Sangeeta Singh, a 1986 batch Indian Revenue Service (IRS) officer has been given additional charge of Chairman, Central Board of Direct Taxes (CBDT), after incumbent JB Mohapatra retired as the head of the direct taxes administration body on April 30.

Singh will take charge on Monday.

Mohapatra, a 1985-batch Indian Revenue Service (IRS) officer of the Income Tax department, was appointed as the full-time chairman in September last year.

Indian IT services provider Wipro said on Friday it expects pressure on margins to continue over the next two to three quarters due to higher employee-related costs as attrition spikes and travel opens up.


"We are seeing slightly lower margins than the range we have seen in the past. There are some salary increases planned and certainly we have to watch travel carefully," said Wipro's Chief Financial Officer Jatin Dalal in an interview.

Indian Oil Corp (IOC) rolled out M15 petrol -- 15 per cent blend of methanol with petrol -- on a pilot basis in Assam's Tinsukia district.

Union Minister of State for Petroleum and Natural Gas Rameswar Teli launched the M15 petrol in the presence of Niti Aayog member VK Saraswat and IOC chairman SM Vaidya on Saturday.

It is only by 2034-35 that India is expected to make good the losses arising from the pandemic, the “Currency and Finance Report” of the Reserve Bank of India (RBI) has said.

“Taking the actual growth rate of (-) 6.6 per cent for 2020-21, 8.9 per cent for 2021-22 and assuming growth rate of 7.2 per cent for 2022-23, and 7.5 per cent beyond that, India is expected to overcome Covid-19 losses in 2034-35,” said the report, released once every year.

The price of 10 grams of 24 carat gold on Saturday went up by Rs 590 to Rs 52,960, while the price of 1 kg of silver rose by Rs 200 with the metal selling at Rs 64,000 per kg.

The price of 10 grams of 22 carat gold on Saturday surged by Rs 550, and the precious metal is selling at Rs 48,550.

Twenty-five years after the Connaught Place shootout, the Delhi High Court on Friday directed the Centre to grant a compensation of Rs 15 lakh to the sole survivor of the incident.

"A sum of Rs 15 lakh is awarded as compensation, which shall be paid along with simple interest at 8 per cent per annum, from the date of the incident till the date of payment," said Justice Prathibha M. Singh in the order dated April 26.

Delhi Chief Minister Arvind Kejriwal called on his West Bengal counterpart Mamata Banerjee in the national capital on Friday.

The meeting took place at Trinamool Congress (TMC) MP and Banerjee's nephew Abhishek Banerjee's official residence in New Delhi.

The Biden administration's attempt to secure more than $30 billion in additional defense and economic aid for Ukraine will further enrich the stockholders of major US defense contractors while having a negligible effect on the battlefield, analysts told Sputnik.

On Thursday, President Joe Biden asked US Congress for $33 billion in emergency supplemental funding to support Ukraine, including $20 billion for military assistance. So far, the package appears to have won broad bipartisan support among US lawmakers.

Canadian Prime Minister Justin Trudeau has announced that Covid-19 vaccine developer Moderna will build a manufacturing facility in the country's Quebec to deliver up to 100 million mRNA vaccine doses annually.

Construction is set to start this year and the facility is expected to be operational in 2024 at the earliest, subject to planning and regulatory approvals, Trudeau said on Friday in a press release.

Karnataka High Court has upheld the constitutional validity of the imposition of central excise duty, national calamity contingent duty (NCCD) simultaneously with the goods and services tax (GST) on tobacco and tobacco products.

A two-judge bench, comprising justice Alok Aradhe and justice S Vishwajith Shetty, basically upheld the earlier order by a single bench of the court in this regard.

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