The government has likely mopped up over Rs 27,000 crore in taxes from senior citizens on the interest they earned on term deposits last fiscal, researchers at the country’s largest lender SBI said. According to the report by SBI researchers, the total amount of deposits has risen by 143 per cent in the last five years to Rs 34 lakh crore at the end of FY24 from Rs 14 lakh crore. High-interest rates also seem to have led to higher interest among the senior citizens to invest in fixed deposits, as the total number of term deposit accounts grew 81

New Delhi: Wholesale inflation in the country rose marginally to 0.53 per cent in March compared to 0.20 per cent in the preceding month due to increase in prices of vegetables, potato, onion and crude oil. The Wholesale Price Index (WPI)-based inflation was in the negative zone from April to October and had turned positive in November at 0.26 per cent. The inflation in March 2023 was 1.41 per cent. ”The annual rate of inflation based on all-India Wholesale Price Index (WPI) number is 0.53 per cent (provisional) for the month of March, 2024 (over March, 2023),” the commerce and industry

New Delhi [India], April 15 (ANI): A Delhi Court on Monday extended the judicial custody of Chief Minister Arvind Kejriwal till April 23 in the money laundering case connected to the now-scrapped liquor policy. Kejriwal, who was arrested on the night of March 21, was produced virtually before Special Judge Kaveri Baweja of the Rouse Avenue Courts on the expiry of his judicial custody. The Court said it is extending custody until April 23, when judicial custody of the co-accused (BRS leader K Kavitha) is also ending. Earlier, AAP leader Kejriwal approached the Supreme Court challenging a Delhi High Court