TEXT: President Patil's last address to Parliament

President Pratibha Patil on Monday addressed Parliament for the last time as President when she flagged off the Budget session. Here's the text of her speechHonourable Members I welcome you to this......

132,497 Indians Have Income Of 1 Crore Plus

7 states account for over 80 per cent of the total direct tax collections by the Union government. Illustration: Uttam Ghosh/Rediff.com   Have more Indians come under the income-tax net over......

Taxes, incentives, reforms: How to read this year's Budget document

Finance Minister Nirmala Sitharaman will present the Union Budget for 2023-24 in Parliament on February 1. Illustration: Dominic Xavier/Rediff.com The Budget is a statement of the......

India Inc sees Budget to define 'Amrit Kaal', expect extension of PLI scheme

A vast majority of the business leaders believe that the Production Linked Incentive (PLI) schemes have been beneficial and expect an extension to other sectors in the coming years, a Deloitte......

Clarity likely on taxing NFT as virtual digital asset

Ahead of the first due date of advance tax payment on June 15, the government is likely to release guidelines on what will be covered within the ambit of virtual digital assets (VDA).......

ED's notice to BCCI regarding IPL II fund transfer

The Enforcement Directorate has issued notice to the BCCI to explain transfer and routing of funds to the tune of Rs 1,600 crore in the conduct of the second season of Indian Premier League cricket......