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'Parsis are brought up with a great sense of the importance of truth and speaking your mind.'
The latest roadmap for exempts banking, insurance and non-banking finance companies
The current estimate, however, largely covers only the cost of infrastructure such as pipes, construction of borewells, overhead costs among others and not the expenditure to be incurred on operation and maintenance.
Indian Railways said it would rope in home-grown talent to develop world-class stations as foreign consultants were charging exorbitant fees.
Credit to priority sectors as well as small and medium industries will be discussed to find ways to accelerate economic growth.
In the following analysis, RelaxwithTax has tried to squeeze out the useful information -- from the Budget Speech delivered by Finance Minister Pranab Mukherjee -- that is relevant to you in terms of personal taxation and finance.
This activity will allow us to identify those jurisdictions where either the legal framework is not good enough or practices are not good enough and, therefore, information is not flowing.
According to Parizad Sirwalla, partner (tax), KPMG, the withdrawal of annual tax free transport allowance and medical reimbursements has squared off the benefit on account of standard deduction.
Finance Minister Pranab Mukherjee's Budget speech on Friday brought closer to reality, billionaire industrialist Anil Ambani's dream of entering the banking sector.
The NSE Nifty closed at 4922, up 63 points. The market breadth was strong. out of 2874 stocks traded on the BSE, there were 1848 advancing stocks as against 942 declines.
Claiming that black money to the tune of Rs 500 lakh crore (Rs 500 trillion) was stashed by Indians in foreign banks, yoga guru Baba Ramdev has advocated for bringing that money back home.
The finance minister's Budget Speech has come as a surprising blessing as he has maintained the rates as they were last year.
The government contained its fiscal deficit, the gap between overall expenditure and receipts, at 4.7 of GDP during 2010-11 much lower than the revised estimate of 5.1 per cent, a development which provide much needed comfort to the Centre fighting stubborn inflation.
As per existing provisions, senior citizens aged 60 years and above are eligible for concession in the basic fares of Mail and Express trains, and all inclusive fares of Rajdhani, Shatabdi and Jan Shatabdi trains.
Only salaried individuals, pensioners or those earning interest income can use the new form.
Income Tax Return forms in India are like the Golmaal series of movies. Every two years there is a new one.
'Let us hope that this Budget delivers.' 'It needs 10 per cent plus real GDP growth in 2021-22, the rebound year,' notes Omkar Goswami.
Simplification of India's tax codes including stamp and other duties has to be an end objective by itself and the introduction of DTC and GST should not be delayed by protracted discussions.
Subbarao's annual statement will be of unusual interest this year
CST Mumbai, Pune, Nagpur, Howrah, Sealdah, Thiruvanathapuram, Chennai, Bhopal, Madhura Junction, New Jalpaiguri and Kochi are some of the stations that will be modernised.
If one compares returns, the two public-sector ETFs have done better over the past year, but the ELSS category has done better over the trailing three and five years.
Oops, no, onions don't look tempting enough to be part of our investment portfolio for this year! Nor drumsticks!
In the last year Budget too, the Government targetted to raise Rs. 40,000 crore through disinvestment in the current fiscal.
The government on Monday said low-cost housing loans of Rs 15 lakh will be eligible for one per cent interest subsidy, which will help in increasing the demand for such housing.
Finance Minister Pranab Mukherjee on Monday said the Direct Taxes Code (DTC), which will replace the Income Tax Act, is proposed to be implemented from April 1, 2012."
The announcement was made by Finance Minister Pranab Mukherjee in his Budget speech.
A draft of the infrastructure portion of the Budget speech for Pranab Mukherjee's consideration.
India is considering allowing new private sector banks, including by industrial houses, and a roadmap for the same could be announced in the annual Union Budget to be presented later this month.
India is considering allowing new private sector banks, including by industrial houses, and a roadmap for the same could be announced in the annual Union Budget to be presented later this month.
'There is good indication that the economy is bouncing back, but the problem is, we should look at the eight quarters preceding March 2020.' 'The growth had fallen below 3.1% before March 2020.' 'So, the governments must realise that even if you transform the best of green shoots into banyan trees, you see only 3.1% growth.'
The brutal incident came to light after a video of the assault went viral. In the video, a group of men is seen thrashing two persons with rubber belts. They later torture one of the victims by pouring petrol on his private parts with a piece of cloth wrapped on a screwdriver.
'Rather than abolishing stamp duty as STT is already levied on all transactions, the government has de-facto imposed a state STT in the guise of stamp duty'
As Pranab Mukherjee steps down as President, we remember the man, the politician, the Rashtrapati.
The ministry of civil aviation will seek a complete rollback of service tax levied on domestic air travel in the recent Budget, Civil Aviation Minister Praful Patel said on Wednesday.In his Budget speech on February 26, Finance Minister Pranab Mukherjee had proposed a service tax of 10 per cent on both domestic and international travel. Earlier, the service tax was restricted only for international travel.
The agricultural growth package mooted in the Union Budget for 2010-11 seems well conceived but not adequately supported by funding for its key elements. This, surprisingly, is despite the 21.6 per cent increase in the overall Central plan outlay for agriculture and allied sectors, the highest hike in recent years.
Mr Mukherjee has presented a good budget, perhaps even a very good one under the circumstances, but he has shied away from presenting a great budget.
The Plan allocation for the power sector has been doubled from Rs 2,230 crore in 2009-10 to Rs 5,130 crore in 2010-11. The allocation does not include allocations for Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY). This was announced by the Finance Minister, Pranab Mukherjee in his Budget speech in Parliament on Friday.
The decision to have a symbol for Rupee was taken by the government last year. It was also decided to invite designs from the public for the new symbol.
Take a look at government subsidies and their growth as a percentage of GDP over this period.
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