Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The sharpest contraction of the American economy in a decade is expected to get worse in the second quarter. White House senior economic adviser Kevin Hassett said that they expected second-quarter negative GDP growth between minus 15 and minus 20 per cent.
The EPS camp believes that the BJP was already arm-twisting the AIADMK into conceding more seats in the 2024 Lok Sabha elections 'than they deserve' observes N Sathiya Moorthy.
Maharashtra minister and Nationalist Congress Party spokesperson Nawab Malik on Tuesday said any decision on the opposition's candidate for the post of the country's next President will be taken collectively by leaders of various parties, and Bihar Chief Minister Nitish Kumar's name could be considered only if his party Janata Dal-United snaps ties with the Bharatiya Janata Party.
Mahsa Amini's tragic custodial death in Tehran has triggered protests across Iran. Defiant, jean clad women minus their tunics and hijabs are marching in unison and shouting 'Down with the dictator' Women in Iran have been pushed to the wall and are no longer willing to abide by the restrictions placed on them, explains Rashme Sehgal.
IMD Director General M Mohapatra said there is cyclonic circulation along the Karnataka coast which is hindering the progress of the southwest monsoon.
The AIADMK is convinced that the BJP will remain an electoral burden for a long time to come, beginning the Lok Sabha polls next year, reveals N Sathiya Moorthy.
With retail inflation surprising on the upside, the six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) is expected to increase the repo rate by 35-50 basis points (bps) in the review scheduled for September 28-30. According to economists, the central bank will continue to focus on bringing inflation down even though economic growth has remained sluggish. Data released by the government on Monday showed that the consumer price index (CPI)-based inflation increased by 7 per cent year-on-year (YoY) in August, thus, staying above the upper tolerance limit of the central bank for all the eight months of 2022.
ISRO hopes to put a crew on the moon, but it has to learn how to keep people alive and healthy in space first.
The Indian Army's Shatrujeet brigade is conducting an airborne exercise along the northern borders in eastern Ladakh to validate its rapid response capabilities, sources said on Monday.
Mili establishes Janhvi Kapoor as an actor striving to be taken seriously, observes Sukanya Verma.
With Tata Motors subsidiary taking over Ford's passenger vehicle (PV) manufacturing unit at Sanand in Gujarat, uncertainty over the future of Ford's Maraimalai Nagar unit in Tamil Nadu continues, with workers protesting on Thursday demanding a better severance package. There are over 2,000 employees working at the unit. On Thursday, there was a meeting between agitating employees and the state labour department. The workers started protests at the Chennai unit after Tata Passenger Electric Mobility signed a tripartite memorandum of understanding with Ford India and the Government of Gujarat for acquisition of Ford's PV manufacturing plant at Sanand.
Prices of food items like cereals, pulses, and edible oils rose or remained steady in May, a Reserve Bank of India (RBI) report said, indicating there could be another higher inflation print. However, it observed that the Monetary Policy Committee's (MPC's) surprise move to increase interest rates bodes well for its credibility. The RBI's monthly State of the Economy report, released on Tuesday, citing high frequency food price data from the Ministry of Consumer Affairs for the period May 1-12, said the increase in the prices of cereals was primarily because of the surge in wheat prices.
A striking new display in a bold new design. The iPhone4 from Apple is their best yet. Potential reception issues, though, could spoil an almost perfect device.
If the first episode of Koffee With Karan 7 was explosive because of Ranveer Singh and Alia Bhatt, the second episode -- featuring Janhvi Kapoor and Sara Ali Khan -- was all fun and cute, as they spoke about their unusual friendship, relationships and a lot more.
'Most Indian logistics firms do not have the facility to store and transport COVID-19 vaccine right now.'
Mumbai Indians celebrated the end of their quarantine with a game of volleyball in the pool at the St Regis Saadiyat Island Resort in Abu Dhabi.
The second Test between India and Australia will take place at Melbourne on December 26 starting 0500 IST.
A 6-7 million tonnes shortfall in rice production due to a fall in paddy sowing area is likely to keep rice prices at elevated levels, adding to the inflationary pressure that the slowing economy is already grappling with. Elevated food prices, including that of cereals, had led to retail inflation reversing a three-month declining trend, to touch 7 per cent in August. Similarly, the wholesale price inflation, which declined to 11-month low, also showed price pressures from cereals resulting from wheat output being impacted by severe heat waves in some parts of the country.
Fitch Ratings has revised India's GDP forecast to minus 9.4 per cent in the current fiscal year from a previously projected contraction of 10.5 per cent after the economy staged a sharper rebound in the second quarter. In its Global Economic Outlook, Fitch said the coronavirus-induced recession inflicted severe economic scarring and the country needs to repair balance sheets and increase caution about long-term planning. "We now expect GDP to contract 9.4 per cent in the fiscal year to end March 2021 (plus 1.1 percentage point) followed by plus 11 per cent growth (unchanged) and plus 6.3 per cent growth in the following years," the rating agency said.
Sanjeeda Shaikh will finally make you ditch your PJs.
Petrol will cost less than Rs 18 a litre but for the duties levied by central and state governments, Petroleum Minister Mani Shankar Aiyar said on Tuesday.
Karan Johar's twins -- Roohi and Yash -- turned four on February 7 and the proud father invited their friends over for a birthday party.
Pfizer Inc and BioNTech SE have said that their vaccine candidate has been found to be more than 90 per cent effective in preventing COVID-19.
Most places in Kashmir continued to reel under intense cold with the night temperature staying below the freezing point, while Kargil town in Ladakh region registered the season's coldest night at minus 9.2 degrees Celsius.
'If the government spends Rs 10 lakh crore this year then you would be looking at a GDP growth of minus 5 per cent.' 'If you do not do this, you will be looking at GDP growth between minus nine and minus 10 per cent.'
Innovator and educationist Sonam Wangchuk, the real life Phunsukh Wangdu of Bollywood blockbuster 3 Idiots, has developed an eco-friendly solar heated tent that Army personnel can use in extremely cold places like Siachen and Galwan valley in the Ladakh region.
Looking into the current situation on the China boarder, IOC has stocked up enough winter-grade fuel for the region. With army movements increasing, the demand for this fuel is expected to increase multifold from the 350 metric tonnes last winter.
Cold wave tightened its grip on Kashmir Valley ahead of the onset of 'Chillai-Kalan' -- the 40-day harshest winter period -- with the summer capital Srinagar and Leh town recording the coldest night of the season.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your income tax queries.
Cold wave tightened its grip in Kashmir Valley on Saturday as the night temperature plummeted to the season's lowest in many places, resulting in the freezing of fringes of the famous Dal Lake for the first time this winter.
The 40-day period marks the harshest phase of the winter in the Kashmir valley.
A blast of Arctic air from the polar vortex has brought dangerous, bone-chilling cold to a wide swath of the United States on Tuesday, stretching from the Dakotas through Maine, with snow expected as far south as Alabama and Georgia. Arctic air and icy conditions led schools to close, flights to be cancelled and railway officials to set fires on train tracks to prevent them from cracking.
As tensions between the armies of India and China at the LAC show no sign of ebbing, both sides have significantly ramped up the presence of their troops.
Rob Lewis watched the first Test -- which is being played minus spectators -- from the ramparts of the Galle Fort, which overlooks the Galle cricket stadium.
Accompanied by her husband, Nusrat wearing a white and red pat saree and mask offered Anjali (flowers) on the auspicious Maha Ashtami day at the Suruchi Sangha pandal in New Alipore.
Someone please get them on the cover of a magazine, minus KJo of course!
The RBI's mistake may have been in interpreting its mandate to maintain retail inflation at 4%, with 2% leeway in either direction, as being a mandate that permitted it to do nothing even when inflation was at or near the upper bound of 6%, observes T N Ninan.
A bit of economic reforms stalled and decisions delayed -- what Narayana Murthy spoke of -- don't hurt if a country's compassionate and inclusive social fabric has survived intact; if the country is happy, observes Shyam G Menon.
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