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.
Can the finance minister manage our expectations, asks A K Bhattacharya.
The broader NSE Nifty too dived by 101.65 points, or 0.97 per cent, to close at 10,350.15.
While the whole world grapples to contain the spread of the coronavirus outbreak, the sporting world has been brought to a complete standstill. A lot of top sportsperson around the world have also tested positive for COVID-19 as major events like Tokyo Olympics, Formula One, Indian Premier League and the top football leagues in Europe all face long-term suspension.
The CM recently instructed officials to prepare a roadmap for providing local jobs to about two million people, especially in the rural-based industries, such as khadi, dairy, and food processing units and MSMEs.
Publicly traded banks in India added Rs 1 trillion in bad loans for the quarter ending December 31, 2015.
Piyush Goyal's comments about Amazon founder Jeff Bezos's investment in India reveals an inability to understand how businesses function, says Kanika Datta.
Swati Bhardwaj, of the Center of Nutrition and Metabolic Research (C-NET) and Prof Anoop Misra, Chairman, Fortis-C-DOC Centre of Excellence for Diabetes, Metabolic Diseases and Endocrinology spell out just why the collective waistlines of young India is widening more than ever and just what YOU can do about it.
The company, which has been in the news recently for all the wrong reasons, maintains that it was forced to rationalise the staff strength as improvements in technology resulted in certain redundancies in customer, merchant and delivery partner support teams.
'It is never easy to run a campaign as a woman, particularly a minority woman, especially when you are bucking the establishment.' 'My entire campaign is an act of resistance.'
'He always seemed one of us, part of the great aspiring middle class -- his values, his simplicity, even the intellectual snobbery which he could barely hide,' observes Mousumi Sengupta.
BPCL plans to save Rs 500-800 cr, while HPCL eyes 10% reduction in total costs.
'If the government was serious about co-opting the corporate sector meaningfully in the fight against COVID-19, it could have specified activities beyond cheque-writing,' notes Kanika Datta.
Finance Minister Arun Jaitley presented the Budget today.
Amid continuing uncertainty over the fate of the national carrier, an official said there is also need for funds to restart operations of 12 grounded narrow-body planes.
India's national security strategy needs to be revised periodically since the global and regional geopolitical situation is dynamic, points out Commodore Venugopal Menon (retd).
In an otherwise agriculture- and public health-focused Union Budget 2018-19, artificial intelligence, machine learning, blockchain technology, internet of things -- jargons that found little or no mention in the previous Budgets -- managed to make their presence felt.
'Right now, politics is operating in a state of suspended animation. That works to Modi's advantage.'
The proposal for listing public general insurers had come up in 2007.
'A balanced head plus heart approach would be a full opening up of the economy including manufacturing and internal travel in the country but excluding COVID-19 hotspots,' recommends Jaimini Bhagwati.
Ukrainian Svitolina came into the match riding high on a nine-match winning streak from the start of the season but, hampered by a hip injury, was completely outplayed by the aggressive Belgian on Rod Laver Arena.
A small Australian maker of bug sprays became an unlikely beneficiary of the mosquito-borne Zika virus outbreak this week when the country's Olympic team signed it up as its first official insect repellent sponsor.
A widening probe by US authorities involving top drug companies following complaints of price fixing of generics was a point of worry for the participants, said analysts.
Roger Federer warmed up for next month's Wimbledon championships by swatting aside David Goffin 7-6(2), 6-1 to win the Halle Open title for the 10th time on Sunday.
Even investors with sums as low as Rs 1,000 per month can start their investment journey.
The government on Monday proposed imposition of 5 per cent service tax on treatment in private hospitals, paid either by individuals, insurance companies or firms, a move described as "detrimental" by industry players.
The non-oil, non-finance sector of the economy is under severe stress.
The Tamil Nadu voter may not be in the mood to test new talent, not when the state and the people are going through unprecedented and unanticipated crises, of which coronavirus is only the first. All of it boils down to an election between the ruling AIADMK and the Opposition DMK next year, with small-timers, had-been parties and promised parties left on the sidelines, says N Sathiya Moorthy.
"Modiji reminded that nation bows before Constitution and not him!"
Thinking of migrating to a more agreeable locale? Then perhaps you should consider moving to Vienna, which has been named the best city to live in for the tenth year in a row. However, the news isn't that great for Indians, with the list released by global consulting firm Mercer showing that Indian cities fared badly in the quality of living survey. The comprehensive survey is done with many factors being considered like housing, crime, political stability, leisure, air pollution, infrastructure, health system, education and economy.
Nearly 31 million Indians are unemployed and looking for jobs. While economic growth has been humming along, the pace of job creation has been poor. A revealing excerpt from Dev Kar's India: Still A Shackled Giant.
'The prime minister's announcement of a nation-wide shutdown was eloquent, but should have been more clearly phrased to avoid police overreach.' 'Migrant labour should have been allowed adequate notice and transport options to get home,' notes Rahul Jacob.
Zuckerberg appeared on a video to personally promote Free Basics.
Global health officials are racing to better understand the Zika virus behind a major outbreak that began in Brazil last year and has spread to many countries in the Americas.
Government will get an additional tax of Rs. 2,110 crore from proposed changes.
Australian cricket coach Darren Lehmann will not be with the team during its three-match Twenty20 series against India after he was diagnosed with Deep Vein Thrombosis (DVT) for the second time in his life on Saturday.
According to global wealth intelligence and prospecting company Wealth-X, Buffett topped the list of the 10 biggest single charitable donors of 2014.
The major initiatives of the Modi government have been launched to ensure cleanliness across the country
The breadth, indicating the overall health of the market, turned negative. On the BSE, 1,581 shares declined and 1,246 shares fell. A total of 165 shares were unchanged.
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