Converting what was supposed to be an interim budget or a vote on account into an almost full-fledged budget announcement in the Lok Sabha, Finance Minister Piyush Goyal proposed an array of incentives for both middle-class and farmers, whose disenchantment was said to have cost the BJP dearly in recent assembly elections.
According to Mitra, items such as foodgrain, vegetables, leather goods, footwear, cottage cheese, puffed and flattened rice, books and entertainment tax, among several others, should be in the zero-tax bracket.
The hits and misses of the week.
Locking horns over who made Delhi polio-free, ruling Congress on Monday moved the Election Commission against Bharatiya Janata Party's chief ministerial candidate Harsh Vardhan accusing him of making "false and distorted claims" on his role in the campaign when he was the Health Minister.
Australia skipper Steve Smith has described Jasprit Bumrah and Bhuvneshwar Kumar as the best death bowlers around. His assessment came after Australia suffered a five-wicket defeat to India in the third One-Day International between the teams in Indore on Sunday.
In order to ensure clean working space, the government on Tuesday decided to weed out confidential reports of select categories of retired employees after normal retention period of about 5 years.
India is on the brink of overhauling its tax system, implementing the BEPS project and seeing a further evolution of the GST at the same time as a general election. This makes 2019 an exciting and challenging year, note Maulik Doshi and Jigar Doshi.
Audit firms such as KPMG believe zero complaints may be an indicator of the lack of requisite mechanism to allow for such reporting
Australia fast bowler Mitchell Johnson believes the volatile batsman will probably be more aggressive than previous skipper Mahendra Singh Dhoni.
Son's offer to supply free power after 25 years is based on the idea that the cost of running a solar plant would progressively decline while its efficiency would increase.
Bundesliga leaders Borussia Dortmund struggled to a 1-1 draw at Nuremberg on Saturday that ended their perfect start to the season of five straight league wins.
News of all that's transpired on and off the football fie
Valverde said he was concerned about the team's away form after they were comprehensively beaten 2-0 by promoted Granada
The app, named after the German word 'Haptik' that means the same as 'haptic' in English, is available both on the iOS and Android platforms.
England beat Nigeria 2-1 in a friendly on Saturday that provided some clues as to how coach Gareth Southgate will line up his still experimental side when the World Cup gets underway in two weeks' time.
Offer size could vary from Rs 1,200 cr to Rs 2,000 cr
Monetary incentives under Skill India to small entrepreneurs, capital infusion into technology fund to help businesses expand operations
Centre, with states, to change methodology of calculating domestic power rates, set standards for consumer tariffs
In Brazil it will be the Olympic moment everyone remembers.
As Samajwadi Party chief Akhilesh Yadav criss-crosses Uttar Pradesh to drum up support, the ruling party's hi-tech 'war room' in Lucknow is working round-the-clock as his "eyes and ears" to breathe life in his hectic electioneering by updating him on all key developments.
Even if you don't come in the filing bracket, it is the only way to claim refunds, get visa to some countries.
Tax incentives to have cascading effect on the capital goods industry.
News of all that's transpired on and off the football field
'Modi's power rests on the Hindu vote.' 'It is this vote bank that sees the Supreme Court verdict on Sabarimala as an intrusion into its religious practice and is frothing at the mouth.' 'History shows us the ill-fated consequences of a strong government buckling before street power,' cautions Saisuresh Sivaswamy.
At present, deposits, accrual of interest and withdrawals are tax free under the scheme.
Bharati Dutt witnessed life-changing events that shaped India on the threshold of freedom. Her memories are an account of how ordinary Indians saw India change.
Credit cards prove useful when making high value transactions.
A summary of sports events and persons who made news on Tuesday
FMCG has been behaving unlike a defensive category in recent quarters.
Images from the English Premier League matches played on Tuesday
Our income tax department should bring out monthly bulletin as well as annual reports providing insights into the nature of our direct tax segments, points out R Vaidyanathan.
Currently, 23 power units with a cumulative capacity of 30,000 MW have super critical coal stock situation A lack of synchronised approach between the concerned ministries and power plants, has led to this crisis, says Shreya Jai.
If the government decides to go back to the old regime where the EPF was not taxed but the NPS was, the latter will become an unattractive product.
New Zealand's cricket team have run a gamut of emotions this week after they slumped to a heavy first Test loss to Australia then won three awards at their country's premier sports awards on Thursday.
Simplifying the processes will lead to greater efficiencies. Bad processes will not help even if implemented well, says T N C Rajagopalan
After going two games without a goal and being booed off the field by their own fans, the Brazilian men's soccer team found their scoring touch at the Rio Olympics on Wednesday with a 4-0 win over Denmark that sealed their place in the next round.
The Universal Service Obligation fund was set up in April 2002 and a statutory status was given to it.
The rupee appreciation will most likely lead to lower inflation and less ambiguity.
"This rationalisation is 3-4 month exercise," he said, adding that the GST Council decided on the rate cut on the recommendation of a Fitment Committee.
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