Defence Minister Manohar Parrikar has asked the Indian Air Force to focus on safety and conservation of available resources as he interacted with top commanders in New Delhi just days after India decided to buy 36 Rafale jets.
The new 10 per cent dividend tax will be payable only on dividend income over and above Rs 10 lakh threshold in a year, according to an amendment to the Finance Bill 2016 approved by Lok Sabha.
The government should now focus on governance and monitoring the supply side to manage inflation, says M V Subramanian.
Almost 2,000 companies whose private provident and pension funds have invested in non-convertible debentures of IL&FS group firms are staring at the prospect of booking losses to the tune of Rs 9,000 crore or more if the interest income is added.
'From March 2020 to November 2021, the combined wealth of the billionaires of this country has doubled.'
Prime Minister Narendra Modi said peace in the world is not possible if the factory of terrorism continues like this.
"Our armed forces have shown utmost restraint in tackling terrorists in Kashmir Valley despite grave provocations," he said in his address on the All India Radio on the eve of Independence Day.
Free provision of food, cash transfers, and jobs in villages see enhanced flow of funds despite a precipitous fall in revenue. Till May, defence spend was nearly 30 per cent less than the previous year.
Finance Minister Nirmala Sitharaman on Friday hiked tax on petrol and diesel, raised import duty on gold, levied additional surcharge on super rich and brought a tax on high value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles.
The centre pays only an insulting Rs 200 per pensioner each month at a tight-fisted 0.04 per cent of GDP, among the lowest in the world. Instead, as illustrated by Jean Drze, one option is for NYAY to provide individual rather than household entitlements to all pensioners of at least Rs 1200 per month.
"The country has suffered a lot due to selfish interests earlier and now politics over Rafale," he said.
The chief minister also said that all 72 lakh ration card holders in the city will be provided free 10 kg ration this month.
BJP-ruled states push through amendments to laws, aim to get larger share of FDI pie
The LDF government -- which has negotiated a series of crises in the form of natural disasters to the Covid pandemic -- cannot turn a blind eye to the accumulated debt of the state that now exceeds Rs 3 trillion and the need for more jobs, investment and industry.
Here are some tips for salaried class to reduce their tax burden as the financial year is nearing its close come March 31.
To curb mis-selling of policies and rationalise commissions, radical changes have been proposed to help investors.
Good news soon on the long-standing demand of ex-servicemen, promises Manohar Parrikar
The manifesto, on the lines of the party's promise in Delhi in 2015, also says the AAP government will set up Aam Aadmi canteens at sub-division and district levels where one time meal will be available for Rs 5, and reduce the power tariff to half for usages up to 400 unit.
In one of his longest speeches, All India Congress Committee vice-president Rahul Gandhi on Thursday tore into the Bharatiya Janata Party's poll manifesto. The BJP's manifesto was released on April 7 when the first phase polling of Lok Sabha 2014 had already begun. Shahnawaz Akhtar reports
The world's largest postal service is stepping in to help deliver lifesaving medicines during a countrywide lockdown aimed at tackling the coronavirus pandemic.
The Congress has asked Prime Minister Narendra Modi to take up the issue of former IPL chairman Lalit Modi's deportation during his ongoing visit to UK and to ensure that the "fugitive" and "black money exporter" is brought back.
Here's the full text of Prime Minister Narendra Modi's address to the nation where he announced the demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight on November 8-9.
Officials cited the example of the Sixth Pay Commission.
The government scheme has a long way to go before its ultimate goals of universal financial inclusion and financial literacy are achieved.
The meeting will review annual financial performance of public sector banks, credit offtake in the economy, priority sector lending and progress made under various social sector schemes, including Atal Pension Yojana (APY) and Pradhan Mantri Jan Dhan Yojana.
Good intentions and elaborate roadmaps apart, there is an urgent need for the Tamil Nadu chief minister to come up with branded schemes like MGR's meal scheme, asserts N Sathiya Moorthy.
Indian elections are puzzling, to say the least. In Rajasthan, despite rolling out several pro-poor policies -- such as free medicine and a pension scheme for the poor -- the Congress lost resoundingly. In Mizoram, it won resoundingly, for precisely that reason -- pro-poor policies.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The Congress for its part urged Modi not to politicise the armed forces.
Even as Chinese troops continue squatting on territory that we claim as our own -- this was the lowest allocation for defence in percentage terms since the 1950s, reveals Ajai Shukla.
Pawan Kumar, organising secretary of the Bharatiya Mazdoor Sangh (BMS) affiliated to the Rashtriya Swayamsevak Sangh (RSS), tells Aditi Phadnis it will join forces with other trade unions if necessary to oppose the Employees' Provident Fund Organisation (EPFO) provisions in the Union Budget.
'If you consider only demonetisation and GST as my government's work, it will be a big injustice to me.'
It is worrisome that salaries are consuming as much expenditure as equipment.
Stepping up the agitation on 'One Rank One Pension', a fast-unto-death was launched by two of the protesting ex-servicemen at Jantar Mantar
Equity-linked savings scheme, PPF and Sukanya Samriddhi Yojana are recommended instruments.
Arun Jaitley had a tough fiscal hill to climb.
Later, there may be some tax relief aimed at the middle class and measures to benefit the sectors worst hit by Covid-19 and the resultant nationwide lockdown.
'There were tears in my eyes when I parted with my medals. I thought was it for this moment did I become a soldier?' In 2008, Captain H Balakrishnan (retd) of the Indian Navy returned all his medals to the President of India to protest the government's failure to implement the One Rank One Pension scheme.
'Whatever Modi had promised us on OROP has not been delivered. He lied to us'
With the One Rank One Pension scheme for military veterans set to be notified soon, officials of central paramilitary forces, too, may be in for good news soon as the government is to take a final decision on granting of "organised services" status to them.
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