Individuals often postpone tax planning till the end of the financial year. As the deadline for showing proof of investments draws near, they invest randomly in any product that will help them save tax for that year. Later, they realise that it is not suited for them, so they abandon it. Tax planning should not be a standalone, one-off activity, but should be in sync with your overall financial plan, says Sanjay Kumar Singh.
To snatch a state government out of Congress hands is therefore a high-stakes game with national political implications, for it denies the party the essential fuel to run effective election campaigns, notes T N Ninan.
The election campaign finally ended on Friday, May 17. Arindam Majumder reveals what he discovered on the election front on a long rail journey.
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.
Besides opening up the possibility of a policy that allows vintage cars retrofitted with electric batteries to ply on roads, this also gives a clue to how cars older than 15 years that are banned can be valued again by a similar conversion to EVs, says Ritwik Sharma.
Presenting the Union Budget for the year 2012-13, the Finance Minister informed the Lower House of Parliament that the enrolments into the other system have already crossed 20 crore (200 million) and the Aadhaar numbers generated upto date has crossed 14 crore (140 million).
'We get an overzealous army of tax inspectors pushing the economy too hard,' says Ajay Shah.
'The government must provide more funds to enable the armed forces to fight and win tomorrow's wars,' states Brigadier Gurmeet Kanwal (retd).
Tokyo residents are deeply divided on whether they should go ahead with the Olympics mid-pandemic
The curious thing is that savings instruments have not really kept pace with changing needs, although people have access to a wider variety than before.
The NPR data can be used for transparent and efficient delivery of social benefits by linking it with various beneficiary oriented government schemes, they said.
Sports Minister Kiren Rijiju said all pending complaints of sexual harassment at SAI institutes will be disposed off
"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.
The document, shared by the prime minister on the occasion of the first anniversary of his second term on his Twitter account and web portal, detailed the steps taken by his government for the progress and development of the country. The document is divided into 15 heads ranging from ease of doing business, ease of living, to eliminating corruption and the country's fight against coronavirus.
'MFs have a combined exposure of Rs 3.2 lakh crore to NBFCs, out of which Rs 1.1 lakh crore matures by September 2019.'
Taking strong exception to complaints and grievances of people concerning the customs and excise sectors, Prime Minister Narendra Modi on Wednesday said strict action would be taken against erring officials.
Four recent instances help us understand why Prime Minister Narendra Modi could truly be called the chief human resources officer (CHRO) of the country.
WhatsApp on Wednesday said it expects to facilitate the purchase of "affordable sachet-sized" health insurance through its platform by the end of the year as part of its efforts to provide users in India with greater access to financial solutions. The Facebook-owned company noted that its 'Payments' feature is now available to users across the country (currently up to 20 million users) with support from banking partners - State Bank of India, HDFC, ICICI and Axis Bank.
Stating that pushing GDP growth, which has slipped to 5-year low of 6.8 per cent in 2018-19, is the top priority, President Ramnath Kovind said Modi govt will bring more reforms and raise farm investments to boost growth.
'People do not want a 'maha milavat' (highly adulterated) government of those who assembled in Kolkata.'
In analysing census data from 2007-2011, researchers found that the at-birth sex ratios of Asian Americans are the same as white Americans. Arthur J Pais reports
Finance Minister P Chidambaram, while addressing the Carnegie Endowment for International Peace on "Recapturing India's Growth Momentum" in Washington on Thursday, said that the leading think tank need not launch an initiative to explore how India will vote in 2014, declaring that the Indian polity will vote the Congress back into power.
The Budget touches a few highs and lows as far as personal finance is concerned, and one needs to be aware of them in order to optimise on one's investment plans.
It is worrisome that salaries are consuming as much expenditure as equipment.
Director of the US National Institute of Allergy and Infectious Diseases, Dr Fauci said that India made the "incorrect assumption" that they were finished with COVID-19.
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.
'If Modi is talking to every Tom, Dick and Harry, why is he afraid of talking to ex-servicemen?'
She said that despite government scheme and initiatives ranging from roads to agriculture, housing, scholarships to electricity benefiting lives of people, a false narrative was being created by the opposition that the government was working for cronies.
The independent institute advising the PM on jobs seems to have missed the point that the challenge is to create net additional jobs, says Mahesh Vyas.
He cautioned people against forces inside and outside India which are working against the country by targeting it and its constitutional values.
Consumers will thank the Modi government for this simple yet revolutionary move, which is long overdue, says Debashis Basu.
The abolition of wealth tax is again a welcome step.
Prime Minister Modi made a strategic blunder of Nehruvian proportions -- presuming no war can happen now, and the Chinese won't be a military threat and risk their economic interests, observes Shekhar Gupta.
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.
It will be interesting to see whether India-China border tensions figure during the deliberations of PLA deputies to the NPC and CPPCC, notes Jayadeva Ranade, the distinguished China expert and retired RA&W officer.
The announcement comes on the first anniversary of the project.
Railways to hive off all production units and workshops into new govt-owned company; may invite bids from private players to run passenger trains in next 15 days, with ownership vesting with the government.
Rediff.com does a quick checklist on what the two manifestos have to say on hot-button issues of the day.
Most of the scanty 6.35% rise in the defence budget is accounted for by manpower and running expenses.