The tax rate rises to 10 per cent, 15, per cent, 20 per cent and 25 per cent for every Rs 2.5 lakh addition. A 30 per cent tax is charged for income over Rs 15 lakh.
Prime Minister Narendra Modi on Thursday reviewed the impact of Covid-19 on the Indian economy and a possible second stimulus to boost sectors hit hard by the pandemic. Modi held discussions with Finance Minister Nirmala Sitharaman as the pandemic hit sectors from small industries to the aviation sector hard with millions of jobs at stake.
Why are investors gung-ho about State Bank? asks Tamal Bandyopadhyay.
The Public Provident Fund is one of the safest and convenient modes of investment.
Many exemptions make little sense, such as a monthly exemption of Rs 100 for college education and Rs 300 for hostel fees.
One thing is for sure: It smacks of the regulator's lack of confidence in the bank's board, points out Tamal Bandyopadhyay.
'Start-ups that generate a majority of their income in India are likely to opt for an Indian listing.'
"You cannot have a lockdown of people, and a lockout of the economy. That is not the way to formulate policy. We are not criticising, we are only saying it is time to rethink, we will support the government in every possible way," said Kapil Sibal.
Your promise to protect bankers for their commercial decisions is a huge confidence booster, but how does one define a commercial decision? Are our investigative agencies well equipped to dissect lending decisions of bankers?
Take a moment to consider ways to improve your finances.
Investors, including large corporations, view them as a potential hedge against uncertainty, and mainstream investment banks too are jumping into the game.
Brokers also want tax rebates, removal of additional tax on dividends, streamlining of GST...
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
FM needs to convince Indians to invest more in stocks.
'Not a single bullet was fired, but we were warning the enemy not to continue with their antics!' IAF Veteran Air Commodore Nitin Sathe finds out how the Light Combat Helicopter, which will be inducted into the IAF on October 3, was designed, developed and flown.
'This market is very expensive in some pockets, dirt cheap in some, and the belly of the market is reasonably valued.'
Why MP Rajiv Pratap Rudy and his party, the BJP, are angry with Pappu Yadav.
Even investors with sums as low as Rs 1,000 per month can start their investment journey.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'Who are these people on the streets?' 'They are youth and students who were hoodwinked, bluffed by Modi for the last seven years, with a promise of 2 crore jobs every year.' 'And Mamata sings the same tune.' 'But the youth can see that as long as there is Mamata or Modi, there is no hope.'
News of all that transpired on and off the football field.
In a statement, the CBDT, which is the apex policy making body for direct tax policies, said it has never asked IRS Association or these officers to prepare such a report and no permission was sought by them before making the report public. 'It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report.
'They want (the ownership and management of PSU banks) to pass into the hands of a private sector entity.' 'Ownership of these banks will go from the public sector to private sector.'
Power Minister Piyush Goyal on the government's manufacturing push and other key issues.
Investors must remember that only resident Indians can open a PPF account and a person can have only one PPF account.
'You cannot start an MSME again.' 'It is not like a Yes Bank that someone comes and saves the bank.' Once the shutter is down for an MSME, nobody will come to its rescue.'
The official twists and turns have raised questions on the government's credibility and its ability to pull the nation out of the demonetisation quagmire. To keep up with the new rules, the government has issued an updated FAQ on demonetisation.
Interest rates on bank FDs have started coming down and rates on other fixed-income products will also decline. Investors should lock in to instruments offering higher returns.
After assuming power in 2014 with a full majority of its own, the BJP-led NDA government started an ambitious process of reforming labour laws in the form of codes aimed at making the framework less cumbersome with a variety of alterations. It had planned four codes each for industrial relations, wages, social security and welfare, and occupational safety, health and working conditions. To this end, 35 central labour laws were to be converted into four codes that would have had the virtue of streamlining labour relations. But none of the proposed code Bills could be converted into a law principally because neither trade unions nor industry representatives came on board. They hold the key to India's low-growth-high unemployment paradigm but the government may struggle to push them through this time as well. Somesh Jha explains why
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
Assume the worst regarding how long your unemployment could last and make conserving cash your topmost priority, suggests Sanjay Kumar Singh.
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It would be fair to say that markets are coming to the end of a down-cycle and are at the cusp of the next up-cycle.
Voices from the Treasury are clamouring for lowering rates as this would boost demand.
In what has so far been a non-controversial Test match in Southampton, there was a whiff of the same on the second day. England player Moeen Ali was seen wearing a pair of 'Save Gaza' wristbands during the Indian innings. The 27-year-old all rounder also wore a 'Free Palestine' wrist band while batting.
BSE's, NSE's overnight liquid fund facility can help stock investors maximise returns
Traders have all but given up attempting to predict where the new-year rout will end
Surajeet Das Gupta explains why Mukesh Ambani's target is by no means impossible.
Education, jobs, health and more: Experts share their wishlist.
Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.8%-1%.
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