'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.'
When the state is unable to provide adequately for the bottom half of the population, should it be giving tax benefits to the well-off?
Finance Minister Nirmala Sitharaman on Monday conveyed to Infosys CEO Salil Parekh in no uncertain terms the government's "deep disappointment and concern" over the continuing glitches in the new income tax filing portal and set September 15 as the deadline for the software major to resolve all snags. As glitches continued to mar the functioning of the portal even after over two months of its launch, Sitharaman summoned Infosys MD & CEO Parekh at her office here to know the reasons for not resolving the snags in the portal. A statement issued by the Income Tax Department said that during the meeting the finance minister emphasised that there is a need for putting in more resources and efforts on the part of Infosys so that the much delayed delivery of agreed services is ensured.
Dynamic change is needed to transform the system, he said.
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 election campaign finally ended on Friday, May 17. Arindam Majumder reveals what he discovered on the election front on a long rail journey.
'Where in the world you get 12.5 per cent return of interest?'
Noting the actions and capabilities of the Chinese side, the IAF chief said, "They had brought their J-20 fighter aircraft (to areas close to Eastern Ladakh) and they go off from there but that is the flexibility of airpower. The moment Indian Rafales were brought in, their J-20 was there. We know their actions and capabilities and we are taking the required steps."
Tokyo residents are deeply divided on whether they should go ahead with the Olympics mid-pandemic
BJP-ruled states push through amendments to laws, aim to get larger share of FDI pie
Ranjana Avasthi, a PhD holder, poured her heart out about the plight of part-time lecturers, prompting the Congress vice president to make the unexpected move.
Auto-debit payment bounces have gone up for the second consecutive month in May, emphasising the stress building up due to a halt in economic activities as authorities lock down various parts of the country to stop the spread of the virus in the second wave. According to the National Automated Clearing House (NACH) data, in May, of the 85.7 million transactions initiated, 35.91 per cent, or 30.8 million transactions, failed.
Sports Minister Kiren Rijiju said all pending complaints of sexual harassment at SAI institutes will be disposed off
Banking system liquidity will experience transient frictional tightness ahead of the payment of arrears
MFs continue to find it difficult to attract and retain long-term money from investors
According to the report, financial assets of the Indian households are predominantly in the form of bank deposits, followed by life insurance - a pattern that got disrupted after note ban
'The government must provide more funds to enable the armed forces to fight and win tomorrow's wars,' states Brigadier Gurmeet Kanwal (retd).
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.
The meeting will review the current global and domestic economic situation and financial stability issues, including those concerning banking and NBFCs.
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.
.jpg)
Taxpayer will also have to forego deduction under 80CCC (contribution towards certain pension fund), Section 80D (health insurance), 80E (interest on loan for higher education), 80EE (interest on loan taken for residential property), 80EEB (purchase of electric vehicle), 80G (donation to charitable institutions), and 80G (rent paid).
'... the government provides adequate cash and kind support for the poorest of the poor for survival... ...conditional cash and skilling support for the economically poor to raise their incomes to adequate levels... ...and make functional arrangements for providing unemployment allowance to the vulnerable poor during disasters like the present one.'
Bank shares were the top losers after sharp gains last week.
In a move to cut down wastage, duplication and leakages and enhance efficiency, the Prime Minister has given a major push to transfer individual benefits from the government directly into the bank accounts of beneficiaries.
'We are probably working with flawed data on household finance.'
Aadhaar now has legal backing but it still faces challenges of privacy and data sharing
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
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.
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.
China on Friday hiked its defence budget to $209 billion, maintaining a single-digit growth for the sixth consecutive year with a 6.8 per cent increase in 2021.
The software is being developed in association with the Central Record-keeping Agency. It is expected to debut by the end of this year. PFRDA is also looking to have an ombudsman for redressal of investor grievances. To increase liquidity of the scheme, there could also be Tier-II accounts by the end of this year, which would allow investors to withdraw money at any given point of time.
The Supreme Court of India on Wednesday appointed Justice Rakesh Kumar Jain, a former judge of the Punjab and Haryana high court, to supervise the Uttar Pradesh SIT's probe on day-to-day basis into the Lakhimpur Kheri violence in which eight people including four farmers were killed on October 3.
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.
Classically, the Japanese - who are not guided by short-termism - added capacity during slumps to be ready to reap their good fortune when the business cycle turned upwards again and shortages emerged, says Subir Roy.
'Beyond the 'sir' and the 'salute', there was a man who cared about his soldiers and that's what made him a great leader.' Field Marshal Sam Manekshaw's grandson Jehan remembers the man who was the soldier's soldier.
Vaccines provided to beneficiaries at the government health facilities will be entirely free of cost, while private facilities cannot charge the beneficiary a sum above Rs 250 per person per dose (Rs 150 for vaccines and Rs 100 as operational charges).
Jeet Singh, the constable, talks about how his colleagues in the force work in the absence of medical facilities or pensions.
The country was, in February, put on the list of jurisdictions that require increased monitoring. These are done to counter money-laundering, terrorist financing, and proliferation financing in a more efficient manner.
Four recent instances help us understand why Prime Minister Narendra Modi could truly be called the chief human resources officer (CHRO) of the country.
Vaccinating 100-200 people in each session per day, monitoring them for 30 minutes after administering the shots for any adverse event and allowing only one beneficiary at a time are among the guidelines issued by the Centre for the COVID-19 inoculation drive.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances