Individual tax payers will save only Rs 1,000 more a year following the government raising the tax exemption threshold by Rs 10,000 to Rs 1,60,000, whereas the benefit for senior citizens (65 years and above) will be higher at Rs 1,500.
China had earlier this month announced up to 9 per cent rebate on exports of steel products to boost the shipment and production of the commodity. The Indian steel industry, along with its global counterparts, had taken strong exception to it and demanded import-restricting measures be imposed urgently.
The forthcoming Budget, the last full one before the 2019 Lok Sabha elections, is expected to contain a number of sops and feel-good announcements, especially regarding social sector schemes.
With the new pension system attracting lukewarm response from citizens, interim regulator PFRDA today expressed hope that the Budget would provide tax exemption to individuals at the time of entry to encourage them to opt for the scheme.
Corporate Affairs Minister Salman Khursheed said his ministry would push for affirmative action in the corporate sector through fiscal incentives.
Looking to push nearly 28 million over 11-year-old polluting vehicles off-roads, the government has proposed incentives worth 8-12 per cent of the cost of a new vehicle for surrendering the old ones.
So how do you rate the NDA government's election-year budget? Does it meet your expectations? Or do you feel let down?
The government is considering giving financial incentives of up to Rs 1.5 lakh on surrender of over-ten-year-old vehicles to check pollution.
The entry to the graveyard inside Naqshband sahib Shrine in Khawaja Bazaar near Nowhatta was sealed and security forces were deployed around the area to prevent anyone going inside, officials said.
Local trains have been off bounds for the general public since March last year due to the coronavirus pandemic.
Rule will hit 1,000 firms that moved jobs to India, elsewhere. Total jobs abroad pegged at 3 million.
The Kings XI Punjab and Rajasthan Royals squad members, who arrived in Dubai last week, will have their first proper training session in months on Wednesday evening, having tested negative for COVID-19 thrice during their mandatory six-day quarantine.
Single-screen cinema halls are likely to be allowed with strict social distancing norms.
Setting at rest speculation about the possibility of tax cuts to boost growth, the Planning Commission Deputy Chairman Montek Singh Ahluwalia on Tuesday said the government will not change the tax structure during the current fiscal, ending March 31.
The Budget is expected to make some key announcements, including relief package for farmers, poor and sops for the middle-class.
The government said on Wednesday that the Telegraph Act would be amended to incorporate cellular service providers to get a share from the Universal Service Obligation Fund to connect all villages, highways and rail network.\n\n
Developers have demanded lower borrowing cost for the housing sector as well as reduced taxes to promote affordable housing.
It also directed the Centre to formulate standard operating procedure (SOP) to deal with claims and objections.
The railway minister also proposed to extend 75 per cent concession in second-class fares to government rural school students, once in a year, for study tour.
'Some companies have agreed to 2-3% incentive but the automakers and SIAM have to decide amongst themselves'
The proposal will also include providing loans at below market rates to real estate developers. But the loan disbursed under this will come with a number of conditions like an upper ceiling on selling price of flats and individual homes.
Wahab Riaz has conveyed to the head coach Misbah ul haq that he is ready to make a return to Test cricket if his services are required
The number of infected persons in the ministry are now at 36.
The BJP has promised the people of Haryana a corruption-free government if voted to power in the assembly elections.
The government, however, will allow collective prayers to Goddess Durga where number of people should not be more than 200.
The capability of drones to evade radar, wreak devastation at strategic installations and transport weapons to terrorists has been a continuous concern for the country's security establishment, and in a maiden incident, these unmanned vehicles were used to strike an Indian Air Force base in Jammu on Sunday, officials said.
The order, listing various allowed and restricted activities because of the Covid pandemic, will come into effect from November 1.
The order issued by Union Home Secretary Ajay Kumar Bhalla is a slight modification of the reopening guidelines issued on September 30 where the political gatherings were allowed from October 15. The political gatherings can be held only outside the containment zones.
The Union health ministry on Tuesday said that aid received from other countries has been distributed in different states to help deal with the rising number of COVID-19 cases.
Real estate companies have asked the government to give them infrastructure status that will enable them to access cheaper money raising options. Does the speculative sector deserve this?
The government will come up with a legislation, which will have a fiscal package, including a 20-year income tax holiday for special economic zones, by December end, a top government official said on Tuesday.
The Budget proposal will help startups with better incubation, talent and capital
Tamil Nadu Chief Minister K Palaniswami on Tuesday launched new industrial and MSME policies aimed at providing further impetus to industrial growth by attracting more investments and also offering sops for development in the industrially backward districts.
'There are deliberations on whether there can be lowering of income taxes and other sops to keep more money in the hands of taxpayers, enabling them to spend more and boost demand.'
The crew of 120 will be quarantined for a week and the shoot will begin on August 15, and go right up to September 20.
