Finance Minister Pranab Mukherjee also asserted there's been no pressure by the United States for India to enact financial sector reforms, particularly in the banking and insurance sectors, on the eve of President Obama's visit.
Few options that can help you plan taxes wisely.
Salaried employees get several benefits under Sections 80C, 80D, 80G and others.
Boost to dairy sector will generate jobs
Syed Firdaus Ashraf/Rediff.com lists 11 Modi flagship schemes that may have been gamechangers in the Lok Sabha election.
The PM said looking at what the world is going through, this (lockdown) was the "only way left."
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The statement comes in the wake of two independent members of the NSC, P C Mohanan and J V Meenakshi, quitting the Commission over disagreements with the government on the back-series GDP data and delay in release of labour force survey. Mohanan was also the acting chairperson of the Commission.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
'WhatsApp is storing our data on servers which are physically located in another country.' 'We might be having good relations with a particular country at this very moment, where WhatsApp's data servers are located, and in which our data is stored, but tomorrow we might be having bad relations with them, then what is going to happen to that data.'
Sebi's latest direction is against floating any new product.
Financial conglomerates neither have group-wide oversight mechanisms nor do they follow enterprise-wide risk management practices, according to the findings of a monitoring exercise by the Reserve Bank of India (RBI), Securities and Exchange Board of India (Sebi) and Insurance Regulatory and Development Authority (Irda).
SBI said it provided credit to Orbital ATK Inc as part of a syndicated deal with other banks.
British Prime Minister Boris Johnson led the tributes with UK Chancellor Rishi Sunak at 10 Downing Street for the National Health Service (NHS) and other key workers across care homes and public transport at 11 am local time. So far 82 NHS staff are known to have died after testing positive for the coronavirus, including many with their roots in India.
With the frontline Indian benchmark indices trading near all-time highs ahead of the general elections that begin later this week, Marc Faber, Editor and Publisher of "The Gloom, Boom & Doom Report" tells Puneet Wadhwa that the Indian stock market is relatively expensive, especially the index (large-cap) stocks.
Equity investments in 82 public sector enterprises have been completely eroded due to accumulated losses, an audit of financial statements conducted by the Comptroller and Auditor General of India revealed.
The PM alleged that a 'PC' (percentage commission) culture has become the state government's identity.
USIEF last week hosted its annual pre-departure orientation programme for US-bound students.
While using the family to save tax is legal and smart, ensure you use the ones where clubbing income laws isn't a concern, advises Bindisha Sarang.
Though it has been more than six months since the ban on entry load on mutual funds (MFs) came into force, independent financial advisors (IFAs) are still shying away from selling MFs.
'Genuine mistakes can and must be forgiven,' argues Vivek Gumaste.
He said while the previous UPA government hid the bad loans, his government has properly recognised them and brought tough laws to deal with defaults and recovery money.
Archit Gupta on how can you maximise your savings and reduce your taxable income.
Sachin Tendulkar has no hesitation in terming India as favourites going into the World Cup but what makes him happier is the team's ability to be competitive 'in any part of the world and on any surface'.
The scheme has been extended to all categories of employees.
'Tamil Nadu is a state of temples, it's a holy land. People don't seem to realise that.'
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.
So how is it going to affect the common citizen?
'The number of deaths attributable to warming is likely to rise in the future.'
These simple changes can add a significant thrust to your overall money management over time.
More asset sales may be only way out, though most of the group companies' ratings have been downgraded and their combined market value is now a fraction of their combined debt.
Air services may be disrupted on August 20 as airport employees have decided to join the major trade unions in their general strike against the "anti-people" policies of the United Progressive Alliance (UPA) government.
The Congress on Tuesday termed as rhetoric and hollow on specifics the prime minister's address to the nation, saying there was no mention of a financial package or concrete steps to revive the economy.
Only 112 CEOs were not too confident to conclude that the confidence motion would be taken to a logical conclusion in view of conflicting reports emanating from various political parties, Assocham said. With the signing of the nuclear agreement, investments to the tune of $40 billion can be generated in field of nuclear energy in the country as leading industrialists have started negotiations with their prospective counterparts to produce nuclear power, the survey said.
'A proposal to do away with labour laws is not feasible.' 'That's why we wanted to have a dialogue with the states.'
The Communist Party of India Marxist, the largest among the Left parties, said the increase in FDI cap would lead to the outflow of Indian people's savings to lubricate speculative profits. It maintained that the Left had not allowed the UPA to take this decision for the past four years.
Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.
"Earlier, India was a land of snake charmers. Now, Americans perceive Indians to be very smart. The infotech revolution changed it all," says FICCI Secretary-General Amit Mitra.
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