'There is still scope for selective stockpicking.'
This will incentivise employers to recruit unemployed persons and also bring into books the informal employees.
Use deductions introduced in the Budget to save additional Rs 24,000 in tax
The PM said that it was the BJP government which abrogated provisions of the Article 370, while the Congress was only concerned about its "personal interests".
While no specific state-oriented sops were rolled out, a strong thread of political wellness ran through the Budget.
In his hard-hitting speech at a gathering of ex-servicemen, the prime minister referred to the Bofors scam, AgustaWestland chopper scam, Rafale issue and inordinate delays in procurement of critical military platforms and ammunition by previous government.
Former Board of Control for Cricket in India president Narayanswami Srinivasan on Friday rejected Dilip Vengsarkar's claims that he was responsible for the ex-India captain's removal as chairman of selectors, calling the charge 'completely false, motivated and without any basis'.
The government plans a mega launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY) by Prime Minister Narendra Modi on August 28, which is likely to see opening of one crore bank accounts on the first day itself.
According to the third batch of supplementary demands for grants tabled in the Lok Sabha, approval is being sought for gross additional expenditure of over Rs 1.58 lakh crore.
AIBOC in a letter to the Prime Minister, has said the government should not expect the banking fraternity to "join the political campaign of #MainBhiChowkidar" unless issues related to merger of banks, salary revision and staff recruitment, among others, are addressed.
Evaluate recurring investment products and do the numbers before making any investments.
The government has set up a high-level committee.
In the manifesto released on Saturday, the Congress also promised unemployment allowance of Rs 3,000 per month, Rs 2,000 pension to divyangs, widows, senior citizens and needy women, and waiver of loans of up to Rs 3 lakh of all fishermen, among other things.
Once the new rules kick in, you will have less cash-in-hand and may feel tempted to scale back on savings and investments.
In renaming TRS and repositioning it as a 'national' party, KCR is also eyeing a pole position in opposition politics ahead of the 2024 Lok Sabha elections.
Responding to Shagh, National Conference leader Omar Abdullah said the country was suffering from too much "ODOMOS- overdose of only Modi only Shah".
Defence Minister Manohar Parrkar ruled out the possibility of deploying the Indian Army in anti-Naxal operations.
The 40 per cent exemption benefit is applicable only for employees.
You need not worry even if there is a mismatch between your income and deduction in Form 16/16A and Form 26AS, says Ashley Coutinho
What is the lure of a government job? The answer is India's worst kept secret: Job security. And among the many government jobs desperately sought after is in the armed forces. Which is why the riots by aspiring armed forces job seekers against the government's Agnipath scheme should not really be surprising, points out Harishchandra.
The most important institutions have been and are being undermined with almost no resistance, warns Aakar Patel.
The government on Saturday asked the ex-servicemen to end their 84-day agitation as their basic demand for 'One Rank and One Pension' has been accepted and asserted it was open to talks after the veterans voiced their dissatisfaction over key provisions.
Agnipath may be an exercise to address the genuine needs of the armed forces. But overall, it betrays the tendency to use the military and paramilitary for employment generation and shaping a national character, instead of treating them as the professional services they are, notes Shyam G Menon.
There is no dearth of political will today to act against corruption and officers should take action against the corrupt, however powerful, without any hesitation, Prime Minister Narendra Modi said on Monday.
It's high time we now turn the popular question on its head -- when there is no growth in jobs for several years, how can the real GDP grow at 7 per cent per annum, says Mahesh Vyas.
Restrict investment to Rs 50,000 for tax benefits, experts tell Sanjay Kumar Singh, but caution that taxation at maturity and compulsory annuities are dampers.
The government, under the Finance Act, 2020, had allowed tax exemption for SWFs and pension funds in the case of incomes from investment in 34 key infrastructure sectors, including hotels, cold chains, educational institutions, hospitals, and gas pipelines.
The Bharatiya Janata Party was on Thursday poised for a landslide victory in Gujarat to retain power for a record seventh straight term but was behind the Congress in Himachal Pradesh which could go with the trend of alternative governments in the hill state.
Rediff.com does a quick checklist on what the two manifestos have to say on hot-button issues of the day.
'Indian families' needs and expectations have gone through a revolution across economic demographics.' 'As this latest Modi-Sitharaman Budget demonstrated, politicians have understood this change. They are responding to it,' points out Shekhar Gupta.
Conservative investors and those in the lower tax bracket should opt for these, experts tell Sanjay Kumar Singh
If you have seen Zwigato, Param Kumar's story will sound familiar. Laid off from his job as a repairman at a Gurugram-based water purifier provider, he now delivers groceries and food for a mobile-based delivery app, in Delhi. Kumar, who started making deliveries last August, told Business Standard that he is working longer hours than his older salaried job as an RO repairman, and has no paid leaves or health insurance. Kumar is part of India's estimated 7.7 million-strong force of gig workers.
'We're hitting at the core strength of our armed forces.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
But do not expect the finance minister to fulfil all these wishes
Protests against 'Agnipath' left Bihar in flames on Friday when rampaging mobs set fire to dozens of railway coaches, engines and stations and torched Bharatiya Janata Party offices, vehicles and other property, prompting the police to suspend internet services in nearly a third of the state.
Dravida Munnetra Kazhagam legislator and the party's youth wing secretary Udhayanidhi Stalin was sworn in as minister in Chennai on Wednesday by Tamil Nadu Governor R N Ravi.
Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections.
Close to 300 of these veterans assembled at the protest site, very close to where a similar agitation is being held by the ex-servicemen of the armed forces for the prompt implementation of the OROP for them.
Former Defence Minister A K Antony tells Amit Agnihotri that Defence Minister Manohar Parrikar's statement is an insult not only to the Indian Army but also the previous National Democratic Alliance government led by Atal Bihari Vajpayee
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