Here's what your favourite Bollywood stars are tweeting.
The point to note is that since the new rebate is up to a taxable income of Rs 5 lakh, if anyone earns even little more (say, even Rs 100 more) than this amount, he would have to pay all the taxes, according to the existing slabs.
Sources in the government said the ordinance is being brought as it was found to be necessary to prevent future litigations against the government for junking Rs 500 and Rs 1,000 notes.
Even if interest rates go down, they may continue to offer better returns than fixed deposits.
The committee has flagged decisions including the allotment of land to the Aam Aadmi Party for its party office, appointment of Minister Satyendra Jain's daughter as "mission director" of Delhi State Health Mission and a number of purported AAP functionaries as "advisors".
GPS devices will enable real-time money transactions
The 50-day window for depositing the old notes in bank accounts and post offices expires on Friday.
The cabinet also approved ordinance to amend the RBI Act to extinguish the liability on the old notes.
The receipts have risen after falling for two successive years. Within the gainers among the small savings schemes, the maximum increase was seen in the case of post bank deposits, which had bucked the trend in earlier years as well. During 2008-09, the total receipts were estimated to have increased by 21.65 per cent to Rs 52,513 crore, as against Rs 43,165 crore. The outstanding under the scheme rose 12.27 per cent to Rs 22,217 crore.
The Committee, which has been set up in pursuance of the announcement made by the Minister in his Budget speech, will also suggest whether the unclaimed deposit should come to government or be kept in a separate account.
Karnataka chief minister HD Kumaraswamy alleged in the Supreme Court that the top court's order on the resignations of the rebel Congress-Janat Dal-Secular MLAs was passed without issuing a notice to the state assembly speaker.
The income-tax department on Thursday nudged black money holders to make "honest" disclosures under the tax amnesty scheme -- Pradhan Mantri Garib Kalyan Yojana -- warning that non-declaration could attract 77.25 per cent tax and penalty along with prosecution.
Interestingly, in December 2014 also, the DoP had issued an order blacklisting HCL Infosystems and its subsidiaries for a period of five years.
The Centre has to bear the maximum burden of borrowing NSSF loans to the tune of Rs 1 lakh crore.
Stating that pushing GDP growth, which has slipped to 5-year low of 6.8 per cent in 2018-19, is the top priority, President Ramnath Kovind said Modi govt will bring more reforms and raise farm investments to boost growth.
SC asked AG to file an affidavit about the measures undertaken by the govt and RBI to minimise public inconvenience.
For the urban population, recalibration of ATMs has already started and they will start dispensing the new Rs 2,000 currency notes from Monday or Tuesday.
Here's the full text of Prime Minister Narendra Modi's address to the nation where he announced the demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight on November 8-9.
The popular Five-Year National Savings Certificates will earn an interest rate of 8.1 per cent from April 1 as against 8.5 per cent, at present.
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The policy will be announced shortly, Minister of State for Communications and IT Milind Deora said on Monday.
Some of the policy measures announced are expected to go a long way in removing current challenges on financing faced by businesses and also increasing economic activity, especially in areas of construction and manufacturing.
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.
Currently, the ATM withdrawal limit from savings bank accounts stands at Rs 2,500 a day, but most ATMs are dispensing only Rs 2,000 notes or Rs 100
The court also made clear that the second opportunity has been granted to the citizens keeping in mind the "magnitude" of the issue.
Kumar's son Nishant possess both movable and immovable assets of Rs 2.36 crore which is a little more than four times than what his father owns.
While payments banks surely lose money, their operating ratios were looking better in 2017-18 compared to the year before. This implies that as customer volumes start picking up, the business models may perk up too, says R Jagannathan.
Use of the incorrect form will result in your return being treated as defective, points out Suresh Surana, founder, RSM India.
All lenders, including public, private, rural and cooperative banks, have been asked to make arrangements to gather information on deposits of the Specified Bank Notes.
It lacks experience in financial sector that other applicants have demonstrated.
'The government believes there is still significant scope to bring more people under the tax net and collect the right amount of taxes, in cases where taxpayers are underpaying,' says Kuldip Kumar, partner and leader personal tax, PwC.
Concerned over the declining trend of the deposits in post office small saving schemes, the Ministry of Communications has requested Finance Minister P Chidambaram to revise the interest rate upward on these small saving schemes. During 2007-08 (till the month of February), these schemes witnessed a negative growth of around 10 per cent with the total amount of withdrawal surpassing the total deposits.
In a unique attempt to promote his new film, Welcome To Sajjanpur, Shreyas Talpade visited Mumbai's General Post Office and met some letter-writers.
She lived for two-thirds of her life in India, adopted its national cause and customs, and took an Indian passport. She served a prison sentence in Lahore as part of Gandhi's protests against an Imperial power which happened to be her motherland. Freda Bedi delighted in confounding accepted definitions of identity.
Post Office has 1,54,000 rural branches.
While chits and the formal financial sector are not 'largely substitutable', users like the commitment to savings that these enforce and the flexibility in borrowing, reports N Sundaresha Subramanian from New Delhi.
After making a larger-than-expected cut of 50 basis points on September 29, Rajan urged the federal government to do its bit to accelerate growth through structural reforms.
TDS merely means the bank will pay you the entire interest amount without forwarding the tax on it to the government.
Getting locked into instruments before the new regime kicks in would be a good strategy.
'It was a battle that took many forms, ranging from non-violent mass satyagrahas, mammoth public meetings, huge protest rallies in cities and towns to underground organisation of sabotage of communication and transport networks, an underground radio, illegal patrikas (newsletters) and the formation of parallel governments in Ballia, Midnapore and Satara.'
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