In some relief to general tax payers, Finance Minister Pranab Mukherjee today enhanced the tax exemption limit by Rs 20,000 to Rs 1.80 lakh, gave additional benefits to senior citizens but excluded women from additional sops.
Finance minister Pranab Mukherjee on Monday presented to Parliament India’s budget for the coming financial year beginning in April. Following are the highlights of the budget:
Positives: 1. Excise duty to be reduced from 10% to 5% on parts of specified machinery 2. Surcharge for companies cut to 5 per cent, from 7.5 per cent 3. Citizens over 80 years to have exemption limit of Rs 5 lakh 4. Special incentives for hybrid vehicle makers if manufacturing done in India to […]
Finance minister Pranab Mukherjee has allocated Rs 5,000 cr to Small Industries Development Bank of India or Sidbi, drawing little cheer from the small and medium enterprises.
Finance Minister Pranab Mukherjee on Monday proposed to raise the income tax exemption limit for general tax payers to Rs 1.80 lakh per annum from Rs 1.60 lakh at present and introduced a high new tax slab for senior citizens of 80 years and above.
The Economic Survey today pegged the services sector growth at 9.6 per cent for the current fiscal, lower than the 10.1 per cent expansion in the previous fiscal, though the outlook remains bright.
A JPMorgan fund is in talks to acquire a substantial stake in Twitter, one of the fastest-growing social networking sites, the Financial Times reports. The fund hopes to acquire 10 per cent of the online messaging service for $US450 million, the paper writes quoting unnamed “people familiar with the plans”, which would value Twitter at […]