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Government announces digital literacy drive in rural India

New Delhi, Feb 29 (IANS) The government would soon launch two novel schemes to spread digital literacy in rural India for deriving greater benefit from demographic advantage, Finance Minister Arun Jaitley said here on Monday….



Government turning tax payer friendly

New Delhi, Feb 29 (IANS) Terming tax disputes as a scourge of tax-friendly regime, Finance Minister Arun Jaitley, presenting the budget for 2016-17 on Monday, unveiled a new dispute resolution mechanism to minimise litigation. He…




Luxury cars to become costlier

New Delhi, Feb 29 (IANS) Union Finance Minister Arun Jaitley here on Monday announced that an additional 1 percent tax will be imposed on cars valued at above Rs.10 lakh. “I also propose to collect…




OPEC daily basket price closes higher

Vienna, Feb 29 (IANS/WAM) The price of OPEC’s basket of thirteen crudes stood at $30.74 a barrel on Friday, compared with $29.19 on Thursday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes…


Small relief to individual tax payers

New Delhi, Feb 29 (IANS) Union Finance Minister Arun Jaitley on Monday gave a small relief of Rs.3,000 to individuals having an annual income of less than Rs.500,000. Presenting the budget for 2016-17, Jaitley said…




Union Budget disappoints equity markets

Mumbai, Feb 29 (IANS) Union Budget announcements, combined with negative Asian cues, and a dip in the rupee value depressed the Indian equity markets during the mid-afternoon trade session on Monday. Consequently, the barometer 30-scrip…


Gadkari terms budget ‘historic’

New Delhi: Union Road Transport, Highways and Shipping Minister Nitin Gadkari addresses a press conference in New Delhi, on Sep 22, 2015. (Photo: IANS) New Delhi, Feb 29 (IANS) Union Minister of Road Transport and…





Budget Highlights-12 Last

* To reduce multiplicity of taxes and cascading, 13 taxes with collections of less than Rs.50 crore a year abolished Income tax deptartment will expand e-sahyog to assist small taxpayers Scope of e-assessment to be…