Others News

No Change in the Rate of Personal Income-Tax

28 February 2015 at 13:19

Surcharge @12% Levied on Individuals, HUFs, AOPs, BOIs, Artificial Juridical Persons, Firms, Cooperative Societies and Local Authorities Having Income Exceeding Rs 1 Crore The Union Finance Minister Shri Arun Jaitley in his Budget Speech in Lok Sabha

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Employees Under the Employees Provident Fund(Epf) to be Provided two Options

28 February 2015 at 13:18

The Union Finance Minister Shri Arun Jaitley has announced that with respect to Employees Provident Fund (EPF), the employee needs to be provided two options. Firstly, the employee may opt for EPF or the New Pension Scheme (NPS). Secondly, for employ

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Benefits to Middle Class Tax Payers in the Budget 2015-16

28 February 2015 at 13:18

Payments to the Beneficiaries Including Interest Payment on Deposit in Sukanya Samriddhi Scheme to be Fully Exempt The Union Minister of Finance Shri Arun Jaitley in his Budget Speech in Lok Sabha today proposed rationalization of various tax exempti

Posted in Others | 3 comments | 12330 Views

Cut in Repo Rate from 8.0 per cent to 7.75 per cent

27 February 2015 at 14:59

The Reserve Bank of India (RBI) has cut the Repo Rate recently. It has reduced the Repo Rate under the liquidity adjustment facility (LAF) by 25 basis points (bps) from 8.0 per cent to 7.75 per cent on January 15, 2015. With the introduction of Base

Posted in Others | 3 comments | 12711 Views

Economic Survey 2014-15 has been released

27 February 2015 at 13:33

Economic Survey 2014-15 has been released Detailed information can be accessed from the enclosed attachment

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A Growth Rate of over 8 Per Cent Expected for the Coming Year

27 February 2015 at 13:21

A Growth Rate of over 8 Per Cent Expected for the Coming Year A Double-Digit Economic Growth Trajectory is now a Possibility Such a Growth Could Help in Wiping Every Tear From Every Eye and Realizing Aspiration of Indias Youth

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Economic Survey 2014-15 Highlights

27 February 2015 at 12:45

Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: Inflation has declined by over 6 percentage points since late 2013. The current account deficit has declined from a

Posted in Others | 3 comments | 9330 Views

Highlights of the Railway Budget 2015-16

26 February 2015 at 15:37

Highlights of the Railway Budget 2015-16 Thrust: 1. IR to become prime mover of economy once again2 Resource Mobilization for higher Investments3. Decongestion of heavy haul routes and speeding up of trains: emphasis on gauge conversion, doubling, tr

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Summary of Railway Budget 2015-16

26 February 2015 at 15:36

No hike in Railway Passenger Fares Plan Outlay proposed Rs. 1,00,011 crore, increased by 52% Allocation for passenger amenities up by 67% Railways to become prime mover of Indian Economy, Five years action plan proposed

Posted in Others | 2 comments | 21315 Views

State share of union tax revenues raised to 42 percent

25 February 2015 at 10:26

14th Finance Commission (FFC) Report Tabled in Parliament; FFC Recommends by Majority Decision that the States Share in the Net Proceeds of the Union Tax Revenues be Raised to 42% Which is a Huge Jump from the 32% Recommended by the 13th Finan

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