Indian death row prisoner Sarabjit Singh's lawyer will file a fresh mercy petition before Pakistan President Asif Ali Zardari on Wednesday in the wake of the Supreme Court dismissing his appeal against the capital punishment.Owais Sheikh, the new co ..
Prime Minister Manmohan Singh on Monday said the Union Budget 2009-10 is aimed at minimizing the "impact of the global recession" and achieving 8 to 9 per cent growth in the medium term.Describing the budget as rural-development-oriented, S ..
India Inc welcomed the focus on reviving economic growth to 9 per cent as also the indications for bold tax reforms, but expressed regret that the Minimum Alternate Tax was raised and Security Transaction Tax was let to continue."Finance Ministe ..
With a view to providing interim relief to small and marginal taxpayers and senior citizens, the budget 2009-10 has increased the personal income tax exemption limit by Rs 15,000 from Rs 2.25 lakh to Rs 2.40 lakh for senior citizens. Similarly it has ..
The budget has laid major emphasis on infrastructure development. The government proposes to ensure that IIFCL is given greater flexibility to aggressively fulfil its mandate.To ensure that infrastructure projects do not face financing difficulties a ..
The New Pension System (NPS) has become operational since 1st January, 2004 and is mandatory for all new recruits to the Central Government service from 1st January, 2004. Since then it has been opened up for employees of State Government, private se ..
A new direct tax code will be introduced in 45 days and bring changes in the indirect tax structures, Finance Minister Pranab Mukherjee Monday said while presenting the union budget for 2009-10 in the Lok Sabha Monday.Reiterating his commitment to ex ..
The Government abolished the Commodity Transaction Tax (CTT) that was announced in the Budget last year, but was yet to be implemented and the commodity exchanges rejoiced the decision.Finance Minister Pranab Mukherjee announced the scrapping of the ..
General Budget 2009-10The Finance Minister, Shri Pranab Mukherjee has proposed to abolish Fringe Benefit Tax on the value of certain fringe benefits provided by employers to their employees. This was announced by Shri Mukherjee, while presenting the ..
Finance Minister Pranab Mukherjee has presented Budget 2009-10 in Parliament.Beginning his Budget speech, Pranab first thanked the voters for reposing faith in the UPA government. Here are the Budget highlights even as it’s presented in Parliam ..
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