7th Pay Commission on allowances: Maximum monthly HRA hiked by 176% to Rs 75,000

7th Pay Commission on allowances: Maximum monthly HRA hiked by 176% to Rs 75,000

Lower level employees will get HRA hike of up to 157 percent from their July month salaries as against 122 percent for higher level employees. But when DA will cross 50% then higher level employees will receive 176 percent hike as against 157 percent hike for lower level employees. New Delhi: More than 7.5 lakh […]

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Demonetisation: RBI restricts withdrawal from Jan Dhan accounts up to Rs 10,000 per month

Demonetisation: RBI restricts withdrawal from Jan Dhan accounts up to Rs 10,000 per month

New Delhi: In a bid to check the misuse of Jan Dhan accounts by black money hoarders, Reserve Bank of India (RBI) has restricted the withdrawal from such accounts to Rs 10,000 per month. Fully KYC-complaint Jan Dhan account holders will be allowed to withdraw Rs 10,000 per month from their account, while limited or […]

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Budget is ‘sanjeevani’ for moribund economy: PM

New Delhi: Describing the general Budget as a ‘sanjeevani’ (new life) to the “moribund economy”, Prime Minister Narendra Modi on Thursday said it converts hopes and aspirations of the people into trust and is in line with his government’s endeavour to bring India out of crisis.“This Budget is a new ray of hope for the […]

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Budget 2014-15 OVERVIEW: Tax exemption limit increased to Rs 2.5 lakh; PPF deposit limit hiked

New Delhi: Bringing cheer to individual taxpayers, Finance Minister Arun Jaitley in his maiden Union Budget 2014-15 in Parliament on Thursday, raised personal tax exemption limit to Rs 2.5 lakh from the current Rs 2 lakh. Income tax exemption limit for senior citizens has been raised to Rs 3 lakh.The Investment limit under Section 80C has […]

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Budget 2014 Live: PPF annual ceiling goes up to Rs 1.5 lakh; Ganga cleaning to get Rs 2037 cr.

When Arun Jaitley reads out his annual Union Budget today, it could well be the constructive road map the NDA government lays out to bring the “Acchhe din” it has promised the nation. When Arun Jaitley reads out his annual Union Budget today, it could well be the constructive road map the NDA government lays […]

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Union Budget 2014-15, To overhaul subsidy regime; no retrospective tax, says FM Arun Jaitley

New Delhi: Presenting his maiden Union Budget 2014-15 in Parliament on Thursday, Finance Minister Arun Jaitley said that his predecessors have left a very daunting target of meeting the fiscal deficit. However, the BJP government will take this as a challenge and meet the fiscal deficit target of 4.1 percent of GDP, he added.Delivering his […]

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Amit Shah, Narendra Modi’s Man Friday, is new BJP chief

New Delhi: The Bharatiya Janata Party’s parliamentary board on Wednesday approved the elevation of Amit Shah – Prime Minister Narendra Modi’s close aide and general secretary – as national president of the party. The announcement to this regard was made by outgoing BJP president and Union Home Minister Rajnath Singh at a press conference here. Also present […]

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