New Delhi: With Mysuru known as the cultural capital of Karnataka and also for its rich heritage, the State’s Kannada and Culture Minister C.T. Ravi has appealed the Union Government to set up an Indian Heritage Conservation Varsity declared in this year’s Union Budget, at Mysuru. Ravi, who met Union Finance Minister Nirmala Sitharaman at…
New Delhi: Finance Minister Nirmala Sitharaman has said that debit card holders who withdraw cash from any bank’s ATM can do it free of charge for the next three months to promote digital financial transactions at the time of coronavirus pandemic. “ …so you may have a debit card from a bank, a particular bank,…
Mysore/Mysuru: Hundreds of harried Yes Bank depositors rushed to ATMs in city to withdraw cash but faced multitude of problems including closed down machines and long queues, after the RBI placed the bank under a moratorium, capping maximum withdrawals at Rs. 50,000 per account for a month. Aggravating the problems of depositors were difficulties accessing…
10% for income between Rs. 5 lakh and Rs. 7.5 lakh against 20% 15% for income between Rs. 7.5 lakh and Rs. 10 lakh against 20% 20% for income between Rs. 10 lakh and Rs. 12.5 lakh against 30% 25% for income between Rs. 12.5 lakh and Rs. 15 lakh against 30% Government to sell…
Dividend Distribution Tax for companies abolished New Delhi: Union Finance Minister Nirmala Sitharaman sought to assure the people that schedule commercial banks and depositors money is absolutely safe and that a robust mechanism is in place to monitor them. The assurance comes at a time when depositors, especially senior citizens, are worried about the fate…
Tracing the journey of India’s traditional ledger wrapped in red cloth New Delhi: As the nation awaits Finance Minister (FM) Nirmala Sitharaman’s second Union Budget presentation on Saturday, the “Bahi Khata”, which appeared for the first time in 2019 Budget Session, popped up again replacing the standard Budget briefcase. In 2019, Finance Minister Sitharaman ditched…
Union Budget to be presented tomorrow • Session to be held in two phases • First phase from Jan. 31 to Feb. 11 • Second phase from Mar. 2 to Apr. 3 New Delhi: The Budget Session of the Parliament began today with the Union Budget to be presented tomorrow. The budget session will be…
Washington: As part of its goal to become a USD 5 trillion economy by 2024, India plans to spend USD 1.4 trillion (Rs. 99.52 lakh crore) on its infrastructure in the next five years, Union Finance Minister (FM) Nirmala Sitharaman said. Addressing the annual meeting of the International Monetary Fund (IMF) in Washington on Saturday,…
New Delhi: As a Deepavali gift, Finance Minister Nirmala Sitharaman this morning slashed Corporate Tax rates for domestic firms from 30% to 22% and for new manufacturing companies from 25% to 15% to boost economic growth. The move brings India’s Corporate Tax rate on par with East Asian countries, the Minister said about the Government’s…
Finance Minister Nirmala Sitharaman yesterday announced the merger of 10 public sector Banks into four entities. The first merger, that of Punjab National Bank, Oriental Bank of Commerce and United Bank will create a super-bank named Punjab National Bank. This will be the second-largest public sector Bank in India, after the State Bank of India….
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