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Taxpayers want inflation to be factored in for IT exemption: Assocham

Posted on : May 30, 2014

Taxpayers want the IT-exemption limit be fixed keeping in view the price rise in the last five years and the taxation rules for salaried employees be simplified in the upcoming budget, a survey report said.

Real estate and gold now absorb two-third of all household savings

Posted on : May 30, 2014

Such a low ratio of financial to physical savings was last seen in late 1960s in the run-up to bank nationalisation

FY14 GDP growth at 4.7%; India sees worst slowdown in 25 years

Posted on : May 30, 2014

While the agricultural sector exhibited a growth rate of 6.3% versus 3.6% QoQ, the manufacturing sector grew at 1.4% versus -1.9% QoQ.

Form ministerial panel for Meghalaya optical fibre project: DoT

Posted on : May 30, 2014

To improve telecom connectivity in the North-East region, Department of Telecom has proposed forming an inter-ministerial panel to expedite work on laying of optical fibre along the Shillong-Tura electric power line.

Punjab government to give direct subsidy to farmers for buying farm equipments

Posted on : May 30, 2014

Punjab government has launched a special scheme to release direct subsidy to farmers, allowing them to purchase agricultural and horticultural implements.