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Government Axes Import Tax on Some Smartphone Parts in Boost to Apple, Xiaomi
Finance Minister Nirmala Sitharaman announced the removal of import duties on key mobile phone components in the annual budget, boosting local production and benefiting firms like Apple and Xiaomi. India's electronics production has more than doubled in six years, making the country the world's second-largest mobile phone manufacturer.
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Finance Ministry Notifies Unified Pension Scheme For Government Employees
The Finance Ministry on Saturday notified the Unified Pension Scheme (UPS) which promises an assured pension of 50 per cent of the average basic pay drawn over the last 12 months prior to superannuation.
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Sony Announces Layer-2 Blockchain ‘Soneium’ in Collaboration with Startale Labs
Sony is working with Startale Labs to create a layer-2 blockchain called Soneium. A blog published on the official site of Soneium said this blockchain is being designed on the basics of ‘open Internet’ to encourage the creation of decentralised landscape for entertainment, gaming, and finance sectors among others.
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Nirmala Sitharaman Announces Cut In Customs Duty On Gold, Silver To 6%
Union Budget 2024: Finance Minister Nirmala Sitharaman on Tuesday proposed a reduction in basic customs duty on gold and silver to 6 per cent and platinum to 6.4 per cent.
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Budget 2023: TVs Made in India to Get Cheaper by Up to Rs. 3,000 After Tax Cuts on Imported Parts
Finance minister Nirmala Sitharaman, during her presentation of the Union Budget for 2023-24 on Wednesday, announced reduction in basic customs duty (BCD) on imported parts of TVs to 2.5 percent from five percent. Locally manufactured television sets could thus become cheaper by up to Rs 3,000
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Will The Cost Of Living Crisis Ease in 2023? Here's What This Report Says
The cost of living means the amount of money that a person needs to buy food, housing, and other basic things.
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Deposits In Jan Dhan Accounts Crosses Rs 1 Lakh Crore: Finance Ministry
Deposits in bank accounts opened under Jan Dhan scheme, launched about five years ago by the Modi-government, have crossed the Rs 1 lakh crore mark.
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Quota Bill Doesn't Violate Basic Structure Of Constitution: Arun Jaitley
Finance Minister Arun Jaitley on Friday said the 10 per cent reservation for economically weaker sections in government jobs and educational institutions does not contravene the basic structure of the Constitution and termed the move the single greatest recognition for the poor in the general category.
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"Terrorism An Enemy Of Basic Human Rights": Sushma Swaraj In China
External Affairs Minister Sushma Swaraj today said that terrorism is an enemy of the basic human rights and the fight against it should also identify States that encourage, support and finance the menace and provide sanctuary to terror groups.
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10 Key Changes In Income Tax Rules That Came Into Effect From April 1
In Budget 2018, among the other income tax changes proposed, a standard deduction of Rs 40,000 for the salaried class was introduced.
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Basic Salary Of MPs Doubled; Law For Revision Every Five Years
Parliamentarians have reason to cheer -- their basic pay is set to be doubled to Rs 1 lakh from April 1 this year.In the finance bill tabled on Thursday the government proposed that the basic pay of MPs be increased from the current Rs 50,000 to Rs 1 lakh.
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Government May Abolish Dividend Distribution Tax In Budget, Says EY
Finance Minister Arun Jaitley had said that basic rate of corporate tax in India is higher than rates prevalent in other major Asian economies.
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Import Duty Hike to Eliminate Unorganised Mobile, TV Players: Analysts
On November 15, the Finance Ministry increased the basic customs duty on a host of products, including electronic items like mobile phones and televisions, to curb surging imports.
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Aaykar Setu App Launched by FM Arun Jaitley to Help Pay Taxes, Apply for PAN, and More
The mobile app 'Aaykar Setu', launched by Finance Minister Arun Jaitley, literally means bridge for taxpayers and will be available in Android phones.
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Imported Mobiles to Become Costlier Due to New 10 Percent Customs Duty
The BCD of 10 percent will also be imposed on certain other electronic goods, the finance ministry statement said without specifying the items.
-
Government Axes Import Tax on Some Smartphone Parts in Boost to Apple, Xiaomi
Finance Minister Nirmala Sitharaman announced the removal of import duties on key mobile phone components in the annual budget, boosting local production and benefiting firms like Apple and Xiaomi. India's electronics production has more than doubled in six years, making the country the world's second-largest mobile phone manufacturer.
-
Finance Ministry Notifies Unified Pension Scheme For Government Employees
The Finance Ministry on Saturday notified the Unified Pension Scheme (UPS) which promises an assured pension of 50 per cent of the average basic pay drawn over the last 12 months prior to superannuation.
-
Sony Announces Layer-2 Blockchain ‘Soneium’ in Collaboration with Startale Labs
Sony is working with Startale Labs to create a layer-2 blockchain called Soneium. A blog published on the official site of Soneium said this blockchain is being designed on the basics of ‘open Internet’ to encourage the creation of decentralised landscape for entertainment, gaming, and finance sectors among others.
-
Nirmala Sitharaman Announces Cut In Customs Duty On Gold, Silver To 6%
Union Budget 2024: Finance Minister Nirmala Sitharaman on Tuesday proposed a reduction in basic customs duty on gold and silver to 6 per cent and platinum to 6.4 per cent.
-
Budget 2023: TVs Made in India to Get Cheaper by Up to Rs. 3,000 After Tax Cuts on Imported Parts
Finance minister Nirmala Sitharaman, during her presentation of the Union Budget for 2023-24 on Wednesday, announced reduction in basic customs duty (BCD) on imported parts of TVs to 2.5 percent from five percent. Locally manufactured television sets could thus become cheaper by up to Rs 3,000
-
Will The Cost Of Living Crisis Ease in 2023? Here's What This Report Says
The cost of living means the amount of money that a person needs to buy food, housing, and other basic things.
-
Deposits In Jan Dhan Accounts Crosses Rs 1 Lakh Crore: Finance Ministry
Deposits in bank accounts opened under Jan Dhan scheme, launched about five years ago by the Modi-government, have crossed the Rs 1 lakh crore mark.
-
Quota Bill Doesn't Violate Basic Structure Of Constitution: Arun Jaitley
Finance Minister Arun Jaitley on Friday said the 10 per cent reservation for economically weaker sections in government jobs and educational institutions does not contravene the basic structure of the Constitution and termed the move the single greatest recognition for the poor in the general category.
-
"Terrorism An Enemy Of Basic Human Rights": Sushma Swaraj In China
External Affairs Minister Sushma Swaraj today said that terrorism is an enemy of the basic human rights and the fight against it should also identify States that encourage, support and finance the menace and provide sanctuary to terror groups.
-
10 Key Changes In Income Tax Rules That Came Into Effect From April 1
In Budget 2018, among the other income tax changes proposed, a standard deduction of Rs 40,000 for the salaried class was introduced.
-
Basic Salary Of MPs Doubled; Law For Revision Every Five Years
Parliamentarians have reason to cheer -- their basic pay is set to be doubled to Rs 1 lakh from April 1 this year.In the finance bill tabled on Thursday the government proposed that the basic pay of MPs be increased from the current Rs 50,000 to Rs 1 lakh.
-
Government May Abolish Dividend Distribution Tax In Budget, Says EY
Finance Minister Arun Jaitley had said that basic rate of corporate tax in India is higher than rates prevalent in other major Asian economies.
-
Import Duty Hike to Eliminate Unorganised Mobile, TV Players: Analysts
On November 15, the Finance Ministry increased the basic customs duty on a host of products, including electronic items like mobile phones and televisions, to curb surging imports.
-
Aaykar Setu App Launched by FM Arun Jaitley to Help Pay Taxes, Apply for PAN, and More
The mobile app 'Aaykar Setu', launched by Finance Minister Arun Jaitley, literally means bridge for taxpayers and will be available in Android phones.
-
Imported Mobiles to Become Costlier Due to New 10 Percent Customs Duty
The BCD of 10 percent will also be imposed on certain other electronic goods, the finance ministry statement said without specifying the items.
