Budget 2017-18: Focus on rural sector, farmers and small industries

Finance Minister Arun Jaitley Wednesday presented. He said that India was a bright spot in the current economic landscape. Government to spend 21.47 lakh crore in 2017-18. Govt. decides to reduce burden of tax on honest taxpayers; reduces tax rate with income between 2.5 lakh to 5 lakh from 10% to 5%; 10% surcharge for... Read More

December 28, 2016

Four years jail, fine for keeping old notes worth over Rs 10,000

Union Cabinet Wednesday approved ordinance related to demonetisation of old 500 and 1000 rupee notes. After 31st March 2017, possession of the demonetised notes beyond a specified amount to attract a monetary fine. Currency notes across the world carry their Central Banks’ promise to pay the bearer the amount of the value of the note... Read More

December 27, 2016

Govt cancells foreign funding permissions of 20,000 NGOs

Government has canceled the licenses of around 20,000 NGOs for violating the Foreign Contribution Regulation Act (FCRA) provisions. This means that these NGOs will be barred from receiving foreign funds. Now there are only 13,000 NGOs in the country are legally valid to receive foreign funds. The cancellation of the FCRA licenses of the NGOs... Read More

December 26, 2016

Nuclear capable Agni-5 with a range of 5,000 kms testfired successfully

India test-fired its longest range indigenously developed surface-to-surface nuclear ballistic missile ‘Agni-5’ from the Abdul Kalam Island off the coast of Odisha on Monday. The indigenously-developed missile, Agni-5, is capable of striking a target more than 5,000 km away. It is about 17-metres long, 2-metres wide and has a launch weight of around 50 tonnes.... Read More

November 8, 2016

Govt discontinues Rs. 500, Rs. 1000 notes from midnight

In a surprising development, Prime Minister Narendra Modi has announced discontinuation Rs. 500 and Rs. 1000 notes from tonight. Read More

November 5, 2016

Difficult to form government in UP without allies: Mulayam

Samajwadi Party Supremo Mulayam Singh Yadav Saturday said that it would be difficult for the party to form a government in UP in 2017 without having partners. Mulayam also praised Akhilesh Yadav’s work as Chief Minister on the occassion of celebrations of 25th year of the party’s foundation. The SP is projecting the event as... Read More

November 4, 2016

GST council fails to break deadlock on dual control

An important meeting of GST council comprising the centre and the states on Friday has failed on to agree on the crucial issue of ' ual control' to divide the administrative, auditing and assessing powers between the centre and state governments. Read More

November 3, 2016

GST council adopts 4 tier tax slab; lowest 5%, highest 28%

There will be two standard rates of 12 and 18%. Finance Minister said that the preparation for GRT roll out is as per schedule. Read More

November 2, 2016

Need to reflect on Emergency so that no leader dares to repeat it: PM

PM Modi urged the young generation to keep reflecting on the emergency period in an unbiased manner so that no future politician can even wish to commit the same sin. Read More