On a day the rupee hit a new lifetime low, plunging below Rs 65 to the dollar, Finance Minister P. Chidambaram said pessimism about the economy was “excessive and unwarranted” and RBI Governor D. Subbarao was confident the central bank has enough foreign exchange reserves to deal with the declining currency and the widening current […]
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In our opinion, the deteriorating rupee value is causing more and more alarming to the nation’s economy. Therefore it is advisable to take stringent steps to reduce the gap between the Imports and Exports. It is possible with regulating the usage of imported products and encouraging the Exports. Majority of imports are unproductive expenditure like […]
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The Cabinet on Thursday deferred the much-awaited Direct Taxes Code (DTC) Bill, presumably because a proposal to levy a super-rich tax on those earning above Rs 10 crore yearly did not find favor with some senior officials. Planning Commission officials, apparently, took up with Prime Minister Manmohan Singh the proposal to impose the super-rich tax, […]
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The Union Cabinet has ‘postponed’ considering official amendments to the Direct Taxes Code (DTC). With this, there is little chance of bringing the code back to Parliament for consideration and passage during the ongoing session. Although no official reason was given for the postponement, Government sources said the Prime Minister’s Office had raised some questions, […]
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In our opinion, the new Direct Taxes Code is not going to serve the purpose additionally than the existing Income Tax Act. Except creating confusion. It is better if some unwarranted, ambiguity provisions, of the existing Income Tax Act.1961 may be deleted, modified. There are ample provisions to cover many types of situations of ‘RIGHT […]
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Every student has to know the following minimum IT related software’s during the period of education itself. The student should have education, training and experience before attending first interview for job: MS Office 2007 version. Internet concepts – latest version – at least 8 version. Account versions – 9.0 ERP Tally. Typing skills – at […]
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“We have emphasised that the time available now should be used with alacrity to institute structural measures to bring the current account deficit (CAD) down to sustainable levels,” he said. CAD had been well above the sustainable level of 2.5 per cent of GDP (gross domestic product) for three years in a row, he pointed […]
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Leaders from Coastal Andhra have been voicing several concerns over the post-division scenario Hyderabad as the shared capital makes sense for both Telanganaand Coastal Andhra, but revenues remain a major concern for the latter. Leaders from Coastal Andhra have been voicing several concerns over the post-division scenario. The down side of the creation of Telangana: Coastal Andhra was […]
Read MoreFocus now shifts to Congress Working Committee meeting where a final decision will be made The ruling United Progressive Alliance (UPA) on Tuesday unanimously endorsed the creation of a separate state of Telangana. “The UPA unanimously decided in favour of Telangana,” RLD leader Ajit Singh told reporters after a meeting of the constituents of the ruling […]
Read MoreNews story World leaders sign global agreement to help beat hunger and malnutrition Department for International Development (https://www.gov.uk /government/organisations/department-for-international-development)+ 1 other 8 June 2013 Reducing hunger and malnutrition in developing countries (https://www.gov.uk /government/policies/reducing-hunger-and-malnutrition-in-developing-countries) UK Presidency of G8 2013 (https://www.gov.uk/government/topical-events /g8-2013) The Rt Hon David Cameron MP (https://www.gov.uk/government/people/davidcameron) and The Rt Hon Justine Greening MP (https://www.gov.uk/government […]
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