Indian economy grew by 8.8 pc in April-June
The economy grew by an impressive 8.8 per cent during the quarter ended June on the back of robust manufacturing growth. However, certain sectors like financial services restrained growth in the economy, which had recorded six per cent growth rate in April-June 2009-10.
Agriculture and allied activities grew by 2.8 per cent, higher than 1.9 per cent in the year-ago period, but it is nowhere near the target of four per cent pegged by the Government in the medium term.
How the Direct Tax Code will affect you
Is today a taxing Monday? The Direct Tax Code (DTC) bill has been introduced in Parliament on Monday. If you wonder whether that concerns you, then yes, as effective from April 1, 2012, it is likely to replace the Income-tax Act of 1961 under which you currently pay tax.
DTC Bill tabled in Lok Sabha
The Government today tabled the much-awaited Direct Taxes Code bill (DTC) in the Lok Sabha which proposed to raise the exemption limit on income tax from the current Rs 1.6 lakh to Rs. 2 lakh.
The bill, introduced by Finance Minister Pranab Mukherjee, seeks to widen income tax slabs to levy 10 per cent rate on income between Rs. 2 lakh to 5 lakh, 20 per cent on between Rs. 5-10 lakh and 30 per cent above Rs. 10 lakh.
BlackBerry gives in, agrees to monitoring of its services
Canada-based Research in Motion (RIM), makers of BlackBerry, on Monday gave certain proposals for lawful access to its services by India’s security agencies, sources in the Home Ministry said.
N Korea willing for early resumption of nuke talks
North Korea is willing to return to the negotiating table for early resumption of international talks on its controversial nuclear programme, the country’s reclusive leader Kim Jong Il told Chinese President Hu Jintao.
Sensex posts worst weekly loss in 3 months
The BSE benchmark Sensex logged their biggest weekly loss in three months to close 1.3 per cent lower on Friday, as investors were sceptical ahead of US Federal Reserve Chairman Ben Bernanke’s speech, which is likely to signal his views about the prospects for the world’s largest economy.
Shashi Tharoor marries Sunanda Pushkar
The former Union Minister, Shashi Tharoor, and Sunanda Pushkar tied the knot in a traditional Kerala-style wedding ceremony at Mr. Tharoor’s ancestral house at Elavanchery in Palakkad district on Sunday morning.
Seven dead in Manila bus hostage crisis
Seven people were killed on Monday in the Philippines when a sacked police officer seized a tourist bus and opened fire at his hostages before he was killed by police.
Six of the dead were Chinese passengers held for more than 10 hours inside the air-conditioned bus in a seaside park in Manila City, according to doctors at two hospitals where they were brought.