Government may double income tax exemption
limit from Rs 2.5 lakh to Rs 5 lakh
New Delhi: Finance
Minister may double the income tax exemption threshold from the present Rs 2.5
lakh to Rs 5 lakh, for the salaried class, sources told Zee Media.
Currently, income
up to Rs 2.5 lakh is exempt from personal income tax. Income between Rs 2.5-5
lakh attracts 5 percent tax , while that between Rs 5-10 lakh is levied with 20
percent tax. Income above Rs 10 lakh is taxed at 30 percent. Rs 5 lakh
exemption is only applicable to individuals of over 80 years.
Sources told Zee
Media that the decision has been taken to bring parity between tax payers after
the government's decision to implement 10 percent reservation in jobs and
educational institutions for the economically backward section in the general
category.
Indian Army plans to buy over 3,000 anti-tank
guided missiles from France
NEW DELHI: In an
apparent effort to bolster its infantry units against the tank regiments of the
enemy nations, the Indian Army is planning to buy more than 3,000 Milan 2T
anti-tank guided missiles from France.
It is expected that
the deal would be worth over Rs 1,000 crore.
"An Army
proposal in this regard would come up for discussion at a high-level meeting of
the Defence Ministry for buying more than 3,000 of the second-generation Milan
2T ATGMs which are license-produced by the Bharat Dynamics Limited (BDL) in
partnership with a French firm," sources in the Defence Ministry told ANI.
Kumbh Mela 2019: Meet 'Machaan wale baba' who
interacts, greets everyone from machaan
Prayagraj: Uttar
Pradesh's Prayagraj is all decked up witnessing one of the largest human
gatherings on the occasion of Kumbh Mela. Among the new attractions this year,
Shri mahant Ram Krishna Das Tyagi ji Maharaj also known as 'Machaan wale baba'
has caught everyone's attention in the Mela. Machaan baba is doing practising
(sadhna) since 1975 which has made him in minimum contact with the ground.
Speaking to news
agency ANI, the baba said that he interacts and greets everyone from the
machaan only. His pandal in Kumbh provides 24-hour service to nearly 5,000
visitors daily which is free of cost and open for all.
BMW all-new X4 launched in India at Rs 65.9
lakh
New Delhi: German
luxury carmaker BMW Monday launched its new X4, a sports activity coupe, in
India priced up to Rs 65.9 lakh (ex-showroom).
Locally produced at
BMW Group Plant Chennai, the all-new BMW X4 will be available in diesel and
petrol variants at all BMW dealerships across India from today onwards.
The all-new BMW X4
is available in two diesel variants – the BMW X4 xDrive20d M Sport X and the
BMW X4 xDrive30d M Sport X and in one petrol variant – the BMW X4 xDrive30i M
Sport X, all of which are locally produced.
Source:
http://zeenews.india.com/automobile/bmw-launches-all-new-x4-in-india-at-rs-65-9-lakh-2172639.html
IND vs NZ ODI Series
Preview: Black Caps, a formidable team with heavy batting arsenal and lethal
pace attack
After
scripting history by registering their maiden ODI series win against Australia
in their backyard, Virat Kohli- led Men in Blue set sail across the
Trans-Tasman sea to lock horns with New Zealand in a 5-match ODI series. The
first of the five match ODIs shall be a day night encounter played at the
picturesque McLean Park in Napier on Wednesday.
The
high octane series can be billed as nothing short of the clash of the ODI
heavyweights as both the teams have been formidable units in white ball cricket
since the 2015 World Cup and their impressive records in the shorter format of
the game are testimony to the same.
India to be global
growth leader in 2019-20: IMF
United Nations: The
International Monetary Fund's (IMF) World Economic Outlook Update released by
chief economist Gita Gopinath on Monday said that India's economy is expected
to grow by 7.5 per cent in the 2019-20 fiscal year, keeping an upward
trajectory as the rest of the world slumps.
India will continue
to be the world's fastest growing major economy, the report said.
The IMF's flagship
report said that India's growth was estimated to be 7.3 per cent for the
current fiscal year and forecast to rise to 7.7 per cent in 2020-21.
"India's economy is poised to pick up in 2019, benefiting from lower oil
prices and a slower pace of monetary tightening than previously expected, as
inflation pressures ease," the report said.
"India's economy is poised to pick up in 2019, benefiting from lower oil prices and a slower pace of monetary tightening than previously expected, as inflation pressures ease," the report said.
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