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Expect positives of demonetisation by April: Shaktikanta Das
454 Views, 28-02-2017, Courtsey News Live

: The positive impact of the Narendra Modi government’s move to demonetise Rs 500 and Rs 1,000 notes could be felt from April this year. Announcing this in New Delhi today, Economic Affairs Secretary Shaktikanta Das said the benefits of demonetisation will be very positive. The states and the...Read more

Tax-free gratuity limit hiked to Rs 20 lakh
517 Views, 25-02-2017, Courtsey News Live

: Central trade unions have agreed a proposal that will enable formal sector workers to be eligible for up to Rs 20 lakh tax-free gratuity. The decision was arrived at a tripartite consultation with the Labour Ministry.  The central trade unions have agreed on doubling gratuity amount ceiling ...Read more

Now, EPFO to launch housing scheme in March
113 Views, 24-02-2017, Courtsey News Live

: The Employees’ Provident Fund Organisation (EPFO) will in March launch a housing scheme for members enrolled under it, enabling them to make down payment and pay EMIs from their EPF accounts to buy homes. "The Employees\’ Provident Fund Organisation (EPFO) has firmed up a housing...Read more

After Jio dents profits, Airtel acquires Telenor India to reclaim top spot
356 Views, 23-02-2017, Courtsey News Live

: India\’s largest telecom service provider Bharti Airtel has acquired Norwegian telecom operator Telenor\’s India operations in a bid to hold onto its number one position following the dent made on its business by Reliance Jio. The move comes in the wake of Jio crossing the 100 million...Read more

No plans to introduce new Rs 1,000 notes: Govt
140 Views, 22-02-2017, Courtsey News Live

: The central government has no plans to introduce new Rs 1,000 notes. This was announced by Economic Affairs secretary Shaktikanta Das today. "No plans to introduce Rs 1000 notes. Focus is on production and supply of Rs 500 and lower denomination notes," he tweeted amid reports in sectio...Read more

Now, Jio ties up with Uber
347 Views, 20-02-2017, Courtsey News Live

: In what could mean something exciting for Jio users and those availing Uber cab service, the two entities have reportedly entered into a strategic partnership that is aimed at bringing the benefits of Jio to Uber users. Both Jio and Uber are now likely to explore ways and means to “enrich a...Read more

Online EPF withdrawal, pension fixation by May: Reports
530 Views, 19-02-2017, Courtsey News Live

: The stress laid on digital transactions by Prime Minister Narendra Modi might give employees another reason to cheer. The Employees’ Provident Fund Organization (EPFO) is likely to introduce online facility for settlement of claims, including EPF withdrawal, by May this year. The new measur...Read more

GST Council clears draft Compensation Bill
150 Views, 18-02-2017, Courtsey News Live

: The Finance Ministry went one step closer to implementing the goods and services tax from July 1 after the Arun Jaitley-led GST council met today and approved the Draft Compensation Bill. The GST Council in its tenth huddle also cleared the final drafting of the anti-profiteering clause to ensure...Read more

#Demonetisation: Ignoring IT query could cost you dearly
167 Views, 17-02-2017, Courtsey News Live

: The Income Tax department has send notices to nearly 18 lakh people over deposits made in their respective bank accounts post demonetisation. The IT department has sought a reply from these 18 lakh account holders and only nine lakh people have replied to queries raised by taxmen.  The depar...Read more