Government announces digital literacy drive in rural India

New Delhi, Feb 29 : The government would soon launch two novel schemes to spread digital literacy in rural India for deriving greater benefit from demographic advantage, Finance Minister Arun Jaitley said here on Monday. “We now plan to launch a new digital literacy mission scheme for rural India to cover six-crore additional households within […]

Budget disappoints markets, Sensex down 126 points

Mumbai, Feb 29 : Union Budget announcements, combined with negative global cues and a dip in the rupee value, depressed the Indian equity markets on Monday. Consequently, the barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) provisionally ended the day’s trade in the red. Similarly, the wider 50-scrip Nifty of the National […]

Jaitley announces slew of measures for rural development

New Delhi, Feb 29 : Unveiling the union budget for 2016-17 on Monday, Finance Minister Arun Jaitley announced a string of measures for the development of rural areas. “A sum of Rs.2.87 lakh crore will be given as grant in aid to Gram Panchayats and municipalities as per the recommendations of the 14th Finance Commission. […]

Government turning tax payer friendly

New Delhi, Feb 29 : Terming tax disputes as a scourge of tax-friendly regime, Finance Minister Arun Jaitley, presenting the budget for 2016-17 on Monday, unveiled a new dispute resolution mechanism to minimise litigation. He also said that Income Tax officials will be responsible for higher interest payout if there was a delay in implementing […]

Government turning tax-payer friendly

New Delhi, Feb 29 : Terming tax disputes as a scourge of tax-friendly regime, Finance Minister Arun Jaitley, presenting the Union Budget for 2016-17, on Monday unveiled a new dispute resolution mechanism to minimise litigation. He also said Income Tax officials will be responsible for higher interest payout if there is a delay in implementing […]