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Modified DTC Bill to be tabled. Will IT exemption go up - to 3 Lakhs?

The government is to come up with a modified Direct Taxes Code (DTC) Bill after incorporating the suggestions of the Standing Committee on Finance. One of the major suggestions is the raising of the annual income tax exemption limit to Rs. 3 lakh.This was announced by Shri Parthasarathi Shome, Advisor to the Finance Minister. He told that the Ministry is studying into the DTC Bill and working on   .... read more...
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Repo rate cut : Home loans and auto loans to be cheaper

The Reserve Bank of India (RBI) cutting the repo rate by 25 basis points to 7.25%. With this home loans and auto loans are going to be cheaper. The rate cut will benefit the banking sector and this may in turn translate into a lowering of the EMI burden currently borne by home and auto loan borrowers. It is widely expected that banks will actually go ahead and reduce the Base  ate, which .... read more...
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Revision of pension of pre-2006 pensioners

It has been decided that the pension of pre-2006 pensioners as revised w.e.f. 1.1.2006 in terms of para 4.1 or para 4.2 of the aforesaid OM dated 1.9.2008. as amended from time to time, would be further stepped up to 50% of the sum of minimum of pay in the pay band and the grade pay corresponding to the pre-revised pay scale from which the pensioner had retired, as arrived at with reference to the fitment tables annexed to the Ministry of Finance. Departm ... Read more...
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Full Video : Republic Day Parade 2013

http://www.staffcorner.com/view.html?id=417001 President of India, Shri Pranab Mukherjee's Address to the Nation www.staffcorner.com ------------------------------------------------------------------------------------------------------------- http://www.staffcorner.com/view.html?id=0396007 Full Video : Republic Day Parade 2013 www.staffcorner.com
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Aadhar made compulsory for PF accounts. Existing users to get time

The government had earlier made Aadhaar letter issued by Unique Identification  Authority of India, admissible as proof of address The  The new requirement will come into effect from 1st March, 2013.  The existing 5 crore provident fund subscribers ... Read more...
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