According to the report by New World Wealth, India has been ranked among the 10 wealthiest countries globally with total individual wealth of USD 5,200 billion, but this is largely owing to its large population.
New service tax effective from 1st June
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During the recent budget presentation, the central government had increased the Service Tax from 12.36 percent to 14 percent.
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 46.53 per barrel (bbl) on 30.05.2016.
The CBDT (Central Board of Direct Taxes) has introduced a new form (Form 12 BB) for claiming tax deduction towards LTA, LTC, HRA & interest paid for home loans.
56 Indian Companies in Forbes 2000 list
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Forbes has released the list of the top 2000 companies in the world, under the title, Global 2000.
The United Nations has issued a warning to India, which will be affected most as the prices of food items continue to increase in the international market.
Now, Ola Lux available in Mumbai
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Taxi aggregator Ola has now introduced a luxury service called Ola Lux in Mumbai.
US H1B visa fee increased
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According to Consolidated Appropriations Act, 2016 which came in to force from December 2015, Indian IT companies have to pay 4000 dollars (Rs 2, 68,000) for each H1B visa.
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 46.74 per barrel (bbl) on 25.05.2016.
At a time when the Central Government has been actively engaged in improving the banking facilities in villages, the Reserve Bank of India has mentioned with discontent that one-third of ATMs is not functioning.
