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News at a Glance

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Income tax return filing gets easier ...........................................................................................................................
Aiming to improve transparency and compliance, the government has introduced many modifications in filing income tax returns.
Posted On : 19/Jul/2014 11:53:18 AM	View More & Comment (2481)

Farmers/agriculturists having an account in State Bank of India will have sms facility on agricultural news! ...........................................................................................................................
State Bank of India is all set to introduce a new facility for sending sms (short message services) about agricultural news to all farmers/agriculturists who have savings or other accounts with them.
Posted On : 18/Jul/2014 5:48:12 PM	View More & Comment (2999)

New Rs. 20/- currency notes to be released shortly! ...........................................................................................................................
Reserve Bank of India is all set to release new Rs. 20/- currency notes shortly. This note will resemble the Mahatma Gandhi-2005 E series.
Posted On : 18/Jul/2014 4:58:31 PM	View More & Comment (3237)

Implementation of minimum PF monthly pension of Rs. 1000/-: Government exploring the possibilities with retrospective effect! ...........................................................................................................................
The minimum monthly PF pension has been raised to Rs. 1000/-. Central government is exploring the possibilities of implanting this with a retrospective effect.
Posted On : 18/Jul/2014 4:55:32 PM	View More & Comment (2350)

DA quotient rises by 7% for Central Government Employees ...........................................................................................................................
There has been a trend to raise the DA quotient during January & July every year.
Posted On : 14/Jul/2014 2:36:25 PM	View More & Comment (2006)

Minimum PF monthly pension fixed at Rs. 1000/- ...........................................................................................................................
The latest budget has confirmed that for all employees under the Provident Fund Scheme, the minimum PF monthly pension will be fixed at Rs. 1000/-.
Posted On : 11/Jul/2014 3:15:34 PM	View More & Comment (2841)

Reserve Bank to change lending for infrastructure projects ...........................................................................................................................
Reserve Bank of India Governor Raghuram Rajan noted the RBI would "shortly" issue circulars regarding banks lending for infrastructure projects.
Posted On : 11/Jul/2014 10:54:34 AM	View More & Comment (1991)

Cooking Gas Subsidy to be cancelled for higher income-group families? Central Government explores! ...........................................................................................................................
Central Government is exploring the possibility of cancelling the subsidy for cooking gas for the higher income groups. This means that the higher income group may have to pay for the cylinder in full without any subsidy.
Posted On : 08/Jul/2014 2:38:15 PM	View More & Comment (2842)

Income-tax payers PAN Account holders to receive information on SMS from IT offices! ...........................................................................................................................
The Central Government’s Direct Taxes Department has been taking various steps for the benefit of the tax payers.
Posted On : 07/Jul/2014 3:36:14 PM	View More & Comment (2746)

Change in cooking gas price before October: Dharmendra Pradhan ...........................................................................................................................
Central Minister for Petroleum, Mr. Dharmendra Pradhan informed that the price of cooking gas might be increased before October.
Posted On : 07/Jul/2014 2:28:11 PM	View More & Comment (2305)

Prospects of reduction in Import Duty for Gold! ...........................................................................................................................
The Bank of Merryl Lynch Brokerage Agency has indicated that there are possibilities of reduction in import duty of gold by 2%.
Posted On : 07/Jul/2014 2:17:01 PM	View More & Comment (1781)

SpiceJet to resume Dubai-Mumbai- Madurai flights ...........................................................................................................................
SpiceJet is resuming its daily flight services on the Dubai-Mumbai and Dubai-Madurai routes from July 21.
Posted On : 05/Jul/2014 11:48:34 AM	View More & Comment (5176)

Kerosene price to be hiked by Rs 4 a litre and cooking gas (LPG) rates by Rs 250 per cylinder ...........................................................................................................................
The Cabinet Committee on Political Affairs (CCPA) will be moved by the Oil Ministry soon with an expert panel recommendations of raising kerosene price by Rs 4 a litre and cooking gas (LPG) rates by Rs 250 per cylinder.
Posted On : 05/Jul/2014 11:13:52 AM	View More & Comment (1992)

Hoarding of food items reason for price rise! – Arun Jaitley information! ...........................................................................................................................
The Central Government Finance Minister asserted that the state government should take stern action against those who hoard food items.
Posted On : 04/Jul/2014 3:02:55 PM	View More & Comment (2121)

Vijaya Bank reduced rates on deposits ...........................................................................................................................
Vijaya Bank has reduced the interest rates on domestic term deposits of Rs.1 crore and above, with a view to bringing down the cost of deposits.
Posted On : 04/Jul/2014 9:53:23 AM	View More & Comment (1520)

Reserve Bank of India releases divine coins- High demand ...........................................................................................................................
Reserve Bank of India has released two commemorative coins in tribute of divine personalities.
Posted On : 03/Jul/2014 11:50:58 AM	View More & Comment (2555)

LPG hike on hold ...........................................................................................................................
Central Government of India on Wednesday decided to defer revising the retail prices of domestic LPG and public distribution kerosene.
Posted On : 03/Jul/2014 11:31:13 AM	View More & Comment (1946)

Tax exemption limit under 80C to be doubled in the Budget 2014 ...........................................................................................................................
The Budget for 2014-15 will be presented by Finance Minister Arun Jaitley in the Lok Sabha on July 10.
Posted On : 02/Jul/2014 10:53:49 AM	View More & Comment (1807)

EPFO on Monday launched online registration facility for employers ...........................................................................................................................
EPFO on Monday launched online registration facility for employers, a move that will help firms get employers’ code within a day.
Posted On : 01/Jul/2014 11:02:25 AM	View More & Comment (1569)

RBI will remain open on July 1 ...........................................................................................................................
The Reserve Bank of India will be remain open on July 1, during its annual closing of accounts, to facilitate settlement of market and public transactions.
Posted On : 29/Jun/2014 11:47:16 AM	View More & Comment (2573)

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