A survey conducted b a British Company reveals that by the year 2050, China would be the most powerful country in the world followed by India in the 2nd place.
America has decided to cut the legal immigrants by half within next 10 years. Two top U.S. Senators have proposed legislation to cut the number of legal immigrants to the U.S. This is a setback to Indians who have decided.
RBI: No change in REPO Interest Ratio
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There was a review meeting conducted today in Mumbai on the Reserve Banks of Indias Financial Policy (Wednesday, 8th February).In this meeting, no changes were made on the short-term loan Interest (REPO) ratio.
The total number of free cash transactions in HDFC bank will be reduced down to four intending to make customers refrain from accessing banking services at bank branches.
The Reserve Bank of India, Chennai Branch in a press release has mentioned: The Indian Reserve Bank circulates the coins minted by the Indian government. The coins will be under circulation for a long time.
The government intends promoting digital transactions and Arun Jaitley, the Finance Minister has clearly displayed confidence that the charges towards such payments will come down with increase in total volume.
For those who earn between Rs. 50 Lakhs to Rs. 1 Lakh per annum, an additional income tax of 10 percent is charged along with the existing 30 percent Income Tax.
As the regulation Act on plot sales has been prepared and ready, it is expected that this will be enacted as a Law in a short time. The central government enacted the plot sales regulation Act in March last year.
The company Brand Finance has listed the top 500 most popular brands. In this list, Google has managed to push the company Apple behind and secures the 1st place.
The Revenue secretary Hasmukh Adhia, informed that only a maximum concession of Rs. 2 Lakhs per year can be given to the individual buying a 2nd home/flat. Anything above this is not warranted.
A bill for imposing a penalty of Rs. 10000/- if found in the possession of more than 10 numbers of the old demonetized currency notes of Rs. 500/- and Rs. 1000/- has been presented in the parliament.
100,000 Visas to be revoked by USA
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As per the new visa policy of US President Trump, nearly I Lakhs visas are to be reviewed for cancellation. US President Donald Trump signed an executive order which put a bar on citizens from Iran, Iraq, Libya.
Prime Minister Narendra Modi demonetized the Rs 1000 and Rs 500 notes on 8th November. In continuation of this, time was given to exchange the invalid notes in the banks.
It was announced in the union budget that people failing to file the income tax returns will be imposed with a penalty of Rs 10000. Day before yesterday, Finance Minister Arun Jaitley tabled the union budget for the year 2017-2018.
Centre stops sugar subsidy to states
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It has been mentioned in the union budget that the subsidy given to the states for selling sugar through ration shops has been stopped. As per the existing scheme, sugar is being sold for Rs 13.50 in the ration shops.
The price of domestic gas cylinder has been increased by RS 66.50. Public sector oil companies Indian Oil Corporation, Bharath and Hindustan Petroleum supplies gas for domestic and commercial usage.
