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Finance

Govt. planning to strengthen laws on loan defaulters

The central government is planning to restore new laws on loan defaulters thereby making wilful default a serious criminal offence under IPC (Indian Penal Code) as well as giving timelines and defining it to make sure that those who have not repaid bank loans on time will not be able ...

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Telangana Unveils 1.30 lakh crore budget for 2016-2017

Telangana Finance Minister Eatala Rajender today has presented the budget for the financial year 2016-2017 with a corpus of Rs. 1,30,415 crore. 25,000 crore has been allocated for the irrigation sector. 67,630 crore has been allocated for Plan Expenditure and Non-Plan Expenditure has been allocated with Rs. 62,785 crore. Telangana’s ...

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India-IMF signed MoU to establish Regional Training Centre

India and the International Monetary Fund (IMF) today has signed a memorandum of understanding (MoU) to establish a regional training and technical assistance centre in the capital keeping in mind of enhancing the capacity development and training officers to deal with macro-economic and financial issues. The MoU was signed between ...

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Atal Pension Yojana will now be eligible for Tax Benefits

According to a circular released by the Income Tax Department, the contributions that have been made to the Atal Pension Yojana (APY) will now be eligible for the tax benefit, similar to the National Pension System. The tax benefit will be the additional deduction of Rs. 50,000/- under Section 80CCD(1) ...

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