Sunday , February 26 2017

Business

100% penalty for cash transactions over ₹3 lakh: Hasmukh Adhia

cash transactions

Supposing you do a transaction of ₹4 lakh in cash, then the penalty would be ₹4 lakh. If you do a transaction of ₹50 lakh, penalty would be ₹50 lakh” Revenue Secretary Hasmukh Adhia says Delhi: In an attempt to check generation of black money, a steep penalty awaits those accepting ...

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Indian IT firms to meet Trump officials on visa reform concerns

H1B-Visas

Trump might issue an executive order cutting the H-1B program sent shares in IT firms plummeting this week. Mumbai: Indian IT sector frontrunners will meet together US lawmakers and representatives from US President Donald Trump’s government later this month to porch contrary to any major variations to visa regulations that ...

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Union Budget 2017: Relief for earnings up to Rs 5 lakh

Union-budget

Union Budget for the year of 2017-18 was finalized on Wednesday New Delhi: Softening the demonetization blow, the Budget for 2017-18 on Wednesday share out the tax to five per cent on incomes up to Rs 5 lakh but recommended a new surcharge of 10 per cent on incomes among ...

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Union Budget 2017: Top Highlights

Union Budget 2017

New Delhi: Finance Minister Arun Jaitley presented the Union Budget for 2017-18 in Parliament at 11 am on Wednesday, during the Budget Session. Here are the top highlights of the Budget 2017: Personal Income Tax: There will be no inspection of first time tax payers: Arun Jaitley A simple 1 ...

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ATM cash withdrawal limit eased further

withdrawal limit

Withdrawal limit on current, cash credit and overdraft accounts lifted with immediate effect Facing criticism from the Election Commission for not allowing contenders contesting the upcoming Assembly polls to withdraw cash up to their permitted limit, the Reserve Bank of India (RBI) on Monday removed cash withdrawal restrictions on current, ...

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Govt to roll out Aadhaar Pay for cashless transactions

Aadhaar Pay

As of now, 14 banks have come on board for Aadhaar Pay and the service will be launched soon New Delhi: The Centre will soon roll out Aadhaar Pay service that will allow people to make and receive payments using only their Aadhaar number and thumb impression, stated Electronics and ...

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Jio Effect: Airtel Q3 Net Plunges 54%, Shares Fall

Airtel

Airtel’s combined revenues fell 3 percent to Rs. 23,364 crore compared to Rs. 24,103 crore as it was enforced to respond with price cuts to Jio’s unlimited free voice and data services under a trial plan. Airtel, India’s largest telecom operator stated 54 percent drop in its December quarter profit ...

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How Indian IT Firms Are Preparing For Restrictions On H-1B Visa Employees

IT industry

New US President Donald Trump’s ‘Buy American, Hire American’ call in his inaugural address has put the Indian IT industry on edge. New US President Donald Trump’s ‘Buy American, Hire American‘ call in his first address has put the Indian IT industry on verge. For the $150-billion Indian IT industry, ...

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