Where some of the key Economic Indicators of India stand: Inflation: 3.65% as on 8th December 2007 GDP growth rate: 8.9% for Q2 2007-08 (10....
11th Five Year Plan
The eleventh five year plan of India, for the period 2007 ~ 2012, has been approved for implementation in the National Development Council m...
Educational Loans become more affordable
Currently, when a student avails an Educational Loan to pursue his/her studies; the interest amount charged during the period of study gets ...
Have a business idea and need funding?
If you have a business idea and require money to start it, attend ‘Start-up Showcase’ during Manfest of IIM Lucknow. To encourage entreprene...
500% increase in complaints against banks
Reserve Bank of India says the number of customer complaints against banks (public and private) filed with them increased by over 500% in t...
Income tax may come down in India
Riding on a buoyant economy and making the most out of it with respect to direct taxes, the revenue department may consider reviewing direct...
Tax savings options on conveyance allowance
For salaried individuals, the conveyance allowance or transport allowance is exempt from taxation up to Rs. 800 per month while he earns in ...
How is tax exemption on HRA calculated
It’s a common misconception that the tax exemption a person gets for paying house rent is equal to the HRA component of his/her salary. And ...
Inflation Rate might be understated in India
India’s inflation rate based on Wholesale Price Index currently runs at 3.01%; a five year low. But experts say that the real rate of inflat...
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