· I-T exemption limit raised to Rs 1.80 lakh from Rs 1.60 lakh . · Exemption for senior citizens raised to Rs 2.5 lakh · Tax under women slab unchanged. · Tax exemption raised to Rs 5 lakh for senior citizens of 80 years. · To increase service tax onContinue Reading
NEW DELHI: The Economic Survey on Friday said India has the fourth largest foreign exchange reserves, which helped the nation to tide over global financial crisis . India’s foreign exchange reserves touched $ 297.3 bn in December, 2010 from $ 279.1 bn in March. “It needs to be acknowledged thatContinue Reading
In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation also reflects an erosion in the purchasing power ofContinue Reading
The RBI (Reserve Bank of India ) revealed its plan to introduce plastic Indian currency in the market to address the fake currency issue. Amarendra Sahu, Regional Director of RBI, Lucknow said that stung by the increasing menace of Fake Indian Currency Notes (FICN), the RBI is contemplating to introduceContinue Reading
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