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SBI's Budget 2018 pitch: Increase income tax exemption limit to Rs 3 lakh

-PTI NEW DELHI: With rise in personal disposable income post 7th Pay Commission, the income tax exemption limit needs to be raised by Rs 50,000 to Rs 3 lakh, a SBI report said on Monday. The move will benefit around 75 lakh people, it said. The SBI's Ecowrap report further said that if the exemption limit of interest payments under housing loan is increased to Rs 2.5 lakhs for existing home loan...

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India will be open-defecation free before Lok Sabha polls: Govt -Dipak K Dash

-The Times of India NEW DELHI: Every household in India will get a proper toilet and the entire country will be open-defecation free (ODF) much before the Modi Government faces election next year, top Government functionaries said. This is the biggest flagship programme led by the PM. While urban affairs minister Hardeep Singh Puri has said his ministry will hit the target a year before the October 2019 deadline, the sanitation ministry...

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A misleading story of job creation -Praveen Chakravarty & Jairam Ramesh

-The Hindu India does not create 55 lakh new jobs every year, as claimed by a new report A recent research report titled “Towards a Payroll Reporting in India” authored by the Group Chief Economic Adviser of the State Bank of India and a professor from the Indian Institute of Management, Bangalore has caught the media’s and the Prime Minister’s fancy. Ostensibly, the main objective of the report was to make a...

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Well-oiled ring offering to change old notes for a hefty commission, say officials -Vijaita Singh

-The Hindu Syndicates target cash hoarders The Government's decision to scrap ?500 and ?1,000 notes in 2016 has led to the creation of a space for police acting as complainants in multiple cases of ‘cheating.’ The cash haul in Uttar Pradesh last week, where 16 people were arrested for allegedly storing scrapped ?500 and ?1,000 notes worth ?96 crore is a case in point. The tip-off was provided by the National Investigation Agency...

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