-Outlook Following are the highlights of interim budget 2014-15: Income tax rates kept unchanged 10 pc surcharge on 'super-rich' having annual income above Rs 1 crore to continue 10 pc surcharge on domestic corporates with income of Rs 10 crore Foodgrain production estimated at 263 million tonnes in 2013-14 Fiscal deficit at 4.6 pc in 2013-14...
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Between 2010 and 2012, pace of job creation was slowest in a decade -Chetan Chauhan
-The Hindustan Times A sea of young people on a Delhi Metro last week offered a glimpse into the despair within young India. Most had taken the train from Delhi University — a hub of students from across the country — to the heart of the city, to take a test and apply for a job with a national bank. But there were only a few thousand vacancies — and 100,000 youngsters...
More »'Those Without Acc Can Soon Receive Money From ATMs'
-Outlook Mumbai: RBI Governor Raghuram Rajan today said individuals without a bank account will soon be able to receive money from those with Bank Accounts, using automated teller machines (ATM). "We have recently approved the in-principle setting up of a payment system which will facilitate funds transfer from bank account holders to those without accounts through ATMs," he said, delivering the DR Gadgil lecture here. Rajan said the move is driven by the...
More »Government of India and World Bank Sign $500 Million Agreement to Improve Rural Water Supply and Sanitation Services in Four Indian States
-The World Bank About 7.8 million rural people are expected to directly benefit from the project NEW DELHI: The government of India and the World Bank today signed a $500 million credit agreement to improve piped water supply and sanitation services through decentralized delivery systems in the states of Assam, Bihar, Jharkhand and Uttar Pradesh. The credit agreement for the Rural Water Supply and Sanitation (RWSS) Project for Low Income States was signed...
More »Payment denied for NREGA workers without UIDAI cards in Jharkhand
-The Hindu Following the Supreme Court asking the government to clarify the structure of the Unique Identification Authority of India (UIDAI) to ascertain the legal validity of the agreements UIDAI had entered into with States, the next hearing is slated for Tuesday. Jean Dreze, eminent economist, had filed an affidavit in the Supreme Court taking up the matter related to the denial of NREGA wages in Jharkhand as a few labourers do...
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