Chinese electronics giant Xiaomi launched its latest offering – Mi 11 in the European markets on Monday. Already launched in China, the new edition in the Mi series was long awaited globally due to some startling and never-heard-before features. Mi 11 is a first of its kind to come up with Qualcomm’s latest Snapdragon 888 […]
How many times have you been jittered with the thought of figuring the right authority to register a complaint when your money wasn’t disbursed at the ATM but the amount was debited from the balance? Or when your UPI payment was lost midway but you didn’t receive the money back. Well, very soon all your […]
Alvin Price famously said, “Parents need to fill a child’s bucket of self-esteem so high that the rest of the world can’t poke enough holes to drain it dry.” But how should the kids fill their parents’ bucket once they’re fulfilled and capable? We live in times when we want to show love for our […]
On February 1, Finance Minister Nirmala Sitharaman announced the Union Budget for 2021-22. It was labelled as a ‘safe’ budget in context of the ongoing pandemic because nothing startling came out of it. However, FM decided to please the senior citizens by announcing a special exemption for the pension class. In her Budget speech, Nirmala […]
The setting up of a separate Asset Reconstruction syndicate for dealing with the NPAs is a step in the right direction as it will aid better recovery and will prompt banks to increase credit.
One of the most welcomed amendments in this Budget pertains to rationalisation of dividend taxation provisions, which faced teething issues when the government abolished dividend distribution tax and shifted to the classical dividend taxation regime last year.
Investments in infrastructure can boost GDP by at least 1-2% every year, besides creating jobs. Both public and private investments and different PPP models must be explored.
The Budget must recognise the synergy between online and blended learning.
At present, 60% commutation is allowed under pension plans. However, if an individual does not commute, any amount and opts for 100% annuity, the pension received is fully taxable. The Budget should remove this anomaly.
Salaried sector has always been the highest tax paying segment historically. The government must look at reducing IT rate slabs for salaried employees.