Budget 2015 Highlights Today (28th February, 2015) Finance Minister Arun Jaitley presented Union Budget, the highlights are: Taxation: ● Abolition of Wealth Tax. ● Additional 2% surcharge for the super rich with income of over Rs. 1 crore. ● Rate of corporate tax to be reduced to 25% over next four years. ●Total exemption of up to Rs. 4,44,200 can be achieved. ●100% exemption for contribution to Swachch Bharat, apart from CSR. ●Service tax increased to 14 per cent. Agriculture: ● …
Tag: CIBIL
In the continuation to the previous post portraying the ill effects of the Reserve Bank of India, here flows the second and final post. Already got many calls from top notch people for writing about RBI and will ensure that there are no bad remarks. Over 5 ATM Transactions Chargeable You would have heard this statements if you live in the metro cities. Yes, there has been an amendment with the Code of Banking Conducts to charge a customer who …
The Reserve Bank of India (RBI) is India’s Central Banking Institution, which controls the Monetary Policy of the Indian Rupee and other banks operating within India. Sometimes, RBI is well known for its stupidest decisions. Last December (2013), under the heading of the new Governor, there was a decision for increase in security by inputting the PIN at POS for transactions. Upto me this is one of the wrong decision take by RBI. A latest statistics quotes that the Debit …
It will be highly funny as well as crucial when a loan application is being rejected or approved. I thought of sharing a small incident which happened before the application was being approved. I was under the category of SALARIED. I recently got my Form 16. The loan process was too simple and got it done within few Hours. Though my office was at Chennai, I had a proof of Pondicherry which created some fuzz among the Bankers. Then they investigated …