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: payments
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 …
Almost 90% of the internet users are well aware about the PayPal and 100% of the International Business men are highly aware about the PayPal. But only a very few are aware about the action rendered by PayPal during the settlement. These many days, my office team use to manage the Finance and operations, for an event I was mapped for the PayPal. And, as usual am highly lazy enough to manage it in real-time. I happened to see the …