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Key titles: Wealthy PF investors can choose debt funds, merging GST tiles




Wealthy PF Investors Can Choose Debt Funds While Budget Changes Tax Rule

Wealthy investors who park their surplus money in Voluntary Custody Fund (VPF) accounts may consider switching to mutual debt funds following new Union Budget proposals. Interest on the Providence Fund (FS) was exempt from tax. The budget proposes that the interest for PF contributions (employee contribution) over 2.5 ALL per year be taxed from April 1, 2021. Read more

GST council may take tax rate rationalization, tile merging at next meeting

The next meeting of the Goods and Services Tax Council (GST) in March is likely to take on tax level rationalization and multiple tile mergers to bring them closer to being revenue-neutral and making it more simple indirect tax regime. The meeting, the date of which has not yet been set, will come at a time when the 15th Finance Commission has recommended joining tax rates of 12 per cent and 18 per cent. Read more

Allegations of evasion laws have malicious intent: Amazon India chief

Amazon India chief Amit Agarwal has responded to ongoing controversy over the history of the news organization Reuters by claiming that the e-commerce giant evaded Indian regulators to circumvent local laws on foreign direct investment (FDI) in e-commerce. Read more

Leading gear manufacturers can be heated with the PLI scheme of the Center for the telecom sector

Under the Interconnected Product Promotion (PLI) scheme, companies will enjoy an incentive of 4-6 per cent per annum for five years on their output value in India, provided they make increasing investments. Some major telecom equipment makers may be interested in the scheme announced Wednesday, including Nokia and Ericsson, Taiwanese electronics service companies Flex (formerly called Flextronics) and Foxconn, Jabil Inc., Cisco, Ciena and Samsung which is a telecom seller in Reliance Jio Read more

Piramal Group obtains RBI approval for DHFL debt acquisition

The Reserve Bank of India (RBI) on Thursday cleared the purchase of Rs 34,250 crore of Dewan Housing Finance Corporation (DHFL) from the Piramal group. The group led by Ajay Piramal had overtaken U.S.-based firm Oaktree last month. Read more

WhatsApp provide the opportunity to review policy updates amid controversy

Following the reaction it received to the update of its privacy policy in early January, WhatsApp will now allow users to better see the changes that have been proposed and reinforce that it does not change personal communication between people. “In the coming weeks, we will be displaying a banner on WhatsApp providing more information that people can read at their own pace,” she said. Read more

NASA’s Rover Perseverance lands on Mars to look for signs of ancient life

A NASA rover flew through the orange Martian sky and landed on the planet on Friday, reaching the most dangerous step so far in an epic quest to bring back stones that could answer if life ever existed on Mars. It took 11 1/2 minutes filled with voltage for the signal to reach Earth. Read more

From Cognizant to HCL, India Inc. opens bag for employee retention

HCL had announced a one-time special bonus of $ 90 million earlier this month for employees worldwide as it crossed the $ 10 billion revenue threshold. Other IT majors like TCS, Infosys and Wipro have also increased wage growth across levels. Read more

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What Are The Main Benefits Of Comparing Car Insurance Quotes Online

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