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Marginal relief to MFs; new tax rate effective from Jul 10

Last Updated: Friday, July 25, 2014, 17:34

In a small relief to the mutual fund industry, Finance Minister Arun Jaitley on Friday announced that the increased tax rate of 20 percent on debt MFs will not apply on units sold between April 1 and July 10.

India's budget passed by Lok Sabha

Last Updated: Friday, July 25, 2014, 16:30

The Lok Sabha Friday passed the Finance Bill, 2014 by a voice vote. The bill, which is primarily the legislative proposals of the national budget for this fiscal, notably on taxes, will now go to the Rajya Sabha for approval.

Bill Murray surprises ice-cream maker fan with visit

Last Updated: Friday, July 25, 2014, 16:09

Bill Murray has a knack for making his fans happy by turning up to surprise them and his latest generosity helped an ice-cream maker meet his idol.

India exempts debt mutual funds from new tax for a short period

Last Updated: Friday, July 25, 2014, 15:29

He also increased the long-term capital gains tax rate on debt-linked mutual funds to 20 percent from 10 percent.

Jaitley announces some concessions, tax on MF from July 10

Last Updated: Friday, July 25, 2014, 15:13

The Lok Sabha later passed the Finance Bill, 2014 completing the budgetary exercise in the Lower House.

India's Finance Bill passed by Lok Sabha

Last Updated: Friday, July 25, 2014, 13:48

The bill was passed after Finance Minister Arun Jaitley gave his reply to the debate on the budget.

No retro tax on debt Mutual Fund: Arun Jaitley

Last Updated: Friday, July 25, 2014, 12:56

Jaitley said that higher tax on debt mutual funds will apply prospectively from July 10.

Convent boy asked to sit in primary school to impress Bill Clinton

Last Updated: Friday, July 25, 2014, 10:56

To "impress" Bill Clinton during his visit here, a convent school student was reportedly made to sit in a primary school allegedly by the authorities, following which the Uttar Pradesh government has taken cognizance of the matter.

Wal-Mart replaces chief of US division

Last Updated: Thursday, July 24, 2014, 19:07

US retail giant Wal-Mart Stores Thursday announced it is replacing the head of its Walmart US division, which has had declining same-store sales in recent quarters.

Parliament nod key to check ponzi schemes: Sebi chief

Last Updated: Thursday, July 24, 2014, 18:53

Hopeful of a new law empowering Sebi to crack down on ponzi menace, its chief U K Sinha today said Parliament nod for such a bill would send a strong signal to those defrauding gullible investors with illegal schemes.

Cabinet clears bill to empower Sebi to deal with ponzi schemes

Last Updated: Thursday, July 24, 2014, 18:25

A Bill to effectively empower the market regulator Sebi to crack down on ponzi schemes and investment frauds was approved by the Cabinet on Thursday.

Government to not retrospectively tax debt fund investors

Last Updated: Thursday, July 24, 2014, 16:16

The government will not retrospectively tax debt fund investors, as per Zee news sources.