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FINANCE BILL

EPF rule tweaked: Now, earn tax-free interest on contributions of up to Rs 5 lakh

By Administrator_India Capital Sands Salaried employees concerned about interest earned on their annual  employees’ provident fund being taxed from April 1 can heave a sigh of relief. Rules amended Finance Minister Nirmala Sitharaman introduced an amendment to raise this threshold limit to Rs 5 lakh during the debate on Finance Bill 2021, which was passed by the …

India

PM Narendra Modi to meet chief ministers virtually today amid spike in COVID-19 cases

By Administrator_India Capital sands Prime Minister Narendra Modi will interact with chief ministers about the COVID-19 situation and the nationwide vaccination drive on March 17, media reported. The virtual meeting comes amid rising novel coronavirus infections and the Centre looking to increase daily inoculations. The virtual interaction is expected to begin at 12.30 pm. According to news …

current affairs

US Treasury Secretary Janet Yellen speaks with FM Nirmala Sitharaman

By Administrator_India Capital Sands US Treasury Secretary Janet Yellen has spoken over phone with Finance Minister Nirmala Sitharaman during which she appreciated India’s role as a critical partner in fighting the COVID-19 pandemic and discussed the global economic outlook. This was Yellen’s first call with Sitharaman after she became the first female Treasury Secretary of …