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BUDGET 2021:

Will the FM cut taxes to boost the economy?

Budget made easy! Don’t miss our simplified coverage of the Budget 2021-22

Budget 2020: Nirmala Sitharaman announces big income tax relief

In a major relief for individual taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced a new regime of personal income tax.

Latest stories

  • Portugal hardens measures to contain pandemic

    Lisbon [Portugal], January 19 (ANI/Xinhua): The Portuguese government announced on Monday more restrictive measures to contain the Covid-19 pandemic.

  • Chinese stock fund attracts record $37 billion in first-day subscriptions - state media

    A Chinese mutual fund attracted a record $37 billion worth of investor subscriptions on the first day of sales, state media reported, reflecting Chinese retail fever toward stocks. E Fund Management Co launched the fund on Monday and raised 237 billion yuan ($36.6 billion) in subscription money, nearly 16 times its fundraising cap of 15 billion yuan, official Securities Times reported on Tuesday, citing sales channels. E Fund said official data will be released soon, without giving figures.

  • COVID-19 response was a global series of failures, reads WHO panel's damning assessment

    The report faults public health leaders for responding slowly to early evidence that people without symptoms could spread the new coronavirus

  • Parler partially reappears with support from Russian technology firm

    Parler, a social media website and app popular with the American far right, has partially returned online with the help of a Russian-owned technology company. Parler vanished from the internet when dropped by Amazon Inc's hosting arm and other partners for poor moderation after its users called for violence and posted videos glorifying the Jan. 6 attack on the U.S. Capitol. On Monday, Parler's website was reachable again, though only with a message from its chief executive saying he was working to restore functionality.

  • Gill's half-century gives India faint hope of series victory

    Shubman Gill brought up a rousing half-century to push an injury-ravaged India within 245 runs of a series victory at lunch on the final day of the fourth test decider against Australia in Brisbane on Tuesday. Playing in only his third test, the doughty 21-year-old steadied India after paceman Pat Cummins had Rohit Sharma caught behind for seven on a glorious morning at the Gabba after the tourists resumed on four for no loss. Gill was 64 not out, with Cheteshwar Pujara on eight off 90 balls, and India 83 for one with little threat of rain interrupting proceedings.

  • Japan firms see capex rebound in FY2021 despite COVID hit: Reuters poll

    Almost three quarters of Japanese firms expect to keep capital spending steady or raise it in the coming business year from the fiscal year ending in March, a Reuters monthly survey showed, despite broader uncertainty over the coronavirus resurgence. The latest survey will be of some relief to policymakers counting on investment in areas such as digital transformation and green technology to sustain private demand-led recovery in the world's third-largest economy. "We cannot loosen our grip on capital expenditure in areas such as IT (information technology) to back telecommuting, although we must avoid any unbridled investment," a wholesale manager wrote in the Dec. 24-Jan. 13 survey.

  • Michael Matthews: I’ve returned to BikeExchange a more mature rider

    Australian on the Classics, Sunweb leadership and Hirschi’s move to UAE

  • Outlook darkens for Wall Street as Biden's regulators take shape

    Wall Street may be facing an uncomfortable four years after President-elect Joe Biden's team confirmed on Monday it planned to nominate two consumer champions to lead top financial agencies, signaling a tougher stance on the industry than many had anticipated. Gary Gensler will serve as chair of the Securities and Exchange Commission (SEC) and Federal Trade Commission member Rohit Chopra will head the Consumer Financial Protection Bureau (CFPB). Progressives see the agencies as critical to advancing policy priorities on climate change and social justice.

  • Asia shares look to China for recovery lead, earnings in focus

    Asian share markets edged ahead on Tuesday as investors wagered China's economic strength would help underpin growth in the region, even as pandemic lockdowns threatened to lengthen the road to recovery in the West. Data out on Monday had confirmed China's economy was one of the few in the world to grow over 2020 and actually picked up speed as the year closed. MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.2%, to be a whisker from record highs.

  • India reaches lunch at 83-1 on day 5, final test v Australia

    Shubman Gill scored an unbeaten 64 to post the highest score of his brief test career, doing his bit to help India's attempt to retain the Border-Gavaskar Trophy in the series decider against Australia. India lost only one wicket in the morning session Tuesday and reached lunch at 83-1. While Gill scored his 64 from 117 balls, Chesteshwar Pujura was stone-walling at the other end with 8 runs from 90 balls.

  • Brent crude edges up as optimism over economy trumps demand concerns

    Brent crude futures edged up on Tuesday as optimism that government stimulus will buoy global economic growth and oil demand trumped concerns that renewed COVID-19 pandemic lockdowns globally could cool fuel consumption. Brent crude futures for March rose 17 cents, or 0.3%, to $54.92 a barrel by 0150 GMT after slipping 35 cents in the previous session. Investors are upbeat about demand in China, the world's top crude oil importer, after data released on Monday showed its refinery output rose 3% to a new record in 2020.

  • Kyrgios criticises Djokovic over Australian Open quarantine row

    Australian tennis player Nick Kyrgios takes aim at Novak Djokovic ahead of the Australian Open.

  • Top Indian Americans to address AAPI Inaugural Ball

    Washington, Jan 19 (PTI) Several eminent Indian Americans including Congressmen and those set to occupy key positions in the incoming Biden Administration will participate and address the Presidential Inaugural Committee’s official Asian American inaugural ball here on Tuesday.

  • Pakistan approves Chinese Sinopharm COVID-19 vaccine for emergency use

    Pakistan on Monday approved the Chinese Sinopharm COVID-19 vaccine for emergency use, a government statement said, two days after AstraZeneca's vaccine developed with Oxford University received a similar authorization. The Drug Regulatory Authority Pakistan (DRAP) said the vaccine, manufactured by China National Pharmaceutical Group (SinoPharm), had been given emergency use approval (EUA). Pakistan's health ministry has said the country was in process of speaking to different vaccine makers.

  • Gill fifty takes India to 83/1 at lunch on day five

    Brisbane, Jan 19 (PTI) Shubman Gill stroked his way to an attractive half-century while Cheteshwar Pujara defended dourly as India reached 83 for 1 at lunch in pursuit of a challenging 328 on the final day of the fourth Test against Australia here on Tuesday.

  • First Dates: Channel 4 series will feel 'more like real life'

    The latest daters are in unfamiliar surroundings as the Channel 4 series moves to a new restaurant.

  • South African Virus Strain 50% More Contagious than All Previous Versions, Experts Confirm

    The experts drew their conclusions about the variant -- now the dominant strain in South Africa -- from an analysis of data collected from the main infection clusters across the country.

  • Are OTT Platforms The New ‘Playground’ For Communicators?

    “The companies that best understand how they interact with customers mostly operate in the pure-play digital space.”

  • ‘Wasn’t Looking for Spirituality’: Ma Anand Sheela on Aiding Osho

    In an interview to Amrita Gandhi, Ma Sheela talks about her relationship with Osho and the obsession with godmen.

  • India Vs Australia 4th Test Day 5: Gill, Pujara Bat Through First After Rohit’s Early Departure

    In the 4th Test match of the Border-Gavaskar Trophy, the hosts won the toss and chose to bat against the Indian team at the Gabba. First innings, Australia 369/10, Marnus Labuschagne (108), T Natarajan (3/78).First Innings, India 336/10, Shardul Thakur (67), Josh Hazlewood (5/57). Second innings, Australia 294/10, Steve Smith (55), Mohammed Siraj (5/42). Day...