[wanabidii] Top Headlines: Budget 2014: Govt may raise tax exemption limit over Rs 1 lakh

Daily Newsletter | Tuesday, July 08, 2014 TOP HEADLINES MORE » Budget 2014: Govt may raise tax exemption limit over Rs 1 lakh Raising the exemption limit from the current level of Rs 1 lakh is seen as a way out for the cash-strapped government to please its support base in its maiden Budget. Retail giant Carrefour to exit India, shut down 5 stores French major Carrefour, the world's second largest retailer, announced its exit from India, months after the ruling BJP made it clear that it was opposed to FDI in retail. Rail Budget: Expect rail minister to put reforms on track The budget may announce injecting fundamental reforms as the Modi administration has recognized that turning railways into an engine of growth is critical for accelerating country’s economic growth. CITIES MORE » Railway Budget may hold little hope for Mumbai Suburban railway commuters will have to keep expectations in check as the Centre may not have anything substantial to offer to Mumbai in this year’s railway budget. No toll for roads less than Rs 200 crore: Ajit Pawar The state cabinet on Monday formulated a new policy under which it decided not to privatize and charge toll for upcoming road projects costing less than Rs 200 crore. But with such projects being extremely rare in the vicinity of Mumbai, citizens can hardly expect any relief when it comes to shelling out huge toll amounts. The same day, deputy chief minister Ajit Pawar in Vashi seemed to have played a populist card, calling for the scrapping of the plan for an upcoming toll plaza at Kharghar-Kamothe, saying Cidco should pay the contractor Rs 1,220 crore, the estimated cost for the Sion-Panvel Highway Fungus found in intravenous fluid in hospital A major tragedy was averted in the state following detection of fungus in intravenous (IV) fluid bottles distributed in government hospitals across the state by Chhattisgarh Medical Services Corporation (CGMSC). TECH MORE » Oppo Find 7 review: Close to perfection Does the Oppo Find 7 have the capability to challenge flagships from leading brands? Backlash stirs in US against H-1B visas Americans argue that H-1B visa programme has been hijacked by staffing companies that import cheaper, lower-level workers to replace more expensive US employees. Over 200 sites blocked in India after Sony's piracy complaint: Report A number of websites including Google Docs and Google’s URL shortener Goo.gl have been blocked in India. SPORTS MORE » Ganguly predicts Germany-Holland final "Obviously as a football fan I would love to see a Brazil-Argentina final, but going by the form it looks to be Germany versus the Netherlands," said Ganguly. Djokovic replaces Nadal at No. 1 Wimbledon champion Novak Djokovic replaced Rafael Nadal at No. 1 in the ATP rankings Monday, while runner-up Roger Federer rose one spot to No. 3. Fifa reject Silva plea, Neymar probe FIFA says its disciplinary panel ""cannot consider this matter" under the rules and declined to open proceedings against Camilo Zuniga. BUSINESS MORE » I-T exemption limit may go up to Rs 1.5-2 lakh The government is expected to provide relief to the middle-classes through a higher tax exemption limit for investment in long-term savings instruments. Survival depends on transitions: Vishal Sikka Infosys CEO-designate Vishal Sikka has just written a blog that talks about the "two extraordinary transitions" in his life — of leaving SAP and joining Infosys — and says transitions and transformations are inevitable in the life of companies, countries and people in order to survive and be relevant, "when the circumstances and contexts around them change dramatically". Govt seeks more time in RIL arbitration Reliance Industries Ltd’s bid to push for an early gas price hike through international arbitration may be in for fresh delays. ENTERTAINMENT MORE » 'My sex-change operation backfired' Cross-dresser Bobby Darling, whose desire to turn into a woman is well-known, has had a change of heart. 'I am the highest paid actress in Pakistan' Humaima Malick, 25, is a top model and Pakistan’s highest paid actress who is self-made and a young achiever. ‘Had even stopped thinking how bad smoking is’ After Shah Rukh Khan and Ranbir Kapoor trying to quit smoking for the longest time, now Nawazuddin Siddiqui is attempting the same. About Us | Advertise with Us | Terms of Use | Privacy Policy | Feedback | Sitemap To manage your newsletter subscription settings, click here. Copyright 2014 Bennett Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service

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