The government may soon initiate the process of setting up the proposed telecom finance corporation (TFC), with the finance ministry giving its nod. TFC has been mooted as a vehicle for mobilising funds from the international market at competitive rates to ... The Financial Chronicle, 2 months ago
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Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors. Following are the highlights of Union Budget 2017-18, presented by Finance Minister Arun Jaitley in Parliament on February 1: Tax rates halved ...Rediff.com, 2 months ago
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