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New Delhi, Feb 28  
Govt committed to encourage research: PM
On National Science Day, Prime Minister Narendra Modi today paid tributes to the scientists and said the government is committed to encouraging research and innovation in the field. <... »
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Nayudamma memorial lecture on March 1
Yelavarthy Nayudamma Memorial Award 2014 will be conferred jointly on two women scientists here on Sunday at 6.30 p.m at N.R.S Kalyana Kala Sadan, according to a press release... »
Visakhapatnam, Feb 27  
DRDO, industry urged to form consortium to sell products
The Defence Research & Development Organisation (DRDO) and the Indian industry must form a consortium to sell products in the domestic as well as international markets to make India a global p... »

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Budget 2015 highlights

  • Following are the highlights of the Union Budget 2015-16 presented by Finance Minister Arun Jaitley in Parliament today:
  • No change in personal Income Tax * Health Insurance Premium deduction hiked from Rs 15,000 to Rs 25,000; for senior citizens to Rs 30,000
  • Transport allowance exemption hiked to Rs 1,600, from Rs 800 per month
  • Additional 2% surcharge on people earning over Rs 1 cr; to fetch Rs 9,000 cr
  • Wealth tax abolished
  • Direct Taxes Code (DTC) dropped
  • Rs 50,000 deduction for contribution to New Pension Scheme
  • To lower Corporate Tax to 25% over next four years
  • GAAR implementation deferred by 2 years to April 2017
  • Service Tax rate hiked to 14%, from 12.36%
  • Tax free bonds for roads, railways, irrigation projects
  • 2015—16 growth between 8—8.5%, double digit growth feasible
  • Retail inflation close to 5% by March, room for monetary policy easing
  • To achieve fiscal deficit of 3% of GDP by 2017—18
  • Fiscal Deficit target 3.9% in 2015—16, 3.5% in 2016—17
  • Revenue Deficit to be 2.8% in 2015—16
  • Current Account Deficit for 2014—15 to be below 1.3% of GDP
  • To introduce comprehensive law to deal with black money
  • Benami property transaction bill to tackle black money transaction in real estate soon
  • 100% deduction for contribution to Swachh Bharat, Clean Ganga projects
  • GST to be put in place by April 1, 2016
  • Internationally competitive direct tax regime to be put in place to incentivise saving
  • Incentivise use of credit, debit cards; disincentivise cash transaction to curb black money.
  • Today's Poll
    Will the Budget proposals benefit the middle class?"
    Yes
    No
    Can't say

    This week’s Oscars exemplified the male domination of Hollywood, an industry where actresses still get lower pay, less meaty roles and fewer big-budget films than actors »


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