Day: February 1, 2021

Indian-origin law enforcement officer in US charged with staging fake drive-by shooting incident

3:01 pm February 1, 2021

Los Angeles: A 27-year-old Indian-origin law enforcement officer in the US state of California has been arrested for allegedly faking a shocking drive-by shooting incident last year following which he was hailed as a hero who had a miraculous escape, authorities have announced. Sukhdeep Gill, who held the post of Deputy at Santa Clara County Sheriff’s Office, was […]

Govt rationalising customs duties on gold, silver: FM

2:33 pm February 1, 2021

New Delhi: Finance Minister Nirmala Sitharaman on Monday said the government is rationalising customs duties on gold and silver. Presenting the Union Budget for 2021-22, she also said customs duties on certain auto parts, solar equipment, cotton and raw silk have been raised. On the other hand, the finance minister said customs duty on naphtha has been cut […]

FM proposes tax exemption for aircraft leasing cos

2:28 pm February 1, 2021

New Delhi: The government on Monday proposed tax exemption for aircraft leasing companies. Finance Minister Nirmala Sitharaman while presenting the Union Budget for 2021-22 proposed tax exemption for aircraft leasing companies and also announced tax exemption for notified affordable housing for migrant workers. Sitharaman also said the Rs 1.5 lakh deduction on payment of interest for affordable housing has […]

Govt school teacher suspended for sending lewd messages to women teachers: Official

Govt raises import duty on parts of mobile phones, chargers

2:24 pm February 1, 2021

New Delhi: The government on Monday proposed to impose import duty on components of mobile phones and chargers, to enhance local value addition. Finance Minister Nirmala Sitharaman announced review of 400 exemptions in customs duty including those applicable on the mobile devices segment. ”For greater domestic value addition, we are withdrawing a few exemptions on part of […]

Sensex zooms over 1,700 pts after Budget 2021; Nifty reclaims 14K

2:19 pm February 1, 2021

Mumbai: The BSE benchmark Sensex zoomed over 1,700 points and the NSE Nifty reclaimed the 14,000-level driven by gains in financial stocks on Monday after Finance Minister Nirmala Sitharaman presented the Union Budget, which anlaysts believe is a ”growth-oriented” effort. After touching an intra-day high of 48,004.71, the 30-share Sensex was trading 1,660.99 points or 3.59 per cent higher at 47,946.76; and the broader Nifty surged 462.15 points […]