Daily Archives: February 1, 2019

How much money the Budget saves you

If your annual salary is Rs 5 lakh, you don’t gain by an increment of Rs 15,000, because your tax bill at this level would be Rs 15,000, so you’re effectively back to Rs 5 lakh. One way toget around this is to get a part of the increment in reimbursements to stay within Rs 5 lakh.

Josh is high, but tax savings are small for middle class

Currently, a rebate of Rs 2,500 was available on taxable income of up to Rs 3.5 lakh. But now all those in the Rs 5 lakh income bracket will have nil tax. Such individual taxpayers were earlier paying a tax of up to Rs 13,000, not be payable now. Collectively, it is expected to provide a tax benefit of Rs 4,700 cr to more than three cr earners and pensioners.

Big sports events today

Here are the big sports events lined up for Saturday (February 2) that comprise the Davis Cup qualifier between India and Italy while Chennayin FC will take on Pune City in Indian Super League.

Afghan peace talks result of US’ military pressure on Taliban: Donald Trump

Last month, Trump had said regional countries like Russia and India should play a more active role in resolving the Afghan conflict. “We spend USD 50 billion a year in Afghanistan and have hit them so hard that we are now talking peace after 18 long years,” Trump tweeted

KSCA wants to swap India-Aus T20I with Vizag’s stadium

With less than three weeks to go for the arrival of the Australia team for their tour of India, Bengaluru police have expressed their inability to provide security for the first Twenty20 match in view of the Aero India show to be held in the city from February 20-24.

Earthquake hits southern Mexico, sways buildings in capital

The quake was also felt in nearby Guatemala and farther away in El Salvador. Some people evacuated office buildings along a central boulevard in Mexico City.

Anil Ambani’s RCom files for insolvency as deal with Jio crumbles

The insolvency filing comes weeks after Swedish network giant Ericsson petitioned the SC to arrest Anil over the recurring delays in payment of its dues worth Rs 550 crore, and accused the embattled businessman of engaging in “gross and wilful contempt” of the apex court. Also, it follows the failure of a spectrum trading deal between RCom and Jio.

Anand Ahuja promotes wife Sonam’s film

Marouane Fellaini leaves Man United for China’s Shandong

Manchester United announced on Friday that midfielder Marouane Fellaini has left the club to join China’s Shandong Luneng on a permanent transfer.

ISL: FC Goa beat Mumbai City FC 2-0

FC Goa ended Mumbai City FC’s unbeaten run of nine games after registering a comfortable 2-0 win in an Indian Super League game on Friday.