Proposal to tax EPF withdrawn

Following a backlash, both in and outside Parliament, for dipping into retirement savings of the working class, Union Finance Minister Arun Jaitley on Tuesday announced the withdrawal of the budget proposal of taxation of EPF. In view of the representations ‎received, including from Members of Parliament, said Mr. Jaitley: “the Go‎vernment would like to do comprehensive review …and therefore I […]

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Nancy Reagan, former US first lady, dies at 94

Nancy Reagan, the former actress who was fiercely protective of husband Ronald Reagan through a Hollywood career, eight years in the White House, an assassination attempt and her husband’s Alzheimer’s disease, died on Sunday at age 94. The cause of death was congestive heart failure, said a spokeswoman for the Reagan presidential library. She died at her Los Angeles home. […]

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ED registers money laundering case against Vijay Mallya

The Enforcement Directorate has registered a money laundering case against businessman Vijay Mallya and chief financial officer of now-defunct Kingfisher Airlines on the basis of Central Bureau Investigation’s (CBI) probe into alleged wilful default of Rs.900 crore loan in conspiracy with IDBI Bank officials. In October 2015, the CBI had booked the case of corruption and criminal conspiracy against Mr. […]

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