BENGALURU UNION
Budget 2024 should hike basic income tax exemption limit to Rs 5 lakh in both old and new tax regimes: Deloitte
Finance Minister Nirmala Sitharaman is likely to present Union Budget 2024 this month. Salaried taxpayers are eagerly waiting for some much-needed tax benefits from the upcoming Budget. According to Deloitte, salaried people want Finance Minister to revamp tax slab benefits, adjust HRA rates, incentivise EV sales, and promote affordable housing in Budget.
Priyank Kharge meets IT minister Ashwini Vaishnaw, requests Centre's support for state's chip firms
Karnataka IT minister Priyank Kharge met Ashwini Vaishnaw, union IT minister, to seek support for the state's semiconductor and electronics space. Kharge said that the State has the highest share of 46% in India in housing innovative companies and contributes 10% of India's industrial output.
IT union seeks probe on DXC Technology's 4,800 campus onboarding delays
Data from the IT employee union NITES showed that India’s leading IT firms including Tata Consultancy Services (TCS), Infosys, Wipro and LTIMindtree have delayed joining dates of than 10,000 freshers. Harpreet Singh Saluja, president at NITES said these young professionals well-being and careers are at risk, we have asked the ministry to act as soon as possible.
Section 80C deduction in Budget 2024: Will the government increase Section 80C limit under the old income tax regime in Budget?
Section 80C deduction in Budget 2024: The 80C limit has not increased in line with many people's income and costs. Because of this gap, many taxpayers use the entire 80C limit. This is why many want this limit to be increased.
Income tax relief: Budget 2024 may increase standard deduction under new income tax regime
Will Budget 2024 increase standard deduction: The Finance Minister in the 2023 Budget included a standard deduction of Rs 50,000 for salaried taxpayers and individuals getting pensions in the new tax regime. This standard deduction was made the automatic choice, unless taxpayers chose not to take it.
Foxconn employment row: Trade unions gather info on recruitment exercise at Tamil Nadu plant
The Union Ministry of Labour and Employment has sought a detailed report from the Tamil Nadu labour department after reports suggested that Foxconn was not hiring married women at the sprawling facility near here. An official of a manpower agency in Sriperumbudur said Foxconn India outsources employees through agencies and claimed that he did not come across any such incident of married women not getting preferred for recruitment.
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Budget 2024 HRA Exemption: Will Bengaluru, Hyderabad, other non-metro cities be included in 50% HRA tax exemption list?
Budget 2024 HRA Exemption: Many employers offer an HRA as part of their employees' compensation. If an employee receiving HRA is paying rent for their accommodation, they can claim a tax exemption on the HRA. Currently, a rented house in Delhi, Mumbai, Kolkata, and Chennai qualifies for a 50% exemption from HRA, while those located in other places come under the 40% bracket.
Suraj Revanna, accused of sexually abusing man, remanded in judicial custody for 14 days
Suraj was booked on Saturday at Holenarasipura Rural Police Station in Hassan district for allegedly sexually abusing a party worker a few days ago. He has been booked under different sections of the IPC, including "unnatural offences".
Karnataka forest minister halts leasing of forest land for iron ore mining in Sandur
Karnataka's Minister of Environment has halted the handover of a forest area to a mining company, citing concerns over the felling of over 99,000 trees and potential environmental damage. The decision comes after Union Minister HD Kumaraswamy approved mining in the area. Social activists have raised objections, highlighting the risk of soil erosion and flooding. The mining company has faced allegations of violating forest rules in the past. The minister's directive aims to prevent further environmental degradation and has sparked a campaign against mining on social media.
Third Eye: Chasing fertile pastures, Sidda’s U-turn on fuel hike, and a no-show in Paris
Deputy CM DK Shivakumar, Karnataka Congress' strongest Vokkaliga face, is considering throwing his hat in the by-election ring. With Bengaluru rural seat, of which his assembly seat Kanakapura is a part, having delivered a resounding "no" to his brother DK Suresh in the Lok Sabha election, it will be interesting to see how the region responds to DKS walking away from it for more fertile Vokkaliga pastures.
Karnataka's industries minister MB Patil asks his team to prepare blueprint for Bengaluru's second airport to deal with future growth
With Bengaluru’s international airport breaching projections in traffic volumes, the State Government has set the ball rolling on planning a second airport to deal with the future growth. Industry & Infrastructure Minister MB Patil, who chaired a meeting with the infrastructure department officials, asked them to submit a feasibility report for a new airport, saying
Kumaraswamy discusses Bengaluru-Sathy railway line with Ashwini Vaishnaw
Union Steel & Heavy Industries Minister HD Kumaraswamy met Railway Minister Ashwini Vaishnaw to discuss the implementation of a 260-km railway line between Bengaluru and Sathyamangalam (Sathy) in Tamil Nadu. The project was originally sanctioned in 1996 during HD Deve Gowda's tenure as Prime Minister. The proposed line would branch off at Hejjala on the Mysuru-Bengaluru sector, passing through several key locations including Chamarajanagar and potentially extending further to Sathyamangalam.
Hearing in defamation case against Rahul Gandhi postponed to June 26
The hearing in the defamation case against Rahul Gandhi for allegedly making objectionable remarks against Amit Shah has been rescheduled to June 26 due to the concerned judge being on leave. The case, filed by BJP leader Vijay Mishra, is ongoing in the MP/MLA court. Gandhi had appeared in court on February 20 and was granted bail. The complaint stemmed from Gandhi's comments at a press conference in Bengaluru, where he referred to Shah as an "accused" in a murder case. Shah was later discharged in a fake encounter case from 2005.
Arrest of actor Darshan: Chilling details of murder emerge during probe
Renukaswamy, a resident of district headquarters town of Chitradurga, a fan of the 47-year-old actor, had allegedly commented on the social media account of Gowda, a small-time actress, accusing her of creating a rift between the actor and his wife. He had also allegedly used "indecent language" and posted offensive messages, according to police sources.
KEC International shares jump 8% on winning order worth Rs 1,061 crore
KEC International's share price rose by 8% to Rs 829 after securing new orders worth Rs 1,061 crore. The company's YTD order intake is over Rs 3,000 crores, with a growth of 30% compared to last year.
Pralhad Joshi, RSS loyalist & five-time MP, returns as union minister
Pralhad Joshi, a fifth time BJP MP from Dharwad, Karnataka, close to PM Narendra Modi and BJP leader Amit Shah, played a key role in passing crucial bills during 17th Lok Sabha.
Startups seek advice on IPO timing in choppy markets
Multiple new-age companies looking to go public are seeking counsel on their next moves in response to the stock market volatility following the general election results on Tuesday. These companies are looking for advice on the timing of their public listings even as they remain confident about India's macroeconomic prospects, founders, investors and investment bankers told us.
Former Karnataka Deputy CM Govind Karjol wins Chitradurga seat
Former Karnataka Deputy Chief Minister Govind Karjol of the BJP won the Chitradurga Lok Sabha seat with a margin of 48,121 votes, defeating Congress candidate B N Chandrappa.
Will decide based on SIT report, says CM on BJP's demand for sacking Minister over charges
Karnataka CM Siddaramaiah has not sought resignation of Minister B Nagendra amid allegations of illegal money transfer from Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Ltd. Decision to be based on SIT probe. Accounts superintendent Chandrashekhar P's suicide revealed unauthorized transfer of Rs 187 crore, involving corporation's MD J G Padmanabh.
Government won't protect anyone in illegal money transfer case, says Karnataka CM Siddaramaiah
Karnataka Chief Minister Siddaramaiah and Deputy CM DK Shivakumar stated that the state government will not shield anyone involved in the illegal money transfer case at the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Ltd. They promised action according to the law. The BJP demanded Minister B Nagendra's dismissal and a CBI probe. A suicide note revealed unauthorised transfer of Rs 187 crore, leading to a SIT probe led by Manish Kharbikar. Happiest Minds Technologies Ltd denied any connection to the embezzled funds.
Mixed bag of achievements for CM Siddaramaiah on completing one year in office
Within a month of taking over, the government launched the Shakti scheme offering free rides to Karnataka women in non-luxury government buses. According to the Karnataka Transport Department officials, women have availed of as many as 210.29 crore free rides in the state, costing the state exchequer Rs 5,097 crore till May 17 from the date of launch of the scheme on June 11, 2023.
CM Siddaramaiah rules out CBI probe in sexual abuse case against MP Prajwal Revanna, reposes faith in SIT
The 33-year-old JD(S) MP Prajwal Revanna, who is grandson of JD(S) patriarch and former PM H D Deve Gowda, is facing charges of sexually abusing women. The scandal has raised a political storm with the ruling Congress and BJP-JD(S) engaged in a slugfest.
Surgeon, calligrapher, ex-IAS officer & IAS coach give company to Eshwarappa as independent candidates in Karnataka
Three hundred independent candidates are competing in two-phase polls in Karnataka, vying with political heavyweights like former CMs and union ministers for their share of votes. Some candidates have impeccable credentials, while others aim to be noticed and heard. In Shivamogga, former BJP minister KS Eshwarappa is contesting to defeat sitting MP BY Raghavendra.
BJP MP, ex-Union minister Sreenivasa Prasad passes away
Former Union Minister V Sreenivasa Prasad, a six-time MP and two-time MLA, passed away in Bengaluru at 76. He had a long political career spanning various parties and government roles.
BJP braces for speed breakers on Pune-Bengaluru highway
Former CMs, a deputy CM, and a Union minister are contesting in six Lok Sabha seats along the Pune-Bengaluru highway in Karnataka. The candidates face various challenges, including resistance from local leaders and the need to leverage the Modi factor for support.
Amit Shah to hold road show during his day-long engagement in Karnataka tomorrow
During his day-long busy schedule, Amit Shah will address the Sakti Kendra Pramukh Sammelan at Palace Ground in Bengaluru on Tuesday morning. The event is aimed at bolstering grassroots leadership and organizational strength ahead of Lok Sabha elections.
Union Minister Vaishnaw hails Nivetti Systems for indigenously developing 2.4 tbps router
Union Minister Ashwini Vaishnaw praises Nivetti Systems for developing an indigenously produced 2.4 terabytes per second (TBps) router in Bengaluru. He describes it as a significant achievement for India and highlights its potential impact across various sectors like railways, power grids, telecommunications, and media. Vaishnaw emphasizes Prime Minister Narendra Modi's focus on developing and scaling up technologies, aiming for India to become a major product and manufacturing nation. He also discusses government support for innovators and predicts their benefits under Modi's third term.
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