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Contributions to NPS are expected to be clubbed in the cumulative savings up to Rs 1 lakh exempted from tax under Section 80 C of the Income Tax Act.

Mutual Fund Mirae Asset Mutual Fund Scheme Type Open Ended Scheme Category Income Launch Date 23-Jun-2009

Revenues fell due to more money flowing into money mkt and debt schemes than equity. Gainers: BSE ( A, B ), NSE | Losers: BSE ( A, B ), NSE I 52 Week: High, Low

General (non-banking) distributors of mutual fund schemes are up in arms against the recent Sebi directive, giving investors the right to negotiate commissions while buying MF products through them.

The 30-share index, which had lost over 195 points on Monday, fell further by 309.27 points at 14,016.95.

The rupee reached a five-week low on Tuesday on expectation local shares will fall, following the lead of Asian stocks, triggering concerns of foreign fund outflows.

Ten-year tax holiday for new hotels is the part of the industry wishlist that tourism minister Kumari Selja will be putting before finance minister Pranab Mukherjee.

As the Manmohan Singh-led government contemplates announcement of stake sale in PSUs, which could come as early as the forthcoming budget, the trade unions are again up in arms against disinvestment.

The fate of passengers scheduled to fly Air India July 1 onwards seems as uncertain as that of the airline itself with unions threatening to go on strike to protest wage cuts.

An internal assessment of the finance ministry has revealed that many of its past projects are running far behind schedule.

State-run fuel retailers have started posting losses on motor fuels once again.

Government may hike the price of natural gas produced by ONGC and Oil India by over 17% and index it to inflation rate.

Indian billionaire Bhupendra Kumar Modi said his holding company plans to raise about $1 billion in an initial public offering after scrapping a share sale in Dubai.

Warning that the world is entering an era of slower growth, the World Bank on Monday said that without India and China, the developing countries’ output would shrink 1.6%.

The Satyam fiasco notwithstanding, India has emerged as the fastest growing market in the international network of leading global professional services firm PricewaterhouseCoopers.

A glut like situation in edible oils created from large imports and low consumer offtake has put a downward pressure on prices.

K K Birla Group has put on hold the much talked about restructuring of engineering flagship Texmaco and instead decided to raise resources directly for the company.

Sources said the duty, if imposed, would be equal to the difference between the landed price of imported steel and domestic price of Rs 27,000 per tonne.

Direct tax laws, encompassing both the I-T Act and the rules as they stand today, are truly baffling with a plethora of interwoven sections, subsections, clauses, subclauses, cross references, explanations and provisos