In the wake of a raging controversy over wearing hijab, the Karnataka government has ordered a ban on clothes which disturb equality, integrity and public order in schools and colleges. The state government has invoked 133 (2) of the Karnataka Education Act-1983, which says a uniform style of clothes...
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Finance Minister Nirmala Sitharaman tabled the Economic Survey report in the Lok Sabha on Monday, marking the first day of the Budget session of the Parliament. The Survey projected a GDP growth rate in the range of 8-8.5% for the next fiscal 2022-23 (FY23). The economy is projected to grow at...
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The standard deduction for salaried taxpayers after being abolished in financial year (FY) 2005-06 was reintroduced from FY2018-19 onwards at Rs 40,000, in lieu of removal of tax exemption for transport allowance of Rs 19,200 and medical reimbursement of Rs 15,000. The deduction limit was later enhanced to Rs...
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