From April 1, new home-buyers will not be able to enjoy additional tax deduction of up to Rs 1.5 lakh on interest paid on home loans. The benefit, available under section 80 EEA, was announced in Budget 2019 to encourage purchase of affordable housing units. Limited period benefits under Section...

The cabinet has approved the proposal to increase the dearness allowance for central government employees and pensioners by 3 per cent to 34 per cent of the basic pay from 31 per cent previously, effective January 1, 2022. That increase in DA is per the accepted formula, which is...

The Lok Sabha on March 25 passed the Finance Bill 2022, which gives effect to new taxation, thus completing the Budgetary exercise for 2022-23 fiscal. The Finance Bill was approved by the Lower House after accepting 39 official amendments moved by Finance Minister Nirmala Sitharaman and rejecting the amendments proposed by...

Delhi-NCR-based developer Supertech, which has several ongoing projects in Noida, Greater Noida, Gurugram and Ghaziabad, went into insolvency on March 25  after the Delhi bench of the National Company Law Tribunal admitted a petition filed by the Union Bank of India for non-payment of dues. This order may impact...

The Russian ruble fell to fresh record lows on Monday while world stocks slid and oil prices jumped, as the West ramped up sanctions against Russia over its Ukraine invasion, with steps including blocking banks from the SWIFT global payments system. Russia’s central bank hiked its key interest rate to 20%...