Income Tax Bill this winter session
The government will introduce a Bill for rationalising and simplifying the Income Tax law in Winter Session of Parliament. The Union finance minister P Chidabaram stated that the aim of the bill would be introduce low rate of taxation, automacity of compliance and selective interference by the government.
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India risks losing US military aid
A United States Congressman who was seeking to cut all foreign aid to countries which have voted consistently against the US at the United Nations has backed off a little after finding that India figured prominently in the "rogue's list" containing among others, Iraq, Syria, North Korea and Cuba.
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