Budget 2020 | Taxpayer opting for new tax regime to forego deductions on PF, children’s tuition fee, insurance
A taxpayer opting for new income tax slabs and rates will have to forego a host of exemptions and deductions, including a standard deduction of ₹50,000, tuition fee of children, and contribution towards insurance premium and provident fund. However, the new income tax system proposed by Finance Minister Nirmala Sitharaman in the Union Budget 2020-21 is optional and a taxpayer can choose to remain in the existing regime with exemptions and deductions. | Highlights of Union Budget 2020-21 | Nirmala Sitharaman’s budget speech | When Thiruvalluvar met Modi
Budget 2020 | Government has given up reviving economy or accelerating growth rate, says Chidambaram
“I am at a loss to understand what was the message intended to be conveyed by Budget 2020-21.” | BJP leaders heap praise, Modi hails it for having ‘vision and action’ | Budget reactions live | Sensex down by 988 points, Nifty below 11,700
Budget 2020 | Nirmala Sitharaman proposes 16-point action plan to boost agriculture, farmers’ welfare
Finance Minister refers to it as part of the “aspirational India” segment of government strategy. | Startups hail tax changes, say will help attract, retain talent | CEC, Election Commissioners will have to pay income tax on their perks | Sweeping proposals for rural development, health and education | Watch: Sector-wise highlights
Man opens fire in Shaheen Bagh area, no casualty reported
The incident comes two days after a youth fired on anti-CAA protesters at Jamia Millia Islamia.
Kunal Kamra demands apology, ₹25 lakh from IndiGo
In a legal notice, the stand-up comedian also seeks revocation of the airline’s “arbitrary” six-month ban on him from flying. | Explained: What are the airlines’ rules on misbehaviour onboard
Stay on execution of Nirbhaya case convicts: Delhi High Court to hear Centre’s plea on February 2
The Delhi High Court has also issued notice to DG (Prisons) and Tihar Jail authorities, seeking their stand on the Central govt.'s plea challenging the stay on their execution.
Coronavirus | Air India sends another flight to evacuate Indians from Wuhan
Another flight of the airline departed for the Chinese city from Delhi at 1.37 p.m. on February 1, officials said. The first flight, which evacuated 324 passengers from Wuhan comprised 211 students, 110 working professionals and three minors
Coronavirus | Death toll rises to 259, nearly 12,000 confirmed infections in China
The National Health Commission said in its daily update that 46 more people had succumbed to the respiratory disease. | U.S. declares coronavirus health emergency, bars foreign nationals who visited China | Africa mobilises against coronavirus as fears mount
Billionaires bombard U.S. presidential campaign with hundreds of millions in cash
Two billionaire Democratic presidential hopefuls, Michael Bloomberg and Tom Steyer, collectively spent about $389 million last year on their campaigns, more than the rest of the remaining Democratic field combined. Mr. Bloomberg launched his campaign in November and spent more than $188 million in two months, a sum sourced entirely from his personal wealth.
Joy and sadness: how the world reacted on Brexit Day
Reactions from leaders in Britain, and from around the world, were a mix of joy, resolve, sadness and resignation.
Australian Open | Sofia Kenin beats Garbine Muguruza to win first Grand Slam title
Kenin and Muguruza produced a fitting and intense final under the closed roofs of a packed Rod Laver Arena. | Sofia Kenin's Melbourne heroics forged from early family hardships
