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The finance ministry has declared fund donation to the All India Institute of Medical Sciences (AIIMS) as tax-free to encourage more donors in the country for the apex health institution, a statement said on Monday. Accordingly to the ministry of finance, those who donate fund to AIIMS will now get 100 percent income tax deduction of donated amount from their taxable income.
GOVT INCREASES IMPORT DUTY ON WHEAT TO 25%
The decision was based on the continued fall in international prices of wheat and the anticipated adverse impact of increased imports during the first half of 2015-16.
SAKETH MYNENI CLINCHES THE TITLE IN THE $50,000 CHALLENGER IN HO CHI MINH CITY, VIETNAM
Davis Cupper Saketh Myneni showed his growing consistency in singles by clinching the title in the $50,000 Challenger in Ho Chi Minh City, Vietnam, on Sunday. The 27-year-old Saketh, ranked a career-best 168, fired 10 aces and converted three of four breakpoints to beat eighth seed Jordan Thompson of Australia 7-5, 6-3. It was the second Challenger title for Saketh after the one in Indore last season.
INFOSYS TO ACQUIRE NOAH CONSULTING FOR US$70 MILLION
CHINA ECONOMY LOGS WEAKEST GROWTH SINCE 2009
China’s economic growth dipped below 7 percent for the first time since the global financial crisis on Monday, hurt partly by cooling investment, raising pressure on Beijing to further cut interest rates and take other measures to stoke activity.
PAKISTAN TO APPOINT EX-ARMY GENERAL NASIR KHAN JANJUA AS NEW NSA
Replacing the incumbent mild-mannered Sartaj Aziz.Pakistan is set to appoint a retired general as the new National Security Advisor (NSA), in a move that shows further strengthening of army’s grip of security affairs of the country and its dealings with India.