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The below two comments are with respect to the article titled ‘Smart finance, spicy romance’ published on February 14.
Financial compatibility is as critical as emotional bonding, for couples.
Knowing each other’s financial knowledge and investments, and aligning for a longer-term, sustainable and stable relationship is the key.
––Bal Govind
––Rasika Ranganathan
Thanks for the prompt response to my email query about the IPO recommendation on RailTel. I read the article in
BusinessLine dated Feburary 18.
It will be really helpful if the analysis can be published a day prior to the opening of the IPO.
––Chetan.
Apologies for the delay this time around. It was due to some unavoidable circumstances.
No tax benefit on ULIPs, high PF contribution
February 01, 2021
PF contributions enjoyed tax deduction under Section 80C up to a maximum contribution of ₹1.5 lakh per year - Getty Images/iStockphoto
PF contributions enjoyed tax deduction under Section 80C up to a maximum contribution of ₹1.5 lakh per year - Getty Images/iStockphoto×
With the new proposal, interest on contribution of over ₹2.5 lakh to Employee Provident Fund will be taxed
The Budget 2021-22 has tightened provisions for high-income earners taking advantage of popular tax-saving investment options.
Firstly, interest earned on PF contributions over ₹2.5 lakh is taxable. This provision shall be applicable on contributions made on or after April 1, 2021. This is a continuation of the government’s move last year to set an aggregate limit of ₹7.5 lakh for employer contributions to the PF, National Pension System (NPS) and superannuation fund, any contribution beyond whichwas made taxable.
Funding avenues for infrastructure multiplied
Keerthi Sanagasetti
BL Research Bureau |
Updated on
February 01, 2021
The FM continued to play on the infrastructure theme in this budget as well. The most notable announcement was the proposal to set up the much awaited Development Financial Institution (DFI). The FM promised to infuse equity of ₹20,000 crore, into the DFI, and is expected to provide funding of ₹5-lakh crore , within three years. Besides, notified infrastructure debt funds will now be eligible to raise funds by issuing tax efficient zero coupon bonds.
These moves, aimed at increasing the funding sources for the projects lined up under the ambitious National Infrastructure Pipeline (now 7,400 projects), are a welcome move for the companies in this space. These measures, coupled with the 34 per cent increase in the capital expenditure outlay in FY22 (over the budgeted estimate of FY21) to ₹5.54-lakh crore, could imply significant order inflows for infrastructu