ENTIRE INTERST INCOME ON PF TO BE TAX-EXEMPT<br />Finance ministry has assured the Employees Provident Fund Organization, or EPFO , that the entire 9.5% interest on the accumulated corpus of account holders for the current fiscal will not be taxed.<br />EPFO declared a one percentage point higher interest for the current year after it discovered Rs 1731 crore of surplus funds in one of its accounts.<br />
BMW ARM GETS NBFC LICENSE<br />World’ largest luxury car maker BMW Group has entered auto finance business in india.<br />BMW has received the license to operate as a non-banking finance company (NBFC) from RBI.<br />BMW Financial Services will help finance customers looking to buy BMW cars<br />BMW Financial Services will be based in Gurgaon and has set up with an initial investment of $50 million.<br />
NOKIA LAUNCHES C3 IN INDIA<br /><ul><li>Nokia announced launch of Nokia C3 in India, first device to bring a full QWERTY keyboard to world’s most popular mobile phone platform- Series 40.
Nokia C3 allow users to:</li></ul>View<br />Post<br />Comment<br />Share locations<br />Update their status on social networks such as Facebook & Twitter <br />
CONTD….<br /><ul><li>It is for the first time preloaded with:</li></ul>Ovi mail: to set up email<br />Ovi Chat: to create chat accounts straight from the device widout PC<br /><ul><li>Other features include:</li></ul>Megapixel camera<br />Rich colour screen<br />Support upto 8GB memory card<br />
FORBES: FIRST LADY IS WORLD’S MOST POWERFUL WOMEN<br />In annual rankings of the 100 most powerful women released Wednesday, Forbes says President Barak Obama’s wife has been a “ true change-maker” since coming to the White House.<br />Mrs. Obama displaced German Chancellor Angela Merkel, who had held the top spot for the past four years.<br />The US first lady landed in 40th place on Forbes 2009 list.<br />