2. ENTIRE INTERST INCOME ON PF TO BE TAX-EXEMPT 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. 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.
3. BMW ARM GETS NBFC LICENSE World’ largest luxury car maker BMW Group has entered auto finance business in india. BMW has received the license to operate as a non-banking finance company (NBFC) from RBI. BMW Financial Services will help finance customers looking to buy BMW cars BMW Financial Services will be based in Gurgaon and has set up with an initial investment of $50 million.
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5. Nokia C3 allow users to:View Post Comment Share locations Update their status on social networks such as Facebook & Twitter
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7. FORBES: FIRST LADY IS WORLD’S MOST POWERFUL WOMEN 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. Mrs. Obama displaced German Chancellor Angela Merkel, who had held the top spot for the past four years. The US first lady landed in 40th place on Forbes 2009 list.
