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Monday, 6 July 2009

Daily news letter from THE TIMES OF INDIA

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July 06, 2009
Top Headlines

Pranab raised I-T exemption limit, scraps Fringe Benefit Tax
Finance minister Pranab Mukherjee has proposed to increase income tax exemption limit for senior citizens by Rs 15,000 and for women and others by Rs 10,000 each.

Steep 34% hike in defence Budget
To fast-track procurement of defence equipment, the government has hiked the budgetary allocation for defence to Rs 1,41,703 crore, a 34% increase over the previous fiscal.

China says at least 140 dead in rioting due to ethnic unrest
China said that at least 140 people were killed in rioting by Muslim Uighurs in its restive Xinjiang region in the deadliest ethnic unrest reported in the country for decades.

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Cities

Panjab University gets Rs 50 crore
Finance minister Pranab Mukherjee has announced a grant of Rs 50 crore for Panjab University in Chandigarh, the alma mater of Prime Minister Manmohan Singh.

Bal Thackeray admitted to hospital
Shiv Sena sources said that the 82-year-old, Bal Thackeray, has been admitted to the Lilavati hospital for a routine check-up and there is no cause for concern.

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Business

Sensex's biggest Budget day fall, down 870 points
Disappointed that the Budget did not say anything on the policy front, the Sensex tanked 900 points soon after Pranab Mukherjee's speech.

LCD TVs, mobiles, select life saving drugs cheaper, set-top box costlier
Select life saving drugs, LCD TVs, mobile phones, branded jewellery, sports and packaged software, and footwear are among items that would cost less after the Budget.

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Sports

Roger Federer is world number one again
Tennis star Roger Federer's Wimbledon triumph, a record 15th Grand Slam title, has seen him regain the world number one spot from arch rival Rafael Nadal.

Rahul Dravid in Champions Trophy probables
Rahul Dravid found himself back in the ODI reckoning after the former cricket captain was named in India's 30-member probables list for the Champions Trophy.

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Entertainment

I will never throw a party again: Priyanka
Priyanka Chopra confesses that she suffers from Obsessive Compulsive Disorder, gets stressed out at the thought of messy guests leaving their mark on her precious upholstery.

Jackson, nanny were in love
"Michael Jackson was dating his children's nanny before his death, Grace loved Michael and he loved her. The kids called her 'mom'," says the singer's personal photographer.

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Infotech

STPI extention to help IT fight slowdown: Pranab Mukherjee
The government announced one-year extension of the tax holiday scheme for software exporting firms up to March 2011 and removed the fringe benefit tax.

Satyam regaining clients: CEO
"Satyam Computer, at the center of India’s biggest corporate fraud probe, is regaining customers after its takeover by Tech Mahindra Ltd," CEO Chander Prakash Gurnani said.

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