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Lunch with BS: Piyush Pandey
Shyamal Majumdar / Mumbai December 22, 2009, 0:04 IST

Direct tax kitty swells 4 per cent in October
Hit by a drop in corporate tax revenues, direct tax collections rose marginally to Rs 20,822 crore in October, compared with Rs 19,708 crore in the corresponding month last year.

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Budget tax sops to help individuals save Rs 1,000/ yr
Individual tax payers will save only Rs 1,000 more a year following the government raising the tax exemption threshold by Rs 10,000 to Rs 1,60,000, whereas the benefit for senior citizens (65 years and above) will be higher at Rs 1,500.
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India expects its citizens to be safe in Australia

Dismissing Australian suggestions that Indian reaction on the issue of attacks was "hysterical", External Affairs Minister S M Krishna today said India expects that its citizens, whether they are students or otherwise, should be safe in that country. - India Infoline assigned top grading by Crisil - HSCI"s Rajasthan plant may start prodn in 2012 - Oz cops intensify Garg killer hunt; back Indian advisory - GM to commercially launch electric car, e-Spark in Oct - US markets end flat; ADRs mixed - Tea shortage to widen on rising demand "None of us needs to be hysterical but all that we expect is that Indian"s, whether they are students or otherwise, should be safe in the countries to which they go for pursuing their higher studies," he said reacting to reports of Australian government asking Indian leadership not to fuel "hysteria" over the issue. However, Australian High Commissioner Peter Verghese has denied the reports quoting his government"s acting Foreign Minister Simon Crean as having described the Indian reaction as "hysterical." "He did no such thing," the envoy said. Krishna also advised parents to be "discreet" and better informed about the courses and the institutions while sending their children for studies in Australia. "The kind of courses to which our students have been going are certainly not very encouraging...So I would suggest the Indian parents to be discreet. They better get informed themselves about what courses to send for and what courses not to," he said.


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