World Last Week: 30 June 2014- 6 July 2014


We bring you the news that you may have missed last week. Have a fast glance on it:

  • Key changes in this year’s Income Tax Return forms

The deadline for income tax filing is just a month away. Check the important changes before submitting the form.

  • Income Tax Exemption Limit May Get Doubled To Rs 2 Lacs

Currently the investments and expenditures up to a combined limit of Rs 1L get exemptions under Sections 80C, 80CC and 80 CCC of the Income Tax Act.

  • Google emerges as country’s best company to work for

This year saw the introduction of a Hall of Fame, where companies that have featured in the top 50 for five years in a row were recognised.

  • Top 10 agri stocks which can return upto 70% in a year

Hopes of pro-growth reforms from Modi govt have already fueled a rally in most of the agriculture-related stocks so far in 2014.

  • April-May Fiscal Deficit is 45.6% of Budget

Fiscal deficit, the gap between expenditure and revenue, in the first two months of 2013-14 was Rs 2.4 lakh crores or 45.6% of Budget Estimates for the whole financial year.

  • Software firms facing to lose high-value projects as clients setting up inhouse centres in India

While this trend may not be good news for IT services but it will generate new opportunities for employees in the software sector.

  • Five stocks that could benefit from a sub-par monsoon

According to IMD, the country has received a mere 92.4 mm of rainfall in June, which is 43% less than the average seen between 1951 and 2000.

  • Delhi-Agra high speed train sets new speed record, 200 kms in 90 mins

The introduction of high-speed links and bullet trains were one of the key poll campaign promises of Prime Minister Narendra Modi.

  • Budget 2014: The Long List of Reforms for Modi Government

The biggest challenge in front of India’s next government is to pull the economy out of its deepest slump. There are 10 reforms that need immediate attention.

  • Google to shut down Orkut social network, focussing on more popular services

Google is shutting down Orkut, its 1st foray into social networking and focussing on YouTube, Blogger etc. which are more popular.



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