Indian Business

What’s inside Airbus 320 of Air India

Airbus A320 is one of the most comfortable 140 seater with ample space wide seats and now its a part of Air India.  Here is the list of facilities available inside A 320 20 seats in Executive Class and 120 seats in Economy Class.  The cabin is spacious and the seats are wide and comfortable.  Equipped with the Thales i3000 entertainment system.  Passengers flying ...

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Railway Freight decision awaits

Keeping in mind the inflation, our Railway Minister, Mamta Banerjee in consideration with Finance Minister wants to withdraw the decision of levying service tax on rail freight. In the Union Budget it was decided of levying service tax of 10.3% on “service provided in relation to transport of goods by rail” with effect from April 1.  Last financial year also ...

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Nissan’s Micra : Another Small Car coming to India

Since last year Indian Car industry is flodded with small cars right from Tata Nano to  Reva and now its turn for Nissan’s Micra, which has  Nissan’s new V platform, a 1.2-litre, 3-cylinder petrol engine which will produce only 115g/km of CO2 emissions according to the stats. The care was demoed in the Geneva Motor Show. The car will start manufacturing in ...

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Tata bringing Electric Nano

We already been hearing Tata Working on greener solution by testing hydrogen fuel drive busses but seems like this post @ mnn is pointing to an electical version of Tata Nano to be around soon or is already oout ( Cant find any official announcement yet ). Update : “The electric Nano will be launched in Europe in two-and- a-half ...

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How Budget has impacted Insurance Plans

Like many other segments, insurance plans do have an impact on Aaam Admee for paying service tax.  Finance Minister Mr. Pranab Mukharjee has proposed to remove service tax which was collected on Insurance schemes except from ones which include FMC which will result in lower premium which is a good news. What is FMC ? FMC stands for Fund Management charges which is charged when there is ...

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Purpose Code introduced for PayPal Indian Banks Transfer

Looks the problem which was going on in between PayPal and RBI has found a solution now. According to recent post on PayPal Blog,Farhad Irani has  declared and also introduced “Purpose Code”  which will be required when any body wants to make transfer of money from PayPal to Indian Bank account.  Our speculation was pretty much right about RBI fine tuning things. ...

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Which services are added under 10% Service Tax

Looks like Government have finally aimed to gather more revenue from services rather than on how much income you make which has broader spectrum than revenue generated from Income Tax becuase now you get moeny from both sides in many cases. The Latest Budget has now added more categories under 10% service tax. Here is the list : Service Promoting ...

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Kolkata Metro Expansion Plan

Looks like Kolkata Metro is planning to expand in and around the city in coming years and this is a good news for daily travelling people who are tired of travelling in no foot space buses where you get crushed every moment. There are Four Metro Project that has to be met and Mamta’s Railway Budget has brough 450 Crore ...

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How much Tax you will save : Income Tax Slab changes

Finance Minister Mr. Pranab Mukherjee has given a big relief to the middle class salaried segment after his today’s Budget announcement for the next Financial year. Finance minister has proposed the following Tax slab for the individual tax payer. A comparative picture of present Tax slab & proposed Slab is as follows. ( Incomes and Savings when compared to last ...

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Indian Railway Budget : Things you should know

Indian Railway Minister, Mamta Banerjee, has laid down a special concession for the cancer patients and film technicians in this railway budget. Cancer patients going for treatment or checkups will now enjoy 100% concession in third AC. In first and second  AC the concession remains unchanged to 50%. This is inclusive of any family member going with the patient. Film ...

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