India news
LIC may get a big shock due to new income tax option of government Know what will happen to your policy
Understand the new income tax option…
PC Modi, chairman of the Central Board of Direct Taxes (CBDT), told CNBC Awaaz in a special conversation that taxpayers will have both options for low-income and non-income tax income Choose a new system. Or stay in the old system. Where there is a tax exemption on saving.
In the new tax system, there will be an option to pay tax at a lower rate, but it will not get any benefit of deduction. For which option will be beneficial for taxpayers, they will have to calculate their tax liability under the new and old tax option.
All the deductions found under Chapter 6A of the Income Tax Act like Sections 80C, 80CCC, 80CCD, 80D, 80DD, 80DDB, 80E, 80EE, 80EEA, 80EEB, 80G, 80GG, 80GGA, 80GGC, 80IA, 80-IAB, 80 -IAC, 80-IB, 80-IBA, etc. You will not be able to take advantage of the new tax option.
How will this affect LIC – Experts say that LIC has a retail business participatory policy that provides middle and low income families with the aim of tax planning. Therefore, the biggest impact of reducing tax benefit will be on LIC. That is why there was a huge decline in the shares of insurance companies on the budget day. ICICI Prudential shares fell 12.6% and HDFC Life shares fell 5.8%, while SBI Life shares also slipped 8.6%.
On the other hand, it is also believed that the new tax option will not significantly affect the growth of the insurance company, because the new generation did not show interest in the savings products of LIC or other insurance companies and only took a term plan. If there is no tax benefit, they may want to keep more cash in their hands for consumption.
Also read- If you have more than one bank account, then know how many lakh rupees will be safe now?
Valuation of LIC may be reduced – According to the environment created in the market before the budget, the valuation of LIC was estimated to be Rs 8-10 lakh crore. At the same time, if the government sells 10 percent stake, it can get more than Rs 80,000 crore. This will help him achieve a major share of the disinvestment target of Rs 2.1 lakh crore fixed for FY21.
What will be the effect on the policy makers- Currently, three-fourths of India’s insurance market has a hold over LIC. However, last year itself, some wrong decisions of LIC regarding investment were also questioned. Now with the government’s decision to bring LIC IPO, it is believed that after the listing of LIC, there will be more transparency in the functioning of the company.
If the company performs better then the insurance holders will also get its benefit. Experts say that most of the policies of LIC are non-unit link. This means that if there is any fluctuation in the stock market, then the effect will not be seen on the policy. At the same time, the effect of better performance of the company will be seen positively on the investment of the people.
Rajouri terrorist attack: Two armed terrorists fired indiscriminately around 7:00 p.m. this Sunday in the Upper Dangri area of Rajouri, Kashmir, killing four people. Six others were injured in the attack. According to eyewitnesses, both terrorists attacked 3 minority houses near the temple in the Upper Dangri area, 8 km from Rajouri.
Eyewitnesses say that the terrorists allegedly attacked three houses here after seeing the Aadhaar card. Those killed in the attack have been identified as Pritam Sharma, his son Ashish Kumar, Deepak Kumar and Sheetal Kumar.
2 wounded were airlifted
Of the 6 people injured in this terrorist attack, 2 have been airlifted to Jammu. Several political and social organizations have called a bandh on Monday in Rajouri to protest against the attack. On the other hand, the security forces have carried out an exhaustive search operation in the area since Sunday night to arrest the terrorists.
condemned political parties
Where the Bharatiya Janata Party has resolved to eliminate terrorism from the Union Territory. At the same time, Congress called the incident “very serious” and exposed the government’s claims to improve the security situation in the Union Territory.
Congressional goal of government
The Congress spokesman said: “Congress strongly condemns the terrorist attack in Rajouri. The incident is very serious and shocking. It exposes the government’s claims to improve the security situation in the Union Territory.” The spokesman further said that the government has failed to protect minorities, first in Kashmir and now in Jammu.
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poplarsAgriculture is the economic backbone of the country. A large population is associated with this profession to carry out their daily lives. Wheat, corn, rice, oilseeds, legumes are the traditional crops. Farmers earn by planting them. Farmers also earn lakhs of rupees from horticultural crops. Experts say that in addition to traditional crops, farmers can earn thousands of rupees in profit. Today we are going to talk about such a crop. The cultivation of popular trees has increased in the country. People are demanding this not only in the country but in the world. The wood of this tree is sold at a high price in the market.
Popular needs that land
It is necessary to have a fertile soil for poplar plants. Planting trees in agriculture with organic elements improves agriculture. Poplar plants should not be planted in soil that is alkaline in nature. The pH value of the soil should be between 5.8 and 8.5. The temperature should be 18 to 20 degrees for planting. Popular trees grow well at a maximum temperature of 45 degrees and a minimum of 10 degrees. Tree development is best in a minimum temperature of 10 degrees and a maximum temperature of 45 degrees.
Plant a popular tree like this
Poplars have deep roots. Deep plowing is fine for this. Leaving water in the field after plowing. After getting out of the water, plow the field two or three times with a rotavator. After this, level the field with the machine. There must be a distance of 5 meters while preparing the line on the field. Transplant the plants in rows 5-6 meters apart into prepared 1-meter-deep holes. Popular trees are good from January to February. The period between February 15 and March 10 is best for transplanting poplars.
You can earn 10 lakh rupees on one hectare
Poplar saplings are not very expensive. But when it comes to selling, its price is very high. Experts say that the price of wood from popular trees is 700 to 800 rupees per quintal. 250 trees can be planted on one hectare. The average height of a tree is about 80 feet. One can earn up to Rs 8-10 lakh from a popular tree in 1 hectare. In the country, a large number of farmers from Bijnor of Uttar Pradesh are involved in the cultivation of folk. Popular countries and abroad can be shipped from here.
Disclaimer: Some of the information provided in the news is based on media reports. Brother farmers, before implementing any suggestion, consult the expert in question.
Also read this: foreigners are also crazy about this purple potato… Demand is increasing rapidly, you will be surprised to learn about the benefits.
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IND vs SL 1st T20 Playing XI & Pitch Report: 3 series of T20 matches will be played between India and Sri Lanka. After this T20 series, an ODI series will be played between the two teams. However, the first match of the 3 T20 series will be played on Tuesday at the Wankhede Stadium in Mumbai. The captain of the Indian team in this series will be the versatile Hardik Pandya. Earlier, the India team had to face defeat in the semi-final match of the T20 World Cup. Apart from this, Sri Lanka’s performance in this tournament was also disappointing.
Will Wankhede’s wicket be friendly?
The first T20 match of the series between India and Sri Lanka will be played at Wankhede Stadium in Mumbai. Speaking of the Wankhede wicket, it’s a great wicket to bat at. After landing on this pitch, the ball comes to bat fast. Because of this, he is easy to hit. Apart from this though, there is help for the bowlers at the Wankhede wicket. Especially, fast bowlers get help at the wicket from Wankhede. Apart from this, fast bowlers get swing and good movement.
Possible XI of Team India for the first match of T20-
Ishan Kishan (week), Shubman Gill, Suryakumar Yadav, Deepak Hooda, Hardik Pandya (c), Sanju Samson, Washington Sundar, Harshal Patel, Yuzvendra Chahal, Arshdeep Singh and Umran Malik
Sri Lanka’s possible XI for the first match of T20-
Pathum Nissanka, Kusal Mendis (week), Avishka Fernando, Charit Aslanka, Bhanuka Rajapaksa, Dasun Shanaka (c), Wanindu Hasaranga, Chamika Karunaratne, Mahesh Theekshana, Lahiru Kumara and Dilshan Madushanka
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