Small savings schemes like NSC, MIS back in favour
Of the 3 post office schemes, namely, the NSC, MIS and KVP, tax exemption up to Rs 1 lakh under section 80C of the Income Tax Act is available only to the NSC.
TCS, Wipro, Infosys, loosen purse strings to retain staff
Cos such as Cognizant, SAP, Mahindra Satyam, TCS, Wipro, Infosys, Oracle, etc may offer a pay hike of 7-15% at operational level and 12-18% at senior levels.
Coming soon: Big-ticket sedans & SUVs in next 18 months
Half-a-dozen new vehicles are planned over the next 18 months, starting from the Rs 8 lakh price point and running up to Rs 1 crore. Skoda Yeti | Tata Aria
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