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PM Modi to inaugurate 13.71-km Metro line in Bengaluru today

  Inaugurating the stretch from the Whitefield (Kadugodi) Metro to Krishnarajapura (KR Puram) Metro Line of the Reach-1 extension project will be inaugurated at Whitefield (Kadugodi) Metro Station around 1 pm, Modi will also undertake a ride in the train. Modi, who is scheduled to arrive in Bengaluru Saturday morning, will first travel to Chikkaballapura for the inauguration of the Sri Madhusudan Sai Institute of Medical Sciences and Research (SMSIMSR) at 10.45 am. The SMSIMSR, which will start functioning this year, will provide medical education and quality medical care free of cost. Built at a cost of around Rs 4,250 crores. the KR Puram-Whitefield line is aimed at reducing the travel time to 24 minutes, which otherwise would take over an hour by road. The stretch, which includes 12 stations, will also have direct walkway access to the ITPL campus at Pattandur Agrahara Metro station and is likely to benefit 3 lakh passengers. It is the part of the much-awaited 15.81 km stretch o...
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Bid to remove tax benefit from debt funds is hasty

 There is an uproar in the Indian investing community over the collapsing of the long- and short-term tax status of debt funds, removing the indexation benefit from financial year 2023-24 and the manner in which it was pushed through. There is an uproar in the Indian investing community over the collapsing of the long- and short-term tax status of debt funds, removing the indexation benefit from financial year 2023-24 and the manner in which it was pushed through. In what looks to be a hasty, non-debated move, finance minister Nirmala Sitharaman’s fifth budget passed, along with an amendment that set of a series of detonations across the Indian market-linked investing community. While tax changes are par for the course, it is the sheer absurdity of this move that has left people scratching their heads. Amendment 20 takes away the long-term tax rate of 20% with indexation and collapses it with the short-term rate for debt mutual funds that invest no more than 35% of their assets in ...
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