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BUDGET 2017-2018 Special

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-The latest income tax slabs for 2017-2018 can be found here - Income tax slabs 2017-18.

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Free Income Tax calculator for calculating tax for 2017-18.

India bans export of rice

In an effort to control rising food costs, Government of India has banned the export of rice. The export ban is applicable to non-basmati rice varieties.

India is the third largest exporter of rice in the world and second largest producer of rice.

The shortage of rice is a global issue since production of rice has declined to a 25 year low. The move by India government is expected to raise the price of rice further in the global market.

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