World in your Hands

In   order to keep a check on black money, the government has put a Rs 3 lakh limit on cash transactions. The move is aimed at encouraging digital transactions and keeping a tab on financial transactions through cash. Additionally in a move which could be beneficial for millions of employed people the tax rate on those earning between Rs 2.5-5 lakhs has been reduced to 5 percent from the existing 10 per cent. For those whose annual income is Rs 50 lakh to Rs 1 crore, Jaitley has proposed a surcharge of 10 per cent.  The 15 per cent surcharge on incomes above Rs 1 crore will continue. Here are other highlights from the budget speech. 1. India stands out as a bright spot amid world economic gloom. 2. Our focus will be on energising youth to reap benefits of growth and employment. 3. IMF estimates world GDP will grow by 3.4 per cent in 2017. 4. Oil prices, rising dollar and volatile commodity prices are seen as risks to the Indian economy.   5. India is seen a

Leg-spinner   Yuzvendra Chahal   claimed six wickets to demolish England and hand India a 75-run series-clinching win in the third and final Twenty20 international in Bangalore on Wednesday. Chahal recorded his T20 best of 6-25 to help skittle out England for 127 in 16.3 overs. The visitors, chasing 203, lost eight wickets for eight runs in the space of 18 deliveries. The 23-year-old Chahal became only the second bowler in T20 cricket to get six wickets in an innings after Sri Lanka's Ajantha Mendis achieved the feat twice with figures of 6-8 and 6-16. The attacking spinner started England's batting rot in the 14th over of the innings, getting dangermen Joe Root (42) and skipper   Eoin Morgan   (40) on consecutive deliveries to derail the tourists' chase. Root and Morgan had kept the chase alive with their 64-run third-wicket stand but the innings fell apart after their departure. Chahal got three wickets in his fourth over to rip through the England middle and