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Nothing new in taxing perks: Chawla
The Finance Ministry today said asking the employees to pay taxes on their perquisites is not new because such incentives were under the net even prior to the Fringe Benefit Tax (FBT).

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Rebound expected early next week
The two main indices—the Nifty and the Sensex—staged strong intraday rebound on Friday in choppy trades and extended gains for the second straight day. The Nifty bounced back from an intraday low of 4,766 to close at 4,882 on short-covering in interest rate-sensitive sectors such as auto, banks and realty.
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Sheikh Hasina leaves Dhaka to attend Basu's funeral

Bangladesh Prime Minister Sheikh Hasina today left for Kolkata along with several Cabinet ministers to attend the funeral of Marxist patriarch Jyoti Basu. - Sonia, leaders to pay homage to Basu - B"desh Parliament mourns Basu"s death - Mourners throng Basu"s home, party HQ to pay homage - India agrees to cede 17,000 acres to Bangladesh - BNP to protest "compromising" treaties with India - Get your facts right Ruling Awami League led Grand Alliance partners Jatiyo Party chief and former President H M Ershad, Worker"s Party chief Rashed Khan, Jatiyo Samajtantrik Dal president Hassanul Haque Inu were among others accompanying Hasina at an air Force jet that flew off to Kolkata. Deputy leader of the House Sayeda Sajeda Chowdhury, agriculture minister Matia Chowdhury, foreign minister Dipu Moni and several other Awami League leaders are also travelling with Hasina to pay homage to Basu, who had ancestral link to Bangladesh. Basu, who died on Sunday at 95, was the longest-serving Chief Minister of West Bengal for 23 years from 1977 at the head of CPI(M)-headed Left Front government. Basu"s ancestral home is Barodi village in Sonargaon in Narayangunj district adjoining Dhaka. Basu"s father Nishikanta Basu hailed from that village and the Marxist patriarch"s desire to visit his ancestral home remained unfulfilled.


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