PAK-2NDLDALL BLASTS 2LAST

Mar 04, 2013, 01.02 AM IST

PAK-2NDLDALL BLASTS 2LAST

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PAK-2NDLDALL BLASTS 2LAST

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Fires erupted in the apartment blocks and footage on Fires erupted in the apartment blocks and footage on television showed huge flames leaping into the night sky. Local residents used car headlights to help rescuers who searched for survivors in the rubble of apartments and shops destroyed by the blasts. Many people complained that rescue teams and the fire service took an inordinately long time in reaching the site of the blasts. Heavy machinery reached the spot almost two hours after the attack and residents rushed the injured to hospital in private vehicles and auto-rickshaws. Local media reports said security forces and senior officials were engaged in providing security for the engagement ceremony of a senior aide of the Sindh Chief Minister and this hindered rescue operations. Many top leaders of the Pakistan People's Party, including Prime Minister Raja Pervez Ashraf, were in Karachi to attend the engagement. The banned Lashkar-e-Jhangvi has claimed a string of recent attacks on Shias in other parts of Pakistan, including the southwestern city of Quetta. Abbas Town has been the target of terrorist attacks in the past too. On November 18, three persons were killed and more than 20 injured when a bomb went off outside an imambargah in the area. Last month, 91 people were killed in a bomb attack on a Shia area in the southwestern city of Quetta. President Asif Ali Zardari and Prime Minister Ashraf condemned the blasts. Ashraf ordered an inquiry into the incident and said those "targeting innocent civilians are serving the interests of anti-state and anti-social elements". The premier cancelled his official engagements and began overseeing rescue and relief operations. The Sindh government announced a day of mourning tomorrow while Shia groups called for a shutdown. Officials said all educational institutions in Karachi would be closed tomorrow while traders' associations called for markets to remain shut to protest the attack. PTI RHL ZH

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highlights

No case to revise direct tax rates, slabs
Super rich tax: 10% surcharge on income above Rs 1 cr
Modified provisions under GAAR effective April 1, 2016
No change in standard rate of excise duty, service tax

FM speaks to CNBC TV18
Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown

GAAR-Presumes tax benefit unless proved contrary
MFs covered for deductions u/s 80CCG
Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
ED on readymade garments exempted: positive textile sector

SECTOR IMPACT

Select Sector to see impact

Auto - Cars & Jeeps
Auto - LCVs/HCVs
Banks - Private Sector
Banks - Public Sector
Cigarettes
Computers - Hardware
Computers - Software - Training
Construction and Contracting - Real Estate
Electricals
Engineering - Heavy
Finance - General
Finance - Investments
Infrastructure - General
Leather Products
Media & Entertainment
Mining/Minerals
Miscellaneous
Personal Care
Pesticides/Agro Chemicals
Power - Generation/Distribution
Refineries
Shipping
Sugar
Textiles - Denim
Textiles - General

Textiles - General

18:52 pm

Exice Duty on readymade garments exempted +ve for textile sector

TAX AND YOU

Salaried Person

Kuldip Kumar

REACTIONS

reaction on: Markets

Mukesh Kumar

Head - Strategic Planning | HDFC ERGO General Insurance

reaction on: SME

Snehdeep Aggarwal

Founder & Chairman | Bhartiya International

reaction on: Policy

Sanjay Sanghvi

Partner | Khaitan & Co

reaction on: Business

Govind Shrikhande

MD | Shoppers Stop

reaction on: Business

Gaurav Gupta

Sr Director | Deloitte

What got Cheaper / costlier?

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