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Algerian president Abdelaziz Bouteflika drops bid for fifth term

Algerian president Abdelaziz Bouteflika drops bid for fifth term

World
Algerian President Abdelaziz Bouteflika has postponed the 18 April presidential elections and said he will not seek a fifth term in office. President Bouteflika's candidacy had provoked mass protests across Algeria over the past few weeks.He has led Algeria for 20 years but has been rarely seen in public since he suffered a stroke in 2013.No new date for the election was set. A cabinet reshuffle will happen soon, a statement in Mr Bouteflika's name said.There was no suggestion in the announcement that the president intends to step down before a rescheduled election.Meanwhile, Algeria's Prime Minister Ahmed Ouyahia announced his resignation and was replaced by Interior Minister Noureddine Bedoui, who has been tasked with forming a...
Pope, Latter-day Saints president meet for first time

Pope, Latter-day Saints president meet for first time

World
March 9 (UPI) -- Pope Francis met Jesus Christ of Latter-day Saints prophet Russell Nelson in the Vatican on Saturday, marking a historic encounter between such leaders. A pope and prophet from the separate Christian religions had never met before in person. Francis, 82, and Nelson, 94, sat down for a 33-minute talk, which included issues of "mutual concern." "We talked about our mutual concern for the people who suffer throughout the world and want to relieve human suffering," Nelson said. "We talked about the importance of religious liberty, the importance of the family, our mutual concern for the youth of the church, for the secularization of the world and the need for people to come to God and worship Him, pray to Him and have the stability that faith in Jesus Christ will bring in th...
Finance Bill 2019 becomes Act: President okays interim Budget 2019

Finance Bill 2019 becomes Act: President okays interim Budget 2019

Finance
Tax deducted at source (TDS) threshold for interest income to be increased from Rs 10,000 to Rs 40,000 per financial year.ET Online|Updated: Feb 22, 2019, 02.35 PM IST TDS threshold for rental income to be increased from Rs 180,000 to Rs 240,000 per financial year.The interim budget 2019 finance bill has been assented to by the President on February 21 thereby making it an Act. This means that the proposals in the Finance bill 2019 including the tax changes now become law. The interim budget had proposed to increase standard deduction for salaried employees to Rs 50,000 for FY19-20 from Rs 40,000 in FY18-19 and provide full rebate of tax payable to all those earning upto Rs 5 lakh taxable income starting FY19-20. Other important new laws, proposals include: Proposed- Long-term capital gai...