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New Delhi [India], Feb. 2 : Aiming to provide further incentives to the National Pension System (NPS) subscribers, new provisions were introduced in the Finance Bill 2017 in Parliament on Thursday.

The existing provision of Section 10 (12A)of the Income Tax Act, 1961, provides that payment from NPS to a subscriber on closure of his account or opting out shall be exempt up to 40 percent of total corpus at the time of withdrawal .

The amount utilised for purchase of annuity is also tax exempt. At the time of normal exit, 40 percent of the total corpus is mandatorily required to be purchased for annuity. The subscriber has the option to use higher amount for purchase of annuity.

New Delhi [India], Feb. 2 : JGC Corporation and NEC Corporation announced their cooperation in the provision of data analysis services for plant operations using AI (Artificial Intelligence) and IoT (Internet of Things) technologies.

The cooperation, which the two companies agreed to in a memorandum concluded in November 2016, involves joint development of systems that detect signs of abnormalities in plant operations and provide related services for plants serving the oil refinement, chemical, LNG (liquefied natural gas) and gas, power, resource development, and other fields.

New Delhi [India], Feb. 2 : After the announcement of the General Budget 2017-18, Prashant Solomon, Managing Director, Chintels India Pvt Ltd and Treasurer, CREDAI NCR said that the initiatives suggested will surely be integral to the growth of real estate in the country, as well as end its isolation.

"Apart from affordable housing being granted infrastructure status, the sizes of what is considered as affordable housing has been taken as 30 sq. mt and 60 sq. mt carpet area as against the super area which was there before, " said Solomon.

New Delhi [India], Feb. 2 : Kenny Ye, GM-Overseas Business, Alibaba Mobile Business Group lauded the Finance Minister Arun Jaitley for this year's General Budget, saying that it is a 'Budget for the masses'.

Speaking on the digital front, Ye appreciated Jaitley's initiative towards digitisation and and expansion of the Bharat Net project, which will ensure high-speed broadband to 1.5lac gram panchayats via Wi-Fi.

"With increasing smartphone penetration and push for high-speed broadband connectivity in rural areas, a massive digital revolution is imminent in India," Ye added.

Ajay Laddha, Co-Founder, YMS Mobitech Pvt. Ltd shared similar views on encouraging cashless transactions.

New Delhi [India], Feb. 2 : In her Hollywood debut, reigning queen of Bollywood Deepika Padukone is seen portraying a strong character who is a key player in the group she represents. This, according to the stunning actress, was the most exciting part of the film.

In an interview with Filmfare, Deepika gave us a glimpse of her true blue feminist side as she said, "The fact that the female character of this film is so strong has been the most enjoyable aspect. That's also a reflection of modern society where women contribute so much more. A few years ago, in the same kind of film, perhaps my character would be the damsel in distress who needs to be rescued."

New Delhi [India], Feb. 2 : Hailing the Union Budget's focus on power and energy, Schneider Electric India has said the country needs to make a concerted effort in promoting energy efficiency by reducing its dependence on fossil fuels and curtailing carbon footprints.