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Watch: Budget 2024 | What is in store for West Bengal? The Chief Minister raised questions on Centre’s proposal to provide flood assistance to neighbouring Sikkim. In her Budget speech, Ms. Sitharaman referred to devastating flash floods and landslides that wreaked havoc in Sikkim and added that the government will provide assistance to the State….
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Image for representational purposes only. | Photo Credit: PTI Benchmark BSE Sensex declined for the fourth day in a row on July 24 due to selling in financial and banking shares and the government’s move to hike securities transaction tax and short term capital gains tax. The 30-share BSE Sensex declined 280.16 points or 0.35%…
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The INDIA bloc parties, led by the Congress, staged a walkout from the Rajya Sabha on July 24, in protest against all States, except two, being “ignored” in the Union Budget, an allegation termed “outrageous” by Finance Minister Nirmala Sitharaman, who said all the States never found a mention in any of the previous Budgets,…
Rajesh Kumar Singh, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT). File Removal of the Angel tax for startups was a long pending issue as this levy was on investment coming into the country and such overseas inflows should not be taxed, a top government official said. Rajesh Kumar Singh, Secretary, Department for…
Terming the Union Budget 2024 as “politically biased”, the CPI (M) State committee member Machha Venkateshwarlu hit out at the BJP-led Central government accusing it of meting out a raw deal to Telangana in the Union Budget. In a statement, he alleged that the Union Budget has grossly neglected the proposed 151-km Bhadrachalam Road-Kovvur new…
The logo of Reliance Industries | Photo Credit: Reuters Reliance Industries has received approval from the United States to resume importing oil from Venezuela, Bloomberg News reported on July 24, citing people aware of the development. The nod comes months after the refiner resubmitted a license request to the U.S. to import crude oil from…
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Hemant Soren. File | Photo Credit: PTI Jharkhand Chief Minister Hemant Soren on July 24 slammed the Centre for “neglecting” the State in the Union Budget, and alleged that the BJP leaders are “silent” over the dues from the Centre. He also claimed that the Centre owes ₹1.36 lakh crore to the State and demanded…
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New business activity in the services industry and manufacturing orders remained robust. File | Photo Credit: Reuters India’s business activity accelerated at its fastest pace in three months in July, thanks to strong demand, especially in the services sector, according to a survey that also showed companies hired at the fastest pace in over 18…
July 1991 marked a watershed moment in India’s history as the Liberalisation Budget, spearheaded by then Prime Minister P.V. Narasimha Rao and Finance Minister Manmohan Singh, ushered in a new era of economic reforms, Congress said. | Photo Credit: X/@Jairam_Ramesh Congress president Mallikarjun Kharge on July 24 recalled the “groundbreaking achievement of the Liberalisation Budget…
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File. | Photo Credit: Reuters The rupee was trading in a narrow range and fell 1 paisa to 83.70 against the U.S. dollar in early trade on July 24, weighed down by a weak risk appetite and dollar demand from importers. Forex traders said the increase in capital gains tax and removal of indexation benefits…
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