Tag: Nirmala Sitharaman

Sensex, Nifty settle marginally down in volatile trade on eventful Budget day

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Sensex, Nifty settle marginally down in volatile trade on eventful Budget day

People walk past the Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: REUTERS Benchmark Sensex and Nifty settled marginally lower in volatile trade on Tuesday as the government proposed to hike securities transaction tax on futures & options in the budget for 2024-25. Recovering most of its intra-day losses of over 1,200 points,…

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Union Budget: Amount paid on share buyback to be treated as dividend and taxed in hands of shareholders, says Nirmala Sitharaman

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Union Budget: Amount paid on share buyback to be treated as dividend and taxed in hands of shareholders, says Nirmala Sitharaman

Photo used for representation purpose only. | Photo Credit: Getty Images/iStock Union Finance Minister Nirmala Sitharaman on July 23 said buyback of shares will be taxed in the hands of shareholders similar to dividend from October 1, a move that will increase the tax burden on investors. Further, the cost paid by the shareholder to…

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Business

Cigarette Prices Remain Unchanged After No Tobacco Tax Hike In Budget 2024

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Cigarette Prices Remain Unchanged After No Tobacco Tax Hike In Budget 2024

ITC’s stock price opened at Rs 467.05 per share on the Bombay Stock Exchange (BSE) today. New Delhi: The price of cigarettes will remain unchanged after the government announced no hike in the existing tax rates on tobacco products in the 2024 Union Budget. This came as a welcome move by ITC, India’s biggest cigarette…

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Union Budget 2024: Government To Spend Rs 15.27 Lakh Crore For 10 Major Sectors: Union Budget

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Union Budget 2024: Government To Spend Rs 15.27 Lakh Crore For 10 Major Sectors: Union Budget

New Delhi: The government has allocated Rs 15.27 lakh crore for major sectors, ranging from defence and rural development to social welfare and commerce, Finance Ministry data said Tuesday afternoon, shortly after Finance Minister Nirmala Sitharaman delivered a record seventh budget of her tenure. The data also indicated that around 21 per cent of government…

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Basic Custom Duty for Mobile, Budget 2024: Nirmala Sitharaman announces duty cut on mobile phones, PCBA and chargers

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Basic Custom Duty for Mobile, Budget 2024: Nirmala Sitharaman announces duty cut on mobile phones, PCBA and chargers

Union Budget 2024: FM announces duty cut on mobile phones, PCBA and chargers. | Photo Credit: Haider Ali Khan Union Finance Minister Nirmala Sitharaman, in her Budget speech on July 23, announced a cut on basic custom duty (BCD) to 15% on mobile phones, mobile printed circuit board assembly (PCBA) and mobile chargers. Currently, the BCD…

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Business

Bihar Cricket Body Welcomes Budget Announcement

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Bihar Cricket Body Welcomes Budget Announcement

Finance Minister Nirmala Sitharaman speaks in Parliament during her Budget speech. Finance Minister Nirmala Sitharaman on Tuesday made a host of Bihar-specific announcements in the Union Budget, which include developing sports infrastructure in the state. The announcements, said Ms Sitharaman, are in line to make to make the region an engine to attain ‘Viksit Bharat’…

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New Tax Regime Slabs To Be Changed, Standard Tax Deduction Increased From 50,000 To 75,000

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New Tax Regime Slabs To Be Changed, Standard Tax Deduction Increased From 50,000 To 75,000

New Delhi: Standard deduction in the new tax regime will be increased from Rs 50,000 to Rs 75,000, Finance Minister Nirmala Sitharaman said Tuesday as she announced the 2024 Union Budget.  Ms Sitharaman also announced revisions to tax slabs in the new regime. As a result, the Finance Minister told Parliament, salaried employees can save…

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Budget 2024, Union Budget 2024, Andhra Pradesh: Rs 15,000 Crore For Andhra Pradesh’s New Capital: Nirmala Sitharaman

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Budget 2024, Union Budget 2024, Andhra Pradesh: Rs 15,000 Crore For Andhra Pradesh’s New Capital: Nirmala Sitharaman

Budget 2024:Hyderabad ceased to be the capital of Andhra Pradesh on June 2 this year. New Delhi: Presenting her seventh straight budget, Finance Minister Nirmala Sitharaman on Tuesday said Andhra Pradesh will get support of Rs 15,000 crore to develop its capital. TDP Chief Chandrababu Naidu, the chief minister of Andhra Pradesh, is a key…

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