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Union Finance Minister Nirmala Sitharaman during a post-Budget press conference in New Delhi on July 23, 2024. | Photo Credit: ANI In a major respite for India’s fledgling startups, Union Finance Minister Nirmala Sitharaman, presenting the Union Budget in Parliament on July 23, announced scrapping the contentious Angel Tax on foreign investments received by such…
Bihar Chief Minister Nitish Kumar. File Photo | Photo Credit: ANI Giving importance to Chief Minister Nitish Kumar, a key alliance partner of the Narendra Modi government, Union Finance Minister Nirmala Sitharaman on July 23 announced to sanction ₹58,900 crore to Bihar in the 2024 Union Budget. This includes ₹26,000 crore for road projects, a…
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Image for representation. | Photo Credit: The Hindu Union Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 on July 23, 2024, stressing on her government’s nine priorities. Click here for The Hindu’s live coverage of the Union Budget 2024-25 Ms. Sitharaman said that the Budget will focus on productivity and resilience in agriculture, employment…
Employees gather at Ramlila Maidan in New Delhi, during the “Pension Shankhnaad Maharally”. File | Photo Credit: Shiv Kumar Pushpakar Finance Minister Nirmala Sitharaman on July 23 said a solution will be evolved with respect to the New Pension Scheme (NPS) that will address relevant issues and ensure fiscal prudence. Last year, the finance ministry…
Union Finance Minister Nirmala Sitharaman during the ongoing monsoon session of Parliament. | Photo Credit: ANI Finance Minister Nirmala Sitharaman proposed legislative support to provide financing for leasing aircraft and ships in India in a bid to protect airlines from foreign exchange risks. “We will seek the required legislative approval for providing an efficient and…
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Union Finance Minister Nirmala Sitharaman. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on July 23 proposed to increase the rate of securities transaction tax (STT) on futures and options (F&O) trade to discourage retail investors’ participation in the risky instrument. “It is proposed to increase the rates of STT on the sale of an…
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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,…
Read More “Sensex, Nifty settle marginally down in volatile trade on eventful Budget day” »
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…
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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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…