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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…
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…
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 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…
New Delhi: Finance Minister Nirmala Sitharaman today announced a major reduction in customs duty on cancer medicines and mobile phones, which will significantly bring down their prices in the retail market. Imported gold, silver, leather goods and seafood will also get cheaper. “The government will exempt 3 more cancer treatment drugs from Customs duty. I…
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…
A month after N Chandrababu Naidu’s TDP and Nitish Kumar’s JDU helped the BJP cobble up a majority to return to power for the third time, the Modi 3.0’s Budget 2024 has earmarked key projects for the two states ruled by its friends in need — Bihar and Andhra Pradesh. Close on the heels of…
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Union Finance Minister Nirmala Sitharaman with team members shows the Budget paper before leaving for Rashtrapati Bhavan, at North Block in New Delhi on July 23, 2024. | Photo Credit: SHIV KUMAR PUSHPAKAR The Union Cabinet, headed by Prime Minister Narendra Modi, approved the full Budget for 2024-25, sources said. Following this, Finance Minister Nirmala…