Budget focuses on fostering stable & mature equity investment environment
New Delhi, July 23 - In a bid to foster a more stable and mature investment environment, the government on Tuesday announced an increase in security transactions tax (STT) on futures and options trading, which is in line with the suggestions made by
Indonesia to extend online tracking system to copper, gold and bauxite
Jakarta, July 23 - Indonesia is planning to broaden its mineral and coal online tracking system, known as Simbara, to include several commodities, including copper, gold and bauxite, said the country's Minister for Energy and Mineral Resources Arifin Tasrif.
GST reduced tax incidence on common man, to be expanded to remaining sectors
New Delhi, July 23 - The Centre on Tuesday said Goods and Services Tax (GST) has decreased tax incidence on the common man, reduced compliance burden and logistics cost for trade and industry, and enhanced revenues of the Central and state governments.
Glad to know FM has read Congress manifesto, says Chidambaram
New Delhi, July 23 - After Union Finance Minister Nirmala Sitharaman introduced many schemes while presenting the Budget on Tuesday, former Finance Minister P. Chidambaram said that he is glad to know that the Finance Minister has read the Congress manifesto of 2024
Launch of NPS Vatsalya: PM Modi hailed for securing financial future of young citizens
New Delhi, July 23 - Finance Minister Nirmala Sitharaman on Tuesday announced that a New Pension Scheme (NPS) 'Vatsalya', a plan for contribution by parents and guardians for minors, will soon be launched by the government.
Budget 2024: Rs 1,000 crore VC fund to take Indian space startups to a higher orbit
Chennai, July 23 - In order to take the Indian space sectors to a higher orbit, Union Finance Minister Nirmala Sitharaman on Tuesday said the government will set up a Rs 1,000 crore venture capital (VC) fund.
Union Budget: Health experts hail Centre’s move to exempt customs duty on cancer drugs
New Delhi, July 23 - Calling it a welcome step, oncologists on Tuesday hailed the Central government’s move to exempt customs duty on three more cancer drugs.
Assessments to be reopened beyond 3 years only if escaped income is more than Rs 50 lakh
New Delhi, July 23 - The Union Budget for 2024-25 has proposed provisions to simplify the provisions for reopening and reassessment.
Centre cuts customs duty on mobile phones, components to 15 pc; industry upbeat
New Delhi, July 23 - The government on Tuesday announced to reduce the basic customs duty (BCD) on mobile phones, printed circuit board assembly (PCBA) and mobile chargers to 15 per cent from the current 20 per cent.
Union Budget 2024: What becomes cheaper and what’s costlier?
New Delhi, July 23 - With Finance Minister Nirmala Sitharaman announcing a major reduction in customs duty on cancer drugs and mobile phones, it is set to considerably bring down their prices in the market. The three cancer drugs are Trastuzumab deruxtecan, Osimertinib
Sri Lanka’s inflation rose to 2.4 per cent in June
Colombo, July 22 - Sri Lanka's inflation increased to 2.4 per cent in June from 1.6 per cent reported in May, according to the national consumer price index, the Department of Census and Statistics said on Monday.
Union Budget 2024: Govt to exempt three more cancer drugs from customs duty
New Delhi, July 23 - In a big relief to cancer patients, Union Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2024, exempted customs duty on three cancer drugs.
Union Budget gives major push to job creation with focus on youth, women & farmers
New Delhi, July 23 - Finance Minister Nirmala Sitharaman on Monday presented the Union Budget 2024 in Parliament on Saturday aimed at giving a major push to job creation with a focus on the country’s youth, empowering women and improving the incomes of
Centre announces one crore houses for urban poor
New Delhi, July 23 - Union Finance Minister Nirmala Sitharaman on Tuesday proposed an allocation of Rs 2.2 lakh crore for urban housing, along with a Rs 10 lakh crore interest subsidy scheme in the flagship Pradhan Mantri Awas Yojana (PMAY) scheme.
Budget offers income tax sops for 4 crore salaried individuals
New Delhi, July 23 - Finance Minister Nirmala Sitharaman offered a bonanza for four crore salaried individuals and pensioners with the Budget announcements for 2024-25.
Union Budget 2024: Govt announces over Rs 3 lakh crore for schemes benefiting women & girls
New Delhi, July 23 - Focussing on women-led development, the government on Tuesday announced more than Rs 3 lakh crore for schemes benefiting women and girls.
Glad to know Hon’ble FM has read Congress manifesto: Chidambaram
New Delhi, June 23 - After Union Finance Minister Nirmala Sitharaman introduced many schemes while presenting the Budget on Tuesday, former Finance Minister P. Chidambaram said that he is glad to know that the Finance Minister has read the Congress manifestation of 2024
Centre keeps capex at Rs 11.11 lakh crore or 3.4 pc of GDP
New Delhi, July 23 - Finance Minister Nirmala Sitharaman on Tuesday kept India’s FY25 capex outlay unchanged at Rs 11.11 lakh crore, as earmarked in the Interim Budget in February.
Union Budget: Mudra loan limit enhanced to Rs 20 lakh from Rs 10 lakh
New Delhi, July 23 - The government on Tuesday announced several measures to boost the sentiments of the non-farming business community and MSMEs, along with enhancing Mudra loans to Rs 20 lakh from Rs 10 lakh.
FM Sitharaman announces setting up of over 100 India Post Payment Bank branches in North East
New Delhi, July 23 - More than 100 branches of India Post Payment Bank (IPPB) will be set up in the North East region, Finance Minister Nirmala Sitharaman announced on Tuesday while presenting her seventh straight Budget in the Lok Sabha.