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Angel Tax Abolished in Budget 2024: Major Boost for Indian Startups [Here's How]

The Indian government has abolished the controversial angel tax on startups, a move hailed as a major relief for the startup ecosystem.The abolition is expected to benefit over 80,000 startups registered with the Department for Promotion of Industry and Internal Trade (DPIIT).

Jul 23, 2024

Union Budget 2024: Govt announces over Rs 3 lakh crore for schemes benefiting women & girls

Focussing on women-led development, the government on Tuesday announced more than Rs 3 lakh crore for schemes benefiting women and girls.

Jul 23, 2024

Budget offers income tax sops for 4 crore salaried individuals

Finance Minister Nirmala Sitharaman offered a bonanza for four crore salaried individuals and pensioners with the Budget announcements for 2024-25.

Jul 23, 2024

Centre convenes all-party meet today ahead of Budget Session

Glad to know FM has taken note of some schemes from Congress manifesto, says Chidambaram

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 Lok Sabha elections.

Jul 23, 2024

Comprehensive review of Income Tax Act announced in Union Budget

Finance Minister Nirmala Sitharaman announced a comprehensive review of the Income Tax Act, 1961 to simplify the tax regime. The tax regime for charities, TDS rate structure, and capital gains taxation are also being simplified. The government's efforts to simplify taxes are part of a broader effort to improve taxpayer services and reduce litigation. The government also announced measures to make life and health insurance plans more affordable.

Jul 23, 2024

Union Finance Minister Nirmala Sitharaman

Union Budget gives major push to Bihar but ends with promise to facilitate 'loans' for AP capital

Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2024 in Parliament aimed at giving a major push to Bihar than Andhra Pradesh in view of the upcoming elections in the state.

Jul 23, 2024

Indian real estate registers $2.5 bn in investments in Q2

Union Budget: Centre to assign ULPIN to all land in rural areas, realtors upbeat

Finance Minister Nirmala Sitharaman on Tuesday, while presenting the Union Budget in Parliament, announced a slew of land-related reforms and action proposals, including assigning Unique Land Parcel Identification Number (ULPIN) to all land in rural areas.

Jul 23, 2024

Cancer drugs -- Trastuzumab deruxtecan, Osimertinib and Durvalumab -- to get exemption from customs duty

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.

Jul 23, 2024

Union Budget 2024: What becomes costlier now?

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 and Durvalumab.

Jul 23, 2024

Assessments to be reopened beyond 3 years only if escaped income is more than Rs 50 lakh

An assessment can be reopened now only when it's beyond three years from the end of the assessment year and if the escaped income is Rs 50 lakh or more.

Jul 23, 2024

Union Budget: Markets bet big on defence, capital goods, electronics manufacturing, tourism

Budget 24-25: FM all set to present her 7th Budget with major reforms

The Union Budget is unlikely to leave any subject that was not under focus during the recent elections

Jul 23, 2024

YouTube crashes in India: App and website down for some users [details]

Some YouTube users in India reportedly experienced trouble uploading videos on the app and website of the Google-owned platform on Monday.

Jul 22, 2024

Monsoon Session of Parliament begins today

Monsoon Session of Parliament: A Confluence of Debate and Decision

Key bills to be presented include the Bharatiya Vayuyan Vidheyak, 2024, and the Disaster Management (Amendment) Law Bill. The opposition, led by Congress, plans to challenge the government on issues such as public examination irregularities, price rise, and unemployment.

Jul 22, 2024

Economic Survey 2023-24: Economy continues to expand, inflation largely under control

The Centre on Monday tabled the Economic Survey 2023-2024 in the Lok Sabha. The survey presented by Finance Minister Nirmala Sitharaman and prepared by the Economic Division under the Ministry of Finance provides a detailed analysis of the economic performance for the fiscal year 2023-24.

Jul 22, 2024

India's inflation rate 5.6% higher than most other nations: Bank of Baroda

Retail inflation at 5.4 pc in FY24, lowest since pandemic: Economic Survey 2023-24

Timely policy interventions by the government and the Reserve Bank of India's (RBI) price stability measures helped retail inflation stand at 5.4 per cent -- the lowest since the pandemic

Jul 22, 2024

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