Economy News

Business growth in India at three-month high as PMI hits 61.4

The report revealed that this strong growth in private-sector business was driven by rising demand in the services sector

Jul 24, 2024

INDIA bloc calls Union Budget 'discriminatory', holds protest with placards

Holding posters, the leaders raised slogans against the government, saying that the Budget was for "kursi Bachao" only.

Jul 24, 2024

9 priorities of Union Budget: FM unveils road map for 'Viksit Bharat'

Union Budget: Foreign investors upbeat, UKIBC calls India 'the most exciting economic story'

UK India Business Council on Wednesday congratulated Finance Minister Nirmala Sitharaman and the government for an emphasis on facilitating foreign investments

Jul 24, 2024

Centre announces one crore houses for urban poor with Rs 10 lakh crore investment

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.

Jul 23, 2024

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

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Economy News

Business growth in India at three-month high as PMI hits 61.4

INDIA bloc calls Union Budget 'discriminatory', holds protest with placards

Union Budget: Foreign investors upbeat, UKIBC calls India 'the most exciting economic story'

Centre announces one crore houses for urban poor with Rs 10 lakh crore investment

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

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

Budget offers income tax sops for 4 crore salaried individuals

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

Comprehensive review of Income Tax Act announced in Union Budget

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

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

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

Union Budget 2024: What becomes costlier now?

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

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

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react