Economy News

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

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

Economic Survey pegs India's GDP growth rate at 6.5-7 pc for 2024-25

The Economic Survey tabled by Finance Minister Nirmala Sitharaman in Parliament on Monday projects India's GDP growth rate at 6.5 to 7 per cent for 2024-25 as it sees the economy on a strong wicket.

Jul 22, 2024

Luxury homes worth crores selling like hot cakes in India this year

Aligned with the continuous momentum in the real estate industry, the sale of houses costing Rs 4 crore and above went up 27 per cent in the first half of this year.

Jul 20, 2024

Paytm share price sees positive momentum, as firm announces Q1 FY25 results

In a wider trend when stock prices of domestic technology majors are down by 2-2.7 per cent, One 97 Communications, the parent company that operates the brand Paytm, has seen an upward trend, after the firm announced its financial results for the first quarter of FY 2025.

Jul 20, 2024

Stock Market Down, Bear Market, Bearish, Sensex Down

Selloff frenzy grips Indian stock markets, investors lose Rs 8 lakh crore

The Indian equity market witnessed a sharp selloff on Friday, following weak global cues and profit booking on higher levels.

Jul 19, 2024

LIC shares witness huge support, records 78% surge in one year

India's largest insurance company, LIC's shares railed 78 per cent over the last one year, following strong operational performance or positive sentiment for PSU shares among the investors.

Jul 18, 2024

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Economy News

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

Monsoon Session of Parliament: A Confluence of Debate and Decision

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

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

Economic Survey pegs India's GDP growth rate at 6.5-7 pc for 2024-25

Luxury homes worth crores selling like hot cakes in India this year

Paytm share price sees positive momentum, as firm announces Q1 FY25 results

Selloff frenzy grips Indian stock markets, investors lose Rs 8 lakh crore

LIC shares witness huge support, records 78% surge in one year

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

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

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