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Economy
NextGen Reforms to create more jobs, boost growth soon: FM
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday announced in her Budget speech that the Government will go for Next Generation Reforms to formulate an economic policy framework to delineate the overarching approach to economic!-->…
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Custom duty reforms to boost domestic manufacturing: FM
New Delhi: The proposals to reduce customs duties will support domestic manufacturing, deepen local value addition, promote export competitiveness, and simplify taxation, while keeping the interest of the general public and consumers!-->…
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India open up nuclear power sector for Bharat Small Reactors, Bharat Modular Reactors
New Delhi: In a move to bring in the private sector in the nuclear power sector, the Indian government will partner with private players in setting up small reactors, for research and development of small modular reactors, and newer!-->…
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FM cuts fiscal deficit to 4.9 pc to keep economy on stable growth path
New Delhi: Presenting the Union Budget 2024-25 in the Parliament on Tuesday, Finance Minister Nirmala Sitharaman fixed the fiscal deficit at 4.9 per cent of GDP despite higher allocations for social welfare schemes due to robust tax!-->…
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9 priorities of Union Budget: FM unveils road map for ‘Viksit Bharat’
New Delhi: Finance Minister Nirmala Sitharaman, presenting her seventh-consecutive Budget and her first in Modi 3.0, spotlighted nine priority areas for generating ample opportunities for all.
She also said that these nine priorities of!-->…
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Budget focuses on fostering stable & mature equity investment environment
New Delhi: 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!-->…
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Review of Income Tax Act announced in Union Budget
New Delhi: Finance Minister Nirmala Sitharaman announced a review of the Income Tax Act 1961 in Budget proposals for 2024-25.
“I am now announcing a comprehensive review of the Income-tax Act, 1961. The purpose is to make the Act!-->…
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Union Budget 2024: Govt to exempt three more cancer drugs from customs duty
New Delhi: 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.
The three drugs are Trastuzumab deruxtecan, Osimertinib and!-->…
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Union Budget 2024: What becomes cheaper and what’s costlier?
New Delhi: 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!-->…
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Assessments to be reopened beyond 3 years only if escaped income is more than Rs 50 lakh
New Delhi: The Union Budget for 2024-25 has proposed provisions to simplify the provisions for reopening and reassessment.
Finance Minister Nirmala Sitharaman announced that an assessment hereinafter can be reopened beyond three years!-->…
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