Union Budget 2024: Finance Minister Nirmala Sitharaman on Tuesday brought in some relief for the taxpayers under the New Tax Regime. After increasing the Standard Deduction limit from Rs 50,000 to Rs 75,000, FM Sitharaman revised the tax slabs for the New Tax regime. She said salaried employee will now stand up to save Rs … Read more
Image for representation | Photo Credit: BALACHANDAR L Finance Nirmala Sitharaman said that the Union Budget 2024-25 carried an allocation of more than Rs 3 lakh crore for schemes benefitting women and girls and promoting women-led development, during her presentation of the Budget in the Lok Sabha on July 23. This is Ms. Sitharaman’s record seventh time making … Read more
“So, my view is that if the budget disappoints and I think the only way it can disappoint is if they do not give relaxation on personal taxation and those have to be significant,” says Sandip Sabharwal, asksandipsabharwal.com.What is the anticipation? I know no correction is anything to worry because if election outcome is anything … Read more
A higher Budget outlay for Pradhan Mantri Awas Yojana (PMAY), re-introduction of 100% tax holidays on construction of affordable houses and increasing the interest deduction limit on home loans are some of the demands of the real estate industry from the government in this year’s budget. A slew of favourable announcements in this sector could … Read more
वित्त मंत्री निर्मला सीतारमण मंगलवार को केंद्रीय बजट पेश करेंगी. इससे एक दिन पहले यानी कि सोमवार से संसद का मानसून सत्र शुरू हो जाएगा. इस दौरान विपक्ष नीट पेपर लीक, रेलवे सुरक्षा और कांवड़ यात्रा को लेकर यूपी सरकार के फैसले समेत कई मुद्दों पर एनडीए सरकार को घेरने की तैयारी में है. मानसून सत्र … Read more
India has set eyes to become the third largest economy by 2030 while its Viksit Bharat vision is to make the country a developed nation by 2047. However, unemployment continues to be a major headache for the country even as it grew 8.2 per cent in FY24 and has managed to grow at an average … Read more
Ahead of the Budget 2024-25, almost 48% households across the country have said that they are increasingly facing a decline in earnings and savings. The households said that they have been facing rising costs related to food, school education, rent, transportation, cost of electricity, etc., the basic expenses incurred by a middle-class family. The big … Read more
As Nirmala Sitharaman gears up to present the Budget, scheduled for July 23, let’s have a look at what the Budget Survey by ET Online said about the good, the bad, and the ugly of the Indian economy at the moment. The good, surprisingly, is that ‘inflation is under control’, the bad part is the … Read more
New Delhi: Tax consultancy firm PWC has urged Finance Minister Nirmala Sitharman to extend the beneficial tax regime for new manufacturing companies and introduce a comprehensive tax amnesty scheme for cases related to Customs. Sitharaman is scheduled to present the Union Budget for 2024-25 on July 23. “I think the Make in India is the … Read more
Santanu Sengupta, Chief India Economist, Goldman Sachs, says India’s public debt to GDP at 80% plus is one of the highest among EMs. So though India has had high growth, over a period of time. that debt to GDP number needs to consolidate below 80% and probably get closer to 75%. That is why the … Read more