Kerala Finance Minister K N Balagopal goes through the last minute preparations ahead of the presentation of the State annual budget in the state Assembly, in Thiruvananthapuram on Feb. 3, 2024. | Photo Credit: PTI Finance Minister K. N. Balagopal will present the Kerala Budget for the 2024-25 fiscal and the Vote on Account at … Read more
The Chief Minister said there was no announcement on the minimum support price for farmers. File | Photo Credit: M. Vedhan Alleging that Union Finance Minister Nirmala Sitharaman had presented an Interim Budget without any real concern for the development of Tamil Nadu, Chief Minister M.K. Stalin said on Thursday that the DMK members would … Read more
Photo used for representation purpose only. Signalling a commitment to research and innovation for India’s “tech-savvy youth,” Finance Minister Nirmala Sitharaman, in her Interim Budget speech on February 1, mentioned a corpus of ₹1 lakh crore, that would be available on ‘minimal or nil interest rates’ to “encourage” the private sector to invest in research … Read more
The Nifty Bank outperformed the benchmark indices on the Budget Day on Thursday. The index rose nearly 200 points to close at 46,188, while the Nifty50 closed below 21,700 levels. Stocks that led the rally for Nifty Bank include names like PNB, Bank of Baroda, Axis Bank, SBI, and HDFC Bank. The Nifty Bank managed … Read more
The yearly grind of the Greater Hyderabad Municipal Corporation (GHMC) at this time of the year with regard to the corporation’s budget proposals has come to a grinding halt owing to several factors. Usually, the proposals are prepared, and presented before the Standing Committee by November 10. After the committee’s approval, the proposals are presented … Read more
Ahead of the upcoming interim budget and dim markets, the stocks related to defence, automobile, packaging and insurance may gain momentum.Looking at this week’s Nifty’s performance, it has breached past three week’s low fearing a stop on its bull run. FIIs have been selling continuously for the past few days which is not considered as … Read more
To incentivise the manufacturing sector and generate employment, the government may extend the scope of PLI scheme to include sectors like garments, jewellery and handicrafts in the forthcoming interim Budget, Deloitte said. Currently, Production-Linked Incentive (PLI) scheme is available for 14 sectors. Read our full Budget 2024 coverage here Deloitte India Partner Rajat Wahi said … Read more
In the wake of a transformative year for the insurance industry, marked by the influx of new companies, technological innovations, and changing consumer dynamics, the stage is set for competitive landscape with the need to increase insurance penetration in the country, which is currently at 4%. The good part is that Indians have become more … Read more
The Interim Budget 2024 is just around the corner and the middle-class taxpayers are holding their breath, hopeful for some relief in the form of income tax concessions. If Finance Minister Nirmala Sitharaman proposes it in the interim budget 2024 scheduled for February 1, ahead of the general elections, it would provide a much-needed boost … Read more
Incentivising green bonds to boost funding for climate adaptation projects and a special dispensation for pregnant women to exempt them from filing tax compliances for a specific period are some of the key items on the wishlist of Gokul Chaudhri, President, Tax, Deloitte India. In an interview with Business Today, he also speaks about tax certainty and … Read more