International Monetary Fund (IMF) Managing Director Kristalina Georgieva | Photo Credit: REUTERS The economic success of India is grounded in the pursuit of reforms over the last years, Managing Director of International Monetary Fund (IMF) Kristalina Georgieva said on February 1 exuding confidence that it would achieve its goal of being a developed nation by … Read more
V Anantha Nageswaran, Chief Economic Advisor, says “there is all-round development in terms of physical, digital and social infrastructure. We have great balance sheets in the corporate and the banking sector and the infrastructure is ready to support the productive potential of the economy. Plus there is investment in skilling and education of the population … Read more
The Budget Day always holds its relevance in forecasting the economic outlook of the Nation, which is simultaneously being reflected through the equity markets. A highly anticipated Day with future projections and a roadmap for the nation is in the purview. From the data point of view, the Indian equity markets have seen a whopping … 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
Union Finance Minister Nirmala Sitharaman will read out the Interim Budget 2024 on February 1. Though there is a clear indication that the Centre may not declare major changes in the taxation system like last year, there is a buzz that the Cente may bring in some modifications in the Atal Pension Yojana. Government sources … Read more
India plans to announce an extension to Prime Minister Narendra Modi‘s flagship federal housing scheme in next month’s budget and an increase in available subsidies for low-cost housing loans, three sources said, ahead of elections this year. Finance Minister Nirmala Sitharaman, who will present an interim budget on Feb. 1, is likely to raise allocations … 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
National Pension System 2024: The Centre may extend the benefits of the National Pension System (NPS) to the new tax regime, a report said on Wednesday. It is to be noted that the New Tax Regime doesn’t have most tax exemptions valid under the Old Tax Regime. CNBC Awaaz reported that the government may make … Read more
Finance Minister Nirmala Sitharaman is scheduled to present the Interim Budget 2024-25 on February 1, 2024, instead of the full Budget like other years. Last Budget, the Centre brought in multiple new regulations for Income Tax. One notable announcement about personal taxation was the establishment of the New Income Tax Regime as the default tax … Read more