Budget expectations: Finance Minister Nirmala Sitharaman is set to unveil the Union Budget on February 1, 2025, a highly anticipated event for taxpayers nationwide. The segment on income tax is of particular interest, as individuals eagerly await any potential changes that could offer relief. Speculation for this year’s budget centers around possible modifications to tax … Read more
New Delhi: There is a strong possibility of India-Russia bilateral trade attaining the $100 billion target by 2030, external affairs minister S Jaishankar said on Monday. The minister also called for addressing impediments of non-tariff barriers and regulatory bottlenecks to correct the bilateral trade imbalance, currently heavily in favour of Russia due to oil imports … Read more
A PSU firm, which rallied more than 15 times from January 2021 to July 2024, has seen a significant decline of over 51% from its 52-week high reached on July 8, 2024. This firm is Cochin Shipyard, whose order book stood at Rs 22,587 crore as of June 30, 2024, including Rs 21,587 crore in … Read more
New Delhi: The next round of India-European Union free trade agreement (FTA) negotiations is likely to be held in the first quarter of next year even as the two sides made limited progress on issues such as rules of origin and government procurement in the just concluded ninth round from September 23-27. In government procurement, … Read more
New Delhi: India and the US have discussed opportunities for American investments in upcoming 20 Indian industrial cities to foster mutual growth besides prospects to collaborate in critical sectors such as defence, space, semiconductors, telecom, AI and clean energy. The two sides took up the issues at the sixth meeting of the India-US CEO Forum, … Read more
New fund offers are gaining popularity just like the equity mutual funds. In August 2024, the mutual fund industry saw new fund offer (NFO) inflows totaling Rs 13,815 crore, spread across 18 NFOs. This was a decrease from the Rs 16,565 crore invested in 15 NFOs in July 2024. Of the 18 NFOs launched in … 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
Mutual Fund investment: Market fluctuations are a huge reality in the current times. The India VIX, which measures market volatility using the Nifty 50 index, saw a major correction after the Lok Sabha elections. The VIX has eased down to 13.16 from its peak 31.17 on June 4, when the Lok Sabha elections results declared. … Read more
Mumbai: India has emerged as one of the winners in global manufacturing over the past five years, with its exports to the US surging by $23 billion, a 44% increase from 2018 to 2022, while China experienced a 10% decline in exports to the US during this period, according to a BCG study on global … Read more
Women beneficiaries stand in a queue after they received LPG connection during the inauguration of ‘Pradhan Mantri Ujjwala Yojana (PMUY)‘. File. | Photo Credit: PTI The Indian Council of Social Science Research (ICSSR) will soon announce the results of the research award proposals it had invited to study the impact of various schemes and public … Read more