Mumbai: The Union budget has proposed to subsidize loans of up ₹10 lakh for students seeking higher education in domestic institutions, a move aimed to benefit 100,000 students every year. However, only those who have not benefited from any other government scheme can benefit from this scheme. Given in the form of vouchers to students, … Read more
Union Budget 2024: TeamLease Services share price shot up about 10% on Tuesday after Finance Minister (FM) Nirmala Sitharaman said that the government will allocate ₹2 lakh crore for job creation over the next five years. TeamLease Services share price opened at an intraday low of ₹2,830 apiece on BSE, the stock touched an intaday … Read more
Union Finance Minister Nirmala Sitharaman on Monday, July 22, announced significant reforms to improve the Ease of Doing Business in India, highlighting the decriminalization of 63 offences as a key achievement. While presenting the Economic Survey 2023-24 in the Lok Sabha, Sitharaman emphasized the government’s efforts to simplify regulations and promote a business-friendly environment. Sitharaman … Read more
Economic Survey 2024: The Indian economy has seen significant growth through reforms in recent years, but it faces several challenges. Four of these were listed by Chief Economic Advisor V Ananta Nageshwaran and his team in their “mini Economic Survey” ahead of the Interim Budget in January 2024. These could be addressed in the upcoming … Read more
Mumbai: Financial technology companies have a long list of demands and expectations from the upcoming Union Budget, such as investments in digital public infrastructure, GST exemption for business correspondent (BC) outlets, and a fee structure for UPI payments. “We strongly urge the finance minister to prioritise pivotal solutions such as enhancing digital infrastructure, financial literacy … Read more
Finance Minister Nirmala Sitharaman will present the first Union Budget of Prime Minister Narendra Modi’s third term on July 23, 2024, as approved by President Droupadi Murmu. The Budget session is scheduled from July 22 until August 12. The budget presentation will commence at 11 am in the Lok Sabha. The Union budget will be … Read more
As the Budget 2024 is around the corner, taxpayers are expecting some major overhaul in the capital gains tax. Thanks to the series of provisions that come into play while computing long term capital gains, investors and taxpayers are hoping for the revision in the legislation so that the confusion around capital gains tax, and … Read more
The finance ministry plans to impose higher taxes on futures & options (F&O) transactions in the upcoming Union Budget, as per recent reports. Proposed changes include reclassifying these transactions as ‘speculative income’ from ‘non-speculative business income’ and potentially introducing TDS on them. This news has unsettled the trader community. Let us understand why. Derivatives are … Read more
Nirmala Sitharaman, in her second successive term as India’s finance minister, will present the federal budget for 2024-25 next month. Foreign institutional investors, or FIIs, have turnedbullish ahead of the budget not just in the cash segment of Indian equities but also on the derivatives segment. The Lok Sabha election results earlier this month returned … Read more
NEW DELHI:The upcoming budget for 2024-25 will unveil major economic reforms and present a roadmap for Viksit Bharat, the government’s push to propel India towards ‘developed nation’ status by 2047, President Droupadi Murmu said addressing the joint session of Parliament on Thursday. “Along with significant economic and social decisions, this budget will include many historic … Read more