New Delhi: The downward revision of GDP growth estimates for the current fiscal calls for radical action to dispel the cloud of growth slowdown and investment chill in the country, the Congress said on Wednesday. AICC general secretary in-charge communications Jairam Ramesh said it also set a gloomy backdrop to the Union Budget. He suggested … Read more
New Delhi: The Union Budget 2025-26 should continue to prioritise employment creation to harness India’s demographic dividend and propel economic growth, apex business chamber CII said on Sunday. It highlighted that the Union Budget for FY25 had outlined a series of initiatives to boost employment generation, including the Employment Linked Incentive Scheme. The forthcoming Budget … Read more
New Delhi: NITI Aayog on Thursday released a comprehensive report on the crucial role of secure, affordable, flexible, and efficient (S.A.F.E.) accommodations for industrial workers in boosting India’s manufacturing sector. India is poised to elevate its manufacturing sector’s contribution to GDP from the current 17 per cent to 25 percent as part of its long-term … Read more
New Delhi: Within a week of the Union Budget being passed in Parliament, Andhra Pradesh chief minister N Chandrababu Naidu is on a two-day visit to Delhi to push for early implementation of the promises made to his state in the Budget. Naidu met Prime Minister Narendra Modi, home minister Amit Shah and finance minister … Read more
Parliamentary approval for the Budget 2024-25 was completed on Thursday with the Rajya Sabha returning the relevant legislations to the Lok Sabha after Finance Minister Nirmala Sitharaman’s spirited reply to the debate emphasising Budget was aimed at promoting investments and creating jobs. The Rajya Sabha returned the Appropriation Bill and the Finance Bill to the … Read more
The Lok Sabha on Wednesday passed the Finance Bill 2024 after the central government relaxed the freshly-introduced new capital gains tax on real estate, allowing taxpayers an option to switch to a new lower tax rate or stay with the old regime that had higher rate with indexation benefit. Union Finance Minister Nirmala Sitharaman in … Read more
Lok Sabha member Mahua Moitra on Tuesday hit out at Finance Minister Nirmala Sitharaman, saying she has made a mockery of the people of India in the budget by doing absolutely nothing and whatever little changes are there are regressive and ill thought of. Speaking in the Lok Sabha, Moitra criticised the budget for failing … Read more
New Delhi: Listening to the industry’s demand, the government on Tuesday moved an amendment to the Finance Bill 2024, to allow taxpayers select either a 12.5 per cent long-term capital gains (LTCG) tax rate without indexation or a 20 per cent rate with indexation for property acquired before July 23 this year. Finance Minister Nirmala … Read more
New Delhi: West Bengal Governor CV Ananda Bose slammed the TMC government on Sunday, saying that there are a lot of loopholes in the financial management of West Bengal and accused of diverting funds. Speaking to ANI, “It is the Governor’s duty to oversee that the functioning of the government is within the constitution of … Read more
New Delhi: Indian startups successfully raised $1.03 billion in July as the government abolished angel tax in the Union Budget 2024-25 which was levied on foreign investors, according to a report on Saturday. As per the report by Entrackr, in July, Indian startups raised a total funding of $1.03 billion under 126 deals. Out of … Read more
