Page 24 - Budget 2024

'Domestic flows will sustain, but will not rise meaningfully from here'

The pockets of the market in which excess exuberance can be seen will undergo a reality check of earnings and valuations, said Gautam Sinha Roy of ICICI Pru Life Insurance

Budget for 'atmanirbharta' in defence and Agnipath scheme

Will Budget 2024 modify Agnipath scheme? If so, what will be the financial implication? How does India compare with China and Pakistan in allocation for defence? >

Budget must signal change

It needs to move beyond headline GDP to prioritise job creation and alleviating rural distress

Budget 2024: Nasscom seeks lighter taxation environment for tech industry

Industry association wants levels for safe harbour provisions raised to enable greater participation

RSS and its affiliates seek I-T cut, robot tax launch in upcoming Budget

Representatives of the BMS met the FM along with those of the other dozen trade unions but submitted a separate memorandum

Bumper RBI bonus trims April-May fiscal deficit to 3% of FY25 target

Fiscal deficit at Rs 50,615 crore in April-May FY25, according to CGA data

New portal to expedite agri infra fund interest subsidy claims of farmers

The portal will be used by banks, the Central Project Management Unit of DA&FW, and Nabard

Budget 2024: How can India achieve Rs 3 trillion defence production goal?

Centre has set annual defence production target of Rs 3 trillion by FY29, which would be an over three-fold jump from current levels

Budget to see historic steps; major economic, social reforms: Prez Murmu

The pace of reforms will be accelerated in tune with the aspirations of people of India for rapid development, says Droupadi Murmu, President

Govt to give 5-yr extension for export credit scheme amid economic slowdown

In the upcoming Budget 2024, there may be a five-year extension of the scheme for pre- and post-shipment rupee export credit

Weak monsoon, populist Budget: 7 risks for stock markets in next 6 months

Indian stock markets H2 CY2024 outlook: Investors need to stay cautious as headwinds, including any delayed interest rate cut and below-par monsoon, may challenge the current market rally

Union Budget 2024: Will Bengaluru be included in 50% HRA exemption?

Currently, rented houses in Delhi, Mumbai, Kolkata, and Chennai qualify for a 50% exemption from HRA, while those in other locations (non-metro) fall into the 40% category

Union Budget 2024: Key FAQs on interpreting the Budget, economic priorities

The Union Budget 2024 will detail the government's projected income, expenditure, economic priorities, and resource allocation, pivotal for charting the country's future course

Many historic steps, economic decisions will be taken in Budget: Prez Murmu

Many historic steps and major economic decisions will be taken in the upcoming budget, President Droupadi Murmu said on Thursday as she addressed a joint sitting of Parliament. The budget that will be presented by the government in the next Parliament session will be a document of its futuristic vision, the President said in her first address to the joint sitting of Parliament after the constitution of the 18th Lok Sabha. "The budget will have major economic and social decisions and many historic steps will be taken. The speed of reforms will be increased to fulfil the aspirations of people," she said. She said her government believes there should be healthy competition between states for investment. "This is in the spirit of competitive-cooperative federalism," she added. Murmu further said, "India has become the world's fifth-largest economy. There has been an average 8 per cent growth in the last 10 years, even though these were not normal times." "This growth rate has been ..

Budget could stick to Rs 50,000 cr asset-sale, monetisation targets

IDBI stake sale could spill over to the next fiscal year

Worker groups demand social security fund for unorganised workers in Budget

The matter was also discussed with the finance minister Nirmala Sitharaman on Monday as central trade unions made representations as part of the pre-Budget consultation

FHRAI seeks infra status for hotels, convention centres across categories

Federation of Hotel and Restaurant Associations of India has asked the government to grant infrastructure status for hotels across all categories and convention centres built at a project cost of Rs 10 crore and above to give a fillip to budget segment in the hotel industry. In its pre-budget recommendation, the Federation of Hotel and Restaurant Associations of India (FHRAI) also sought GST rationalisation proposing a 12 per cent GST rate across all hotels. "Granting infrastructure status to hotels and convention centres across all cities is crucial for attracting investments and accelerating growth in the hospitality sector," FHRAI President Pradeep Shetty said in a statement. FHRAI said one of the key requests put forward by the hospitality federation to the Finance Ministry was to "grant infrastructure status for hotels across all categories and convention centres built at a project cost of Rs 10 crore and above to give fillip to the budget segment in the hotel industry." Besid

What Indian industry wants from PM Modi's Budget after poll setback

Finance Minister Nirmala Sitharaman is considering lowering personal tax rates for certain categories of individuals

Govt looks to launch new index ranking states by their labour standards

The index is aimed to promote 'healthy competition' between states to improve labour welfare, productivity, social security coverage, and more

Pre-budget meet: Trade bodies call for tax deduction, investment on R&D

They also sought simplification of transfer pricing regime and tweaking of Customs duty on certain products