Page 46 - Union Budget

Sensex sees third fastest 5,000-point gain in history to reach 80,000 mark

The fastest 5,000-point rally for the Sensex was nearly three years ago (September 24, 2021) when the index hit an intraday high of 60,333 in a span of just 28 trading days

Information asymmetry

GST data must be released

FinMin concludes pre-Budget talks with 120 invitees, 10 stakeholder groups

Representatives from agriculture, education, health, MSME, energy, infrastructure sectors were the participants

Govt mulls doubling no of AB-PMJAY beneficiaries, insurance amount in 3 yrs

The government is actively considering doubling the beneficiary base under its flagship Ayushman Bharat health insurance scheme over the next three years, with all those aged above 70 years to be brought under its ambit to begin with, and also increase the insurance coverage to Rs 10 lakh per year. The proposals, if given a go ahead, would entail an additional expenditure of Rs 12,076 crore per annum for the exchequer as per estimates prepared by the National Health Authority, official sources told PTI. "Discussions are happening to double the beneficiary base under the AB-PMJAY over the next three years, which, if implemented, will cover more than two-third population of the country with health cover, the sources said while noting that medical expenditure is one of the biggest reasons that push families to indebtedness. "Deliberations are also underway over finalising a proposal to double the limit of the coverage amount from the existing Rs 5 lakh to Rs 10 lakh," they said. These

Big ideas for Budget D-Day

Jobs, skills and innovation should be the focal point

Budget 2024 wish list: RBI to hear demands of MSMEs on Monday

Central bank wants to understand initiatives that may be viable for the sector

'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 FY25: MSMEs may get 180 days to repay loans before NPA tag

Current bad loan classification period is 90 days

Sensex can hit 87,000 levels by year-end; stick with large-caps: Analysts

Analysts believe there is more room for an upside going ahead, but investors need to be patient as it will not be a runaway rally for the markets from here on.

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

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

Budget 2024: Tech Inc for fewer tariffs, Rs 1 trillion deeptech fund

The tech industry body also recommended removing the 2.5 per cent tariff slab to enhance ease of business in the industry

Budget 2024-25 to focus on infra expansion, fiscal consolidation: EY India

EY India said India's economy has shown 'resilience' with GDP expanding by 8.2 per cent in 2023-24 after 9.7 per cent and 7 per cent in the previous two years

Budget 2024: FinMin may revise nominal GDP growth target upwards for FY25

In FY20, the final Budget revised the nominal GDP growth target to 12 per cent from 11.5 per cent assumed in the interim Budget

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

The four pitfalls

Avoiding policy flaws more important than fulfilling India Inc's Budget wish list

SMEs divided over impact of new 45-days payment rule. Is it a boon or bane?

The new 45-day payment rule for SMEs, effective April 2024, aims to ease working capital issues. While some SMEs welcome it, others fear adverse impacts on their businesses

Union Budget 2024: Will the FM give income tax relief to the salaried class?

As the presentation of the full Budget for FY25 approaches, there is growing anticipation of significant income tax relief for the salaried class. Watch the video to know some expected income tax refo

Budget 2024: Rise in standard deduction limit likely in new tax system

Union Budget 2024: Standard deduction represents a portion of the income that is not subject to taxation; it serves as a comprehensive allowance for tax deductions available to salaried employees