The government on Tuesday sought to address a significant concern stemming from the 2024-25 Budget announcement by introducing flexibility in the computation of long-term capital gains (LTCG) tax on unlisted assets, including properties. For any assets, such as land or buildings, acquired before July 23, taxpayers can choose between the new and old regimes, opting for whichever results in a lower tax liability. Under the new LTCG regime, the tax rate is set at 12.5 per cent without the benefit of indexation.
Manchester United have appointed their former striker Ruud van Nistelrooy as an assistant to manager Erik ten Hag
Indian badminton stalwart Ashwini Ponnappa broke down in tears, announcing she has played her last Olympics after she and her partner Tanisha Crasto suffered their third straight defeat in the women's doubles competition of the Paris Games.
Anura Kumara Dissanayake, the leader of the Marxist Janatha Vimukthi Peramuna's (JVP) broader front National People's Power (NPP), on Sunday consolidated his lead in the Sri Lanka's presidential election.
'Crores of rupees have been spent on paper but nothing has actually happened on the ground.'
Watching a young Sachin Tendulkar excelling against spinners Arshad Ayub and Venkatapathy Raju on a rank-turner in a Ranji Trophy match convinced him about the bright future of his junior teammate, recalled former India captain Dilip Vengsarkar.
Here is a quick glance of all the highs and lows from Nadal's stupendous career:
Tata Motors, India's largest commercial vehicle manufacturer, is looking to launch a first-of-its-kind sub-600 kg small commercial vehicle, aiming to cater to the growing demand for efficient last-mile delivery solutions, an area currently witnessing a surge in interest from e-commerce giants. This new entrant is set to be positioned just below the marquee Tata Ace, which is popular across the country as "Chota Haathi".
Modi, who is visiting Ukraine at the invitation of President Volodymyr Zelenskyy, has said that he will share with the Ukrainian leader perspectives on peaceful resolution of the ongoing conflict.
Speaking after laying the foundation stone of the Bombay high court's new complex on land allotted by the Maharashtra government in Mumbai's upscale Bandra area, he noted the mega project was a collaboration between the state and the judiciary to provide modern infrastructure to citizens.
Will Lieutenant Governor Manoj Sinha, who gets his orders from New Delhi, call the shots or allow a democratically elected government to independently govern, questions Ramesh Menon.
Reports (not denied by India) that the USA had 'for the first time provided real-time details to their Indian counterparts on the Chinese positions and force strength in advance of a PLA incursion' into Tawang at the LAC in December 2022, helping India thwart China's expansionist designs, show how operationally effective the USA-India friendship has become on the ground. A engaging excerpt from Sreeram Chaulia's must-read new book, Friends: India's Closest Strategic Partners.
Best remembered for his match-winning 281 against Australia at the Eden Gardens in 2001, former India batsman VVS Laxman revealed he was not fit enough to play that Test against Australia.
His agent Bo Gustavsson told Reuters he had passed away Monday morning.
The agriculture ministry has projected the foodgrain production in 2006-07 at 209.17 million tonnes, the highest since 2001-02, when it touched a record 212.85 million tonnes.
Shetty was shot dead by two alleged members of Rajan's gang on the hotel's first floor on May 4, 2001.
'We called him Sher-e-Kashmir but we realised he was no lion but a pussycat who surrendered.'
Tata Consultancy Services, with exports worth $806.1 million is the largest software exporter during 2001-02, while Celetron India led the race in exports of computer hardware.\n\n\n\n
According to the police, Hanif Sheikh was declared a proclaimed offender in 2002 and has been absconding for the last 22 years.
If there's one thing the full-of-beans star knows, it's how to stay happy, observes Dinesh Raheja.
'Afzal Guru became a victim of Pakistan's conspiracy. He was used as a means, just like all other innocent Kashmiris.'
Between 2001 and 2022, it said, forests in India emitted 51 million tons of carbon dioxide equivalent a year and removed 141 million tons of carbon dioxide equivalent a year. This represents a net carbon sink of 89.9 million tons of carbon dioxide equivalent a year.
The heat index in major metro cities in the country has majorly risen since 2010 compared to a decade earlier.
"The 'red bag' belonged to one of the hijackers, it contained explosives, and possibly, real passports, too.
Gujarat was labelled Hindutva's crucible and Modi was to become the chief 'chemist'. A revealing political saga excerpted from Nilanjan Mukhopadhyay's The Demolition, the Verdict and the Temple: The Definitive Book on the Ram Mandir Project.
'My father died in the liberation struggle. Bangladesh is our Motherland. This is home,' says Monindra Kumar Nath, a Hindu who has lived his 74 years in Dhaka.
'I'm just trying to keep my head down and hope people like my work.'
'In a complex situation a PM coming was not necessary'
The government's move to tweak the long-term capital gains (LTCG) tax regime proposed in the Finance Bill 2024 and re-introduce the indexation benefit is likely to boost the investments and spur housing sales in the country, industry executives believe. "By enabling taxpayers to choose the lower tax burden between the new and old schemes, the amendment is poised to drive investment and enhance sales across housing segments," said Niranjan Hiranandani, chairman of the Hiranandani Group. In Budget 2024, Union Finance Minister Nirmala Sitharaman proposed an overhaul in the capital gains tax regime, including lowering the LTCG tax to 12.5 per cent from 20 per cent.
The dawn of a new era had begun under Sourav Ganguly's aggressive leadership. With Ganguly and Coach John Wright at the helm India had transitioned into a force to be reckoned with.
'General Paddy was amongst the last line of generals who stood by his convictions and brooked no interference in matters which were his domain.' Lieutenant General Zameer Uddin Shah (retd) salutes his former chief who passed away on August 19.
Sreejesh and Aneeshya have two children -- son Sreeansh and daughter Anusree.
Speaking to PTI, Rao said this kind of incident could have been avoided had the recommendations of a committee headed by then Deputy Speaker of the Lok Sabha, appointed after the 2001 Parliament attack incident, been implemented.
Bharatanatyam and Kuchipudi veteran Yamini Krishnamurti died at the Apollo hospital New Delhi on Saturday. She was 84.
In private, questions are being raised about the wisdom of a 'dual-SIM' leadership during the long run-up to the 2026 assembly polls where 'family rule' could become an election issue, reports N Sathiya Moorthy.
'The move to remove indexation benefits on LTCGs presently available for property, gold, and other unlisted assets may have a negative impact as it directly impacts real estate investors.'
The government on Tuesday proposed reducing the long-term capital gains tax on immovable properties to 12.5 per cent from 20 per cent, but removed the indexation benefits to adjust for inflation, a move experts termed as "negative" for sellers.
As the nation marks the 14th anniversary of the 2001 Indian Parliament attack, Prime Minister Narendra Modi and other prominent leaders paid their tribute to the martyrs.
Bharti Global, the international investment arm of Bharti Enterprises, has decided to buy 24.5 per cent equity in BT Group - a move that will make the Indian conglomerate the biggest shareholder in the UK's second-largest telecom company both in terms of market value and subscriber count. The shares are being purchased from billionaire Patrick Drahi's Altice UK through a combination of cash and debt .
The parliament duty group of the CRPF wound up its entire administrative and operational paraphernalia -- vehicles, weapons and commandos -- from the complex on Friday and its commander, a deputy inspector general-rank officer, handed over all the security points in the complex to the incoming CISF group, the sources said.
