The 30-share Sensex ended down 261 points at 28,747 and the 50-share Nifty ended down 83 points at 8,684.
Under the 2009-10 Budget, FBT has been abolished. While this is going to be received very favourably by the finance departments at companies, the impact on your personal finances might not be the most optimal for you.
India Inc has high hopes from the upcoming Budget.
FM proposed rationalisation of various tax exemptions.
The government on Friday announced loans at a subsidised interest rate of five per cent -- two per cent less than market rate -- for farmers who pay their dues in time.
The unemployment rate for women was last this low around Diwali in 2022. The unemployment rate has dropped for women from 14.9 per cent in December 2023 to 11 per cent in January 2024, according to data from the Centre for Monitoring Indian Economy (CMIE). It was higher in January 2023 at 13.5 per cent.
Calling the Budget 2018 'anti-labour', the Bharatiya Mazdoor Sangh will observe February 20 as a 'black day'.
According to railway ministry sources, Banerjee is in a hurry to start the train services she had announced in her Budget in July last year.
Arun Jaitley declared proposal for a comprehensive law.
The government on Monday said that it had not violated any election code of conduct in connection with its ambitious direct cash transfer scheme as it was announced in the budget speech by the then Finance Minister Pranab Mukherjee.
Finance Minister Arun Jaitley said Sebi would develop new products in the commodity derivatives space apart from taking steps to deepen the corporate bond market.
Outlay for cultural activities increased, for social welfare schemes slashed
He has now to show that he can take on the vested interests within the railways which are resisting change through corporatisation
The assembly secretariat released the business agenda of the House for Monday, when the budget session will commence, with a customary address by the Governor to members of the bicameral legislature.
Martin Scorsese, 'the reigning king of cinema', gets an honorary Golden Bear at the 74th Berlinale.
On August 15 last year, Prime Minister Narendra Modi announced from the ramparts of the Red Fort that the Indian Railways would launch 75 Vande Bharat Express trains by August 2023. Later, in her 2022 Budget speech, Finance Minister Nirmala Sitharaman announced that 400 Vande Bharat trains will be manufactured in the next three years, which are expected to cost between Rs 40,000 crore and Rs 50,000 crore. Those upbeat announcements come after a series of cancelled tenders, vigilance actions against officials and interdepartmental rivalry that delayed the addition of these iconic trains developed entirely indigenously by the Integral Coach Factory (ICF) in Chennai.
'The household sector, which is still the largest contributor of financial savings, has been experiencing a decline in the last six years, and it has fallen below 8% of GDP.'
The calculator, with a comparative table to compare taxes in the old and the new tax regime, for resident individuals (financial year 2020-21) has been hosted on the official e-filing website of the department -- https://www.incometaxindiaefiling.gov.in.
The announcement left many importers and exporters wondering what he intended, when the practice in most EDI Customs stations is to carry out assessments on selected bills of entry based on risk parameters and to allow the other consignments to be cleared on the basis of the declarations of the importer or exporter.
It was noise and pandemonium all around but Lalu Prasad Yadav's Rail Budget speech chugged on in the Lok Sabha on Monday non-stop till it reached its destination.
Bharatiya Janata Party's parliamentary spokesperson Vijay Kumar Malhotra has in consultation with the party's leadership sent as many as 50 amendments to the speech made by the President Pratibha Patil on the opening day of Budget session of Parliament.
Rajya Sabha Chairperson Jagdeep Dhankhar sought views of leaders of various political parties on ways to curb disruptions in the House at a meeting held on Sunday on the eve of the start of the second phase of the Budget session.
The main sectors that receive the maximum foreign inflows include services, computer software and hardware, telecommunications, trading, construction, automobile, and power.
Concessional rate of tax on dividends received by Indian companies from foreign subsidiaries will be done away with from April 1, a change that may hamper global expansion of Indian companies and compel some firms to move their headquarters out of India to geographies such as Singapore and Dubai. At present, dividends received by Indian companies from their foreign subsidiaries are subject to a concessional tax rate of 15 per cent under Section 115BBD of the Income Tax (I-T) Act. The provisions of this section shall not apply from assessment year 2023-24 onwards, according to the Finance Bill.
'Food security' will, unfortunately, become a giant boondoggle.
Hyundai Motor India and General Motors have announced cuts in prices of their small cars, following the finance minister's announcement of excise duty reduction on small cars
This time Modi has no emotive message to take to the stump. Muscular nationalism doesn't work against the backdrop of China's successive inroads into Indian territory. Rising prices is a sore point that cuts across class and caste barriers; unprecedented levels of unemployment has the youth in a ferment. This has reduced the BJP campaign to a laundry list of recycled grievances and thinly veiled communal appeals, neither of which are working as well as they have in the past, argues Prem Panicker.
Despite its sincere tone in describing the gravity of the economic situation, the Budget broke little new ground or displayed initiatives that would have fired our imagination.
Finance Minister Arun Jaitley, in his Budget speech on Monday, announced a new dispute resolution mechanism for such companies who are in confrontation with the taxman's action.
In spite of Budget's rural focus, the government has consistently stumbled in agriculture, says Shreekant Sambrani.
The Finance Ministry will soon unveil the simpler income tax return form 'Sugam', which is aimed at reducing compliance burden on small businessmen and professionals.
Suresh Prabhu is trapped in the 'rhetoric of his own government'.
Traders caution that branded jewellery customers may start opting for substitutes as high prices of previous metals and stones have already made buying any luxury items unaffordable for most of the middle class.
Government has set up a Financial Sector Legislative Reforms Commission to streamline the financial sector laws.
There are allegations that MFIs are charging exorbitant interest rates and using strong-arm tactics to recover the loans.
Expressing "serious concern" over the generation and circulation of black money, Finance Minister Pranab Mukherjee today said the government has adopted a five-fold strategy to deal with the menace.
Budget was a mild disappointment. Yet, the bull run continues.
Senior citizens of 75 years and above having pension income and interest from fixed deposit in the same bank would not be required to file income tax returns for the financial year beginning April 1.
Going long on Budget day announcement can go horribly wrong.
While she primed up spending on infrastructure to create jobs and boost economic activity, Sitharaman did not tinker with income tax slabs or tax rates. Her Budget for the fiscal year beginning April 2022 proposed a massive 35 per cent jump in capital expenditure to Rs 7.5 lakh crore, coupled with rationalisation of customs duty, an extension of time for setting up new manufacturing companies and plans for starting a digital currency and tax crypto assets.
