What does this mean for you? Ramalingam Kalirajan explains.
Three industry bodies suggested changes in India's tax regime in their pre-Budget discussions with Revenue Secretary Sanjay Malhotra in New Delhi on Tuesday. The bodies - Confederation of Indian Industry (CII), PHD Chamber of Commerce and Industry (PHDCCI), and Federation of Indian Chambers of Commerce & Industry (FICCI) - held separate meetings with Malhotra during the day and put across their suggestions for the upcoming Budget.
Industry players said the sharp sell-off in February forced many companies to put off their listing plans
The eighth Budget of Finance Minister Nirmala Sitharaman continued to focus on 'GYAN' (Garib, Youth, Annadata, Nari) to maintain a consistent and coherent strategy initiated over the years in pursuing the government's vision for Viksit Bharat. The approach, characterised by incremental yet impactful steps, aims to create a compounding effect over time.
'Unlike the surgical strikes and the Balakot air strikes across the LoC, we have gone further inside Pakistan and raised the bar of escalation.'
Investors with a long-term horizon and high-risk appetite seeking capital appreciation can consider investing in ELSS.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
State Bank of India was the biggest gainer in the Sensex pack, rising 4.24 per cent, followed by Tata Steel, Axis Bank, Maruti, NTPC, PowerGrid, ITC and Nestle India. Reliance jumped 1.15 per cent to end at Rs 2,962.60 apiece on BSE.
On its 177th anniversary, Utkarsh Mishra explores the history and relevance of The Communist Manifesto.
Several multinational medical device makers are focusing on deepening their presence in India by expanding their local manufacturing footprint and research capabilities, a move that can catapult India into a strategic hub for the medical technology (medtech) industry. Among those increasing their reach in the country are Siemens Healthineers and Philips, signalling a broader shift from India being only a sales destination to becoming a global production and innovation base.
'We are not incentivising the old tax scheme. These taxpayers will also shift to the new regime after comparison.'
Nestle, Titan, ICICI Bank, Tata Steel, IndusInd Bank, ITC, JSW Steel and State Bank of India were the other laggards. Among the gainers, Tata Motors jumped nearly 6 per cent. Larsen & Toubro, Sun Pharma, Kotak Mahindra Bank, Bajaj Finance and Power Grid also ended in the positive territory.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
The National Investigation Agency (NIA) has alleged that key conspirator Tahawwur Rana, who has been remanded to 18-day NIA custody, devised terror plots similar to the 26/11 Mumbai attacks that were meant to target multiple Indian cities. The NIA believes that the tactics used in the Mumbai attacks were intended for execution in other cities as well, and that similar plots were developed elsewhere. Rana will be questioned in detail in order to unravel the complete conspiracy behind the deadly 2008 attacks, which saw 166 persons being killed and over 238 sustaining wounds.
'Once filed, it cannot be revised or rectified.'
A new schedule has been added to report income from cryptocurrencies and other Virtual Digital Assets.
From the Sensex stocks, Power Grid, NTPC, HDFC Bank, Nestle India, Adani Ports and Special Economic Zone, Maruti Suzuki India and Reliance Industries were the major gainers. In contrast, Mahindra and Mahindra, Tata Steel, Bajaj Finserv, State Bank of India, Larsen & Toubro and Tata Motors were the laggards.
Capital gains tax is no longer exempt even for investors coming via Mauritius, hence FPIs are now classifying it as interest income to save on taxes.
The bulk of an investor's portfolio should be in shorter-duration funds of up to one year portfolio duration.
Mondo Duplantis was named the Laureus World Sportsman of the Year, while American gymnast Simone Biles bagged the top women's honour at the Laureus World Sports Awards.
'Investors with foreign currency-denominated goals, such as foreign education or foreign travel, should go for US equity funds.'
A trends study conducted by India's Financial Intelligence Unit (FIU) has expressed suspicion that cryptocurrency is being used across the country in serious criminal acts like terrorist financing, fuelling secessionist activities, cybercrime, narcotics trafficking, illegal betting and gambling. The report, which was based on suspicious transaction reports and operational analysis, shared these trends and credible intelligence with law enforcement agencies.
The rupee declined 22 paise to 87.41 against the US dollar in early trade on Thursday after the latest tariff announcements from the US weighed on emerging currencies, including the rupee. Forex traders said the latest tariff announcements from the US have sent shockwaves through global markets, strengthening the dollar.
The hospitality industry has around 212,000 rooms, with an industry size of about Rs 82,000 crore. The industry could grow at an annual rate of 10.5 per cent for the next three financial years, despite a quiet Q1FY25. The demand will be driven by domestic travellers, who will contribute roughly 50 per cent of the growth, while foreign tourists will account for 30 per cent.
Virat Kohli faces SM ire over the price of bhutta served at his restaurant.
'TMFs trump FMPs and FDs when it comes to investing in a high-duration product.'
For investors who missed the initial IPO frenzy, the market correction is an opportunity to selectively invest in promising names, but patience and careful evaluation remain the key.
If the deal comes to fruition, it will make Hampshire the first county side to be owned by an overseas franchise.
Rishabh Pant's belligerent unbeaten half-century helped Delhi Capitals' to a narrow four-run win over Gujarat Titans.
Understand the pros and cons of SGBs before rushing to invest in them based on past returns.
Roads, railways, and coal together are likely to account for 70 per cent of the government's takings from the upcoming second edition of the National Monetisation Pipeline (NMP), set to run from FY26 to FY30. In comparison, these three sectors are estimated to have contributed 66 per cent in the first edition of the NMP - FY22 to FY25.
Among the Sensex firms, Larsen & Toubro, Tata Consultancy Services, Infosys, HCL Technologies, Hindustan Unilever, Axis Bank, ICICI Bank and Wipro were the major gainers. Nestle India, Asian Paints, JSW Steel, Kotak Mahindra Bank and HDFC Bank were among the losers.
Cooking gas or Liquified Petroleum Gas (LPG) price has been raised by Rs 50 per cylinder by distribution companies, Union Oil Minister Hardeep Singh Puri said on Monday.
The Uddhav faction was shocked to see Pawar felicitate Shinde with an award.
'Planning for the transfer of assets to the next generation is an important aspect of financial and estate planning.'
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
'Right now, we have no relationship with Pakistan. And the relationship with China is not great.'
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