Evidently, households see a brighter future after the Budget, reveals Mahesh Vyas.
Budget carrier SpiceJet on Thursday said it has been designated as the "Indian scheduled carrier" to operate flights to the US.
'By investing in a basket of funds, FoFs can help minimise the impact of underperforming funds, thus reducing overall investment risk.'
'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'
'...or go to jail.' 'The government is getting them silenced.'
'Market feels this Budget will promote all-round growth and that is what is giving it confidence.'
'It has remained around 38 per cent over the past four to five quarters.'
The government proposes to cut custom duties on Trastuzumab Deruxtecan, Osimertinib and Durvalumab from 10 per cent to nil.
Gopichand, who is often credited with creating a pipeline of top badminton players by identifying them at a young age, described the move by the games' organisers' as appalling.
Watch her in hand-to-hand combat, wielding guns, firing weapons and breaking bones like a beast in some of the sleekly done one-take sequences. She also owns some emotionally-charged moments within the same dramatic beat, observes Mayur Sanap.
Once we break free of the idea that land is scarce, real estate is just a pile of bricks, steel, and glass. Any price surge will kick off a supply response, which kills off the possibility of sustained price appreciation, points out Ajay Shah.
Buying or selling securities based on rumours about expected changes in tax rates or sectoral sops can backfire, advises Sarbajeet K Sen.
Chief Justice of India (CJI) D Y Chandrachud on Monday said there was 'nothing wrong' in Prime Minister Narendra Modi's visit to his residence on Ganpati Puja and underscored the need for a 'sense of maturity in political sphere' on such issues.
The government is likely to extend fiscal incentives for production of toys, bicycles and leather and footwear in the forthcoming budget as it looks to expand production linked incentive (PLI) scheme to cover more high-employment potential sectors, sources said. The government has already rolled out the scheme with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, textiles, food products, high efficiency solar PV modules, advance chemistry cell and speciality steel. The scheme aims to make domestic manufacturing globally competitive and create global champions in manufacturing, and it is yielding solid results, sources said.
'It would be reasonable to assume that Modi 3.0 would be more focused on projects and schemes which do not require any legislative change or which have the support of its coalition partners,' asserts A K Bhattacharya.
In a boost to the space programme, the government on Wednesday approved the Chandrayaan-4 mission to bring back moon rocks to earth, to send a spacecraft to orbit planet Venus and to expand the Gaganyaan project to build an Indian space station.
The Modi government's flagship initiative 'Make in India' launched 10 years ago has helped the country boost exports, push investments and promote manufacturing. Under the initiative, launched on September 25, 2014, a series of measures have been taken by the government to boost local manufacturing. These initiatives include the rollout of production linked incentive (PLI) schemes for 14 sectors, easing foreign direct investment (FDI) norms, reducing compliance burden to improve business climate, all approvals through single window, and rolling out of the national logistics policy.
'The formula now is even if there is no profit there should be break-even.' 'We green-light a film only if we can see break-even in it.'
In previews of Q2FY25 and beyond, industry analysts are expecting a turnaround for IT services. High teens earnings per share or EPS growth is expected for the next two-three financial years. The hopes are backed by deal wins of above $100 billion as at Q1FY25, up 16.6 per cent year-on-year ( Y-o-Y).
Anil Patel, the secretary of Gujarat Cricket Association and Rohan Jaitley, son of late Arun Jaitley and the president of the Delhi and District Cricket Association are the two names in running to take over as BCCI secretary.
The finance ministry will kick-start the exercise to prepare the annual Budget for 2023-24 from October 10, in the backdrop of revival of the Indian economy and fears of recession in developed countries. The budget for the next year will have to address critical issues of high inflation, job creation, boosting demand, and putting the economy on a sustained 8 per cent-plus growth path. On Wednesday, finance minister Nirmala Sitharaman said inflation is no longer "red-lettered" and the priority for the government now is job creation and boosting growth.
Finance Minister Nirmala Sitharaman will have to do a tight-rope walk between staying fiscally prudent and general public expectations of lower taxes and a wider social security net, while at the same time firing the engines of the economy before general elections. Sitharaman will on Wednesday present her fifth straight Budget at a time when the economy is slowing due to global headwinds and specific sectors need attention. In the run-up to the Budget presentation, expectations are rife that she may tweak income-tax slabs to provide relief to the middle class and increase spending on the poor through programmes such as the rural job scheme while ramping up financial incentives for local manufacturing.
Global firm Accenture's fourth quarter results prove that the worst is behind for the Indian information technology (IT) sector, said analysts on Friday (September 27). While the pace and the broadness of recovery is debatable, they said Accenture's results and revenue growth guidance for the next financial year (FY25) reduce downside risks for Indian IT companies.
If there is any truth to the chatter around Hardik Pandya shifting base to Mumbai Indians from Gujarat Titans, then the five-time IPL champions have "struck gold", India off-spinner R Ashwin said.
'There is a vision in the Budget, and the vision is to take India from a largely agrarian, rural economy into a fast-track digitalised economy.'
The AIFF sacked Stimac in June, terminating his contract exactly a year before it was to expire in the wake of the side's ouster from the second round of FIFA World Cup Qualifiers despite getting a relatively easy draw.
The film has emerged as an instant success.
The Enforcement Directorate on Tuesday questioned former Indian cricket team captain and Congress leader Mohammed Azharuddin for over nine hours in a money laundering case linked to alleged financial irregularities in the Hyderabad Cricket Association, official sources said.
The source said that the PCB is expecting to get some sort of viable answer from the BCCI officials at the upcoming meeting on the progress they have made (if any) on seeking clearance from their government to send their team to Pakistan early next year for the tournament.
'It is requested that listed equity shares or units of equity-oriented fund schemes be exempted from capital gains tax (LTCG) if equity shares or mutual funds units are held for at least three years.'
'I have no family (in the industry), no network, no mentor.' 'Still, I'm consistently working since 20 years and now I have a National Award.' 'It may take time, but if you're consistently at it, nothing can stop you.'
The members who were present at the 93rd BCCI Annual General Meeting (AGM) in Bengaluru on Sunday requested incumbent secretary Jay Shah to speed up the process of finding his successor to keep the transition of power as smooth as possible.
The life insurance industry does not have a good track record when it comes to passing on tax benefits to policyholders, points out Harsh Roongta.
'We have essentially tried to set out an agenda for the next five years and it, in essence, represents the political commitment to that agenda.'
Total budget expenditure will hit Rs 16.65 trillion in the fiscal year that begins on April 1.
The Indian Budget 2009-10 presented by Finance Minister Pranab Mukherjee earlier this week, has disappointed many Indian American investors as it does not focus adequately on some of the key issues, including disinvestment and infrastructure development, IACC said on Friday.
While the exterior has undergone minor refinements, the real improvements lie within, notes Rajesh Karkera/Rediff.com.
The government does not seem keen on issuing fresh gold bonds given the overall cost and rising gold prices.
President Droupadi Murmu on Wednesday emphasised the need to strengthen affirmative action as a tool for inclusion while urging the rejection of divisive tendencies rooted in perceived social hierarchies.
The Union Finance Ministry on Friday announced key amendments to foreign exchange (forex) regulations, including mandating government approvals for all investments originating from countries that share land borders with India. The latest amendments also seek to simplify cross-border share swaps and streamline key definitions, such as "control". The updated regulations have aligned the treatment of downstream investments made by overseas citizen of India (OCI)-owned entities with those owned by non-resident Indians (NRIs) on a non-repatriation basis.
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