After the successful landing of Chandrayaan-3 on the Moon on Wednesday, August 23, Bollywood has joined India to laud ISRO (Indian Space Research Organisation) and its team for the historic mission.
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.
His remarks assume significance at a time when a large number of Indian students, many of them studying medicine, have been stuck in Ukraine following the Russian attack on that country.
2023 was a good year for international cinema with many strong films premiering at the Berlin, Cannes, Venice and Toronto film festivals.
Very gradual fiscal consolidation glide path with looser-than-expected fiscal policy; good quality spending mix and reasonable assumption on fiscal math; and focus on privatisation, asset monetisation and long-term funding for infrastructure investments, according to Morgan Stanley, are the three key themes from the Budget 2021.
'The government believes there is still significant scope to bring more people under the tax net and collect the right amount of taxes, in cases where taxpayers are underpaying,' says Kuldip Kumar, partner and leader personal tax, PwC.
Without periodic booster shots to display of strength, how is this government what it aims to be? There was also the landscape of prosperity pictured; the in-season affair with 'amrit' stretched to a longer residence in 'Amrit Kaal', notes Shyam G Menon.
Here is a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the two aspiring CMs.
Unseasonal rains watered down the performance of consumer durables companies as temperatures cooled, impacting the sales of refrigerators and air conditioners (ACs) in the 2023-24 (FY24) April-June quarter. Centrum says in its report on the sector that the trade channel indicates a 25-30 per cent year-on-year (YoY) decline in sales of refrigerators and ACs in April and May due to restricted buying. "While some green shoots in demand were visible in June, overall growth for the quarter is likely to remain at a negative 10-12 per cent," observes the brokerage.
In today's perspective, such deprivation and insult has anyone seen"? the former Railway minister said in a Facebook post.
If an extension is granted, the Commission's next hearing will be a long one: From October 16-28, so as to complete the cross-examination of all remaining witnesses.
Market players said a big upmove by the market will depend on policy action by the government to revive economic growth and corporate earnings revival.
The gross tax revenues have touched 65 per cent of the Budget estimates at Rs 17.81 lakh crore during the first eight months of the current fiscal till November, propelled by corporate and personal income tax mop-up, according to the Economic Survey 2022-23 presented in Parliament on Tuesday. The survey, authored by Chief Economic Advisor V Anantha Nageswaran, said the 'substantial reforms' in India's taxation ecosystem post-2014 and policy reforms have removed the distortionary incentives from the economy. Reforms like GST, reduction in corporate taxes, exemption of sovereign wealth funds and pension funds from taxes, and removing Dividend Distribution tax have reduced the tax burden on individuals and businesses.
Irrigation woes have contributed to the problem of stubble burning in the state, reports Sarthak Choudhury.
They said that massive public investment in infrastructure, social sectors and agriculture would generate employment and the Union Budget should give it a priority and allocate necessary funds for this.
The department of investment and public asset management (Dipam) can also seek in-principle approval from the Cabinet Committee on Economic Affairs (CCEA) for strategic divestment of PSUs on a case-to-case basis considering investor appetite and sectoral trends.
'Investors should ideally consider equity allocations from a medium-to-long term perspective.'
The service conditions and judges' remuneration are not alluring .
'I was never interested to work as Leader of Opposition but accepted the role on demand of the party MLAs'
Both the eight-time MLA Shivakumar and former Chief Minister Siddaramaiah have made no secret of their ambition to become CM and had been involved in a game of political one upmanship in the past.
Analysts suggest making separate firms of tobacco, hotels and FMCG divisions
Former Railway Ministers were not on the same track as incumbent Sadananda Gowda, calling the Rail budget "pro-rich" and a " Modi gadget" which has nothing new to offer.
Overall, the budgetis positive for the Consumer Durables & Electronics Industry.
'The finance minister and the government have met the immediate challenge. The wine this time is new and also in a new bottle, which, though not full, is less than half empty.'
According to the latest Budget papers, the staff strength of central ministries and departments is estimated to rise by 276,796 to 3.44 million at the end of FY23, it would be up by 109,266 to 3.55 million in March 2024.
Shreekant Sambrani remembers P R S 'Biki' Oberoi, personal friend and hospitality icon, who passed into the ages this week.
A BJP leader in Bihar on Thursday died while taking part in a 'Vidhan Sabha march' against the state's Nitish Kumar government, evoking allegations from senior party leaders that he was "killed in a brutal lathi charge".
'You may see some movement indicating a simpler tax regime with less exemptions but with fewer tax rates making life simpler for taxpayers.'
In Friday's market rally post the corporate tax cut, the country's top business promoters recouped more than two-thirds of the losses that they suffered in the post-Budget sell-off in equity markets.
Having a single point KYC that is automatically used across all financial and non-financial entities is a single piece of reform that should be an easy win to achieve, points out Harsh Roongta.
This is the fifth consecutive day that the Parliament has been adjourned without transacting any business since the second part of the Budget session began on Monday due to uproarious scenes in the House.
The government on Tuesday announced a Rs 200 per cylinder cut in prices of domestic cooking gas as it looked to counter the cheaper LPG promise of the Congress in upcoming assembly elections in states like Madhya Pradesh.
Yesterday's Budget, last week's Economic Survey and the coming Approach Paper to the Twelfth Plan will provide the compass to help India navigate the uncertainties of the post-crisis world.
The first voice by the new government clearly indicates growth and fiscal consolidation and that tells we are in a bull run for a long time.
Post-Budget survey find GDP numbers as 'too optimistic'
The PM was interacting with secretaries of various department.
Whatever your queries, tax expert Mahesh Padmanabhan will answer them and give you tips on tax planning on Friday, February 2, between 4 pm and 5 pm IST. Join us then
The Centre told the Supreme Court on Tuesday a new data protection bill is ready and will be introduced in the monsoon session of Parliament in July, as the apex court heard a matter related to privacy concerns of social media users.
Religion matters. Aspirational India is still poor. India admires strong leaders. India values decency. Shreekant Sambrani highlights the reasons why the BJP pulled off improbable victories in the Hindi heartland.
'You may opt for a longer minimum guaranteed tenure of 12-18 months. This will ensure that in a rising rental scenario, the landlord doesn't serve you a notice and ask you to vacate the property.'
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