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.
As the Union government explores ways to restrict import of laptops and other electronic devices starting with a 5 per cent reduction from the current level, it is working to ensure that there's no supply disruption in India even if an import cap is introduced, it is learnt. The caveat assumes significance in the context of the government's announcement of its plan in August 2023 to issue licences for import of select IT hardware products to reduce the country's dependence on China.
A host of sops given last year to Indian exporters to help tide over the sharp appreciation of the rupee will not be extended by the Centre beyond September 30, when the sops are set to expire.
If everything goes according to the plan, the exercise will begin after the Lok Sabha elections, the official said.
Commerce and Industry Minister Anand Sharma on Wednesday said the government will soon announce incentives for labour intensive export sectors, notwithstanding high growth in the shipments during December.
According to the 'SOP for partial reopening of Schools for students of 9th to 12th classes on a voluntary basis, for taking guidance from their teachers: In the context of COVID-19', a seating arrangement has to be made to ensure a distance of 6 feet between chairs, desks etc and the teaching faculty will ensure that they themselves and students wear masks throughout the conduct of the teaching/guidance activities.
ICICI Bank share price hits record high, ICICI Bank m-cap tops $100 billion: Shares of ICICI Bank have been on a steady uptrend, rising 30 per cent over the past one year; not far behind Axis Bank stock that surged over 34 per cent during the period. The BSE Sensex, meanwhile, is up 25 per cent, and the BSE BANKEX 22 per cent in the last one year, ACE Equity data shows. On Wednesday, June 26, ICICI Bank shares hit a fresh record high for the third consecutive day, rising 2 per cent on the BSE in the intraday trade.
The boy had sent the mail "just for fun" after being influenced by the news of another teenager who made a hoax bomb threat call a few days ago, deputy commissioner of police (IGI Airport) Usha Rangnani said.
Karnataka Chief Minister Siddaramaiah on Saturday ruled out his resignation, following the Governor granting sanction to prosecute him, in connection with the Mysuru Urban Development Authority (MUDA) site allotment 'scam', and said he had done no wrong to step down.
Against the backdrop of a significant number of flights getting delayed and cancelled and passengers facing tough times, the regulator has come out with a set of Standard Operating Procedures (SOPs).
In sops for the middle class, Finance Minister Nirmala Sitharaman on Tuesday hiked standard deduction by 50 per cent to Rs 75,000 and tweaked tax slabs under the new income tax regime to provide more money in the hands of salaried class with a view to boost consumption. She said salaried employees in the new tax regime could save up to Rs 17,500 in income tax annually following the changes announced in the Budget. The standard deduction for salaried employees is proposed to be increased from Rs 50,000 to Rs 75,000 annually.
An assistant animal keeper was injured after a lioness allegedly pounced on him at its enclosure in the Nehru Zoological Park in Hyderabad, officials said on Tuesday.
Besides, Rs 360 crore will be allocated for Chief Ministers' Special Development Programme and Minorities Colony Development Programme in the year, he said.
'We are seeing one of the highest discounts in recent years across companies.' 'October is a crucial month with several festivals coming up.'
Legendary pistol marksman and Manu Bhaker's personal coach Jaspal Rana on Thursday claimed he was asked to leave the Karni Singh shooting range in New Delhi by India's high performance director Pierre Beauchamp, kicking off a controversy in which the national federation appeared to be siding with the Canadian.
The initiatives announced by Commerce and Industry Minister Anand Sharma as part of the annual supplement to the Foreign Trade Policy are aimed at pushing exports which declined by 1.76 per cent to $300.6 billion during 2012-13 and pushed up the trade deficit to $190.91 billion.
Indian National Developmental Inclusive Alliance (INDIA) MPs, including Congress president Mallikarjun Kharge, Congress Parliamentary Party chief Sonia Gandhi and Leader of Opposition in the Lok Sabha Rahul Gandhi, staged a protest in Parliament premises on Wednesday over the alleged discrimination against opposition-ruled states in the Union Budget.
Debt mutual funds are likely to be stripped of the long-term tax benefit if they invest less than 35 per cent of their assets in equities. Such mutual funds will attract short term capital gains tax. The government is likely to make such a proposal in the form of an amendment to the Finance Bill 2023 in the Parliament, sources said.
In yet another round of sops, Finance Minister Jaswant Singh on Wednesday said the exemption on dividend distribution tax to open-ended equity-oriented scheme of mutual funds should continue for full year beyond March 2004.
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.
With low-visibility conditions significantly disrupting flight operations at the Delhi airport, Civil Aviation Minister Jyotiraditya Scindia on Monday said all stakeholders are working round-the-clock to minimise fog-related impact as well as passenger inconvenience, and asserted that unruly passenger behaviour is unacceptable.
The Bharatiya Janata Party on Saturday pulled off a stunning performance in Maharashtra winning a record number of seats to propel the party-led ruling Mahayuti alliance to a landslide victory while the Indian National Developmental Inclusive Alliance (INDIA) stormed back to power in Jharkhand on the back of a spectacular showing by the Jharkhand Mukti Morcha.
A time has thus come when state encouragement for rural students led to empowerment of the socio-economically marginalised sections of the population. It included women. Today, with greater exposure and consequent enlightenment, it has gone beyond 'empowerment' to become 'entitlement', says N Sathiya Moorthy.
The sops, to be given under different schemes like 'Focus Market' and 'Focus Products' from January to December 2011, were unveiled here by Commerce and Industry Minister Anand Sharma.
FinMin does not expect tax or non-tax revenue to reach anywhere close to the targets set in the interim Budget. Sources say that the challenge before the new government will be either to accept the reduced projection and tailor the Budget accordingly or set a more ambitious target.
An important aspect of B-school admissions is the submission of the Statement of Purpose candidates need to submit. But what is it and how do you go about writing it? Read on to find out...
The exporters will get duty benefits for shipments to 15 countries, including Australia, Brazil, New Zealand, China and Japan.
Government considers a proposal to give sops to airlines for linking metropolitan cities and small towns, Union minister for civil aviation Praful Patel informed the Rajya Sabha on Tuesday.
The Bombay high court on Wednesday said the probe into the killing of Badlapur sexual assault case accused Akshay Shinde in a shoot-out should be carried out in a fair and impartial manner.
Announcing the annual Foreign Trade Policy, Anand Sharma said recovery in global economy so far has been fragile and uneven.
The boy wanted to check whether it could be traced back to him or not, police said.
Amid a row over irregularities in competitive exams National Eligibility cum Entrance Test (NEET) and National Eligibility Test (NET), the education ministry on Saturday notified a seven-member panel headed by former Indian Space Research Organisation (ISRO) chief K Radhakrishnan to ensure transparent, smooth and fair conduct of examinations through the National Testing Agency (NTA).
Sri Lanka has decided to impose a one-year moratorium in allowing foreign vessels to conduct research in the island nation's territorial waters, Foreign Minister Ali Sabry has said, amidst frequent docking requests from Chinese surveillance ships.
After being sworn in as chief minister, Akhilesh Yadav announced sops for those believed to have propelled him to power. Sharat Pradhan reports from Lucknow
The National Security Guard lost an experienced counter-Improvised Explosive Device officer to a deadly booby trap in the Pathankot terror attack as the terrorists used an innovative technique whose antidote was not included in the Standard Operating Procedure of the elite counter-terror force.
The Department of Pharmaceuticals has submitted a freight subsidy scheme for exporters to the Commerce Ministry so that they could take alternate routes and avoid transit through Europe, which is a shorter route with better connectivity.
Due to the differences in circadian rhythms between the Northern and Southern Hemispheres, some cheetahs developed thick winter coats during the Indian summer and monsoon last year, anticipating the African winter (June to September).
Modi pitched for competition among the states on ease of doing business instead of offering charity.
The safety and security of citizens is primary for the government, he said.
