News for 'rediffgurus'

Ultra-Processed Foods Are Bad For You

Ultra-Processed Foods Are Bad For You

Rediff.com29 Nov 2023

Even a few servings of ultra-processed foods can contribute significantly to your daily calorie intake, warns dietician Rachel Anthony.

Looking For A Broker? Read This!

Looking For A Broker? Read This!

Rediff.com1 Nov 2023

'The stockbroker should have a good balance sheet to support its scale of operations. It should also have proper risk management in terms of margins so that it doesn't go bankrupt during extreme market movements.' 'The broker must have a track record of navigating several market cycles in an ethical and transparent manner.'

IT Hiring Slowdown Worries Students

IT Hiring Slowdown Worries Students

Rediff.com13 Nov 2023

'Students of Tier-II and Tier III engineering colleges in the south may find 2023 to be one of the toughest years for getting jobs.'

9 Tips To Handle Valentine's Day

9 Tips To Handle Valentine's Day

Rediff.com8 Feb 2023

Valentine's day is nerve-wracking only because people make it so; stop putting pressure on yourself to make it perfect, suggests Ravi Mittal, CEO, Quack Quack, an online dating app.

Gaganyaan gets Rs 12,544 cr allotted for space

Gaganyaan gets Rs 12,544 cr allotted for space

Rediff.com1 Feb 2023

Finance Minister Nirmala Sitharaman on Wednesday allocated nearly Rs 12,544 crore to the department of space as India plans a human spaceflight -- Gaganyaan -- next year and sets out to explore the moon and neighbouring planets.

Govt allocates Rs 1,900 crore to buy EVMs

Govt allocates Rs 1,900 crore to buy EVMs

Rediff.com1 Feb 2023

According to the budget document, Rs 1,891.78 crore has been allocated for purchase of EVMs by the poll panel.

Fiscal deficit to be brought down under 4.5% by 2025-26: FM

Fiscal deficit to be brought down under 4.5% by 2025-26: FM

Rediff.com1 Feb 2023

Fiscal deficit would be brought down to below 4.5 per cent by 2025-26, Finance Minister Nirmala Sitharaman said on Wednesday. She also said that tax receipts for the next fiscal are budgeted at Rs 23.3 lakh crore and states would be allowed 3.5 per cent of GDP as fiscal deficit. To finance the fiscal deficit in 2023-24, net market borrowing from dated securities is estimated at Rs 11.8 lakh crore, Sitharaman said while presenting the Union Budget for 2023-24 in the Lok Sabha.

Banks Or NBFCs? Where to Go For Student Loans?

Banks Or NBFCs? Where to Go For Student Loans?

Rediff.com6 Sep 2023

While both institutions provide financial assistance, there are significant differences between them in terms of offerings, eligibility criteria, interest rates, and other crucial factors.

3 Tips To Choose Home Loan Lender Wisely

3 Tips To Choose Home Loan Lender Wisely

Rediff.com20 Sep 2023

Your awareness about the effect of the home loan tenure and EMI on your loan empowers you to take better decisions, explains Gaurav Mohta.

Why Indians Turn To Dating Coaches

Why Indians Turn To Dating Coaches

Rediff.com13 Jul 2023

The online world is filled with love gurus promising to teach "how to woo someone in minutes", unlike those who talk about the need to do the self-work.

Market Giving Sleepless Nights? Read This

Market Giving Sleepless Nights? Read This

Rediff.com30 Nov 2023

If a 5% to 10% fall in the equity market gives you sleepless nights, you are not cut out for a 75% to 80% allocation to equities and must reduce it.

Salaries, perks of ministers to cost Rs 1,259 crores

Salaries, perks of ministers to cost Rs 1,259 crores

Rediff.com1 Feb 2023

The Union budget for 2023-24 has allocated Rs 1,258.68 crore for various heads of expenditure of the Union cabinet, including salaries, sumptuary and travel by ministers and entertainment of foreign state guests.

Young Taxpayers Prefer New Tax Regime

Young Taxpayers Prefer New Tax Regime

Rediff.com31 Aug 2023

'Most young taxpayers prefer income tax filing to be flexible yet straightforward.'

What's Better? No-Cost EMI Or BNPL?

What's Better? No-Cost EMI Or BNPL?

Rediff.com13 Nov 2023

Ultimately, the choice between no-cost EMI and BNPL depends on an individual's financial situation, preferences, and ability to manage repayments responsibly.

Valentine's Day: 10 Online Dating Tips

Valentine's Day: 10 Online Dating Tips

Rediff.com9 Feb 2023

Try getting to know them better before allowing yourself to develop any feelings, or your judgment will get clouded by emotions running high, suggests Ravi Mittal, CEO, Quack Quack, an online dating app.

Rs 10 cr deduction limit on capital gains

Rs 10 cr deduction limit on capital gains

Rediff.com1 Feb 2023

The government on Wednesday imposed a limit of Rs 10 crore for deduction on long-term capital gain tax for reinvestment in residential properties under Section 54 and 54F of the Income Tax Act. These two sections deal with reinvestment of proceeds from sale of long-term assets (housing or other capital assets) to buy residential properties. "For better targeting of tax concessions and exemptions, I propose to cap deduction from capital gains on investment in residential houses under sections 54 and 54F to Rs 10 crore," Finance Minister Nirmala Sitharaman said in her Budget speech.

Infrastructure development capex hiked by 33% to Rs 10 lakh crore for 2023-24

Infrastructure development capex hiked by 33% to Rs 10 lakh crore for 2023-24

Rediff.com1 Feb 2023

Finance Minister Nirmala Sitharaman on Wednesday announced hiking the capital expenditure by 33 per cent to Rs 10 lakh crore for infrastructure development for 2023-24 and will be at 3.3 per cent of the GDP. Presenting the Budget for 2023-24, she said the newly established infrastructure finance secretariat will assist in attracting more private investment. "Capital investment outlay is being increased steeply for the third year in a row by 33 per cent to Rs 10 lakh crore, which would be 3.3 per cent of GDP.

Huge boost for India's sportsperson in Union Budget

Huge boost for India's sportsperson in Union Budget

Rediff.com1 Feb 2023

The Sports Ministry has got a fillip with the government allocating Rs 3,397.32 crore, an increase of Rs 723.97 crore, in the Union Budget on Wednesday.

New tax regime now more attractive: Sitharaman

New tax regime now more attractive: Sitharaman

Rediff.com1 Feb 2023

Finance Minister Nirmala Sitharaman on Wednesday said the government has made the new income tax regime more attractive for taxpayers and has thus brought about 'substantial changes' in its structure for the benefit of the middle class. The Budget 2023-24 has proposed changes in the optional tax regime, which was introduced in 2020-21. Speaking to reporters after presentation of the Budget, Sitharaman said the country has been waiting for a direct tax regime which is simplified and easy in compliance.

Health sector allocation hiked by 13% in Union Budget

Health sector allocation hiked by 13% in Union Budget

Rediff.com1 Feb 2023

The health sector has been allocated Rs 89,155 crore in the Union Budget 2023-24, a hike of around 13 per cent over Rs 79,145 crore allocated in 2022-23, with the government also announcing a mission to eliminate sickle cell anaemia by 2047.

Tourism promotion goes into mission and challenge mode

Tourism promotion goes into mission and challenge mode

Rediff.com1 Feb 2023

At least 50 travel destinations would be developed as a "complete package" and states will be encouraged to set up a 'unity mall' for the sale of their products, Finance Minister Nirmala Sitharaman announced in the Budget on Wednesday, asserting that promotion of tourism will be taken up on a "mission mode".

Govt to borrow record Rs 15.4 lakh crore in FY24

Govt to borrow record Rs 15.4 lakh crore in FY24

Rediff.com1 Feb 2023

The government plans to borrow a record Rs 15.4 lakh crore from dated securities in FY24 to meet its expenditure requirement to prop up the economy.

Sitharaman, 6th FM to present budget 5 times in a row

Sitharaman, 6th FM to present budget 5 times in a row

Rediff.com1 Feb 2023

Other ministers who have presented five straight annual financial statements include Arun Jaitley, P Chidambaram, Yashwant Sinha, Manmohan Singh and Morarji Desai.

Meagre hike in MEA budget; Rs 990 cr allocated towards G20 presidency

Meagre hike in MEA budget; Rs 990 cr allocated towards G20 presidency

Rediff.com1 Feb 2023

The Ministry of External Affairs (MEA) has been allocated a total of Rs 18,050 crore in the Union Budget for 2023-24 which is an increase of around 4.64 per cent over last year's allocation of Rs 17,250 crore.

TDS limit for cooperative sector hiked to Rs 3cr, concessional tax for societies

TDS limit for cooperative sector hiked to Rs 3cr, concessional tax for societies

Rediff.com1 Feb 2023

For the cooperation ministry, the government made a total budget outlay of Rs 1,150.38 crore for 2023-24, lower than the revised estimate of Rs 1,624.74 crore for 2022-23.

Budget 2023: Key numbers to be watched

Budget 2023: Key numbers to be watched

Rediff.com1 Feb 2023

Finance Minister Nirmala Sitharaman will be presenting her fifth Budget that may do a tightrope walk between staying fiscally prudent and meeting general public expectations of lower taxes and a wider social security net, while at the same time firing the engines of the economy.

How To Discuss Money In A New Relationship

How To Discuss Money In A New Relationship

Rediff.com17 Apr 2023

Discussing something as challenging as money should not be done through texts or calls in the middle of a stressful week or even a weekend before an important event, advises Ravi Mittal, CEO, Quack Quack, an online dating app.

Not Filed Your ITR Yet?! Read This Now!

Not Filed Your ITR Yet?! Read This Now!

Rediff.com7 Aug 2023

Missing the deadline for filing Income Tax returns can lead to consequences.

Control Is Not Love!

Control Is Not Love!

Rediff.com11 Apr 2023

Feeling the constant need for approval in a relationship is toxic, alerts Ravi Mittal, CEO, Quack Quack, an online dating app.

Is Your Job Killing You?

Is Your Job Killing You?

Rediff.com23 Jun 2023

The key problem with the current generation is that most people don't understand how much is enough to lead a good life! exclaims Virender Kapoor.

Stock Market Losses? Tips To Reduce Tax

Stock Market Losses? Tips To Reduce Tax

Rediff.com15 Mar 2023

Ravi Singhal explains how a taxpayer can go about reducing her/his tax liability if they suffer losses while investing or trading in the stock market.

Should you opt for the new tax regime? Read to find out

Should you opt for the new tax regime? Read to find out

Rediff.com1 Feb 2023

A taxpayer whose deductions and exemption claims are less than Rs 3.75 lakh annually would be advised to opt for the new income tax regime and pay less tax than they gave in the old regime, a senior finance ministry officer said on Wednesday. The Income Tax Department has arrived at the figure after making due calculations for ensuring a "hassle-free and less tax rate" filing regime for the assessees, he said. Union Finance Minister Nirmala Sitharaman, while presenting the Budget for 2023-24, said the government has made the new income tax regime more attractive for taxpayers bringing "substantial changes" in its structure for the benefit of the middle class.

Old Or New Tax Regime: Which Is Better?

Old Or New Tax Regime: Which Is Better?

Rediff.com13 Feb 2023

'If a taxpayer opts for the new tax regime once, he can only switch back to the old tax regime once in his lifetime.'

Highlights of Budget 2023-24

Highlights of Budget 2023-24

Rediff.com1 Feb 2023

Per capita income has more than doubled to Rs 1.97 lakh in around nine years. Indian economy has increased in size from being 10th to 5th largest in the world in the past nine years. Seven priorities of the Budget, 'Saptarishi', are inclusive development, reaching the last mile, infrastructure and investment, unleashing the potential, green growth, youth power and financial sector.

No tax on income up to Rs 7 lakh, surcharge cut to 25%

No tax on income up to Rs 7 lakh, surcharge cut to 25%

Rediff.com1 Feb 2023

Finance Minister Nirmala Sitharaman in her fifth Union Budget made five major announcements for the income tax assesse. She announced no changes in the old tax regime and confined her relief measures to the new tax regime. There have been no changes under the old tax regime.

TV, mobiles to be cheaper; gold, cigarette, imported cars to cost more

TV, mobiles to be cheaper; gold, cigarette, imported cars to cost more

Rediff.com1 Feb 2023

Mobile phones and TV sets manufactured in India would become cheaper with Finance Minister Nirmala Sitharaman announcing cuts in Basic Customs Duty (BCD) on import of their components but smokers would have to pay more as the government has increased taxes.

'Modi, Modi' countered with 'Adani, Adani' during Budget speech

'Modi, Modi' countered with 'Adani, Adani' during Budget speech

Rediff.com1 Feb 2023

Finance Minister Nirmala Sitharaman's Budget speech on Wednesday was marked by the usual thumping of benches by the ruling alliance members, but the loudest cheer was reserved for her announcement of income tax relief, which was welcomed by 'Modi, Modi' chants in Lok Sabha that also witnessed a few instances of protest by the Opposition.

Budget 2023: Opposition slams 'limited focus' on health, education

Budget 2023: Opposition slams 'limited focus' on health, education

Rediff.com1 Feb 2023

Opposition leaders slammed the Centre on Wednesday for its 'limited' focus on important sectors like health and education in the Budget for 2023-24 fiscal.

Poll-bound Karnataka gets Rs 5,300 cr aid in budget

Poll-bound Karnataka gets Rs 5,300 cr aid in budget

Rediff.com1 Feb 2023

According to state officials, the project envisages lifting of 17.40 thousand million cubic feet of water from river Thunga to Bhadra reservoir and 29.90 TMC from Bhadra reservoir.

Sitharaman uses tablet not paper to present Budget

Sitharaman uses tablet not paper to present Budget

Rediff.com1 Feb 2023

Finance Minister Nirmala Sitharaman on Wednesday again took a digital tablet wrapped in a traditional 'bahi-khata' style pouch as she headed for Parliament to present Union Budget 2023-24 in a paperless format just like the previous two years. She posed for the traditional 'briefcase' picture outside her office along with her team of officials before heading to meet the President. She, however, was holding a tablet instead of a briefcase to present the Budget in a digital format.