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.
'The government is saying 88 Hindus have been killed, but it could be much more.' 'Their properties are being looted, their businesses have been ransacked. I am getting distress calls from there.' 'Muslims who believe in the philosophy of Sheikh Mujibur Rahman are also under attack. Most of those who have fled Bangladesh after Sheikh Hasina's fall are Muslims.'
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Foreign direct investment (FDI) inflows into India have crossed the $1 trillion milestone in the April 2000-September 2024 period, firmly establishing the country's reputation as a safe and key investment destination globally. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative amount of FDI, including equity, reinvested earnings and other capital, stood at $1,033.40 billion during the said period.
How does the Union Budget 2024-25 impact taxpayers, investors and traders?
'Modi's intention was to create goodwill that will allow India to be seen by Trump as more than just a bad tariff problem.' 'He succeeded brilliantly on that count but none of these wins are unfortunately permanent.' 'Modi will have to do this again and again if Trump's grievances are to be durably assuaged.'
Women's HIL will provide financial stability to junior players and attract youth to hockey: Savita Punia
The Securities and Exchange Board of India (Sebi) is mulling changes to the 'fit & proper' criteria for market infrastructure institutions (MIIs), such as stock exchanges, in a bid to segregate the role of an individual from the entity, said sources. Under the current framework, wrongdoing by senior personnel could lead to a debarment of the MIIs such as stock exchanges, depository participants and clearing members-with quite a few such instances in the past. Additionally, Sebi is also mulling to introduce a clause through which any order passed against an MII will not affect their operations, unless it is specifically mentioned so in the order.
The year 2024 was the hottest year on record, with the global average temperature exceeding 1.5 degrees Celsius above pre-industrial levels for the first time, according to the European climate agency Copernicus. Every month from January to June was the warmest ever recorded, and from July to December (except August), each month was the second warmest on record. Scientists are warning that the world is entering a new climate reality, with extreme heatwaves, floods, and storms becoming more frequent and severe. The report also highlights the failure of developed nations to meet their climate finance commitments to developing countries, despite the urgency of the situation.
The Supreme Court of India expressed concern over the appointment of DMK leader V Senthil Balaji as a minister in the Tamil Nadu government despite pending money laundering cases against him. The court questioned the state government's decision, stating it is "terribly wrong" to appoint a person as a minister while facing legal proceedings. The matter has been adjourned to January 15, 2025.
The murder case was filed by Rafiqul Islam at Dhaka's Adabor police station and apart from Shakib, PM Sheikh Hasina, and many former ministers and lawmakers from the party are among the accused.
The Delhi assembly results have underscored that a section of Arvind Kejriwal's committed supporters abandoned him because they were let down by his refusal to take a stand on crucial issues that impinge on the security and Constitutionally enshrined rights of the people, notes Nilanjan Mukhopadhyay.
The best solution would be the one followed in 2018 -- allow cost indexation until March 31, 2024 -- but exit at any time. The second-best alternative would be to allow time until March 31, 2025 for investors to exit their investments under the old indexation regime, points out Harsh Roongta.
External Affairs Minister S Jaishankar reiterated India's stance on the Depsang and Demchok areas in Ladakh, stating that Indian security forces will patrol up to the historical limits. He also firmly rejected Nepal's alleged territorial claims, asserting that India's position on the border is clear and will not be altered. Jaishankar also addressed the situation in Myanmar and India's 'Neighborhood First' policy, highlighting the government's commitment to regional cooperation and development.
The government on Tuesday announced withdrawal of the 2 per cent equalisation levy or digital tax on overseas e-commerce supplies.
A sharp rise can be attributed to the significant changes in India's share buyback tax regime, which will come into effect from October 1, 2024.
In an online chat with Rediff.com readers, personal finance expert Anil Rego answered queries about the new tax regime announced in the Union Budget.
Budget ideas from industry are irresponsible
Economic growth, which we are taking for granted, slows for a completely different set of local or global factors and the Modi premium vanishes, observes Debashis Basu.
A senior Bangladesh Nationalist Party (BNP) leader has blamed an 'ecosystem of former diplomats, bureaucrats, politicians, and think tanks' for creating a 'bogeyman' to mislead the Indian establishment into believing that Indo-Bangla relations would deteriorate without the Sheikh Hasina-led Awami League.
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
Investors with a long-term horizon and high-risk appetite seeking capital appreciation can consider investing in ELSS.
Putin is looking beyond the current regime in Kyiv. Of course, if the Western military assistance to Kyiv continues in any form, Washington knows that Russia will regard it as a hostile act and there will be severe consequences, predicts Ambassador M K Bhadrakumar.
The Sabarmati Report is so flimsy in its execution, taking offence to it would be dignifying its existence, notes Sukanya Verma.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The avoidable stresses and strains in ties helped in one way. It showed for the entire region how a matured India handled diplomatic relations, especially with a smaller and suspicious neighbour, with practised dignity and patience, unruffled by provocations in word, deed and action, observes N Sathiya Moorthy.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
'Are we to believe that coordinated moves by the Canadian and US authorities are no longer taking place?', asks Ambassador M K Bhadrakumar.
Tax consultants and chartered accountants have started receiving a flurry of calls from their clients - both corporate and individuals - seeking clarity over changes in the reassessment regime made during the recently concluded Budget Session of Parliament. Tax experts apprehend the amendments may lead to the income-tax (I-T) department sending out more notices. The new provisions, effective from April 1, have extended the scope for tax sleuths to reopen the past assessments.
'The move to remove indexation benefits on LTCGs presently available for property, gold, and other unlisted assets may have a negative impact as it directly impacts real estate investors.'
'Don't get stressed if you are not able to do your work.' 'If you feel you do not have the skill or capacity to do some work, accept it.'
Former Karnataka Chief Minister S M Krishna passed away at his residence in Bengaluru early Tuesday morning, his family said.
Naidu claimed that he never saw such a situation like how it was when Reddy, the YSRCP chief, ruled during the past five years.
'When interest rates rise, the NAVs of these funds will fall.' However, they won't fall as much as longer-duration funds.
Data from Value Research analysed on five-year, three-year and one-year performances of active equity schemes to pick the best performers in popular scheme categories.
With the Dravida Munnetra Kazhagam and allies far ahead in all the 39 Lok Sabha constituencies in the state and 1 in neighbouring Puducherry, it appears the outcome, for the Stalin-led Dravidian party will be similar to the success of the popular flick Baahubali.
Suryakumar Yadav, the newly-appointed T20I captain, asserted that India will continue to play the aggressive brand of cricket which hallmarked the regime of his predecessor Rohit Sharma.
Every year has its share of duds and turkeys. 2024 was no different except that even the rotten ones are too drab to have any real offence value.
The Budget may tweak capital gains taxes levied on equity, debt and immovable property to bring parity in varied tax rates and holding period, a senior official said. Explaining the rationale, the official said there needs to have an alignment in tax rate and holding period for all the asset class. Changes in capital gain tax expected in Budget, the official said.
The Congress in its poll manifesto had promised to undo the changes made to school textbooks when the Bharatiya Janata Party was in power, and had also promised to scrap National Education Policy.
