Thu, Sep 26, 2024
The central government has announced it will borrow Rs 6.61 lakh crore from October to March, which translates to 47.2 per cent of its total borrowing target for FY25 as set in the Union Budget. These borrowings will be done through dated securities, and the program has been finalised in consultation with the RBI.
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Tue, Aug 06, 2024
Finance Bill 2024 Proposed Amendments: The central government has proposed amendments to the Finance Bill 2024 that offer taxpayers a choice for calculating taxes on real estate transactions. Under the new rules, individuals and Hindu Undivided Families (HUFs) who bought residential property before July 23 can choose between two tax options: 12.5 per cent without indexation (new tax regime) or 20 per cent with indexation (old regime). These changes will provide significant relief to taxpayers liable for long-term capital gains tax (LTCG) on land or buildings. Read on to know more.
Tue, Jul 30, 2024
Finance Minister's reply in Parliament on Budget 2024... She said, 'Budget to build stability... Developed India will be built by 2047'
Mon, Jul 22, 2024
Budget 2024: With the new government's full Union Budget 2024 set to be announced on July 23, expectation are soaring. The focus remains on potential tax reforms that could impact individuals and businesses.
Income Tax Slabs 2024-25 Budget 2024 Highlights: Finance Minister Nirmala Sitharaman increased the standard deduction income tax limit from Rs 50,000 to Rs 75,000 in the new tax regime. She has also introduced three new tax slabs in the new tax regime. The three new tax slabs that have been announced are Rs 3 lakh-7 lakh, Rs 7 lakh-10 lakh, and Rs 10 lakh- Rs 12 lakh. They have replaced Rs 3 lakh-Rs 6 lakh, Rs 6 lakh-9 lakh, and Rs 9 lakh-Rs 12 lakh.
The carbon dioxide removal technologies and carbon capture utilisation and storage need to be explored to bring down the emissions from the use of coal, as per the Economic Survey 2023-24, which was tabled in Parliament.
Old vs New Income Tax Slabs: The old regime has the same tax slabs as announced in the 2012–13 budget. Inflation has increased significantly in the last 12 years, but there have been no changes in slabs. A BankBazaar.com study shows Rs 10 lakh earned in 2012–13 is now Rs 5.50 lakh, so the 20 per cent tax slab should be Rs 9–18 lakh. Amid such a scenario, will finance minister Nirmala Sitharaman increase tax slabs in the Union Budget 2024 tomorrow (July 23, 2024)? Here's what Zee Business sources say
The HWCs ensure preventive, primitive, and some curative services with standardised quality at the lowest possible level, that is, sub-centre. It also ensures the strengthening of sub-centres with manpower and supplies.
Indian economy on a strong wicket and stable footing, demonstrating resilience in the face of geopolitical challenges.
Economic Survey FY24 News: Finance Minister Nirmala Sitharaman presented the Economic Survey for the fiscal year ending March 2024 in Parliament on Monday. Prepared by the Finance Ministry's Economic Division, under the leadership of Chief Economic Advisor V Anantha Nageswaran, the survey highlighted that the economy has sustained its growth trajectory. It also noted that proactive measures by both the central government and the RBI have effectively managed retail inflation in the country to 5.4 per cent.
Budget expectation: CA Ruchika Bhagat, MD, Neeraj Bhagat & Co believes that the government will make the new tax regime more appealing to individual taxpayers. CA Bhagat anticipates several key expectations and reforms to be unveiled in this Union Budget.
Tax slabs adjustment in Union Budget 2024: As the real rates have touched 55 per cent and are close notching 60 per cent levels, taxpayers look for the rationalisation of tax slabs considering the inflationary regime we are in.
Sun, Jul 21, 2024
Economic Survey FY24: Dr V Anantha Nageswaran, the government's Chief Economic Advisor, is set to present the Economic Survey for the fiscal year 2023-24 in the Lok Sabha at 1 pm and in the Rajya Sabha at 2 pm on Monday, July 22.
Stock to buy before Budget: Experts have chosen Subros for positional investors before the Budget. A target of Rs 750 and 770 has been given for the next 8-10 days. Stoploss has to be kept at Rs 660.
Budget 2024 Expectations LIVE Update: Finance Minister Nirmala Sitharaman will make history on July 23 with her seventh Union Budget presentation in Parliament, surpassing Morarji Desai's record. This full-year Budget for FY25 marks the first under the Narendra Modi 3.0 government, following her earlier Interim Budget in February. Anticipation is high across various sectors—from economists and policymakers to industry leaders and the general public—as expectations soar for positive outcomes. Many experts have already shared their wishlists for this highly anticipated event. Here are the latest updates on what industries, experts, analysts, economists, and investors want from the upcoming Union Budget 2024.
Finance minister Nirmala Sitharaman will present the budget on July 23.
Budget expectations: One of the wishes includes rationalisation for tax exemption in Long Term Capital Gains (LTCG) and Short Term Capital Gains (STCG) U/S 111 A/112 etc.
"The reformation of the NDA government for a third consecutive term has positively influenced investor sentiment, fostering expectations of sustained economic growth and continued policy reforms," noted Srivastava. He also attributed investor confidence to the better-than-expected performance in the ongoing earnings season.
Child rights activists expressed hope that the government will heed their calls for a child-centric approach, ensuring the nation's youngest citizens receive the resources and protection they need to thrive.
According to Krishna Appala from Capitalmind Research, the government plans a Rs 4.75 lakh crore investment to upgrade India's power transmission, targeting 618 GW capacity by 2028, along with metro expansions in over 40 cities and Rs 1.5 lakh crore in oil and gas.
"The upcoming Union Budget on July 23, 2024, has become the next focal point for the market, with high expectations for growth-oriented policies. Several factors will influence the market direction, including Q1 FY25 earnings, domestic and global economic data, and broader global market trends.
Defence Minister Rajnath Singh and Parliamentary Affairs Minister Kiren Rijiju, who will put forth the government's view, were also present.
Budget 2024: Amit Vatsyayan, Leader GPS-Agriculture, Livelihood, Social and Skills, EY India, said that investments in rural infrastructure, agriculture, and non-farm sectors have driven impressive growth.
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