New Delhi: The Union Ministry of Finance, in a notification issued Wednesday, reverted to a 10 percent customs duty on imported lab chemicals, except industrial-grade ethanol, with a condition — an undertaking from importers. The notification comes only a week after Finance Minister Nirmala Sitharaman announced a steep hike in customs duty on imported lab … Read more
Gold outlook: The recent Budget’s decision to reduce the import duty on gold from 15% to 6% has left investors in paper gold feeling cheated. The announcement caused domestic gold prices to plummet by more than 8%, from Rs 74,080 to Rs 68,388 per 10 grams. Gold ETFs and sovereign gold bonds, which are linked … Read more
Prime Minister Narendra Modi’s new government outlined vast spending on unemployment and projects favored by key political allies, in the most high-profile acknowledgment to date by the ruling party of India’s changed political landscape following a punishing election setback last month. In an 83-minute speech before India’s parliament on Tuesday, Finance Minister Nirmala Sitharaman said … Read more
Home Health Budget 2024: Big Relief For Cancer Patients as 3 Medicines Get Cheaper – Read Details Health Budget 2024: To provide relief to cancer patients, Finance Minister Nirmala Sitharaman proposes to fully exempt three medicines from customs duties. Budget 2024: Union Finance Minister Nirmala Sitharaman announced significant relief for cancer patients in the Union … Read more
New Delhi: With a continued focus on infrastructure, the Narendra Modi-led government, in the first budget in its third term, has announced an outlay of Rs 11.11 lakh crore or 3.4 percent of the country’s gross domestic product (GDP) for infrastructure development. While the capital expenditure remains unchanged from what was announced in February’s interim … Read more
New Delhi: The Union Budget for FY 2024-25 tabled in Parliament by Finance Minister Nirmala Sitharaman “copied” ideas from the Congress’s Lok Sabha elections manifesto, the principal opposition party said Tuesday. Leader of the Opposition Rahul Gandhi called it a “kursi-bachao” (save the chair) and “copy-and-paste” budget. Ideas copied from the Congress manifesto, party leaders … Read more
New Delhi: The Modi 3.0 government, in a move to bolster the housing sector, has proposed a substantial budgetary allocation of Rs 10 lakh crore under the Pradhan Mantri Awas Yojana (PMAY), with a focus on housing for poor and middle-class families in urban areas. This initiative includes central assistance of Rs 2.2 lakh crore … Read more
NEW DELHI: The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman on Tuesday, introduced several significant changes to income tax rules that will have a direct impact on the finances of individuals. Let’s look into the various tax measures that were introduced, modified, or removed.What Budget 2024 gaveUnder the new tax regime (NTR), income … Read more
Home Business Budget 2024: Congress Slams Govt Over Unemployment, Says ‘Govt’s Response Too Little’ Unemployment is the “biggest challenge facing country” and the response of the government is “too little and will have only little impact on the grave situation”, P Chidambaram said. Congress Leaders Union Budget 2024: In a fresh war of words, the Congress … Read more
There is exciting news for those planning to buy jewellery for weddings and other special occasions. One of the most significant announcements in the Union Budget 2024 is the reduction of customs duties on gold and silver, which is expected to help bring down the currently high prices of these precious metals.Finance Minister Nirmala Sitharaman … Read more