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Rs 6.67 lakh crore investment needed by 2031-32 to expand thermal power capacity
Business

Rs 6.67 lakh crore investment needed by 2031-32 to expand thermal power capacity

New Delhi, July 26: The Power Ministry has estimated that the expansion required in the country’s thermal capacity to meet the growing demand for electricity will entail an expenditure of a minimum of Rs 6.67 lakh crore by 2031-32, Minister of State for Power Shripad Naik informed the Parliament on...
Govt assures green energy sector of support under PLI scheme
Business

Govt assures green energy sector of support under PLI scheme

New Delhi, July 25: Minister of State for New and Renewable Energy (MNRE), Shripad Yesso Naik on Thursday held discussions with industry representatives on the production-linked incentive (PLI) scheme and other incentives to promote Indian manufacturing in the renewable energy sector. He assured...
Early cancer detection startup Navaux gets new funding
Business

Early cancer detection startup Navaux gets new funding

New Delhi, July 25: US-based cancer detection startup Navaux on Thursday announced receiving fresh funding, which it said, will play a "pivotal role" in entering the Indian market. The life science company secured an undisclosed investment from angel investor Karna D. Shinde.This comes as India is...
Indian GenAI startup Devnagri raises new funds led by Inflection Point Ventures
Business

Indian GenAI startup Devnagri raises new funds led by Inflection Point Ventures

New Delhi, July 25: Homegrown Generative AI (GenAI) startup Devnagri on Thursday said it has raised an undisclosed amount in a pre Series A round led by Inflection Point Ventures. The B2B-focused Indian language translation startup said new funds will be allocated to marketing, sales, technology...
New capital gains regime to simplify tax system: CBDT Chairman
Business

New capital gains regime to simplify tax system: CBDT Chairman

New Delhi, July 25: The new tax provisions and the capital gains tax regime will enable people to save more money than before and simplifying the tax assessment process will also provide relief to taxpayers, Ravi Agarwal, Chairman of Central Board of Direct Taxes (CBDT), said on Thursday. He said...
Indexation removal on real estate won
Business

Indexation removal on real estate won't hike tax burden, has limited impact

New Delhi, July 25: Amid the growing chatter over the removal of indexation benefit in the long-term capital gain (LTCG) calculation, Finance Minister Nirmala Sitharaman has reiterated that the move is not a “revenue raising measure” and will not lead to a higher tax burden on real estate...
Rs 10,376 cr allocated for railway projects under NFR by Union Budget
Business

Rs 10,376 cr allocated for railway projects under NFR by Union Budget

Guwahati, July 24: Railway Minister Ashwini Vaishnaw said on Wednesday that Union Budget 2024-25 allocated Rs 10,376 crore for railway projects in the northeastern states, which is about five times higher than the average allocation of Rs 2,122 crore made during 2009-14.During a virtual interaction...
Vietnam
Business

Vietnam's e-commerce boasts highest annual growth in ASEAN

Hanoi, July 24: Vietnam's e-commerce market has boasted an average annual growth rate of 16-30 per cent over the past four years, the highest in the Association of Southeast Asian Nations (ASEAN) region, local media VOV reported.Citing OpenGov Asia, a content platform dedicated to sharing...
India the most exciting economic story in world: UKIBC on Union Budget
Business

India the most exciting economic story in world: UKIBC on Union Budget

New Delhi, July 24: Calling India the most exciting economic story in the world, The UK India Business Council on Wednesday congratulated Finance Minister Nirmala Sitharaman and the government for an emphasis on facilitating foreign investments and commitment towards fiscal stability in the Union...
Time to invest in stocks which can deliver superior returns: Experts on LTCG tax
Business

Time to invest in stocks which can deliver superior returns: Experts on LTCG tax

New Delhi, July 24: Stock market experts on Wednesday said that investors should focus on buying stocks which can deliver superior returns after a marginal increase in long term capital gains tax (LTCG) on equity becomes a reality.According to experts, the taxation of capital gains has undergone...
Rajasthan gets new industrial park in Union Budget 2024
Business

Rajasthan gets new industrial park in Union Budget 2024

Jaipur, July 24: Rajasthan has received a major industrial park in the first Budget of the BJP-led government at the Centre, with the state receiving Rs 7,000 crore more as a share of Central taxes this time.Among the 12 new industrial parks being announced by Union Finance Minister Nirmala...
Budget gives big push to fisheries sector with 54 per cent hike in outlay
Business

Budget gives big push to fisheries sector with 54 per cent hike in outlay

New Delhi, July 23: The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman in the Parliament on Tuesday, has hiked the allocation for the Department of Fisheries by 54 per cent to Rs 2,616.44 crore from Rs 1,701 crore (Revised Estimates) during 2023-24.As much as Rs 2,352 crore...
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