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Budget 2022 key highlights: From digital currency to mental health programme
Business

Budget 2022 key highlights: From digital currency to mental health programme

Guwahati, Feb1: Finance Minister Nirmala Sitharaman today presented the Union Budget 2022-23 in the Parliament. Apart from announcing five major infrastructure projects the Fin Min proposed rolling out 5G telecome services, announced a national tele-programme for mental health; and brought virtual...
Budget 2022: For every rupee in govt coffer, 58 paise to come from taxes
Business

Budget 2022: For every rupee in govt coffer, 58 paise to come from taxes

New Delhi, Feb 1: For every rupee in the government coffer, 58 paise will come from direct and indirect taxes, 35 paise from borrowings and other liabilities, 5 paise from non-tax revenue like disinvestment and 2 paise from non-debt capital receipts, according to the Budget documents for 2022-23. ...
Budget 2022: 30 pc tax on income from cryptocurrency, virtual assets; 1 pc TDS on buy/sale
Business

Budget 2022: 30 pc tax on income from cryptocurrency, virtual assets; 1 pc TDS...

New Delhi, Feb 1: Giving clarity on taxation of cryptocurrencies and other virtual assets, Finance Minister Nirmala Sitharaman on Tuesday proposed a 30 per cent tax on income from transactions in such assets. Also, to bring such assets under the tax net, she proposed a 1 per cent TDS (tax...
Nirmala Sitharaman delivers Budget 2022-23 in shortest speech
Business

Nirmala Sitharaman delivers Budget 2022-23 in shortest speech

New Delhi, Feb 1: Finance Minister Nirmala Sitharaman on Tuesday delivered the Budget 2022-23 with her shortest budget so far. She spoke for one hour and 30 minutes, making it the shortest among the budget speeches that generally go for about 2 hours at least.Sitharaman, who also made the second...
India to gets its own digital currency by RBI next year: FM
Business

India to gets its own digital currency by RBI next year: FM

New Delhi, Feb 1: Union Finance Minister Nirmala Sitharaman on Tuesday announced the launch of India's own digital currency by the RBI next year that will be based on Blockchain technology, while the much-expected Cryptocurrency Bill is yet to see the light of the day. With this, India will join...
Cabinet approves Union Budget for 2022-23
Business

Cabinet approves Union Budget for 2022-23

New Delhi, Feb 1: The Union Cabinet headed by Prime Minister Narendra Modi on Tuesday approved the Budget 2022-23, sources said. The Budget will be presented by Finance Minister Nirmala Sitharaman in a short while from now in the Lok Sabha. The Budget documents usually include the finance...
Sitharaman takes tablet in red pouch to Parliament to present paperless Budget
Business

Sitharaman takes tablet in red pouch to Parliament to present paperless Budget

New Delhi, Feb 1: Finance Minister Nirmala Sitharaman on Tuesday again took a digital tablet wrapped in a traditional bahi-khata style pouch as she headed for Parliament to present the Union Budget 2022-23 in a paperless format just like the last year. She posed for the traditional 'briefcase'...
Union Budget 2022: Lower excise duties on fuel, reduction in personal tax rates possible
Business

Union Budget 2022: Lower excise duties on fuel, reduction in personal tax rates...

New Delhi, Feb 1: Lower excise duties (on petrol & diesel) and a reduction in personal tax rates are possible in the Union Budget. Given the strong tax-revenue performance in FY21/22, the government has a lot of room for manoeuvre on the tax front. Corporate tax was cut to an effective rate of...
Sensex tanks over 900 pts in early trade; Nifty slips below 17,000
Business

Sensex tanks over 900 pts in early trade; Nifty slips below 17,000

Mumbai, Jan 25: Equity benchmark Sensex slumped over 900 points in opening trade on Tuesday, tracking losses in index majors Wipro, RIL and HDFC Bank amid a weak trend in Asian markets. Besides, frantic foreign capital outflows also weighed on domestic equities, even as concerns over the US...
Decline in equities continue for 4th straight sessions
Business

Decline in equities continue for 4th straight sessions

New Delhi, Jan 21: The 30-scrip Sensitive Index (Sensex) and broader 50-scrip Nifty on the National Stock Exchange (NSE) extended their losses from the previous three consecutive sessions and declined on Friday.At 10.25 a.m., Sensex traded at 58,593 points, down 0.9 per cent from the previous close...
Reliance Jio topples BSNL as largest fixed line broadband provider
Business

Reliance Jio topples BSNL as largest fixed line broadband provider

New Delhi, Jan 18: In about two years of commercial roll out of its fixed-line broadband services, Reliance Jio has toppled 20 -year-old state-run telecom company BSNL as top service provider in the segment. According to a monthly telecom subscribers report released by the telecom regulator...
Financial literacy, a key trend among todays youth
Business

Financial literacy, a key trend among today's youth

New Delhi, Jan 13: Young people are increasingly signing up for financial literacy classes, which are conducted by India's leading financial institutions and are fueled by social media influencers who give financial advice but are often untrained to do so.There was a time when Indian youngsters...
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