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Business
Tax cuts to spur discretionary consumption especially among salaried people:...
4 Feb 2025 11:56 AM IST
New Delhi, Feb 4: Fiscal consolidation glide path is maintained with the Union Budget and tax cuts should spur discretionary consumption especially among the salaried class, a report showed on Tuesday. While reaffirming its commitment to fiscal consolidation, the government has tried to stimulate...
Business
Trump tariffs: India can insulate itself by allowing US goods to enter freely,...
3 Feb 2025 12:26 PM IST
New Delhi, Feb 3: As the Donald Trump administration in the US announced hefty trade tariffs on Canada, Mexico and China, ace global investor Mark Mobius said on Monday that these strong measures can impact the world economic order in the long term, and India can insulate itself easily by opening up...
Business
Budget math looks realistic, economic growth to pick up pace: Morgan Stanley
3 Feb 2025 12:25 PM IST
New Delhi, Feb 3: The Union Budget has managed to meet the goals of boosting consumption though tax cuts, increasing capex through transfers to states, and maintaining the path of fiscal consolidation which is expected to lead to a recovery in the economic growth rate with macro stability in a...
Business
Govt likely to introduce new income tax bill on Feb 6
3 Feb 2025 12:24 PM IST
New Delhi, Feb 3: After the revision in tax slabs in the Union Budget 2025-26 to leave 'enough money in the hands' of taxpayers, the government is likely to unveil the much anticipated draft of the new Income Tax Bill on February 6. The proposed bill aims to bring sweeping reforms to the current...
Business
Centre to introduce new Income Tax Bill next week
1 Feb 2025 12:14 PM IST
New Delhi, Feb 1: In a major announcement, Finance Minister Nirmala Sitharaman on Saturday said the government will introduce a new Income Tax Bill next week. The new Income Tax Code will be announced next week, and the I-T Department will "trust first, scrutinise later", the Finance Minister said...
Business
FIU slaps Rs 9.27 crore penalty on crypto platform Bybit over PMLA violations
1 Feb 2025 11:43 AM IST
New Delhi, Feb 1: The government has slapped a penalty of Rs 9.27 crore on Bybit Fintech Limited Bybit, a virtual digital asset service provider (VDA SP) over Prevention of Money Laundering Act, 2002 (PMLA) violations. The Financial Intelligence Unit-India (FIU-IND) imposed a monetary penalty of...
Business
Commercial LPG cylinder prices slashed by Rs 7 ahead of Union Budget
1 Feb 2025 11:27 AM IST
New Delhi, Feb 1: In a move set to impact the hospitality and commercial sectors, oil marketing companies have reduced the price of 19 kg commercial LPG cylinders by Rs 7, effective immediately. The revision comes just ahead of the Union Budget presentation, scheduled for 11 AM in Parliament....
Business
Union Budget: Fiscal consolidation, infra spending, sector specific incentives...
31 Jan 2025 1:59 PM IST
New Delhi, Jan 31: As Finance Minister Nirmala Sitharaman prepares to present Union Budget 2025-26 on Saturday, the government's focus is expected to be on fiscal consolidation, infrastructure spending, and sector specific incentives, according to top global brokerages and global financial...
Business
MP CM Yadav to hold biz meetings in Kyoto today
31 Jan 2025 1:49 PM IST
Bhopal, Jan 31: On the fourth day of his Japan visit, Madhya Pradesh Chief Minister Mohan Yadav will on Friday engage in government-to-government (G2G) talks and hold business meetings. During the meetings that will go on throughout the day, Chief Minister Yadav will focus on enhancing industrial...
Business
Economic Survey to be presented by Finance Minister Sitharaman in Parliament...
31 Jan 2025 11:47 AM IST
New Delhi, Jan 31: The Economic Survey, a pre-budget document detailing the state of the economy over the last fiscal year, will be presented in Parliament at 12 p.m. on Friday by Finance Minister Nirmala Sitharaman. The presentation comes a day before the much-anticipated arrival of the Union...
Business
Acting South Korean president orders extra vigilance on US policy uncertainty
30 Jan 2025 11:23 AM IST
Seoul, Jan 30: Acting President Choi Sang-mok called for staying vigilant and maintaining the enhanced market monitoring on Thursday amid growing uncertainties stemming from monetary and external economic policies by the Donald Trump administration. Choi made the remarks during a macroeconomic...
Business
US DoJ indictment against Adani a ‘strategic blunder,’ risks damaging India-US...
30 Jan 2025 11:19 AM IST
New Delhi, Jan 30: The US Department of Justice's (DoJ) indictment of Indian billionaire Gautam Adani is a strategic blunder with severe geopolitical consequences, leading American publication Forbes has said.In an article titled "The US Harms The West's Alliances With A Far-Flung Indictment In...
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