Search Results for: Department of Economic Affairs

Angel Tax Abolished in Budget 2024: Major Boost for Indian Startups [Here's How]

The Indian government has abolished the controversial angel tax on startups, a move hailed as a major relief for the startup ecosystem.The abolition is expected to benefit over 80,000 startups registered with the Department for Promotion of Industry and Internal Trade (DPIIT).

Jul 23, 2024

Union Budget 2024: Govt announces over Rs 3 lakh crore for schemes benefiting women & girls

Focussing on women-led development, the government on Tuesday announced more than Rs 3 lakh crore for schemes benefiting women and girls.

Jul 23, 2024

Comprehensive review of Income Tax Act announced in Union Budget

Finance Minister Nirmala Sitharaman announced a comprehensive review of the Income Tax Act, 1961 to simplify the tax regime. The tax regime for charities, TDS rate structure, and capital gains taxation are also being simplified. The government's efforts to simplify taxes are part of a broader effort to improve taxpayer services and reduce litigation. The government also announced measures to make life and health insurance plans more affordable.

Jul 23, 2024

Indian real estate registers $2.5 bn in investments in Q2

Union Budget: Centre to assign ULPIN to all land in rural areas, realtors upbeat

Finance Minister Nirmala Sitharaman on Tuesday, while presenting the Union Budget in Parliament, announced a slew of land-related reforms and action proposals, including assigning Unique Land Parcel Identification Number (ULPIN) to all land in rural areas.

Jul 23, 2024

Sensex, Nifty end flat as markets turn to consolidation phase

Sensex trades flat ahead of Union Budget as investors keen on positive signs

At 9:55 a.m., Sensex was up 35 points or 0.04 per cent at 80,537 and Nifty was up 2 points or 0.01 per cent at 24,511

Jul 23, 2024

Union Budget: Markets bet big on defence, capital goods, electronics manufacturing, tourism

Budget 24-25: FM all set to present her 7th Budget with major reforms

The Union Budget is unlikely to leave any subject that was not under focus during the recent elections

Jul 23, 2024

Farm sector gets boost as Agri Infra Fund mobilises Rs 73,194 crore: Eco Survey

The Agriculture Infrastructure Fund (AIF) launched by the Government to spur growth in the farm sector has succeeded in mobilising an investment of Rs 73194 crore, according to the Economic Survey released on Monday.

Jul 22, 2024

India made significant progress on climate action: Economic Survey

Recognising its position as one of the most climate-vulnerable countries, India has made significant progress on environmental protection, according to the Economic Survey 2023-24.

Jul 22, 2024

No special status to Bihar, reiterates Centre in Lok Sabha; RJD takes 'toy' jibe

The Centre on Monday ruled out special status to Bihar, a long-standing demand by the state-based parties including BJP's key ally JD (U). The rejection of special status resulted in pointed jibes from Lalu Yadav's Rashtriya Janata Dal (RJD) which also demanded the resignation of Bihar Chief Minister Nitish Kumar.

Jul 22, 2024

Monsoon Session of Parliament begins today

Monsoon Session of Parliament: A Confluence of Debate and Decision

Key bills to be presented include the Bharatiya Vayuyan Vidheyak, 2024, and the Disaster Management (Amendment) Law Bill. The opposition, led by Congress, plans to challenge the government on issues such as public examination irregularities, price rise, and unemployment.

Jul 22, 2024

Farmer's insult case: K'taka govt to issue guidelines to malls, establishments

Karnataka Deputy Chief Minister D.K. Shivakumar on Monday said that the government will release guidelines for all malls and business establishments regarding attire to prevent incidents which recently took place with a farmer as he was insulted over his attire at a mall in Bengaluru.

Jul 22, 2024

Economic Survey 2023-24: Economy continues to expand, inflation largely under control

The Centre on Monday tabled the Economic Survey 2023-2024 in the Lok Sabha. The survey presented by Finance Minister Nirmala Sitharaman and prepared by the Economic Division under the Ministry of Finance provides a detailed analysis of the economic performance for the fiscal year 2023-24.

Jul 22, 2024

India's inflation rate 5.6% higher than most other nations: Bank of Baroda

Retail inflation at 5.4 pc in FY24, lowest since pandemic: Economic Survey 2023-24

Timely policy interventions by the government and the Reserve Bank of India's (RBI) price stability measures helped retail inflation stand at 5.4 per cent -- the lowest since the pandemic

Jul 22, 2024

Economic Survey pegs India's GDP growth rate at 6.5-7 pc for 2024-25

The Economic Survey tabled by Finance Minister Nirmala Sitharaman in Parliament on Monday projects India's GDP growth rate at 6.5 to 7 per cent for 2024-25 as it sees the economy on a strong wicket.

Jul 22, 2024

Karnataka's IT sector pushes for 14-hour workday; govt takes cautious approach

The IT industry in Karnataka is pressuring the state government to consider a new legislation that proposes extended work hours for tech professionals. The proposed bill, which would permit software professionals to work for 14 hours a day, is currently under evaluation.

Jul 22, 2024

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Search Results for: Department of Economic Affairs

Angel Tax Abolished in Budget 2024: Major Boost for Indian Startups [Here's How]

Union Budget 2024: Govt announces over Rs 3 lakh crore for schemes benefiting women & girls

Comprehensive review of Income Tax Act announced in Union Budget

Union Budget: Centre to assign ULPIN to all land in rural areas, realtors upbeat

Sensex trades flat ahead of Union Budget as investors keen on positive signs

Budget 24-25: FM all set to present her 7th Budget with major reforms

Farm sector gets boost as Agri Infra Fund mobilises Rs 73,194 crore: Eco Survey

India made significant progress on climate action: Economic Survey

No special status to Bihar, reiterates Centre in Lok Sabha; RJD takes 'toy' jibe

Monsoon Session of Parliament: A Confluence of Debate and Decision

Farmer's insult case: K'taka govt to issue guidelines to malls, establishments

Economic Survey 2023-24: Economy continues to expand, inflation largely under control

Retail inflation at 5.4 pc in FY24, lowest since pandemic: Economic Survey 2023-24

Economic Survey pegs India's GDP growth rate at 6.5-7 pc for 2024-25

Karnataka's IT sector pushes for 14-hour workday; govt takes cautious approach

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]