CATEGORIES

Govt pegs mkt borrowing at ₹15.4 trillion

Benchmark bond yield is expected to trade ina range of 7.15-7.35% till March 31

Adani stocks play spoilsport in volatile trade

Insurance firms among biggest losers, HDFC Life and ICICI Pru fall more than 10%

Policy to ease non-personal data access

Tech thrust to simplify compliances, secure sharing of documents

Ambitious tax revenue targets set for FY24

GST collections expected to increase at sharper pace of 13% than direct tax mop-up

FM sweetens new personal tax regime

Raises tax rebate under Section 87A to ₹7 lakh, introduces standard deduction of ₹50,000

Capex bet to spur growth gets bigger

GDP and tax projections seem realistic, but reining in revenue spending to bea challenge

You win some, you lose some

This Budget features a massive push to capex-led revival of growth, but largely at the cost of welfare spending

An economist's Budget

All revenue numbers are conservative, and the 5.9% fiscal deficit target for FY24 is believable. It's best to under-promise and over-deliver than vice-versa

Rolling out the red carpet for green growth

Related allocations at ₹70,000 crore; viability gap funding for battery energy storage

Thrust on infra with ₹10-trn capex outlay

States to get ₹1.3 trn interest-free loans

Rise in demand to spur private investments

33% rise in capital spending for FY24 to push economy’s overall productivity

Homeopathic dose for human capital

Budget FY24 gives some fillip to skilling but education and health spends flat

Priority given to the deprived: PM

TERMING THE UNION Budget \"historic\", Prime Minister Narendra Modi on Wednesday said the first Budget in Amrit Kaal has established a strong base to fulfil the resolve of a developed India and dreams of the aspirational society, including the poor and the middle class.

Adani Enterprises withdraws FPO

ADANI ENTERPRISES (AEL) ON Wednesday called off its ₹20,000-crore follow-on public offering (FPO). AEL said it would return the FPO proceeds and withdraw the completed transaction, given the unprecedented situation and the current market volatility.

Angel tax ghost back to haunt startups

THE FINANCE BILL, 2023, has sought to include foreign and non-resident Indians under the ambit of the contentious angel tax provision applicable to early-stage startups. The fine print of the Bill now requires non-resident Indians and foreign investors in private companies (including startups) to pay tax on any or all shares that are issued on premium pricing. This is expected to increase the tax burden on foreign angel and seed investors, according to investors and experts.

Capex surge, income tax sops while sticking to fiscal prudence

IN ITS LAST full Budget before the general elections a little over a year away, the Narendra Modi 2.0 government displayed courage by eschewing populism and kept on top of macroeconomic stability, in the face of external headwinds.

Coal India Q3 net soars over 70% to 7,719 cr

BUOYED BY HIGHER revenue from operations due to higher realisation, state-run miner Coal India on Tuesday reported a 69.41% year-on-year rise in its net profit to 7,719.11 crore during the third quarter ended December 31,2022.

Sundaram Home Finance profit jumps 51% to 753 cr

DRIVEN BY INCREASED demand for loans from smaller towns, Sundaram Home Finance posted a 51% increase inits net profit at 52.56 crore for the third quarter of FY23 as compared to 34.90 crore in the corresponding quarter of last fiscal.

Oil steadies as dollar retreats

OIL PRICES STEADIED after moving close to a three-week low on Tuesday, with US wage growth data and a retreating US dollar bolstering the risk sentiment ahead of the OPEC and central bank meetings this week.

RBI partially eases curbs on SBM Bank India till March 15

THE RESERVE BANK of India on Monday said it has partially relaxed restrictions placed on SBM Bank India on transactions under the liberalised remittances scheme.

Article 370 to triple talaq, oovt decisive: President

IN HER FIRST address toa joint sitting of Parliament, President Droupadi Murmu Tuesday highlighted the steps taken by Prime Minister Narendra Modi’s government, and called it decisive”.

Budget will be ray of hope for the world, says PM

PRIME MINISTER NARENDRA Modi said Tuesday that the Budget for 2023-24 will not only try to fulfil the hopes and dreams of the common man in the country but it will also be a ray of hope for the world.

As selling abates, most Adani stocks recover

SHARES OF A majority of Adani Group companies ended in the green on Tuesday, after a battering in the previous three trading sessions amid reports of fraud by US-based short seller Hindenburg Research.

Decoding the stunning rise of broking major Zerodha

BOOTSTRAPPED STOCK BROKERAGE firm Zerodha’s remarkable growth could, perhaps, be a case study. Soaring revenues and profits of the discount brokerage firm would make its competitors see red, orturn green with envy.

Flying on hope alone?

THE ECONOMIC SURVEY SEEMS TOO OPTIMISTIC ABOUT FY24 GROWTH. NOT ENOUGH JOBS AND WEAK WAGES REMAIN HEADWINDS FOR PRIVATE CONSUMPTION, A KEY DRIVER OF GROWTH

Biden moves to halt US exports to Huawel

THE BIDEN ADMINISTRATION has stopped approving licences for US companies to export most items to China’s Huawei, according to three people familiar with the matter.

IMF eyes turning point’ for world economy as growth bottoms

THE INTERNATIONAL MONETARY Fund sees a turning point” for the global economy as it raised its growth outlook for the first time in a year, with resilient US spending and China’s reopening buttressing demand against a litany of risks.

Fiscal deficit widens despite slowing spending

THE CENTRE'S FISCAL deficit widened considerably to 59.8% of GDP in the first nine months of the current financial year, compared with 50.4% in the year-ago period, due to modest growth in net tax receipts, contraction in non-tax revenues and a mild rise in revenue expenditure.

January GST collections at 1.56 trn, 2nd highest ever

GOODS AND SERVICES TAX collection amounted to 1.56 trillion in January 2023, which was the second highest mop-up since the introduction of the indirect tax levy in July 2017. Receipts from GST touched a record high of 1.68 trillion in April 2022.

Calming inflation: Negotiating the knife-edge

THE YEAR 2022 was marked by a return of high inflation worldwide after three to four decades. Although advanced nations, in general, have an annual inflation target of 2.0%, they are still grappling with much higher inflation rates.