CATEGORIES
Insurance Bill likely in Budget session
THE MUCH-AWAITED INSURANCE (Amendment) Bill to allow 100% foreign direct investment (FDI) in the sector and composite licensing will likely be taken up in the Budget session of Parliament, financial services secretary M Nagaraju said on Monday.
Gradual sales recovery expected for Nestle
● Planning price hike in Q4 due to rising raw material costs
AAP Flags BJP Budget Tax Ad
Terming a print ad by the BJP as \"misleading\" for seeking to portray the I-T relief in the Budget as a \"gift for Delhi\", the AAP on Monday filed a complaint with the Delhi CEC office, seeking action in the matter.
FM to Address RBI Board on Saturday
FINANCE MINISTER NIRMALA Sitharaman is scheduled to address the Reserve Bank of India's central board on February 8 and highlight key points of the Budget, including significant income tax relief to boost demand.
Tariff War 2.0: US Says Europe Next
HE SAID THE tariffs against the three largest US trading partners, which take effect on Tuesday, might cause Americans some short-term pain, but \"long term, the US has been ripped off by virtually every country in the world\".
Delhi polls: Most Gen Z voters aware
MOST GENZ VOTERS in Delhi are aware of candidates in their constituencies, and women safety, unemployment and pollution are the main pressing issues for them, a study has found.
Fitch flags downside risk to India's rating
INDIA'S PACE OF debt reduction is gradual, leaving room for downside risk to sovereign rating in the eventuality of a significant economic shock, Fitch Ratings said on Monday.
Make-in-India EV goal may take a hit
● Cut in auto PLI outlay to hinder cost reduction too
Centre wants BSNL to step up this fiscal
Budget Impact
Investors from EFTA nations to visit India next week
A 100-STRONG GROUP of investors from members of the European Free Trade Association (EFTA) will be in India next week to explore business opportunities.
Gig workers' earnings seen rising 9-11.6%
THE UPWARD TRAJECTORY seen in earnings of workers at dark stores as also delivery partners of quick commerce players in 2023-24, is expected to continue in the current year albeit at a moderated pace.
Trump walks the talk, triggers tariff war
Canada & Mexico retaliate with counter-measures, China vows action too
India Outclass SA to Win 2nd Women's Under-19 T20 Title
A DOMINANT INDIA flaunted their embarrassment of riches to win a second successive U-19 Women's T20 World Cup title with a nine-wicket shellacking of South Africa here on Sunday, the triumph giving a peek into the game's most perfectly calibrated youth structure.
Time ripe for rate cut, says fin secy
\"WERE THE OUTSIDE situation favourable, it would have shown in export momentum, but that's not the case...we're a labour surplus economy, we could have boosted production, but that's not happening.\"
Trump Triggers Tariff Wars
Bloomberg Economics estimated that Trump's move will raise the average US tariff rate to 10.7% from near 3% currently and \"deal a significant supply shock\" to the domestic economy.
India beat England by 150 runs, bag series 4-1
IRRESISTIBLE ABHISHEK SHARMA toppled records en route a 54-ball 135, the second-fastest century and the highest score by an Indian batter in T20Is, as the hosts crushed a feeble England by 150 runs in the 5th T20I to take the series 4-1 here on Sunday.
A string of boosters for the tech sector
● A clear intent to anchor India as a global R&D hub
Additional tax may impact voluntary updated returns
● Late voluntary disclosures now come at a hefty price
Setting new benchmark for inclusive development
Amidst rising global protectionism that challenges international trade, the finance minister's eighth Budget reaffirms India's commitment to play a dominant role on the world stage through forward-looking economic policy changes, while aligning to the previous glide path on fiscal deficit.
Second SWAMIH Fund may find fewer takers as property sales remain robust
THE SECOND SPECIAL Window for Affordable and Mid-Income Housing (SWAMIH) Fund could find less takers than the first one, given the buoyancy in property sales, say lenders, developers and consultants.
Forging a stronger link
● New guidelines will help grow trust and engagement
Fingers crossed, say CEOs
SOMETHING IS BETTER THAN NOTHING: FMCG FIRMS
Great for listening to music outdoors
● They are a good combination of sound and style
Quality of capital spends has improved, says FM
FINANCE MINISTER NIRMALA Sitharaman has defended the modest increase in capital spending at ₹11.21 lakh crore in the next fiscal year compared to a revised ₹10.18 lakh crore in the current fiscal, saying the quality of spending should also be looked at.
FMCG firms.
In Mumbai, for instance, where public transport is common, the minimum auto and cab fares have been raised by ₹3 each beginning Saturday, which is expected to hurt the middle class.
Innovation time
WHILE THERE WERE no direct incentives for the industry in terms of GST reliefs or easing the content creation process, a significant boost for the sector stems from the considerable reduction in income tax slabs.
A steamer to smooth out wrinkles
It heats up quickly and works well on all kinds of fabric
Budget measures target 6.8% GDP growth in the next fiscal
The substantial tax relief and other measures meet the expectations of the people and the larger economy's need to support consumption and investment, which can lead to a 6.8% growth next year, economic affairs secretary Ajay Seth tells Prasanta Sahu in an interview. The degree of fiscal consolidation may vary through years, but would stay the course to bring down debt-GDP to around 50% by FY31, he says. Excerpts:
Key takeaways: Job creation in agri and MSME in focus
THE UNION BUDGET presented by finance minister Nirmala Sitharaman is fiscally prudent, prioritises consumption, provides for capex, and focuses on job creation—much-needed elements for Viksit Bharat.
Modi pitches I-T relief to woo Delhi voters
AS CAMPAIGNING FOR elections to the Delhi Assembly entered the last lap, Prime Minister Narendra Modi Sunday highlighted the many \"benefits\" of the Union Budget presented a day earlier, calling it \"the most middle class-friendly Budget in the history of the country\".