CATEGORIES

Mint Mumbai

Focus on rural boost, little for middle class

The interim budget laid out several key measures that are likely to assist rural employment and boost farmer income amid a weak demand for packaged goods reported from villages. However, companies said the budget did little to address subdued consumer demand among lower middle-income households.

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1 min  |
February 02, 2024
Why we can expect a banking rally
Mint Mumbai

Why we can expect a banking rally

If the Nifty falls, the Bank Nifty and PSU Bank indices will fall less, and if the gauge rises, they will rise more, say analysts

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2 mins  |
February 02, 2024
Mint Mumbai

Two regime dilemma: Clarity on agri income

If you’re an individual taxpayer or Hindu Undivided Family (HUF) with agricultural income, the interim budget has clarified the treatment of agricultural income while computing taxes under the new tax regime.

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1 min  |
February 02, 2024
A plan to detangle old tax disputes
Mint Mumbai

A plan to detangle old tax disputes

Disputed tax demands up to ₹25,000 till FY2009-10, and up to ₹10,000 for FY2010-11 to FY2014-15 scheduled to be withdrawn

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2 mins  |
February 02, 2024
Mint Mumbai

More firepower for defence spending

India on Thursday set aside ₹6.2 trillion for defence spending in the interim budget for FY25, an allocation that was 4.72% higher than in last year's budget estimates and marginally lower (0.37%) compared to the revised estimates for FY24.

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1 min  |
February 02, 2024
In an election year, no free lunch
Mint Mumbai

In an election year, no free lunch

A budget without sops or freebies reflects the government's confidence; Opposition terms it arrogance

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2 mins  |
February 02, 2024
Mint Mumbai

Incredible India slumps as budget puts faith in local

First, the good news. Finance minister Nirmala Sitharaman announced in the interim budget on Thursday that the government would focus on developing new tourist destinations in India, boosting domestic tourism, and promoting spiritual tourism.

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1 min  |
February 02, 2024
FM's gift: Startups get a tax breather
Mint Mumbai

FM's gift: Startups get a tax breather

Tax break extension for startups and certain businesses comes as a lifeline, but new manufacturing companies feel left out

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2 mins  |
February 02, 2024
Mint Mumbai

Climate concerns reflect in solar scheme

The government’s keenness to promote rooftop solar installations comes through in the interim budget. Addressing a press conference after the budget, union finance secretary T.V. Somanathan said: \"There is a provision of ₹10,000 crore for rooftop solar in the budget.\"

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1 min  |
February 02, 2024
Mint Mumbai

A new dream for homebuyers on a budget

The government will launch a housing scheme to help people living in rented accommodation, slums or unauthorized colonies to buy or build their own homes, Finance Minister Nirmala Sitharaman announced in the interim Union budget.

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1 min  |
February 02, 2024
Subsidy bills slashed to cut borrowing
Mint Mumbai

Subsidy bills slashed to cut borrowing

Centre's food, fertilizer and petroleum subsidy is projected to decline by more than 7% in FY25 to ₹3.81 trillion

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2 mins  |
February 02, 2024
Mint Mumbai

FAME slows down, auto PLI in fast lane

The government slashed the allocation for FAME, its umbrella scheme for a switch of electric mobility, by 44% for FY25 even as it hiked the corpus for the production-linked incentive scheme for autos by over seven times.

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1 min  |
February 02, 2024
₹11 trillion to power capex journey
Mint Mumbai

₹11 trillion to power capex journey

Increased capital expenditure is expected to fuel growth in key sectors, such as railways and roadways and shipping

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2 mins  |
February 02, 2024
'Our track record speaks for us we don't need populism'
Mint Mumbai

'Our track record speaks for us we don't need populism'

After presenting her sixth budget in Parliament, Finance Minister Nirmala Sitharaman spoke to Doordarshan and talked about how the interim budget's lack of election-fuelled populism is built on the government's 10-year track record of delivering growth.

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8 mins  |
February 02, 2024
VOTE ON CONFIDENCE
Mint Mumbai

VOTE ON CONFIDENCE

Budget steers clear of populism, reiterates govt's commitment to growth

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4 mins  |
February 02, 2024
Prospect Of Trump 2.0 Has Europe Scrambling
Mint Mumbai

Prospect Of Trump 2.0 Has Europe Scrambling

Some of America's staunchest allies in Europe are pushing their neighbours to spend more on defence

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5 mins  |
February 01, 2024
Artworks That You Simply Must Not Miss At The India Art Fair 2024
Mint Mumbai

Artworks That You Simply Must Not Miss At The India Art Fair 2024

From unique sculptures to installation art, the works on view at the 15th edition of the fair this year present a snapshot of art in the Global South

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2 mins  |
February 01, 2024
The artist as a witness to the global climate crisis
Mint Mumbai

The artist as a witness to the global climate crisis

For its new exhibition, Khoj invited artists to undertake journeys along the 28th parallel north latitude

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4 mins  |
February 01, 2024
The challenge is to get our mix of fiscal and monetary policy right
Mint Mumbai

The challenge is to get our mix of fiscal and monetary policy right

India is at an inflection point in its growth-inflation dynamics. A judicious budget deficit will give RBI more policy space

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4 mins  |
February 01, 2024
Has disinvestment lost priority or got held up?
Mint Mumbai

Has disinvestment lost priority or got held up?

The government's programme to offload equity stakes and other assets has shown paltry progress. We await clarity on why so little emphasis is placed on this deficit-bridging path

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2 mins  |
February 01, 2024
Mint Mumbai

How CAMS/KFIN help you in managing family portfolios

Self-declaration form allows family members to transact with a single phone number, email id

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3 mins  |
February 01, 2024
Trump could abandon Taiwan if he wins: China
Mint Mumbai

Trump could abandon Taiwan if he wins: China

China said a victory by Donald Trump in the presidential election later this year could lead to the US abandoning Taiwan, comments intended to sow doubt over Washington's commitment to the island.

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2 mins  |
February 01, 2024
Mint Mumbai

SFC members named, to tackle issues such as high debt to GDP

Three full-time and one part-time member will put in their report by 31 October 2025.

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1 min  |
February 01, 2024
A new solution for CO2 emissions: Bury them at sea
Mint Mumbai

A new solution for CO2 emissions: Bury them at sea

Ship operators have a radical idea for industrial that are companies searching for ways to dispose of carbon emissions: Take the captured CO out to sea and bury it deep under the ocean floor. But first, supercool the carbon emissions to temperatures so low that they become a liquid.

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4 mins  |
February 01, 2024
Elon Musk's $55.8 billion Tesla pay package struck down by judge
Mint Mumbai

Elon Musk's $55.8 billion Tesla pay package struck down by judge

A Delaware judge struck down Elon Musk's multibillion-dollar pay package at Tesla after finding the process for securing its approval \"deeply flawed,\" a major setback for the chief executive of the world's most valuable automaker.

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3 mins  |
February 01, 2024
Google's ad sales fall short of Wall Street's lofty expectations
Mint Mumbai

Google's ad sales fall short of Wall Street's lofty expectations

Stock declines despite rebound in advertising

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2 mins  |
February 01, 2024
Engg goods trade with Russia up at $1 bn: EEPC
Mint Mumbai

Engg goods trade with Russia up at $1 bn: EEPC

By March-end, Indian exporters are expected to receive their payments in rupees from Russia

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2 mins  |
February 01, 2024
CAT-III runways in Navi Mumbai
Mint Mumbai

CAT-III runways in Navi Mumbai

Greenfield airports get hi-tech to face adverse weather

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2 mins  |
February 01, 2024
Bombay HC gives split verdict in Fact Check Unit case
Mint Mumbai

Bombay HC gives split verdict in Fact Check Unit case

The bench has instructed its registry to present the pleas before chief justice Devendra Kumar Upadhyaya

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1 min  |
February 01, 2024
For Flipkart's top execs, one more year without pay hikes
Mint Mumbai

For Flipkart's top execs, one more year without pay hikes

However, many senior executives enjoy large stock options which promise riches in an IPO

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3 mins  |
February 01, 2024