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Skilling plan laudable, but needs clarity: Biz leaders
While praising the internship scheme announced in the Budget, India Inc wants clarity on how it will be implemented.
PMS firms rethink strategy after increase in STCG tax
The 33 per cent increase in short-term capital gains (STCG) tax, as announced in the Union Budget 2024-25, is likely to make it more challenging for portfolio management services (PMS) providers to compete with mutual funds (MFS) and alternative investment funds (AIFS).
Mega meeting today to plan database for jobs
Within days of the Union Budget announcing several proposals related to employment, internship and skilling, the government is initiating a process to comprehensively tap relevant information on jobs and workforce.
Royalty is not tax: SC allows states to levy minerals cess
Cites fiscal federalism to highlight power of states to tax
Budget ignored Oppn-Ruled States? Outrageous Allegations, Says FM
Chidambaram claims inflation dismissed 'in just 10 words' in Budget speech
Harris Attacks Trump Over 'Fear And Hate'
V-P says building up middle class will be a 'defining goal' for her
High credit cost, margins to weigh on Bajaj Finance
The share price of Bajaj Finance may remain muted in the near term, analysts per cent in Q4FY24.
New tax structure may hit buyback success rate
The success rate of buybacks could drop under the new tax structure as the higher taxes may deter shareholders from tendering their shares during the repurchase programmes.
Gold ETF investors anchored amid price downturn
Adjusted for fall in NAV, AUM of gold ETFs remains unaffecte
Brokerages' thumbs up to Budget but for capital gains tax curveball
As markets sift through Budget fine print, they also monitor Q1 earnings, monsoon trends, global cues
71% intraday traders pay the price chasing quick gains
Sebi study underscores the risks associated with intraday trading
Humayun's Tomb museum set to open
Nine years after the foundation stone of the Humayun Tomb World Heritage Site Museum was laid, the 100,000 sq ft facility that offers a glimpse into the life of the second Mughal emperor is set to open to the public in New Delhi.
HOW TO FISC IT
Govt changes stance on fiscal consolidation, will make debt the primary target
Flash PMI rises to 61.4 in July
Gains in new orders key driver; pace of job creation strongest in over 18 yrs
Net credit card additions down 48% to 2 mn in Q1
Card spend flat at ₹4.79 trillion but likely to pick up in coming quarters
Good science, bad communication
Public policy in democracies is Pinformed and driven by anothe combination of expert opinion, inclinations of politicians (who may not know much about the issues) and by public opinion, since that may translate into votes.
Oiling wheels of change
Discounted sales from Russia are reported to have reduced India's annual oil import bill from $157 billion to $132 billion last year.
The worrying trend in household savings
With the share of physical assets rising, the responsibility to free up resources to fund corporate capex shifts to the government
Olympics security thins out tourists, business activity
Fabrice Pierret is used to catering to hordes of tourists who pack Le Lutétia, a brasserie he manages on the Île Saint-Louis, where a splendid view of the Seine River, with a glass of red wine and steak frites, has long made it a popular stop for visitors.
Defect in content update led to IT crash: CrowdStrike
CrowdStrike, the cybersecurity company at the center of massive global IT outages, said that a bug in a safety mechanism allowed flawed data to go out to customers in a botched update, causing meltdown.
Health budget looks to strengthen state drug regulators
As India's drug regulator gets stricter with drug manufacturing units with regular audits and risk-based inspections, this year's Union Budget saw the allocation for strengthening state drug regulatory systems increase significantly from the revised budgetary estimates of 2023-24.
No significant impact of removal of indexation benefit: Realty players
The removal of indexation benefit while calculating the long-term capital gains (LTCG) tax on sale of property may not have a significant impact on demand and prices in the real estate sector in the long term, according to a Business Standard analysis of responses by 10 developers and consultants.
Laying building blocks for Viksit Bharat
\"Turning attention to full year and beyond, we particularly focus on employment, skilling, MSMEs (micro, small and medium enterprises) and the middle class,\" said Finance Minister Nirmala Sitharaman, clearly summing up the government's intent while presenting this year's Union Budget.
Rating agencies upbeat on fiscal consolidation plan
Global credit rating agencies have given thumbs up to the FY25 Budget, lauding the government's firm commitment to deficit reduction, with Moody's Ratings noting that the Budget is credit positive.
Need to think big and do big: Incremental approach won't do
Finance Minister Nirmala Sitharaman has diligently done what has been asked of her, as she has consistently done over the last six years to deliver a Budget document with reasonable fiscal discipline and limited reform ambitions.
Defence budget a long shot from 2% goalpost
A deep dive into the defence budget allocation and strategic challenges, kicking off a three-part analysis
Critical mineral strategy: Boost for EV sector but experts flag policy gaps
To position India as a key manufacturing hub for advanced technologies like electric vehicles (EVs) and energy storage systems, Finance Minister Nirmala Sitharaman on Tuesday removed the Customs duty on 25 critical minerals, including lithium, nickel, copper, and cobalt.
Banks wary of lending to stressed MSMEs
Seek measures like leeway in 90-day NPA classification
Relief for salaried individuals on TDS, TCS
A small tinkering with tax slabs and an increase of ₹25,000 in standard deduction in the Budget will most likely fall short of the expectations of salaried individuals.
Rlys on the move, aims to ferry 7.4 bn passengers in FY25
The Ministry of Railways estimates passenger volumes on Indian Railways to be around 7.4 billion in 2024-25, and expects to carry 1,650 million tonnes (mt), fetching a total operational revenue of ₹2.79 trillion, Budget documents show.