CATEGORIES

₹10K cr war chest to help fight food inflation

Union Finance Minister Nirmala Sitharaman in her Budget speech on Tuesday said steps were being taken to supply adequate perishable goods to markets, while stating inflation continued to be low and stable, and was moving towards 4 per cent.

New shipbuilding policy soon

Shipping minister says policy will help India become one of the top five shipbuilding nations by 2047

'Shouldn't have fiscal incentive or disincentive towards savings'

Economic Affairs Secretary AJAY SETH, in a conversation with Ruchika Chitravanshi and Asit Ranjan Mishra, goes into the details of the Budget fine print. Edited excerpts:

'Profit drop at top companies led to decline in corporation tax forecast'

Revenue Secretary SANJAY MALHOTRA says the revised projection for corporation tax in 2024-25 (FY25) reflects the decline in profits of the top 170 companies during the first quarter of the current financial year. In conversation with Shrimi Choudhary, the senior bureaucrat discusses several tax-related announcements in the Union Budget. Edited excerpts:

'Govt cannot go alone in skilling, pvt sector crucial'

Finance Secretary TV SOMANATHAN in conversation with Ruchika Chitravanshi, Shrimi Choudhary, and Asit Ranjan Mishra discusses the Union Budget's emphasis on employment, skills, and state-level reforms. Edited excerpts:

'Vision-setting Budget for Viksit Bharat'

A day after presenting the Union Budget for 2024-25, Finance Minister NIRMALA SITHARAMAN spoke to Shrimi Choudhary, Ruchika Chitravanshi, Asit Ranjan Mishra & Nivedita Mookerji on issues ranging from the private sector's role in job creation to coalition needs in making Budgets, at her North Block office.

Piramal Fin eyes overseas bond mkt to diversify funding

Piramal Capital & Housing Finance Ltd.(PCHFL), currently heavily reliant on bank funding, plans to continue accessing the overseas bond market to diversify its borrowing sources.

Delhi HC quashes summons to Pawan Munjal

The Delhi High Court on Wednesday quashed summons issued to Hero Motocorp Chairman Pawan Kant Munjal in a case registered by the Directorate of Revenue Intelligence (DRI) relating to foreign currency.

HZL launches Asia's first low-carbon zinc brand

Vedanta-owned Hindustan Zinc (HZL), India's largest zinc producer, has launched EcoZen, Asia's first low-carbon green zinc brand.

India should keep its focus on EVs: BMW senior V-P

Strong hybrid or plug-in hybrid cars can be a stepping stone towards India's aim to reduce carbon emissions, but the country's focus should remain on electric vehicles (EVS) with regard to low taxes and incentives, a senior official of the BMW Group stated on Wednesday.

Consumers discerning; premium segments performing better than mass: HUL chief

India is going through a significant transformation at a fast pace, which shows in changing consumer trends, Rohit Jawa, chief executive office and managing director, Hindustan Unilever (HUL), told investors after announcing its earnings.

Axis Bank posts muted profit growth

Net profit up 4% at ₹6,035 crore

L&T net rises 12% on higher revenue, order execution

Firm's outstanding order book at ₹4.90 trillion

India Inc awaits demand uptick to go on capex spree

Chief executive officers (CEOs) across sectors have expressed intentions to expand capacities, expecting the government's target to invest a record ₹11.11 trillion on infrastructure development will act as a catalyst for a jump in consumer demand.

Job schemes not a mandate, but a nudge to firms: FM

The government's ambitious employmentlinked incentive schemes and the internship programme announced in the 2024-25 Budget are not enshrined as rights, and the private sector will only be nudged to adopt them, Union Finance Minister Nirmala Sitharaman said on Wednesday.

Firms get limited relief to push MRO services

Union Finance Minister Nirmala Sitharaman on Tuesday announced a slew of measures to give some relief to domestic companies involved in maintenance, repair and overhaul (MRO) of aircraft, boats and ships.

Sharp import duty cut to burnish gold, silver

Union Finance Minister Nirmala Sitharaman on Tuesday announced a sharp cut in import duties on gold and silver, from 15 per cent to only 6 per cent.

Budget for growth, continuity, and steadiness

Three key elements emerge from the Budget presented by Finance Minister Nirmala Sitharaman which are crucial indications for India's economic trajectory in the coming years.

Credit support for MSMEs to help them compete globally

Union Finance Minister Nirmala Sitharaman announced a package for micro, small & medium enterprises (MSMEs), covering financing, regulatory changes and technology support to help them grow and compete globally.

Fiscal consolidation: Yes. Banking reforms: Wait

This is Union Finance Minister Nirmala Sitharaman's seventh successive Budget, the highest by any finance minister, surpassing Morarji Desai's six.

An embodiment of reform, perform, and transform

THE FINE PRINT The Finance Minister presented a comprehensive Budget that laid the foundation for fiscal prudence and sustained long-term growth, embodying the government's commitment to 'Reform, Perform, and Transform' during the 'Amrit Kaal'.

Lower estimate cheers bond mkt

Rupee declines to new low due to fall in domestic equities

Future-oriented, focused on green mobility

The Union Budget for FY25 demonstrates the nation's outlook towards inclusive, tech-focused and sustainable growth, in line with the government's long-term vision of Viksit Bharat.

Capex for infra intact, ball now in states' court

Deviating from her earlier infra capital expenditure (capex)loaded Budgets, Dav finance minister Nirmala Sitharaman kept infrastructure spending for key central ministries unchanged from provisions of the interim Budget.

Govt slashes food, fertiliser, fuel subsidy bill

Budget Estimate for food subsidy pegged at ₹2.05 trillion, 3.34% lower than Revised Estimate for FY24

Some boost for agriculture, rural economy

The agriculture sector has grown at an annual growth rate of 4.2 per cent in the last five years.

Sowing seeds for agri R&D

Centre to connect 25, 0001 more evillages' in PhaseIV of rural roads scheme

Indexation a new plot twist for homebuyers

MIXED FORTUNES FOR REAL ESTATE SECTOR

Building foundation to monetise India's demographic dividend

Budget 2024 highlights the government's continued focus on building a strong foundation that empowers citizens and organisations to drive inclusive and sustainable economic growth.

Consumer goods firms likely to see an upswing after year of lull

Announcements may put more money in hands of taxpayers boosting consumer demand