Finance Minister Nirmala Sitharaman presented the budget estimates for the fiscal year 2024-25, detailing the government’s financial plans and projections. The total receipts for FY25 are estimated at ₹32.07 lakh crore, while total expenditure is projected to be ₹48.21 lakh crore. Net tax receipts are expected to reach ₹25.83 lakh crore. Gross market borrowings are […]
Budget Estimates for 2024-25 Announced Read More »
Finance Minister Nirmala Sitharaman announced substantial provisions for the agriculture and allied sectors in the 2024 budget, focusing on infrastructure, research, and farmer support. A provision of ₹1.52 lakh crore has been allocated for the agriculture and allied sectors. To enhance agricultural research, 10,000 bio-research centers will be established nationwide. Over the next two years,
Budget 2024 Highlights: Major Boost for Agriculture in 2024 Budget Read More »
Finance Minister Nirmala Sitharaman unveiled several measures aimed at supporting Micro, Small, and Medium Enterprises (MSMEs) in the 2024 budget. These initiatives are designed to provide financial relief and enhance market access for small businesses and traditional artisans. A new mechanism will facilitate the continuation of bank credit to MSMEs during periods of financial stress,
New Support Measures for MSMEs Announced in 2024 Budget Read More »
Finance Minister Nirmala Sitharaman announced significant cuts in customs duties in the 2024 budget, aimed at boosting manufacturing and reducing costs for key industries. The customs duties on gold and silver have been reduced to 6%, while the duty on platinum has been cut to 6.4%. In a move to support the tech and renewable
Budget 2024 Key Highlights: Custom Duties Reduced in 2024 Budget Read More »
Finance Minister Nirmala Sitharaman announced a revision to the tax rate structure under the new income tax regime in the 2024 budget. The changes are expected to result in significant savings for taxpayers, with an estimated ₹17,500 reduction in income tax for eligible individuals. The new tax slabs are as follows: “This revised tax structure
Budget 2024 Key Highlights: Revised Tax Rate Structure Announced in 2024 Budget Read More »
Finance Minister Nirmala Sitharaman unveiled key changes to the Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) regulations in the 2024 budget. These changes aim to streamline tax compliance and broaden the tax base. Payments made by firms to their partners will now be subject to TDS at 10% for aggregate amounts
Budget 2024 Key Highlights: New TDS and TCS Rules Announced in 2024 Budget Read More »
Finance Minister Nirmala Sitharaman announced significant changes to the taxation of capital gains in the 2024 budget. The aim is to rationalize and simplify the tax structure, impacting both short-term and long-term capital gains. The tax on short-term gains from specified financial assets has been raised to 20% from 15%, while the tax rates for
Budget 2024 Key Highlights: New Capital Gains Tax Rules Announced for 2024 Read More »
The Budget Session of Parliament commenced today with Union Finance Minister Nirmala Sitharaman tabling the Economic Survey of India 2023-24. The voluminous report, including a statistical appendix, was placed in both Houses of Parliament. The Union Budget for 2024-25 will be presented in the Lok Sabha on July 23. This would be the first Budget
Economic Survey 2023-24: Key Highlights (Union Budget) Read More »
Tata Consultancy Services (TCS) has expanded its collaboration with Rolls-Royce, the British aerospace and defence giant, to advance research in hydrogen fuel technology for aviation. The partnership aims to explore hydrogen as a zero-carbon fuel alternative, addressing key challenges in fuel combustion, delivery, and system integration. TCS will contribute engineering expertise to support Rolls-Royce in
TCS Partners with Rolls-Royce for Hydrogen Research Read More »
For the quarter ended April-June of fiscal year 2025, Kotak Mahindra Bank reported an 81% rise in net profit to Rs 6,250 crore, from Rs 3,452 crore in the same quarter last year. This was helped by a Rs 3,012 crore gain on account of the sale of its stake in Kotak General Insurance to
Kotak Mahindra Q1 Profit Soars 81% to Rs 6,250 Crore on Insurance Stake Sale Read More »
