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Union Budget Highlights

Budget 2024 Highlights: Major Boost for Agriculture in 2024 Budget

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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, […]

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Union Budget Highlights

New Support Measures for MSMEs Announced in 2024 Budget

/ Budget News​

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,

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Union Budget Highlights

Budget 2024 Key Highlights: Custom Duties Reduced in 2024 Budget

/ Budget News​

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

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Union Budget Highlights

Budget 2024 Key Highlights: Revised Tax Rate Structure Announced in 2024 Budget

/ Budget News​

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

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Union Budget Highlights

Budget 2024 Key Highlights: New TDS and TCS Rules Announced in 2024 Budget

/ Budget News​

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

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Union Budget Highlights

Budget 2024 Key Highlights: New Capital Gains Tax Rules Announced for 2024

/ Budget News​

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

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economic survey 2024

Economic Survey 2023-24: Key Highlights (Union Budget)

/ Budget News​

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

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TCS collaborates with Rolls-Royce

TCS Partners with Rolls-Royce for Hydrogen Research

/ Indian Market

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

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