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The decision of the GST Council to slash tax on room rates for hotels across price-points is a sign of better things to come

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Business Standard

The forthcoming Budget needs to focus on domestic drivers like reducing personal income tax and allocating higher capex, to boost growth amid global economic uncertainties, EY's chief policy advisor D K Srivastava has said.
Srivastava, a member of the Advisory Council of the 16th Finance Commission, said since urban consumption is lagging, it is necessary to rationalize the personal income taxes structure, both in terms of rates and deductions such that additional disposable incomes could be put into the hands of lower and middle income class groups.
"At this time when global economic conditions are not very suitable for the Indian economy and for the global economy as a whole, the government has to rely very heavily on domestic demand drivers," he told PTI in an interview.
Srivastava said FY26 Budget should earmark a 20 per cent growth in capex spending over the revised estimates for current fiscal. He projected fiscal deficit at 4.8 per cent of GDP in current fiscal, and 4.4 per .

Union Budget, Budget 2024, Budget tablet, Sitharaman, Nirmala Sitharaman

The Budget 2025-26 should announce a PLI scheme for R&D to attract foreign companies and make India a global hub for innovation, said Deloitte India Partner (Direct Tax) Rohinton Sidhwa.
He said the government has been pursuing a policy wherein tax holidays are less and more focus is on Production Linked Incentive (PLI) or other schemes which promote investment and employment.
"We need to push India as the R&D lab of the world and if there can be such a policy which stimulates that, like PLI for R&D which includes foreign companies, that could be a game changer," Sidhwa told PTI in an interview.
The Budget for 2025-26 will be presented in Parliament on February 1.
Sidhwa said that one area which the government needs to look at is how to stimulate innovation and reward R&D spending and that would happen only when the country is able to attract global R&D centres into India.
"If we can develop our own R&D, we are less reliant on developed world for technology and

Deloitte

Assam Chief Minister Himanta Biswa Sarma embarked on a trip to South Korea and Japan on Sunday to invite prospective investors and entrepreneurs for the Advantage Assam Summit 2.0, a business conclave to be hosted by the state government here next month.
He will attend roadshows presenting the summit during the visits, with such events being held in a total of eight countries.
"Namaste South Korea. Look forward to having engaging discussions with industry leaders and agencies during my 3-day visit starting today to showcase Assam's potential ahead of the #AdvantageAssam2 Summit and to take forward the warm Indo-Korea ties," Sarma posted on X as he flew to Seoul.
In another post, the CM said the visit to the two Asian countries will be over a period of five days.
"I am shortly leaving for Seoul and Tokyo on a 5 day visit to present our vision of #AdvantageAssam2 to prospective investors, entrepreneurs and business leaders," he said in the post just after midnight on Sunday.
"During

Himanta Biswa Sarma, Himanta Biswa, Himanta

The combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore last week, with IT majors Infosys and Tata Consultancy Services taking the biggest hit.
Last week, the BSE benchmark lost 759.58 points or 0.98 per cent, and the Nifty declined by 228.3 points or 0.97 per cent.
From the top 10 pack, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever and ITC faced a combined erosion of Rs 1,71,680.42 crore in their market valuation while Reliance Industries, Bharti Airtel, State Bank of India and Life Insurance Corporation of India (LIC) were the gainers.
The valuation of Infosys tanked by Rs 62,948.4 crore to Rs 7,53,678.38 crore, the most among the top 10 firms. Infosys shares tanked nearly 6 per cent on Friday amid profit-taking after the announcement of the third quarter earnings.
The market capitalisation (mcap) of TCS tumbled by Rs 50,598.95 crore to Rs 14,92,714.37 crore.
Hindustan Unilever's valuation droppe

TCS, Tata Consultancy

A law banning TikTok has been enacted in the US, according to an in-app pop-up message. Unfortunately, that means you can't use TikTok for now

TikTok

Net interest income grew by 10 per cent Y-o-Y to Rs 7,196 crore, while fees and services for Q3FY25 also grew 10 per cent to 2,362 crore

Kotak Mahindra Bank

Hyundai Motor is exploring the potential to offer design, engineering and technology, while TVS Motor will explore manufacturing and marketing of the vehicles

Hyundai

Saif Ali Khan's wife and actress Kareena Kapoor Khan has informed the police that the intruder who entered their house in Mumbai got aggressive during the scuffle but did not touch jewellery kept in the open, an official said on Saturday.
The police recorded the actress's statement following the attack at the Bollywood star couple's apartment in Bandra in the early hours of Thursday, the official said.
An intruder attacked Khan (54) after entering his 12th-floor apartment in the Satguru Sharan building. The actor sustained multiple stab wounds, including on his neck, and was rushed to Lilavati Hospital, where he underwent emergency surgery.
The official said Kareena, in her statement, said the intruder got very aggressive during the scuffle with Saif, stabbing him multiple times. He, however, did not touch the jewellery kept in the open.
He said the police are yet to record Khan's statement.
After the incident, Kareena's sister, actress Karishma Kapoor, took her to her residence i

Saif Ali Khan

RG Kar rape-murder: Nationwide protests had erupted after a trainee docto was found dead in the hospital's seminar room on August 9

Doctors and students protest at RG Kar Medical College and Hospital in Kolkata on Wednesday 	(Photo: PTI)

The Net Interest Income (NII) grew nearly 3 per cent Y-o-Y to Rs 1585 crore due to lower (Joint Liability Group) JLG funding and increased slippages causing interest reversals

RBL Bank

A Delhi court has summoned CM Atishi Marlena and AAP MP Sanjay Singh after Congress leader Sandeep Dikshit filed a defamation case over allegations of BJP links

Atishi, Sanjay Singh

Buying a factory would allow China to build influence in Germany's prized auto industry, home to some of the oldest and most prestigious car brands

Volkswagen

Samsung Galaxy S25 'Slim' model is expected to measure 6.4mm at its thinnest point, which may go up to 8.3mm when taking the camera bump into account

Samsung Galaxy S24 (Image: Samsung)

Kohli, with a sharp tone, was heard telling the crowd, "Bhai, Mera Raasta Mat Roko mera" (Brothers, don't block my way).

Virat Kohli

he bank reported a 147 per cent increase in net profit for the quarter ended December 31, 2024, at Rs 282 crore as compared to Rs 114 crore a year ago

Stock Market, BSE, NSE, Nifty, Capital

Dinesh Kumar Saraogi offers expert advisory services to optimize steel projects, enhancing profitability, efficiency, and sustainability using 43 years' experience.

Dinesh Kumar Saraogi

Prime Minister Narendra Modi's "Make in India" campaign has also got lost somewhere in the labyrinths of this bureaucratic maze

chart

Let us look at the data. We find out technically that there was a regime shift in terms of movements in the value of the rupee when it crossed 80 to the dollar in August 2022

Rupee

l The CMIE data also points to a worrying 57.1 per cent year-on-year decline in the value of government projects completed and a 40 per cent decline in that of the private sector

Budget

Technology update will incorporate features similar to those offered by banks

Aditya Ghosh

Aditya Ghosh

Aditya Ghosh

Taking tourism to greater heights

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Budget should cut tax rates, focus on domestic drivers to boost growth: EY

PLI scheme in R&D needed to make India global innovation hub: Deloitte

Himanta on visit to Seoul to invite investors for Advantage Assam Summit

Mcap of 6 most valued firms erodes by Rs 1.71 trn; Infosys, TCS lag

US TikTok users lose access to app; Trump likely to give 90-day reprieve

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Kotak Mahindra Bank Q3 results: Consolidated net up 10% at Rs 4,701 crore

Hyundai ropes in TVS to rollout e-3Ws, micro four wheelers in India

Accused got aggressive, did not touch jewellery: Kareena on Saif attack

RG Kar rape-murder: Sealdah Court finds accused Sanjay Roy guilty

RBL Bank Q3 results: PAT drops 86% to Rs 32.63 cr amid surge in provisions