Will Budget 2024 bring relief for taxpayers? Will it impose super-rich tax, wealth tax or inheritance tax? Will we see private capex revival? Watch today’s Budget Show to find out

Will Budget 2024 bring relief for taxpayers? Will it impose super-rich tax, wealth tax or inheritance tax? Will we see private capex revival? Watch today's Budget Show to find out

The Budget Show with BS: Taxation, capex and consumption

IndiGo has launched daily direct flights between Chennai and Penang in Malaysia on Saturday, becoming the 37th international destination for the private airliner.
The new route caters to the growing demand for travel between the two cities, offering both business and leisure travellers a convenient and affordable option, IndiGo said in a statement on Saturday.
"We are extremely pleased to further expand our network into Malaysia with the launch of direct flights from Chennai to Penang, our third destination in Malaysia, alongside Kuala Lumpur and Langkawi. With the inclusion of these flights to Penang, IndiGo will now operate 28 weekly flights to Malaysia from 2 cities in India" IndiGo Head of Global Sales Vinay Malhotra said in a statement.
At the inaugural ceremony, Chennai Airport director C V Deepak handed over the boarding pass to the first passenger on Saturday.
"Your gateway to Malaysia's crown jewel! The inaugural flight (6E1045) of IndiGo from Chennai to Penang was marked 

The new route caters to the growing demand for travel between the two cities, offering both business and leisure travellers a convenient and affordable option

The Andhra Pradesh government and EdTech company PhysicsWallah have signed an agreement to set up a University of Innovation (UoI) at an investment of up to Rs 1,000 crore.
The UoI is set to emerge as the first institute of eminence in the state and aligns with Chief Minister N Chandrababu Naidu's aim to provide the state's youth with education in Artificial Intelligence (AI) and other emerging technologies.
We are committed to investing up to Rs 1,000 crores by GSV Ventures - US and other investors, the purpose is to create an institution that combines academic learning with industry relevance. The UoI will help learners with the skills they might need in a constantly evolving job market, in an attempt to foster entrepreneurship and innovation, said PhysicsWallah founder and chief executive Alakh Pandey in a press release on Friday.
The UoI will work towards blending academic excellence, innovation, and research, focusing on addressing key challenges in education and ...

The UoI is set to emerge as the first institute of eminence in the state and aligns with Chief Minister N Chandrababu Naidu's aim to provide the state's youth with education in AI, other technology

According to Isro, the agreement establishes a framework for cooperative activities in human space exploration and research

Transport Corporation of India on Thursday said its lab set up in collaboration with IIM, Bangalore, has received ISO certification for a digital tool that can track greenhouse gas emissions.
The TCI-IIMB Supply Chain Sustainability Lab at the Indian Institute of Management Bangalore (IIMB), founded in collaboration with TCI, has become the first organisation in India to achieve ISO 14083 certification for its groundbreaking digital platform, the Transportation Emissions Measurement Tool (TEMT), it said in a release.
"This certification underscores the platform's ability to accurately quantify and report greenhouse gas (GHG) emissions from freight transportation activities, helping organisations to measure, manage, and ultimately reduce their transportation-related emissions in line with regulatory requirements and sustainability goals," TCI said.
(TEMT) is a comprehensive online platform designed to measure emissions across all modes of transportation.
In India, the transportation

(TEMT) is a comprehensive online platform designed to measure emissions across all modes of transportation

Uttarakhand reported the highest number of forest fires this season, with incidents rising fourfold, according to government data.
Himachal Pradesh witnessed a 14-fold increase in forest fires compared to the previous season.
The India State of Forest Report (ISFR) - 2023, released on Saturday, showed that Uttarakhand recorded 5,351 forest fires in the last season (November 2022 to June 2023), ranking 13th among all states.
This season, the number surged to 21,033, making it the state with the most forest fires.
Himachal Pradesh, which recorded only 704 forest fires last season, saw the number rise sharply to 10,136 this season.
Odisha, which recorded 20,973 incidents this season against 33,461 last season, ranked second, followed by Chhattisgarh (18,950), Andhra Pradesh (18,174), Maharashtra (16,008), Madhya Pradesh (15,878) and Telangana (13,479).
Union Environment Minister Bhupender Yadav, who released the report, said forest fires were the biggest problem confronting his ...

The India State of Forest Report (ISFR) - 2023, released on Saturday, showed that Uttarakhand recorded 5,351 forest fires in the last season (November 2022 to June 2023)

The four-day-long winter session of the Himachal Pradesh Vidhan Sabha, which concluded here on Saturday, achieved a record productivity rate of 106 per cent, an official said.
Speaker Kuldeep Singh Pathania announced the indefinite adjournment of the seventh session of the 14th Vidhan Sabha, with four meetings spanning a total of 21 hours and 20 minutes.
During the discussions in the session, the ruling party contributed 9 hours and 30 minutes, while the opposition participated for 8 hours and 30 minutes.
The session also marked a historic milestone with the launch of the National e-Vidhan Application (NeVA) on December 18, making Himachal Pradesh a pioneer in digitised legislative processes, Pathania said.
The session featured the inaugural "Zero Hour," during which 26 subjects were discussed, he added.
Congress MLA from Lahaul and Spiti, Anuradha Rana, became the first legislator to raise an issue under Zero Hour.
According to Pathania, a total of 14 government bills were intro

Speaker Kuldeep Singh Pathania announced the indefinite adjournment of the seventh session of the 14th Vidhan Sabha, with four meetings spanning a total of 21 hours and 20 minutes

The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, but a decision on big-ticket rate rationalisation, including a higher tax on sin goods, may be deferred.
The GoM on GST rate rationalisation had proposed rate rejigs in 148 items in its recommendations, but sources said that consensus is needed to be built on some of the tax changes that the panel has suggested and some more time may be needed for that.
The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is also likely to deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
The GST rate is also proposed to be cut on food delivery platforms like Swiggy and Zomato, to 5 per cent (without input tax credit), from the current 18 per cent (with ITC).
However, the Fitment Committee (comprising tax

Also, the Group of Ministers (GoM) on GST compensation cess is likely to get a six month extension till June, 2025, to submit its report. The compensation cess regime comes to an end in March, 2026

Funds devolved to states under the 15th Finance Commission (2021-2024) is more than what was devolved under the 14th Finance Commission (2015-20), finance minister Nirmala Sitharaman said on Friday.
In a pre-budget meeting with states, Sitharaman remarked that because of healthy macroeconomic environment, buoyancy and efficiency in the tax collections, the devolution has increased.
"The funds devolved to the states in the last 45 months (April 2021 to December 2024) under the 15th Finance Commission is more than what was devolved in 60 months under the 14th Finance Commission (2015-20)," an official statement quoting Sitharaman said.
The Union finance minister also referred to the Scheme for Special Assistance to States for Capital Investment (SASCI), which was first announced in the Union Budget 2020-21, and acknowledged that it has received a very good response from states.
States have been requesting the Central government to enhance the outlay under the scheme as it is leading

In addition to this, the Union finance minister stated that the Centre has created an additional dispensation under SASCI for the states affected by disaster of a severe nature as assessed by the Inte

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The Budget Show with BS: Taxation, capex and consumption

Will Budget 2024 bring relief for taxpayers? Will it impose super-rich tax, wealth tax or inheritance tax? Will we see private capex revival? Watch today’s Budget Show to find out

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