Page 3 - Union Budget

Indexation benefit removed for real estate: How does it affect you?

Union Budget 2024: How Key changes in TDS rates simplify life for taxpayers

Budget has proposed to provide a standard operating procedure for TDS defaults and simplify the compounding guidelines for defaults

Rahul Gandhi misleading nation on Agnipath, security: Rajnath Singh

Defence Minister Rajanth Singh on Monday said Congress leader Rahul Gandhi was misleading the nation on the sensitive issue of national security and the Agnipath initiative and added that he was ready to make a statement in this regard in Parliament. Speaking in the Lok Sabha shortly after Gandhi's remarks on the Union budget, the defence minister said the opposition leader had tried to spread a lot of misconceptions about the budget and Union Finance Minister Nirmala Sitharaman would provide clarification when she replied to the debate. Singh said Gandhi was trying to mislead the nation about the sensitive issue of national security and the Agnipath initiative. "Our jawans protect the country's borders, it is such a sensitive issue of our national security. There are attempts to mislead the nation on the Agniveer issue, I am ready to make a statement whenever you permit," Singh said. Gandhi said the defence minister had told the House that the family of an Agniveer martyr was paid

Union Budget 2024-25, J&K Budget passed in Lok Sabha by voice vote

The Lok Sabha approved the Rs 48.21-lakh crore Budget for 2024-25 of the Union Government. The lower House also approved the budget of the Union Territory of Jammu and Kashmir with a voice vote. The Union Budget and Budget for J&K was passed by a voice vote by the Lok Sabha. The relevant appropriation bills were also passed by the House. Replying to the debate, Finance Minister Nirmala Sitharaman said the fiscal deficit of the central government is proposed to be brought down to 4.9 per cent of the GDP during 2024-25 and further to below 4.5 per cent by 2025-26.

Indians are Arjun, will break Modi's chakravyuh: Rahul Gandhi's fresh salvo

Rahul Gandhi alleged that the Centre waived off Rs 16 trillion debt of the industrialists but collected Rs 8,500 crore from the poor Indians, who are unable to maintain "even the minimum balance"

Reduction of corporate tax in Budget will promote India-US trade: Ex-CEA

Professor Krishnamurthy Subramanian said that the removal of Angel Tax would be significant for India's startup ecosystem and encourage investments from outside

How Modi govt's recently announced tax plan is squeezing the middle class

Trading in stocks and options, which has become a national craze since the pandemic, will now be taxed more strictly. That wasn't entirely unexpected

Purvodaya scheme for 5 states: Will the sun finally shine on the east?

A comparative look at the five states in the Purvodaya scheme

Rahul Gandhi slams Union Budget 2024, says BJP betrayed middle class

In his 40-minute speech in the Lok Sabha, Gandhi spoke of the atmosphere of fear in the country, which, he alleged, also pervaded the Bharatiya Janata Party (BJP)

Govt considers reintroducing 15% concessional corporate tax in FY26 Budget

The Centre has set up an internal committee to evaluate the benefits of the 15% concessional tax rate scheme for new domestic manufacturing units, introduced in FY20

Andhra Pradesh, Bihar package likely to cost Rs 20-30K crore to Centre

While Andhra Pradesh is expected to receive Rs 15,000-20,000 crore, Bihar is likely to receive Rs 5,000-10,000 crore in FY25

Realty sector loses Rs 6,480 crore in market value after Union Budget

Analysts feel removal of indexation may dampen investor sentiments, particularly in high-end segments

High PSF provision in Budget 2024 revives buzz about merger with PSS

But PM-AASHA allocation indicates otherwise

A change in course?

Three shifts in the Union Budget that may pay off

Hike in capital gains taxes won't adversely impact market sentiment: Goyal

The Commerce minister termed the criticisms against the hike in capital gains tax and securities transaction tax in derivatives trading as fear-mongering

Budget 2024: Minister Meghwal says Oppn trying to create false narrative

Union Minister Arjun Ram Meghwal on Saturday said a strong foundation has been laid in the Union Budget to achieve the goal of 'Viksit Bharat-2047' but the opposition was trying to create a "false narrative" to mislead people. He claimed the opposition parties' "Constitution in danger" propaganda fell flat during the recent Lok Sabha polls and the same thing will happen this time too. The opposition parties have accused the Union government of meting out "step-motherly" treatment to states ruled by non-NDA parties and claimed the financial packages to Bihar and Andhra Pradesh showed this was a Budget of "compulsion". Hitting back at the opposition, the Union minister of law and justice said, "A strong foundation has been laid in the Union Budget for 'Viksit Bharat-2047'." "Since the names of Bihar and Andhra Pradesh were mentioned (in the Budget), they are trying to create a false narrative. I come from Rajasthan and its name was not mentioned in the Budget. Does that mean that the

CM Stalin attacks Centre, calls Union Budget a 'revenge' against country

Tamil Nadu Chief Minister M K Stalin on Saturday launched a sharp attack against the ruling BJP at the Centre over the 2024-25 Union Budget, calling it a 'revenge' taken by the saffron party against the country and warned it will face more electoral defeats since it was committing "mistake after mistake." Explaining his decision to boycott the Niti Aayog meeting scheduled in New Delhi under the Chairmanship of Prime Minister Narendra Modi on Saturday, Stalin said he was 'compelled' to speak in the people's forum, seeking justice due to the "discriminatory attitude" towards Tamil Nadu reflected in the budget. The state's pleas for disaster relief to the tune of Rs 37,000 crore and Chennai Metro Rail's second phase were not heeded to, he said in a statement. Further, the BJP runs "the government with political motive". "The budget presented on July 23 is evidence of this. In the recently held parliamentary elections, the people of various states defeated the anti-people BJP. The Budg

SGBs set to power agri-solar, green H2, and metro rail projects

The largest share has been submitted by the ministry of new and renewable energy which would finance the PM Kusum scheme

Reduction in TDS for life insurance payouts draws mixed reactions

TDS will be reduced from current rate of 5% to 2% from October 1

Open to feedback on tax changes but... read FinMin latest remark on Budget

Union Finance Minister Nirmala Sitharaman's recent remark follows feedback from several experts and salaried individuals who feel that the Budget did not provide sufficient relief to the middle class