Mumbai: Benchmark indices Sensex and Nifty rallied in opening trade on Saturday ahead of the Union Budget presentation. The 30-share BSE benchmark Sensex climbed 136.44 points to 77,637.01 in opening trade. The NSE Nifty went up by 20.2 points to 23,528.60. From the 30-share blue-chip pack, ITC Hotels, IndusInd Bank, Mahindra & Mahindra, Sun Pharma,…
NEW DELHI: Finance Minister Nirmala Sitharaman on Saturday will present her eighth consecutive Budget, which she will deliver from a digital tablet enclosed in a traditional ‘bahi-khata’ style pouch. Sitharaman, India’s first full-time woman Finance Minister, broke away from the colonial tradition of carrying a Budget briefcase in July 2019, opting instead for a traditional…
New Delhi: Taxpayers, particularly lower middle tax, may likely get relief in Finance Minister Nirmala Sitharaman’s Budget on Saturday as the Narendra Modi government looks to boost consumption to spur a shuttering economy, Deloitte India economist Rumki Majumdar said. She saw the finance minister giving relief to taxpayers who have opted for the new tax…
New Delhi: A cut or tweak in income tax rates/slabs to ease the burden of the middle class struggling with high prices and stagnant wage growth is widely expected in Finance Minister Nirmala Sitharaman’s record-setting eighth consecutive Budget. The Budget for the fiscal year starting April 1 is expected to contain measures to shore up…
New Delhi: India Inc on Friday hailed the Economic Survey saying it expects a stable macroeconomic environment and looks forward to rationalisation of the tax structure in the Budget to drive consumption through higher disposable income. Most industry experts agreed with the survey’s economic growth projection for India ranging from 6.3-6.8 percent for 2025-26, anticipating…
New Delhi: Finance Minister Nirmala Sitharaman will table Economic Survey 2024-25 on Friday (January 31), providing an official assessment of the performance of the economy in the ongoing financial year, and listing out the challenges being faced by the nation. The Economic Survey, tabled in Parliament ahead of the Union Budget also provides the roadmap for…
New Delhi: The US Department of Justice’s (DoJ) indictment of Indian billionaire Gautam Adani is a strategic blunder with severe geopolitical consequences, leading American publication Forbes has said. In an article titled “The US Harms The West’s Alliances With A Far-Flung Indictment In India”, the author, Melik Kaylan, argued that the indictment, which alleges bribery…
Goa: Imagine a drink that offers an exhilarating experience without the aftereffects of a hangover. Enter ‘Feni’, Goa’s 500-year-old signature spirit. Specifically, ‘Cashew Feni’, is a drink produced exclusively in Goa and nowhere else in the world. Goa’s Feni barrel finished ‘Balivada Single-malt whisky’ triumphs as the epitome of elegance: wins 2024 National Award. Honorable…
New Delhi: Adani Ports & Special Economic Zone Ltd has approached the Centre for partial de-notification of its multi-product SEZ in Mundra, Gujarat, and the proposal will be taken up by the commerce ministry on Friday. The proposal will be discussed in the meeting of the Board of Approval, the highest decision-making body for special…
Davos: Attributing the fall in the Indian rupee solely to the US dollar getting stronger, former Reserve Bank governor Raghuram Rajan has said any intervention by the RBI on this can end up harming Indian exports even as he urged policymakers to focus on creating more jobs and boosting household consumption. Asked what the second…
