PM Modi calls Budget 2024 'innovative and inclusive'
New Delhi/UNI: Prime Minister Narendra Modi on Thursday termed the Union interim budget 2024–25 as "innovative and inclusive" and said it will empower all sections of society.
Finance
Sitharaman's Interim Budget 2024: No change in tax rates, focus stays on capex
New Delhi/UNI: Presenting the interim budget for 2024-25, Union Finance Minister Nirmala Sitharaman on Thursday kept the tax rates unchanged and continued to focus on public spending to boost growth.
Budget 2024: Next five years to see unprecedented development, says Nirmala Sitharaman
New Delhi/UNI: Union Finance Minister Nirmala Sitharaman on Thursday said the next five years will be years of unprecedented development to realise the goal of India becoming a developed country by 2047.
Sitharaman proposes housing scheme for 'deserving' section of middle class
New Delhi/UNI: Finance Minister Nirmala Sitharaman on Thursday proposed to launch a scheme for 'deserving' sections of the middle class to help them buy or build their own houses.
Projecting a Modi return, FM Sitharaman presents poll-bound 'no disruption' unchanged tax rate Interim Budget, estimates fiscal deficit at 5.1% of GDP
Exuding confidence that the Modi government will return to power in 2024, Union Finance Minister Nirmala Sitharaman presented an interim "national election year" budget of "no disruption" keeping tax slabs unchanged, focusing on inclusivity, continued economic reforms and listing the achievements of the NDA in the past ten years while refraining from any new populist announcement.
Sensex opens in green ahead of Interim Budget presentation
The BSE Sensex on Thursday rallied 246 points to open at 71,998.78, ahead of the general budget.
India, Oman ink MoU on procurement of defence material, equipment
New Delhi: India and Oman on Wednesday signed a Memorandum of Understanding (MoU) on procurement of defence material and equipment which would provide a framework for a new area of defence collaboration.
Inclusion of Indian bonds in JP Morgan and Bloomberg indices proof of strong Indian economy: Expert
Mumbai: The long-awaited inclusion of India in global indices such as the JP Morgan GBI-EM Index and Bloomberg (subject to approval by index participants) in the Bloomberg EM Local Currency Debt Index is a testament to the strength of the Indian economy, making it attractive to global fixed-income investors, according to Vishal Goenka, Co-founder, IndiaBonds.com.
Sensex advances by over 200 points
Mumbai/UNI: The BSE Sensex on Thursday rallied 246 points to open at 71,998.78, ahead of the General Budget.
Union Finance Minister Nirmala Sitharaman to present interim budget today
Union Finance Minister Nirmala Sitharaman will present the interim budget on Thursday, months ahead of the Lok Sabha polls.
India’s fiscal deficit during Apr-Dec narrows to Rs 9.82 lakh cr
New Delhi: India’s fiscal deficit for the first nine months of the Financial Year 2024 stood at Rs 9.82 lakh crore, which ist 55% of the annual fiscal deficit estimate, according to government data.
January GST collection grows 4,4% to Rs 1.72 lakh cr
New Delhi: The provisional data released by the Ministry of Finance on January 31 indicates that the government's Goods and Services Tax (GST) collections surged to Rs 1.72 lakh crore in January.
Why Economic Survey was not released on January 31 this year
New Delhi: Finance Minister Nirmala Sitharaman is set to present the interim Union Budget for 2024 on Thursday, February 1. Traditionally, a key component of Parliament's Budget session is the presentation of the Economic Survey on January 31.
Taiwanese electronics manufacturer Wistron to invest Rs 1,500 cr in laptop manufacturing unit in Karnataka
Bengaluru: Taiwan-headquartered electronics firm Wistron (ICT Service Management Solutions) and the Karnataka government inked a memorandum of understanding (MoU) on Wednesday to set up a laptop manufacturing unit that may bolster job creation in the state, media reports said.
Reserve Bank of India bars Paytm Payments Bank Ltd from performing certain actions after February 29, know details
The Reserve Bank of India on Wednesday directed Paytm Payments Bank Ltd not to accept deposits or allow credit transactions, or top-ups, in customer accounts or prepaid instruments connected to those accounts after February 29.
Realme may setup Research and Development Centre in Bengaluru
Smartphone maker Realme is likely to set up its Research and Development Centre in Bengaluru.
Sensex jumps 612.21 pts
The BSE Sensex on Wednesday rallied 612.21 pts to close high at 71,752.11 on the strength of Health Care, Realty and Auto stocks amid strong global cues.
Adani Total Gas Q3FY24 Results: Net profit jumps 16% YoY to Rs 172 cr
Ahmedabad: Adani Total Gas reported a Profit After Tax (PAT) of Rs 172 crores for Q3FY24, indicating a substantial 16% increase.
Parliament: Jagdeep Dhankhar revokes suspension of 11 Opposition MPs
New Delhi/UNI: A day before the Budget session of Parliament, Rajya Sabha Chairman Jagdeep Dhankhar revoked the suspension of 11 opposition MPs on Tuesday.
Sensex improves by 87 points
Mumbai/UNI: The BSE Sensex on Wednesday improved 87 points to 71,222.62 in the opening session as buying was seen in metal, power, real estate, and technology stocks.
Budget 2024: Shyam Steel suggests areas of principal focus for growth of steel industry
Mumbai: Ahead of the unveiling of the Interim Budget 2024 by Finance Minister Nirmala Sitharaman on February 1, Shyam Steel Industries Ltd Director Lalit Beriwala made a string of suggestions to ease disruptions and propel the steel industry’s growth.
Budget 2024: Expectations of real estate sector
As the government prepares to unveil the Union Budget for the fiscal year 2024-25, the real estate sector takes center stage in expectations, hoping for impactful policy measures to boost its growth and enhance transparency. Major players in the industry are advocating for targeted interventions to rejuvenate the sector, address housing shortages, and strengthen the positive trajectory initiated by recent reforms.
Budget Expectations: Jindal Stainless advocates long-term duty exemption on ferro nickel and ferro molybdenum for raw material access
New Delhi/Gurugram: Ahead of the Budget 2024-25, Jindal Stainless, India’s largest stainless steel manufacturer has sought continuation of zero customs duty on stainless steel scrap and steel scrap besides pure nickel.
Electric Vehicles pilot launched for rural women entrepreneurs
New Delhi: The Small Industries Development Bank of India (SIDBI) and Natural Resources Defense Council (NRDC), in collaboration with the Self-Employed Women’s Association (SEWA) have launched a first-of-its-kind rural e-mobility demonstration pilot supporting women entrepreneurs.
TCS announces 15-yr extension of partnership with insurance provider Aviva
London: Tata Consultancy Services (TCS) on Tuesday announced an expansion of its collaboration with Aviva, a top insurance, wealth, and retirement provider in the UK.
Ahead of Budget, IMF raises India's GP growth forecast to 6.5%
New Delhi: The International Monetary Fund (IMF) has increased its GDP growth prediction for India in the 2024-25 fiscal year by 20 basis points to 6.5 percent.
Sensex slumps 801 points on weak global cues
The BSE Sensex on Tuesday dropped 801.67 points to settle at 71,139.90 on weak global cues.
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Sensex climbs 1240 points, Nifty tops 2170
The BSE Sensex on Monday spurted 1240.90 pts to close high at 71,941.57 following gains in Energy, Utilities and Power stocks amid strong global cues.
Rupee declines by 4 paise against USD
Mumbai/UNI: The rupee on Monday slipped four paise to 83.15 in the opening session on rising demand for US Dollar by bankers and importers, dealers at the Foreign Exchange said.