Page 6 of Budget 2024

Government borrowings are one of the key drivers for bond yields, which have fallen since the start of this financial year.

Bond market unimpressed with govt borrowing plan

The 10-year bond ended the day flat at 6.969%, after hitting an intraday low of 6.926% and the high of…

July 24, 2024 03:15 IST

Removal of indexation benefit to hit property buyers

While developers said the move would not have any major impact, rating firms and advocates felt the move would hurt the…

July 24, 2024 03:10 IST

Simultaneously, the short-term capital gains tax rate on listed securities is increased from 15% to 20%.

Budget 2024 is a symphony of soothing tax proposals

In continuation of rationalisation of tax treatment of investments in debt mutual funds announced in last year’s Budget, a more…

July 24, 2024 03:00 IST

Mild, but push alright to boost consumer demand

Focus on job creation, MSME development, income tax cuts to increase incomes

July 24, 2024 03:00 IST

Spotlight on MSMEs & next-generation reforms

Further, states will be incentivised for implementation of their Business Reforms Action Plans and digitalisation to enhance ease of doing…

July 24, 2024 02:55 IST

One major change is introducing a uniform holding period for determining long-term capital gains (LTCG).

More steps to ensure tax certainty, lower litigation

Comprehensive review of IT Act in six months; FY25 tax revenue pegged at Rs 38.4 trillion.

July 24, 2024 02:45 IST

The government plans to develop Digital Public Infrastructure (DPI) that will integrate 60 million farmers and their land into a comprehensive digital registry.

Boost for e-commerce sector, space economy

The government’s move to lower the corporate tax rate for foreign companies to 35% could benefit companies that operate both…

July 24, 2024 02:30 IST

Currently, PLI schemes for 14 sectors, with an outlay of Rs 1.97 trillion, are operational. Adding the two new sectors will increase the allocation for the scheme launched in 2020.

PLI for toys, leather and footwear gets nod, Rs 6,000 outlay seen for scheme till FY32

The PLI for toys will have an outlay of Rs 3,489 crore, while the footwear and leather sector will receive…

July 24, 2024 02:15 IST

with fewer tax burdens, he anticipates a surge in funding for innovative startups.

Startups celebrate as govt scraps angel tax

Long-pending demand of industry; 2% equalisation levy also withdrawn.

July 24, 2024 02:00 IST

Energy storage, nuclear projects get big boost

Additionally, the government will introduce a policy to promote pumped storage projects for electricity storage and to facilitate smooth integration…

July 24, 2024 01:35 IST

A Budget that focused on job creation, but spooked the markets

A highlight is the focus on enhancing women’s participation in the workforce by investing in establishing working women hostels, creches,…

Updated: July 24, 2024 02:29 IST

The volatility in the broader market was the highest in a decade compared to the previous Budget days.

Volatile markets roil investor sentiment

The domestic institutional investors bought shares worth 1,418.82 crore, while the foreign portfolio investors sold Rs 2,975.31 crore of shares,…

July 24, 2024 01:00 IST

Commitment to investment-led growth visible in FY25 Budget

The Union Budget has walked the fine balance between productive expenditure and fiscal consolidation putting to use the additional `1.23…

July 24, 2024 00:50 IST

The Budget needed a bold new vision

I conclude with what should be our starting point – education and health. While the central government Budget is not…

Updated: July 24, 2024 02:15 IST

The move to slash TDS (tax deducted at source) on e-commerce operators to 0.1% and decriminalising delay in payment will reduce litigation, ease compliance burden, and free up working capital for sellers.

Budget aligns with nation’s aspirations to achieve ‘Viksit Bharat’

The Budget has several provisions that seek to improve infrastructure for both manufacturing and logistics to generate business.

July 24, 2024 00:30 IST

Budget 2024 sets the stage for a sustainable growth trajectory for real estate

While the Budget sidestepped the long-standing demands of the real estate sector, the focus on job creation, skilling and employment-linked…

July 23, 2024 22:16 IST

Finance Minister Nirmala Sitharaman announced that PM Awas Yojana Urban 2.0 will address the housing needs of 1 crore urban poor and middle-class families with an investment of ₹10 lakh crore.

Keki Mistry on six impact areas from the budget and why they matter.

Keki Mistry identified six key areas in the budget that align with his predictions, emphasizing growth, employment generation, rural economy,…

July 23, 2024 21:35 IST

The finance minister spoke of “a comprehensive review of the Income-tax Act, 1961.”

Review of IT Act with aim to simplify & ensure predictability, good for investors: Navneet Munot

Navneet Munot, CEO of HDFC Asset Management Company, praises the Union budget’s balanced measures and the government’s plan to review…

July 23, 2024 21:20 IST

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