NEW DELHI: Union Budget 2024 on Tuesday opened floodgates of goodies for “ally” states Andhra Pradesh and Bihar – reflecting the political compulsion of Modi 3.0 government which is dependent on the support of Chandrababu Naidu and Nitish Kumar for its survival. Prime Minister Narendra Modi may not have accepted the demand for “special category…
NEW DELHI: After Finance Nirmala Sitharaman presented the Modi 3.0 budget on Tuesday, co founder of BharatPe Ashneer Grover weighed in on the Union Budget and labelled it as “boring, lifeless and meaningless”. The former panelist of Shark Tank India claiming that “another Ambani wedding function would be of more value,” insinuated that the Budget…
Finance Minister Nirmala Sitharaman’s Budget 2024 has introduced a significant increase in the standard deduction limit, providing greater tax relief for salaried individuals and pensioners. Here’s a detailed look at the changes and their implications. Union Budget 2024: New standard deduction limits In a move aimed at boosting tax savings, the Finance Minister announced that…
NEW DELHI: Farmer leaders in Punjab on Tuesday expressed their disappointment with the Union Budget presented by Finance Minister Nirmala Sitharaman, claiming it “ignored” the farming sector and failed to address the issue of providing a legal guarantee for minimum support price (MSP). The budget allocates Rs 1.52 lakh crore for the agriculture and allied…
NEW DELHI: There was no big bang for the armed forces, with the defence outlay registering just a meagre 4.8% hike over the previous fiscal’s budgetary estimates and actually going into the negative if revised estimates are taken into account.The overall defence budget was pegged at Rs 6.2 lakh crore ($74 billion), virtually the same…
Budget 2024 income tax changes explained: Salaried taxpayers have reason to cheer! Finance Minister Nirmala Sitharaman announced major changes in the new income tax regime during her Union Budget 2024 speech. These changes will give many salaried taxpayers a benefit of Rs 17,500 – provided that they are opting for the new income tax regime!“Coming…
NEW DELHI: The transition period has begun for Team India in the shortest format of the game.Led by Suryakumar Yadav, the Indian T20I cricket team reached Pallekele via Colombo from Mumbai on Monday.The Indian cricketers headed for their first practice session of the Sri Lanka series on Tuesday under the watchful eyes of Gautam Gambhir…
India’s first budget since Narendra Modi was reelected as prime minister for a third term focused on creating jobs and supporting local businesses and infrastructure without blowing out the deficit.Finance minister Nirmala Sitharaman announced a $24 billion package, with employment-linked measures for businesses to help spur jobs, skilling programs for India’s youth and women, as…
NEW DELHI: The Union Budget 2024 has introduced changes to the taxation of long-term capital gains (LTCG) arising from the sale of property. The indexation benefit, which allowed property owners to adjust their purchase price for inflation, has been removed. Instead, a new LTCG tax rate of 12.5% will be applied to the capital gains…
An unnamed member of the Australian water polo team has been quarantined at the ongoing Paris Olympics following a positive COVID test result, as confirmed by Anna Meares, the head of the nation’s Olympic contingent, on Tuesday.Meares refrained from disclosing the identity of the athlete but mentioned that individuals who had been in close contact…
