Dressed in an off-white Mangalagiri sari with a purple-golden border, finance minister Nirmala Sitharaman on Tuesday presented her seventh consecutive Union Budget, reading from a tablet PC that was wrapped in the red-coloured ‘bahi-khata’ style pouch she has used for all her Budget speeches in place of the leather briefcase — called ‘budget’ from the…
The modest Rs 1,309 crore outlay in the 2024-25 Budget for Census and National Population Register (NPR) preparation, as against the Rs 12,700 crore expenditure sanctioned by the cabinet in 2019, leaves a slim chance for resumption of the exercise that has been stalled since the pandemic in 2020.The dip in outlay for Census and…
The best clue to the politics of this Budget? The acronym emblazoned on the backdrop of Nirmala Sitharaman‘s post-Budget presser. First letters of ten different ‘priorities’ made up that acronym – EMPLOYMENT.Fresh from an where BJP lost its single party majority in part because many voters were unhappy with the lack of decent paying jobs,…
Biohacking, a burgeoning field aiming to enhance human longevity and vitality, is now garnering attention for its potential to rejuvenate aging political leaders, including US President Joe Biden. Amidst global concerns over the aging population of world leaders, biohackers are exploring innovative methods to reverse or slow down the aging process, a Semafor report said.Entrepreneur…
Dalal Street investors, who were caught unawares by the proposal to hike capital gains tax for all stock investments and securities transaction tax (STT) on derivatives trades, sent indices tumbling in early afternoon trade before recovering to end almost flat.This increase was contrary to expectations in the days leading up to the Budget that time…
Inflation is no longer your best friend if you plan to sell a property. For years, Indians had the option of reducing tax on profit made from selling a house by making use of what is called ‘indexation benefit‘. It allowed the difference between purchase and sale price of a house (profit) to be reduced…
Investors have largely been left disappointed by the multitude of amendments proposed in the Budget relating to capital gain provisions. To begin with, the tax rate itself for short-term capital gains for listed equity shares and equity oriented mutual funds (scrips held for less than 12 months are short-term assets) has been increased to 20%…
BENGALURU: The Karnataka high court has stayed an investigation against two senior Enforcement Directorate officers probing the multi-crore fund diversion case pertaining to Maharshi Valmiki Scheduled Tribes Development Corporation. Justice M Nagaprasanna passed this order after hearing a petition filed by ED deputy director (Bengaluru) Manoj Mittal and ED assistant director (Bengaluru) Murali Kannan.The petitioners…
BENGALURU: The Karnataka high court has stayed an investigation against two senior Enforcement Directorate officers probing the multi-crore fund diversion case pertaining to Maharshi Valmiki Scheduled Tribes Development Corporation. Justice M Nagaprasanna passed this order after hearing a petition filed by ED deputy director (Bengaluru) Manoj Mittal and ED assistant director (Bengaluru) Murali Kannan.The petitioners…
NEW DELHI: Dubbing the budget as “discriminatory and dangerous“, Congress announced that its chief ministers would not participate in the meeting of the NITI Aayog on July 27.Congress general secretary KC Venugopal said, “The budget was extremely discriminatory and dangerous, which completely goes against the principles of federalism and fairness that the Union govt must…
