NEW DELHI: Most of the tax proposals in the Budget are based on the precepts of good governance, which is evident in areas, such as ease of doing business, ease of compliance, technology and trust, a top official said on Monday.Finance and revenue secretary Tuhin Kanta Pandey told a gathering of business leaders that Budget…
A day after offering the largest tax relief ever in absolute terms, FM Nirmala Sitharaman explained the macroeconomic context of her Budget to TOI’s Diwakar & Surojit Gupta. In an exclusive interview, she rejected the criticism that the concessions would further shrink the tax base, while asserting that strong fundamentals would help the economy weather…
NEW DELHI: Exuding confidence about BJP‘s prospects in Delhi polls, Prime Minister Narendra Modi called the Union Budget presented a day earlier “the most pro-middle class in India’s history”, highlighted measures announced by the finance minister and wooed govt employees by pointing to the announcement of the new Pay Commission.“See you at the victory celebrations…
NEW DELHI: Union finance minister Nirmala Sitharaman on Sunday outlined India’s economic trajectory, fiscal policies, and key government initiatives after she presented the 8th consecutive union budget a day earlier.Sitharaman reaffirmed the Centre’s commitment to fiscal consolidation while ensuring economic growth, infrastructure expansion, and sectoral support. Addressing global economic challenges, she detailed strategies to navigate…
NEW DELHI: Union finance minister Nirmala Sitharaman arrived at Parliament on Saturday to present Union Budget 2025 dressed in a Madhubani art saree made by Padma awardee Dulari Devi.Dulari Devi is a 2021 Padma Shri awardee. When FM visited Madhubani for a credit outreach activity at Mithila Art Institute, she met Dulari Devi and had…
NEW DELHI: President Vladimir Putin on Monday, in a move that would make the Russian army the second largest in the world after China, ordered to increase the regular size of the army by 180,000 troops.The Russian leader issued a decree on the Kremlin’s website ordering the overall size of the armed forces to be…
NEW DELHI: The new iPhone is here, and it’s cheaper this time when it comes to higher-end Pro models, which will be manufactured in India for the first time. Coming to non-Pro devices, the entry-level iPhone 16 will cost you Rs 80,000, while the ‘Plus’ version will come for Rs 90,000.The Pro versions are priced…
Representative Image The government has reduced the drawback rates on exports of gold and silver jewellery by more than half to adjust for the significant cut in import duties on these precious metals in the Budget. A notification regarding this was issued by the Department of Revenue. On the export of gold jewellery, the drawback…
Budget 2024 indexation relief: The government has provided a significant relief to taxpayers by introducing an amendment that allows them to choose between a 12.5% long-term capital gains (LTCG) rate without indexation or a 20% rate with indexation for properties acquired before July 23, 2024. This development was included in the list of amendments to…
NEW DELHI: In a strong message to investors and opponents, PM Modi Tuesday said his govt was not lacking in political will to take decisions based on a “nation first” approach and urged “wealth creators to be the primary driving force” of development, in what was seen as a retort to Congress’s repeated allegations of…
