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…
NEW DELHI: Finance minister Niramala Sitharaman, replying to the opposition on the Union Budget on Tuesday, took a veiled dig at senior Congress leader P Chidambaram, saying the “Harvard and Oxford educated” leaders failed to contain the inflation as they adopted “reckless policies”.Sitharaman said the nation witnessed double-digit inflation during the UPA era as the…
NEW DELHI: Leader of opposition Rahul Gandhi on Monday said the middle class that “beat thalis and lit mobile phone torches with gusto during Covid-19 on one order of PM Modi” are set to desert BJP and support opposition because the recent Budget has “stabbed them in the back and chest” by removing indexation and…
NEW DELHI: Abhishek Banerjee, TMC leader and Diamond Harbour MP, joined the opposition INDIA bloc leaders on Wednesday to criticise the Union Budget, which he called “anti-people” aimed at “appeasing and compensating” BJP allies in the NDA.In the no-holds-barred attack on the BJP in Lok Sabha, Mamata Banerjee’s nephew said “B in budget stood for…
MUMBAI: The Budget has tightened the provisions relating to clearance certificates that are required when departing from India. From October 1, a clearance certificate giving a clean chit under the Black Money Act will be required for persons domiciled in India, who are leaving India.At present, under section 230 of the Income-tax (I-T) Act, a…
NEW DELHI: With a looming international debt crisis fueled by instable political situation and Gulf crisis at the time, India had foreign exchange reserves that could “suffice to finance imports for a mere fortnight.” Thus, came the 1991 economic reforms, popularly dubbed as the liberalisation, privatisation and globalisation of the Indian economy.“I rise to present…
