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…
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,…
NEW DELHI: Tamil Nadu chief minister announced on Tuesday that his party would boycott the NITI Aayog meeting convened by Prime Minister Narendra Modi. The chief minister said that this move is aimed at condemning the Union Budget, which he claimed “ignored” the southern state. and as a response, he said that DMK MPs will…
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…
Latest income tax slabs FY 2024-25: Finance Minister Nirmala Sitharaman has changed the income tax slabs effective FY 2024-25 under the new income tax regime as announced in Budget 2024. The standard deduction under the new income tax regime has also been hiked from the present Rs 50,000 to Rs 75,000. According to FM Nirmala…
