NEW DELHI/MUMBAI: Finance minister Nirmala Sitharaman on Monday nudged state-run banks to step up deposit mobilisation and conduct special drives so that it can keep pace with the growth in loans.The minister’s comments at a meeting with public sector bank chiefs came amid data by SBI Research suggesting that bank deposits, traditionally favoured for their…
NEW DELHI: Union finance minister Nirmala Sitharaman on Wednesday announced amendments regarding the Long-Term Capital Gains (LTCG) tax proposal on real estate during a debate on the Finance Bill in Lok Sabha.Taxpayers will now have the choice to calculate their tax liability using either the old system or the reduced rates without indexation, and pay…
NEW DELHI: Marking the final stage of preparation process for the Interim Union Budget 2024, Union finance minister Nirmala Sitharaman performed the customary Halwa ceremony on Wednesday.As part of the ceremony, Sitharaman toured the Budget press room and assessed the preparations, sending her best wishes to the officials involved.Performed every year before the “lock-in” process…
