Budget 2024 capital gains tax changes: The Narendra Modi government is considering suggestions for tweaks in the new long term capital gains tax regime that was announced by FM Nirmala Sitharaman in Union Budget 2024.The July 23 budget reduced the LTCG tax on property from 20% to 12.5%. The indexation benefit, which allowed taxpayers to…
NEW DELHI: The Lok Sabha secretariat on Thursday allayed concerns about weather resilience of new Parliament building and said water leakage in the building’s lobby was due to slight displacement of an adhesive material which was used to fix the glass domes above. The clarification came as several videos of leakage and waterlogging in new…
Congress chief Mallikarjun Kharge on Tuesday called the seventh budget 2024-25 a “disappointing budget” and said that they have provided special allocation to Bihar and Andhra Pradesh just to appease their allies JDU and TDP so that they can save the government. After finance minister Nirmala Sitharaman presented the budget at the Parliament, the Congress…
NEW DELHI: When finance minister Nirmala Sitharaman presented the interim budget in February 2024, many were expecting it to be full of freebies with an eye on the 2024 general election. There were expectations that the government may announce tax cuts for the middle class and extra incentives for farmers and rural areas. But the…
India’s first budget since Narendra Modi was reelected as prime minister for a third term focused on creating jobs and supporting local businesses and infrastructure without blowing out the deficit.Finance minister Nirmala Sitharaman announced a $24 billion package, with employment-linked measures for businesses to help spur jobs, skilling programs for India’s youth and women, as…
NEW DELHI: The BJP launched a fresh attack on the Congress on the eve of the budget session in Parliament, claiming that the pocket-version of the Constitution frequently displayed by Rahul Gandhi and other leaders highlights the opposition party’s disrespect for the document.BJP MP Anurag Thakur asserted that if Rahul Gandhi studies this copy, he…
Congress on Saturday escalated attacks on the central government regarding alleged irregularities in the UPSC examination following the resignation of UPSC chairman Manoj Soni amidst the controversy surrounding trainee IAS Pooja Khedkar.Congress chief Mallikarjun Kharge on Saturday accused the BJP-RSS of systematically taking over India’s constitutional bodies, damaging their reputation, integrity, and autonomy.Kharge expressed concern…
NEW DELHI: Even as the Modi govt signalled continuity in governance by retaining key ministers and officials in its third term, it is also waking up to the new reality of giving due space to allies. This is reflected in two recent moves when all five Cabinet ministers from its allies were made “special invitees”…
Indian gold demand stayed subdued due to elevated prices, with buyers delaying purchases in anticipation of a potential import duty cut in the forthcoming budget. Meanwhile, demand in China also saw a decline. Prime Minister Narendra Modi’s government is expected to present India’s budget in July. “Expecting an import duty cut in the budget, some…
Budget 2024 income tax expectations: The Modi government is mulling over the possibility of reducing personal tax rates for specific groups of individuals, according to two government sources who spoke to Reuters. This move has the potential to stimulate consumption in India, which is the third-largest economy in Asia. The sources, who requested anonymity due…
