Nirmala Sitharaman News

23.07 / 16:14

markets FIVE CEO security Align Experts travelers Share buyback to be taxed as dividend. Know how it impacts investors

dividend from October 1 and is expected to increase the tax burden on investors. In her Budget 2024 speech on Tuesday, Finance Minister Nirmala Sitharaman announced about the move which the industry sees as counterproductive. «For reasons of equity, I propose to tax income received on buy back of shares in the hands of the recipient,» Sitharaman said.

23.07 / 14:58

COST Citizens Sustainability country inclusion innovations Destinations Budget aims to position India as a global leader in maritime innovation: Minister Sonowal

maritime innovation, sustainability and economic growth. Shipping reforms are expected to generate significant employment opportunities and strengthen India’s maritime capabilities

23.07 / 14:53

UPS Citi Progressive Highways country cover The good allies: Bihar gets ₹47,400 cr for infra; AP ₹15,000 cr for capital

₹58,900 crore. This is made up of ₹26,000 crore for the construction of highways and a 2-lane bridge on the river Ganga at Buxar, ₹21,400 crore for power projects, including a new 2400 MW power plant at Pirpainti in Bhagalpur district, and another ₹11,500 crore in special financial assistance for flood management, Similarly, for Andhra Pradesh, finance minister Nirmala Sitharaman announced special financial support of ₹15,000 crore for a new capital city, fulfilling commitments made in the Andhra Pradesh Reorganization Act.

23.07 / 14:51

UPS Experts country exclusive information rights Budget 2024: Govt announces measures to speed up insolvency resolution

MUMBAI : Union finance minister Nirmala Sitharaman on Tuesday stressed on the importance of strengthening the insolvency tribunals and increasing their numbers to speed up the insolvency resolution process. “Appropriate changes to the Insolvency and Bankruptcy Code (IBC), reforms and strengthening of tribunals and the appellate tribunal will be initiated to speed up insolvency resolution. Additional tribunals will be established.

23.07 / 14:37

Citi FIVE Citizens Election wellness country rights Bengaluru voted for BJP, but Budget2024 gave little in return, says Mohandas Pai

Bengaluru, despite the city and surrounding constituencies electing five BJP MPs and Finance Minister Nirmala Sitharaman representing Karnataka in the Rajya Sabha, Aarin Capital chairman TV Mohandas Pai said on Tuesday.

23.07 / 14:24

markets COST Provident security country travelers Budget 2024: How tax changes impact investors

Budget, presented by Finance Minister Nirmala Sitharaman, introduces significant changes to the taxation of capital assets and capital gains. These amendments aim to rationalize capital gains tax provisions and bring parity across different asset classes and types of investors. While the amendments are indeed welcome as they simplify the hitherto complicated capital gains tax provisions in India and largely bring listed and unlisted shares at par amongst resident and non-resident sellers.

23.07 / 14:03

markets Target Trade show country prevention Rupee closes at an all time low on LTCG and STCG tax increase

markets after Finance Minister Nirmala Sitharaman proposed to increase tax rates on long-term capital gains (LTCG) and short-term capital gains (STCG). The rupee ended at 83.687/$1, after slipping to a record intraday low of 83.71/$1 during the day, LSEG data showed. The previous all time low was ar 83.67/$1

23.07 / 13:58

markets UPS economy Sustainability wellness Features Budget to spur FMCG demand with focus on jobs, infra & agriculture

rural economy, is expected to pick up in the hinterland after Finance Minister Nirmala Sitharaman’s Budget announcements on Tuesday. Executives said rural sops, increased focus on infrastructure and job creation will lead to higher demand in the hinterland, which contributes well over a third to overall sales of fast moving consumer goods.

23.07 / 13:51

Provident Target FIVE CEO economy President Experts Budget size almost unchanged from interim, shows govt's commitment to fiscal prudence: Experts

fiscal prudence path, said experts on Tuesday. According to the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman, the total expenditure in Budget Estimates (BE) 2024-25 is estimated at Rs 48,20,512 crore of which total capital expenditure is Rs 11,11,111 crore.

23.07 / 13:30

COST UPS Align Trade blues prevention Budget a missed opportunity, say crypto startups

Finance Minister Nirmala Sitharaman made no announcements regarding crypto taxes in the Budget, which the crypto industry views as a missed opportunity to support crypto startups and investors. «We had hoped the government would reduce taxation to align it with other asset classes. Unfortunately, this has not been addressed, representing a missed opportunity to support startups and investors in the crypto space,» said Ashish Singhal, Co-founder of Lemonn and CoinSwitch.

23.07 / 13:20

UPS Digital Platform Enterprise cover Schools Budget 2024: Fintech lenders in focus as FM announces slew of measures for MSMEs

credit flow to the micro, small & medium enterprises (MSME) sector in the budget is likely to give a major thrust to digital lending startups.

23.07 / 13:19

markets security Puzzle FLEX Photos show Nikhil Kamath’s ‘Budget Day’ photo ignites online buzz over his biceps

Nikhil Kamath on recently posted a photo in reaction to the Union Budget 2024, but it was his physical appearance that quickly drew attention. The image, which shows Kamath in a grey sleeveless T-shirt with a somewhat puzzled look, was captioned simply as «Budget day.» While the photograph was meant to capture his response to the budget, many viewers focused on his biceps rather than the financial implications.

23.07 / 13:09

Citi Provident FIVE Mobile WhatsApp PMAY-U 2.0: Govt allocates Rs 4,000 crore for Credit Linked Subsidy Scheme in budget

Pradhan Mantri Awas Yojana (Urban) 2.0 and set aside Rs 4,000 crore for Credit Linked Subsidy Scheme (CLSS). In the 2024-25 Union Budget, PMAY-U has been allocated Rs 30,170 crore, an increase of 20.19 per cent from the 2023-2024 budgetary allocation.

23.07 / 13:04

UPS Provident wellness 2020 Updates orienteering Budget 2024: New income tax slabs, capital gains tax, key tax changes that impact salaried, other taxpayers

Budget 2024 presented today by the finance minister Nirmala Sitharaman, will impact the personal finance of individuals in multiple ways. Here's a round-up.

23.07 / 08:40

COST UPS Provident FIVE Manufacturing country Budget 2024: Schemes worth Rs 2 lakh crore for job creation, skilling and internship; move to benefit 41 million youth

jobs and empower youth with skilling, Finance Minister Nirmala Sitharaman announced a Rs 2 lakh crore package under the Prime Minister scheme to incentivise job creation in the country, skill two million youth, provide education loan of up to Rs 10 lakh for higher education in domestic institutions and enable internship opportunities to 10 million youth over next five years.

23.07 / 08:38

markets UPS Provident Waters concert Andhra Minister Lokesh welcomes Centre's commitment for Polavaram project, funds for Amaravati

Andhra Pradesh Minister Nara Lokesh on Tuesday welcomed the Central government's budgetary proposals providing support to Amaravati and Polavaram Irrigation project. «Thanks to the Central government which announced that it will provide full support for the completion of the projects of Amaravati, the capital of Andhra Pradesh, and Polavaram project, the lifeline of AP.

23.07 / 08:24

UPS Target Election Trade electronic Budget 2024: Capital goods stocks tank up to 8% after Sitharaman makes no change in capex

Capital goods stock plunged up to 8% on BSE in Tuesday's trade after the Union Finance Minister Nirmala Sitharaman proposed to maintain the capital expenditure target at Rs 11.11 lakh crore for this fiscal year as announced in the interim budget in February. While announcing the interim Budget ahead of the Lok Sabha elections, India had proposed boosting the capital expenditure target by 11.1% to record Rs 11.11 lakh crore for fiscal year 2025, banking on its huge multiplier impact on economic growth and employment creation.

23.07 / 08:23

markets COST Target economy Election Modi pledges $24 billion for jobs, financial aid for allies in Budget 2024

Narendra Modi pledged 2 trillion rupees ($23.9 billion) to boost jobs and improve education in India, increased spending to his new allies, while also targeting a smaller fiscal deficit for this year. The government will focus on employment, skilling, small businesses and the middle class in the fiscal year through March 2025, Finance Minister Nirmala Sitharaman said in her budget speech Tuesday. She announced a number of employment-linked incentives for businesses to help spur jobs.

23.07 / 07:27

markets COST Man Mobile WhatsApp travelers Budget 2024: Mobile phones, accessories to become cheaper as Sitharaman announces 15% duty cut

Union Budget: Finance Minister Nirmala Sitharaman on Tuesday, while presenting the full budget for FY25, announced a 15 per cent duty cut on mobile phones and accessories.

23.07 / 07:23

markets MET WhatsApp fun Budget 2024: Internet reacts with memes after FM Sitharaman’s big allocations for Bihar and Andhra Pradesh

2024 Budget: The internet has erupted with a flood of memes following Finance Minister Nirmala Sitharaman’s budget announcement, which saw significant financial allocations for Bihar and Andhra Pradesh.

23.07 / 07:19

markets COST UPS Colleges Sporting Bihar shines in light of Budget boosters, bags big goody bag from Nirmala Sitharaman

Budget 2024: Bihar bagged Budget goodies more than most others when it shone in the light of the booster doses Finance minister Nirmala Sitharaman announced for the state on July 23.

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