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Keki Mistry, Former VC & CEO, HDFC, says his experience over the years not only in India but in many other countries globally, is that when the tax rate is reduced, compliance is improved significantly and there is a greater urge to work and earn more income. So, a reduction in tax rates, whether it is a different tax rate and also the highest marginal tax rate, will go a long way in improving sentiment, including increasing productivity. At the end of the day, it will also result in higher savings and increased consumption.

Nilesh Shah, MD & CEO, Envision Capital, says the first budget of any government's five-year term is the most important. So, to that extent, this Budget is going to be important from a couple of perspectives. One is essentially the agenda and the vision for the next five years. Second, whether the Budget continue to demonstrate continuity in terms of what it has been doing in the past, in terms of the focus being more on investment-led growth with some support coming from consumption. This is the first Budget from Modi 3.0. Could it appear in a new avatar because normally the first Budget of a new government is about fixing the short term, mending the medium term, and kickstarting the long-term? What could be the playbook for this year's Budget? Nilesh Shah: It has several kinds of implications and it is going to be probably the most important document in recent times because this Budget is probably going to unveil more like the vision for the next five years in terms of what direction India and the Indian economy take. It will surely have several measures that will not just sustain but also boost growth. We are an economy growing at 7- 8% and we need to sustain that growth rate and maybe higher for the next 5, 10, 15, 20 years. This Budget is going to be keenly watched from the medium to long-term perspective and will probably unveil several growth-boosting measures.

Sachin Shah, Executive Director & Fund Manager, Emkay Investment Managers Limited. In an interview with ETMarkets, Shah said: “But as I said, the more important thing is the devil is in the details. How are you going to manage your fiscal deficit? Is it at the cost of capital expenditure?,” Edited excerpts:

Every mania and bubble share differences and similarities, but the current wave of artificial-intelligence optimism looks a lot like what we experienced with the internet euphoria in the late 1990s.

NEW DELHI : Rakesh Bharti Mittal, vice-chairman of Bharti Enterprises Ltd, called for simplifying tax regimes for companies and individuals in the Union Budget 2024-25. In an interaction with Mint, he also sought financial support for micro, small and medium enterprises (MSMEs) and the healthcare sector in the budget to be presented to 23 July. He said the industry would be looking for a meaningful road map to advance the country towards becoming a developed nation by 2047 in the budget.

Union budget or in the latter part of the current fiscal year, two people aware of the matter said. The finance minister may allocate ₹4,000-5,000 crore for three public sector insurance companies, one of the two people cited above said, requesting anonymity. "The budget could also provide only a token capital for insurance companies, with more funds released after completing further assessments for fresh requirements," the person said.

Mint explains. Food inflation shot up to 9.4% year-on-year in June—the highest in six months—from 8.7% a month earlier, led by a sharp increase in the prices of vegetables (up 29.3%), pulses (16.1%) and cereals (8.8%). For vegetables—short-duration crops and price-wise the most volatile component—a prolonged heat wave in May and June led to a supply shortfall and higher prices.

Lamine Yamal's father is extremely proud of his son's accomplishment in football's global circuit, after Spain won the Euro Cup 2024 title by beating England 2-1. Yamal has broken a few records during his Euro Cup appearances, including the finals, with some of them being of Brazilian legend Pele. Yamal became the talk of the town after Spain beat France, thanks to his opening goal in 21st minute, followed by Dani Olmo's goal, four minutes later. With this goal, he became the youngest player ever in Euro championship history to score a goal.

Each bike is assessed based on key features, including frame material, size, and brake systems, ensuring that parents and young riders can make informed decisions. Additionally, we discuss the pros and cons of each option, highlighting performance aspects and potential drawbacks. Whether your child is just starting or looking to refine their skills, this guide will help you find the perfect BMX bicycle to enhance their riding experience.

Many Americans think they're insulated from the effects of global warming. But climate change is already having negative and broad impacts on household finances, according to experts.

Mint. The plan involves launching at least one satellite in collaboration with ISRO for weather profiling in each state, and increasing by ten-fold, the number of observation stations, rain gauges, radiosonde (a meteorological device that measures atmospheric parameters and transmits it back to ground stations) and wind profilers deployed in the country.

«If I have to look at the complacency in the US particularly, particularly in technology, if I have to talk about the Nasdaq 100 instead of looking at the composite or even some narrow indices, we are seeing early signs or not even early signs; we are seeing that the complacency indicator has actually started spiking,» says Sandeep Tandon, Quant Mutual Fund. I know that your strategy, of course, is looking at sectors and stocks at those extreme inflection points. So, I am curious to understand your outlook when it comes to IT in particular. Do you believe that it has reached that inflection point? Would that be a contra call? What is the stance at the current juncture? Sandeep Tandon: Yes, it has reached a neglected territory some time back. In fact, you asked me if it was in September 2023 itself when you saw an extreme sort of neglected phase and some capitulation happened. Something happened at the beginning of the year also when the majority of analysts downgraded by the end of the first quarter of 2023-24. But I will also agree that when you look at it from the earnings visibility point of view or the traction point of view in the business, it is still on the lower side.

spiritual point of view, football is extremely meaningful, soulful and fruitful. Each sincere seeker should pray to the Supreme to make him His football. When we kick a football, the football is at our mercy. The football is the instrument. We kick right, left, forward and backward, and play with it according to our sweet will. Now, look at this football. It is far better than we are. The football does not quarrel with us; it does not fight us. At times, the football, as an instrument, can fail us; the air can leak out… All kinds of problems can come up. But the main wish of the football is to please the football player. We should consider ourselves to be footballs of the Supreme. The earthly football, the leather football is under compulsion to please its master. The football that we kick is under our control, at our mercy. It has become our instrument, and it is pleasing us, although it may not be pleasing us cheerfully. But we should be conscious footballs always trying to please the Supreme cheerfully so that the Supreme can at any moment kick us, shape us, mould us, form us in His own way.

Donald Trump is now a martyr for the 'cause', no longer an ordinary candidate against Joe Biden. His supporters believe nothing less than the hand of god came between him and the assassin's bullet. Within hours, Republicans were sharing an image of Christ with his hand on Trump's shoulder. Political benefits were instant. Elon Musk endorsed Trump, as did another billionaire. The script flipped: it was the Democrats' demonisation of the Republican candidate that led to the assassination attempt, not the general political tinderbox that American politics has become over the past decade to which Trump has generously contributed, as have fringe Left groups. For the Democrats, an already dicey election just got harder. Internal turmoil is currently their signature tune. Biden has been fighting polls and party leaders to insist he is their best bet even though voters vehemently disagree. Debates on TV channels are a sad reflection on a party seeped in doubt, despair and disarray. Biden hopes the assassination attempt will unite Dems behind him, but the opposite may happen now that Trump is stronger.

NASA's Parker Solar Probe has achieved a remarkable feat, solidifying its place as the fastest human-made object ever recorded. According to NASA, on June 29, the probe reached a remarkable speed of 635,266 km (394,736 miles) per hour, matching its own previous speed record set in 2018 since its launch.

Russian Army continues its operation in Ukraine, the soldiers march on using 'Made in Bihar' boots manufactured in Hajipur. Bihar's Hajipur city, known for its agricultural production, is writing its own story by manufacturing safety shoes for the Russian army, which has an acclaimed international presence. Hajipur-based Competence Exports, a private limited company, makes safety shoes for companies based in Russia and designer shoes catering to European markets.

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The cryptocurrency market, led by Bitcoin, has been characterized by extreme volatility and speculation.

construction technology and the implementation of the Real Estate Regulatory Authority (RERA), ensuring home buyers receive their homes on time, according to a report by a real estate consulting firm. In the top seven cities, the average completion time for smaller projects of fewer than 500 units is now four years, while larger projects with more than 500 units take about 4.9 years to complete, as per data from Anarock. The market share of large and listed developers has also increased significantly, contributing to the timely delivery of projects, the report noted.

Naveen KR, smallcase Manager, Senior Director, Windmill Capital. He also warns that over indexing in one section of the market might lead to erosion of capital. Edited excerpts: