The Hindu - Business (3 hours ago)
In a world where expenditure by the government is directly linked to tax revenue, any shortfall on the tax side will show up on the expenditure side as well. Despite the fall of 8% in the effective tax rate, the Budget has estimated direct tax collection to go up by 14%
ReadThe Hindu - Business (4 hours ago)
Dilip Thakare, a cotton farmer, emphasised that the average age of people working on farms is about 50-60 years. Their children had already graduated, given up on farms and had moved out in search of employment. Lack of labour he says is a reason to introduce mechanised farming
ReadThe Times of India - Business (19 hours ago)
Latest income tax slabs 2025-26 post Budget 2025: Finance Minister Nirmala Sitharaman announced zero tax for individuals earning up to Rs 12 lakh in Budget 2025, with marginal relief for those slightly above. For incomes up to nearly Rs 12.75 lakh, tax liability is minimized through calculated relief, ensuring fair treatment for higher earners.
ReadThe Times of India - Business (22 hours ago)
Budget 2025 income tax: With the proposed changes, NPTR will now become far more appealing for individuals as it would mean availing beneficial tax rates and no tax declaration or providing/ maintaining tax deduction and exemption proofs.
ReadThe Times of India - Business (23 hours ago)
The Narendra Modi government plans to streamline the GST framework after making significant changes to personal income tax and customs tariffs. The initiative aims to restructure the GST slabs for better outcomes and resolve complexities that create compliance challenges, possibly through a simplified three-rate structure.
ReadThe Times of India - Business (24 hours ago)
The Reserve Bank of India (RBI) may use the cash reserve ratio (CRR) for regulatory intervention instead of liquidity management. The report by SBI suggests the CRR should be a countercyclical liquidity buffer, and a revision of RBI's liquidity strategy and policy rate framework is needed.
ReadThe Times of India - Business (A day ago)
Cryptocurrency prices fell as President Trump announced new tariffs, but Bitcoin showed some recovery. Other digital assets like Ethereum and dogecoin saw larger declines. Trump's meme coin also plummeted significantly. Despite his earlier skepticism, Trump now supports crypto, aiming to make the U.S. a leader in the industry. Bitcoin remains close...
ReadThe Times of India - Business (A day ago)
Stock market recommendations: Somil Mehta of Mirae Asset Sharekhan recommends L&T Finance and Aarti Industries as top stocks to buy today. L&T Finance should be bought between Rs 148-150 Aarti Industries should be bought between Rs 440-460.
ReadThe Times of India - Business (2 days ago)
London's FTSE 100 Index plunged by 1.2% amid concerns over new US tariffs announced by President Trump, potentially impacting global markets. Asian stocks also dropped, with Japan's Nikkei falling 2.8%. Despite no immediate UK-specific tariffs, the uncertainty has affected financial markets. Investors remain cautious about a global trade war's...
ReadThe Times of India - Business (2 days ago)
India's manufacturing sector saw its fastest growth in six months in January, driven by a sharp rise in new orders and record export growth. The PMI rose to 57.7, indicating strong sector health. Robust job creation and easing input cost pressures were also noted. Optimism among manufacturers suggests ongoing expansion and solid prospects for early...
ReadThe Times of India - Business (2 days ago)
Major cryptocurrencies, including Bitcoin and ether, experienced sharp declines on Monday amid rising tariff tensions led by US President Donald Trump's import levies on Canada, Mexico, and China. Bitcoin hit a three-week low, while ether saw its steepest drop since September. Analysts warn of further market volatility and potential economic...
ReadThe Times of India - Business (2 days ago)
Latest income tax slabs 2025-26 after Budget 2025: FM Nirmala Sitharaman announced nil income tax for individuals earning up to Rs 12 lakh in Budget 2025. However for salaried individuals, this limit extends to Rs 13.7 lakh due to standard deductions and NPS investments.
ReadThe Times of India - Business (2 days ago)
Budget 2025 income tax: Budget 2025 introduces key personal tax reforms focusing on Viksit Bharat. Amendments include a new income-tax bill, revised income tax slabs, and increased rebate thresholds under the Concessional Tax Regime, benefiting middle-class taxpayers.
ReadThe Times of India - Business (2 days ago)
The rupee hit a record low of 87.29 against the US dollar due to global trade war tensions after President Trump imposed tariffs on imports from Canada, Mexico, and China. The US dollar index surged, and the Reserve Bank of India might intervene. The Indian stock market also saw significant declines, reflecting investor concerns.
ReadThe Times of India - Business (2 days ago)
US President Donald Trump's trade war has negatively impacted Canada, Mexico, and China, devaluing their currencies to multi-year lows and strengthening the US dollar significantly. Canada and Mexico have responded with promises of retaliation, while China plans to challenge the tariffs at the World Trade Organization.
ReadThe Times of India - Business (2 days ago)
Stock market recommendations: Motilal Oswal Financial Services Ltd recommends ICICI Bank and JK Cement as top stock picks for the week starting February 3, 2025. ICICI Bank shows steady growth with robust asset quality and controlled operating expenses. JK Cement surpasses expectations with strong volume growth and effective cost-saving strategies.
ReadThe Times of India - Business (2 days ago)
Availability of ITC on construction costs has been restricted retroactively from July 1, 2017, impacting commercial real estate companies. This amendment overturns a Supreme Court judgment favoring ITC on leased buildings. Experts suggest investors' confidence may be affected and legal challenges are expected from taxpayers.
ReadThe Times of India - Business (2 days ago)
Budget 2025 proposes a block assessment mechanism for transfer pricing to reduce compliance burdens. The new approach allows predetermined Arm's Length Price to apply for two additional years, though experts highlight the need for clarity on implementation and potential issues for taxpayers.
ReadThe Times of India - Business (2 days ago)
India's tariff structure has been rationalised, reducing the average customs rate from 11.65% to 10.66%, aligning it more closely with ASEAN countries. This move aims to enhance the competitiveness of Indian industry and improve the perception of India's tariffs globally. Efforts to simplify GST rates are ongoing with a focus on consensus building.
ReadThe Times of India - Business (2 days ago)
A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC) before claiming adjustments when issuing a credit note. This change aims to prevent revenue leakage and double tax benefits. The amendment could face legal challenges as it imposes an additional burden on suppliers for the recipient's non-compliance.
ReadThe Hindu - Business (2 days ago)
While our out-of-pocket expense (OOPE) has fallen from 63% in 2014 to 39% in FY2021-22 as per the most recent available data provided in the National Health Accounts (NHA), it still remains high by global standards. According to a WHO's global health expenditure database, India remains in the category of countries with the second highest range of...
ReadThe Hindu - Business (3 days ago)
Of the total allocation, ₹1.8 lakh crore has been earmarked for capital expenditure and modernisation of armed forces, a meagre 4.65% increase from the previous Budget Estimate; allocation for the Indian Coast Guard and the Border Roads Organisation has increased
ReadThe Hindu - Business (3 days ago)
Shiv Sena UBT leader Aaditya Thackeray said, "The BJP that spoke of abolition of income tax, around the years 2012-14 before election, at least is now getting more liberal and negotiating with tax payers on slabs and rebates with a lot of conditions and hidden clauses”
ReadThe Hindu - Business (3 days ago)
Finance Minister Nirmala Sitharaman said public assets worth ₹10 lakh to be monetised for infrastructure growth; besides, the Ministry has plans of capital expenditure through PPP mode and setting up of an Urban Challenge Fund of ₹10,000 crore redevelop cities
ReadThe Hindu - Business (3 days ago)
Income up to ₹12 lakh tax-free; people earning at least ₹25 lakh will save ₹1.1 lakh; big push to increase spending and spur growth; tax rate changes, new Income Tax Bill show the government is responsive to the 'voice of the people', says Nirmala Sitharaman
ReadThe Hindu - Business (3 days ago)
The Union Budget has 10 broad focus areas, including inclusive growth path, enabling employment-led development and investing in people, economy and innovation; it has measures to boost workforce development, medical education and technological research, writes R. Nandini, Chairperson, CII, Southern Region
ReadThe Hindu - Business (3 days ago)
Coming in the backdrop of a volatile regional and global security environment, MoD's budget and its distribution among various heads, evokes several pertinent questions, including about its adequacy to meet the needs of the defence forces and its impact on indigenisation
ReadThe Hindu - Business (3 days ago)
Allocation for school education is ₹78,572 crore, which according to the Centre is the highest ever for the department. The Higher Education Department has received a total allocation of ₹50,077.95 crore. Additional infrastructure will be created in the five IITs started after 2014 to facilitate education for 6,500 more students.
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