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Russia raises 2024 economic growth forecast to 3.9%

RUSSIA-ECONOMY/ (UPDATE 1, PIX):UPDATE 1-Russia raises 2024 economic growth forecast to 3.9%

Russia raises 2024 economic growth forecast to 3.9%
Published on Aug 30, 2024 06:22 PM IST
Reuters |

Kenya to bring back some scrapped tax plans, risking more unrest

KENYA-TAX/ (CORRECTED, UPDATE 1, PIX):CORRECTED-UPDATE 1-Kenya to bring back some scrapped tax plans, risking more unrest

Kenya to bring back some scrapped tax plans, risking more unrest
Published on Aug 19, 2024 05:38 PM IST
Reuters |

Wish I could bring down taxes to nil, says Nirmala Sitharaman: ‘Not troubling'

Finance minister Nirmala Sitharaman said that her job as the finance minister was generating revenue and not troubling people.

Union Finance minister Nirmala Sitharaman and RBI Governor Shaktikanta Das are seen. (ANI)
Updated on Aug 14, 2024 07:18 AM IST

Taxpayers alert! ITR processing time reduced to 10 days from 93 days

The average time taken to process income tax returns (ITR) has decreased from 93 days in 2013 to 10 days.

Finance minister said that the 'average' processing time has been reduced to 10 days.
Updated on Aug 15, 2024 12:05 PM IST

Newly proposed nomination rule for bank lockers and deposits, check details

The new Bill has proposed nominations for up to four nominees, compared to just one earlier, for bank deposits and lockers

The Banking Regulation Act currently allows just one nominee for every single or joint deposit holders (Representational Image/Pixabay)
Published on Aug 12, 2024 04:20 PM IST

Banks to focus on increasing deposits as public seeks alternate investments: FM

RBI Governor Shaktikanta Das also said that a 300 to 400 basis points gap between deposits and credit growth is seen, showing deposits as slowing.

Union Finance Minister Nirmala Sitharaman addresses the Central Board of Directors of the Reserve Bank of India in the customary post-Budget meeting, in New Delhi on Saturday. RBI Governor Shaktikanta Das also seen. (Shrikant Singh/ANI)
Published on Aug 10, 2024 07:44 PM IST
PTI |

Banks must focus on core areas, use old ways to collect deposits: FM at RBI meet

Addressing reporters after the customary post-budget meeting with central board of RBI, FM said that she would soon review the performance of banking sector.

FM Sitharaman addresses the media after post-budget meeting with Reserve Bank of India in New Delhi (X/@airnewsalerts)
Updated on Aug 10, 2024 05:03 PM IST
ByRajeev Jayaswal

FM urges MPs to exempt medical and life insurance from GST

HT learns that the GST rate rationalisation committee, which meets later in August could consider lowering this rate.

Union Finance Minister Nirmala Sitharaman (PTI)
Updated on Aug 09, 2024 01:51 AM IST
ByRajeev Jayaswal

Nirmala Sitharaman on LTCG amendment: 'We have courage to change'

Nirmala Sitharaman told Lok Sabha, “Without drastically increasing taxes, we have brought in a simplified taxation regime and eased compliance."

Union Finance minister Nirmala Sitharaman speaks in the Lok Sabha during the Monsoon session of Parliament, in New Delhi.(PTI)
Updated on Aug 08, 2024 07:33 AM IST

Israel orders seizure of $26 mn of Palestinian tax funds

It is the latest withholding of duties for the Palestinian Authority (PA), which exercises limited autonomy in parts of the Israeli-occupied West Bank.

Smoke from Israeli bombardment billows in the background as a woman walks in Khan Yunis in the southern Gaza Strip. (AFP)
Published on Aug 06, 2024 12:28 AM IST
AFP |

Congress takes ‘dissent, rumblings’ jibe at PM Modi over Gadkari's letter to FM

Nitin Gadkari said levying GST on life insurance premiums amounts to taxing the uncertainties of life.

Nitin Gadkari(PTI)
Published on Jul 31, 2024 09:19 PM IST

‘Crocodile tears’: FM Nirmala Sitharaman responds to Budget discussion | Updates

Sitharaman spoke on several budget issues raised by members of Lok Sabha since July 23, after the Union Budget 2024 was presented.

Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the Monsoon session of Parliament. (PTI)
Published on Jul 30, 2024 07:30 PM IST

Karnataka CM Siddaramaiah urges removal of Nirmala Sitharaman from Union Cabinet

Siddaramaiah emphasised that entrusting the finance portfolio to someone lacking fundamental understanding is a 'highly risky' decision.

Karnataka CM Siddaramaiah urges removal of Nirmala Sitharaman from Union Cabinet
Published on Jul 30, 2024 10:34 AM IST
PTI | | Posted by Pathi Venkata Thadhagath

Nirmala Sitharaman to reply to concerns about Union Budget in Lok Sabha today

Finance minister Nirmala Sitharaman will address Lok Sabha today and reply to queries raised about the Union Budget 2024

Finance minister Nirmala Sitharaman will address parliament today and reply to concerns raised about the Union Budget 2024(PTI)
Published on Jul 30, 2024 09:49 AM IST

Banks may soon use your digital footprint to give home loans, here's how

Banks are working on a new framework to give home loans using a person's spending patterns, mirroring the policy for MSME loans as seen in the Union Budget 2024

Banks will consider consumption or spending patterns of individuals while making their credit assessment (iStock/Hindustan Times Archive)
Published on Jul 27, 2024 12:47 PM IST

Telangana govt presents 2.91 lakh-cr budget, agriculture gets lion’s share

The total revenue has been estimated at ₹2,90,814 crore, including open market loans of over ₹57,000 crore

Telangana Deputy Chief Minister and Finance Minister Bhatti Vikramarka Mallu presents the state Budget 2024-25, in Hyderabad on Thursday. State Chief Minister Revanth Reddy also seen. (ANI)
Updated on Jul 27, 2024 06:08 AM IST
By, Hyderabad

Taxes not hiked because government wants more money, says Nirmala Sitharaman

Nirmala Sitharaman said nothing is done with the purpose that government wants more money.

Finance minister Nirmala Sitharaman attends the proceedings of the Lok Sabha during the Monsoon Session of Parliament, in New Delhi.(SansadTV)
Updated on Jul 26, 2024 03:45 PM IST

Nirmala Sitharaman on Budget 2024: ‘Want to give relief to middle class but...'

Finance minister Nirmala Sitharaman said Union Budget 2024 aims to provide relief to middle class despite limitations.

Finance minister Nirmala Sitharaman attends the proceedings of the Lok Sabha during the Monsoon Session of the Parliament, in New Delhi.(SansadTV)
Updated on Jul 25, 2024 11:07 AM IST

Job schemes not a mandate but a nudge to companies, says Nirmala Sitharaman

Nirmala Sitharaman defends Budget measures, addresses inflation concerns by highlighting initiatives for perishables and improving supply chain linkages.

Finance minister Nirmala Sitharaman holds up a folder with the Government of India's logo as she leaves her office to present the union budget in the parliament in New Delhi.
Updated on Jul 25, 2024 09:02 AM IST
By | Edited by

15k crore grant for Amaravati should hinge on functionality, not grandiosity

The new capital city should cater to the following basic needs— potable drinking water, sanitation, waste management, and access to urban transport

Amaravati, Jun 20 (ANI): Andhra Pradesh Chief Minister N Chandrababu Naidu during his visit to Andhra Pradesh Capital Region, in Amaravati on Thursday. (ANI Photo)(N Chandrababu Naidu-X)
Published on Jul 24, 2024 08:38 PM IST

‘Govt should consider GST exemption for…’: Kiran Mazumdar-Shaw over Union Budget

She said the budget builds on the government's pre-election, Interim Budget and has positive indicators on India's economic growth and development.

Kiran Mazumdar-Shaw reacted to the union budget.
Published on Jul 24, 2024 06:45 PM IST
PTI | | Posted by Yamini C S

Budget 2024: These 4 TDS changes announced by Nirmala Sitharaman will impact you

Budget 2024: Finance minister Nirmala Sitharaman announces changes in TDS framework, impacting salaried individuals.

Budget 2024: Finance minister Nirmala Sitharaman attends the ongoing Monsoon session, at the Parliament in New Delhi.(Sansad TV)
Updated on Jul 24, 2024 02:39 PM IST
By | Edited by

Budget 2024: How your SIPs will be taxed after capital gains rate changes

Union Budget raises capital gains tax on equity funds, SIPs to be impacted. Here's how

The Union Budget hiked the STCG tax on equity mutual funds to 20 per cent from the current 15 per cent.
Updated on Jul 25, 2024 09:06 AM IST

How does the Union Budget impact reforms?

Budget speech emphasizes next-gen reforms for economic policy, focusing on consensus-building with states.

Union finance minister Nirmala Sitharaman. (Arvind Yadav/HT)
Updated on Jul 24, 2024 04:37 AM IST

MSMEs get special attention in budget

The MSME sector is the largest employer after agriculture in India and has 35% share in India’s manufacturing output.

Union Finance Minister Nirmala Sitharaman. (Ajay Aggarwal/HT Photo)
Updated on Jul 24, 2024 06:15 AM IST

Budget 2024: 1,000 crore venture capital fund for space economy

The budget also has plans to expand digital infrastructure, advance nuclear technology, and secure critical minerals essential for high-tech manufacturing

The budget allocates <span class='webrupee'>₹</span>10,088 crore for space technology and <span class='webrupee'>₹</span>1,612 crore for space applications. (AP)
Updated on Jul 24, 2024 06:40 AM IST

A missed opportunity on kickstarting farm reform

Budget 2024 too has failed to present a road map for such reforms. The government may have realised that it needs to take the states on board and reach a consensus before it can do this.

A farm labourer holds rice sapling as he prepares to plant them in a field on the outskirts of Ahmedabad, India, July 22, 2024. REUTERS/Amit Dave (REUTERS)
Published on Jul 23, 2024 10:05 PM IST

The budget echoes the Developed India vision

The Union Budget for this fiscal presents a holistic approach to economic development, balancing fiscal prudence with targeted interventions for inclusive growth

New Delhi, India - July 23, 2024: Union Finance Minister Nirmala Sitharaman during Post Budget Press Conference at National Media Centre, in New Delhi, India, on Tuesday, July 23, 2024. (Photo by Ajay Aggarwal/ Hindustan Times) (Hindustan Times)
Published on Jul 23, 2024 10:03 PM IST
ByNilesh Shah

Budget 2024: Investors welcome move to scrap controversial Angel tax on startups

Union minister Ashwini Vaishnaw said the move will spur investment in startups. Congress leaders P Chidambaram and Shashi Tharoor also applaud move to scrap it.

Investments received by businesses and startups from high-net-worth individuals, beyond their fair market value, is taxed at 31%.
Published on Jul 23, 2024 08:04 PM IST

Budget unveils sops, skilling, reforms to spur jobs

The unemployment rate in the world’s fastest-growing economy declined to 3.2% in 2022-23, according to the latest official data

Union finance minister Nirmala Sitharaman at a post-Budget press conference. (PTI)
Updated on Jul 23, 2024 08:13 PM IST
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