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India reaches 90 GW of installed solar capacity, moving towards 500 GW goal: Pralhad Joshi India has reached an impressive 90 GW of installed solar capacity and is moving steadily forward towards its broader goal of 500 GW of renewable energy capacity by 2030, Union Minister of New and Renewable Energy, Pralhad Joshi, said on Monday.  Addressing the 7th General Assembly of the International Solar Alliance (ISA) here, the minister said India is also setting its sights on new horizons, with a target to produce 5 million metric tonnes of green hydrogen by 2030, supported by 12...
India reaches 90 GW of installed solar capacity, moving towards 500 GW goal: Pralhad Joshi
India reaches 90 GW of installed solar capacity, moving towards 500 GW goal: Pralhad Joshi
Source: IANS
2024-11-05 09:12:16 am
Loan limit under PM Mudra Yojana raised to Rs 20 lakh from Rs 10 lakh The limit of Mudra loans under the Pradhan Mantri Mudra Yojana (PMMY) has been enhanced from the current Rs 10 lakh to Rs 20 lakh in keeping with the announcement by Finance Minister Nirmala Sitharaman in the Union Budget 2024-25, a statement said on Friday.   A new ‘Tarun Plus’ category has been created under the Mudra Scheme to offer loans above Rs 10 lakh and up to Rs 20 lakh and would be available to the entrepreneurs who have availed and successfully repaid previous l...
Loan limit under PM Mudra Yojana raised to Rs 20 lakh from Rs 10 lakh
Loan limit under PM Mudra Yojana raised to Rs 20 lakh from Rs 10 lakh
Source: IANS
2024-10-25 02:41:04 pm
Combined capital spending of state governments likely to expand by 13% in FY25: ICRA Credit rating agency ICRA has projected the combined capital spending of a sample of 13 major state governments to expand by 13% to Rs 6.5 trillion in FY25. However, this entails a miss, relative to the FY25 Budget Estimate (BE) of Rs 7.2 trillion, following a dull start to the capex in the initial months of this fiscal as well as the anticipated undershooting in states’ revenues.  The rating agency foresees a modest slippage in the combined revenue and fiscal deficits of the 13...
Combined capital spending of state governments likely to expand by 13% in FY25: ICRA
Combined capital spending of state governments likely to expand by 13% in FY25: ICRA
Source: Accord Fintech
2024-10-17 02:50:29 pm
Employable percentage of final-year, pre-final year students reach 51.3 pc in 10 years: Centre As India continues its journey towards becoming the skill capital of the world, the employable percentage of final-year and pre-final year students increased from 33.9 per cent in 2014 to 51.3 per cent in 2024, the government said on Friday.  With one of the youngest populations in the world, India can realise its demographic dividend through a workforce that is trained in ‘employable’ skills and is industry-ready, according to the Ministry of Skill Development and Entrepr...
Employable percentage of final-year, pre-final year students reach 51.3 pc in 10 years: Centre
Employable percentage of final-year, pre-final year students reach 51.3 pc in 10 years: Centre
Source: IANS
2024-10-12 10:37:07 am
India`s tourism sector poised to create 39.5 million jobs by year end India’s tourism sector is poised to create approximately 39.5 million jobs by the end of year which is likely to rise to 42.3 million employment opportunities by 2025, a report showed on Thursday.  Direct employment will account for 31 per cent of these roles, including positions like tour guides, hotel staff, and tour operators, according to NLB Services, a technology and digital talent solutions provider. “Meanwhile, indirect employment will make up 69 per cent with j...
India`s tourism sector poised to create 39.5 million jobs by year end
India`s tourism sector poised to create 39.5 million jobs by year end
Source: IANS
2024-09-26 06:22:55 pm
India rising on defence industrial landscape of the world As India’s defence production surged to Rs 1.27 lakh crore in FY23-24, the exports have also soared from Rs 1,000 crore to Rs 21,000 crore, spanning across over 90 nations, further giving a push to the country's 'Make in India' programme towards achieving ‘Atmanirbharta’ in the defence sector.  According to Defence Minister Rajnath Singh, the government under Prime Minister Narendra Modi’s astute leadership introduced ‘Make in India’ pro...
India rising on defence industrial landscape of the world
India rising on defence industrial landscape of the world
Source: IANS
2024-09-26 04:53:02 pm
Modi 3.0: Infrastructure projects worth Rs 3 lakh crore approved in first 100 days  In a mega push, the Prime Minister Narendra Modi-led government has approved infrastructure projects worth Rs 3 lakh crore in the first 100 days of its third term.  Overall, the government plans Rs 15 lakh crore in infrastructure investments to boost connectivity, facilitating economic growth and job creation. PM Modi has set out a broad plan for the country to become a developed nation by 2047. Late last month, PM Modi laid the foundation stone of the mega Vadhvan Port proje...
Modi 3.0: Infrastructure projects worth Rs 3 lakh crore approved in first 100 days
Modi 3.0: Infrastructure projects worth Rs 3 lakh crore approved in first 100 days
Source: IANS
2024-09-15 09:17:18 am
Indian EV Market projected to grow at over 40 pc CAGR till 2027 The Indian Electric Vehicle (EV) market is expected to grow in the range of 35-40 per cent CAGR till the year 2027, according to a report on Wednesday.  The report by Niveshaay, which manages the Green Energy smallcase (a portfolio of stocks, which will benefit from the renewable energy sector development), showed that EV sales volume in India could touch around 3-4 million units by 2025, and 10 million by 2030. Currently, the Indian EV market is concentrated on the two and three-w...
Indian EV Market projected to grow at over 40 pc CAGR till 2027
Indian EV Market projected to grow at over 40 pc CAGR till 2027
Source: IANS
2024-09-11 05:40:24 pm
Revenues of organised gold jewellery retailers to increase 22-25% this fiscal: Crisil Crisil Ratings in its latest report has said that revenues of organised gold jewellery retailers will increase 22-25% on-year this fiscal - a good 500-600 basis points (bps) more than the 17-19% expected earlier - following the sharp reduction in import duty announced in the full Union Budget. The incremental growth will be driven by higher volumes even as retail gold prices come down from their lifetime highs. The sudden price decline could lead to some inventory loss on existing stock, thou...
Revenues of organised gold jewellery retailers to increase 22-25% this fiscal: Crisil
Revenues of organised gold jewellery retailers to increase 22-25% this fiscal: Crisil
Source: Accord Fintech
2024-09-10 04:41:08 pm
Gold jewellery retailers` sales to surge 22-25 pc in India after sharp duty cut After the sharp reduction in import duty announced in the Union Budget, the revenues of organised gold jewellery retailers will increase 22-25 per cent this fiscal (year-on-year) — a solid 500-600 basis points (bps) more than the 17-19 per cent expected earlier, a report showed on Monday.  The incremental growth will be driven by higher volumes even as retail gold prices come down from their lifetime highs, according to Crisil Ratings. The sudden price decline could lead to s...
Gold jewellery retailers` sales to surge 22-25 pc in India after sharp duty cut
Gold jewellery retailers` sales to surge 22-25 pc in India after sharp duty cut
Source: IANS
2024-09-09 12:40:54 pm
Car manufacturers agree to offer discounts to buyers who scrap old vehicles: Nitin Gadkari Union Minister of Road Transport and Highways, Nitin Gadkari, announced on Tuesday that passenger and commercial vehicle manufacturers have agreed to offer discounts for the purchase of new vehicles against the scrapping of older ones of buyers with a valid Certificate of Deposit.   The decision was taken at a meeting with the Society of Indian Automobile Manufacturers Association (SIAM) CEOs chaired by the minister in which key issues confronting the auto sector were taken up for dis...
Car manufacturers agree to offer discounts to buyers who scrap old vehicles: Nitin Gadkari
Car manufacturers agree to offer discounts to buyers who scrap old vehicles: Nitin Gadkari
Source: IANS
2024-08-27 05:23:11 pm
Indian startups raise over $265 million funding in 16 deals this week The funding momentum for the startup ecosystem in the country continued with more than $265 million being raised via 16 deals this week.  The biggest fund-raise came with omnichannel jewellery startup Bluestone securing $107.2 million in its pre-IPO round. In the fintech space, Aye Finance raised $25 million loan from Goldman Sachs (India) and lending startup Axio secured $20 million from Amazon Smbhav Venture Fund to drive growth. The ecommerce sector was the top gainer this week,...
Indian startups raise over $265 million funding in 16 deals this week
Indian startups raise over $265 million funding in 16 deals this week
Source: IANS
2024-08-24 04:11:10 pm
MSME important in realising vision of 2047: FM Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman has said that micro, small and medium industries (MSME) will play an important role in realising the vision to transform India into a developed nation by 2047. Therefore, she said, they have been given special priority in the Union Budget. The finance minister was addressing the discussion programme with MSME marble cluster units in Udaipur. She also informed that dialogue programmes are planned to be conducted with 250 MSME clusters across the cou...
MSME important in realising vision of 2047: FM Nirmala Sitharaman
MSME important in realising vision of 2047: FM Nirmala Sitharaman
Source: Accord Fintech
2024-08-23 10:24:23 am
Committed to advancing India`s EV ecosystem, fostering local manufacturing: Minister The government is committed to advancing India's electric vehicle (EV) ecosystem, fostering local manufacturing and promoting sustainable growth, Union Minister for Heavy Industries and Steel, H.D. Kumaraswamy, has said.  During a post-budget webinar in the national capital, Kumaraswamy said that Prime Minister Narendra Modi’s vision for 'Viksit Bharat 2047' and achieving net zero by 2070 guides our mission at the Ministry. “We are committed to advancing Ind...
Committed to advancing India`s EV ecosystem, fostering local manufacturing: Minister
Committed to advancing India`s EV ecosystem, fostering local manufacturing: Minister
Source: IANS
2024-08-23 10:11:41 am
India will become the skill capital of the world, says PM Narendra Modi  Highlighting the growing significance of skills and skill development, Prime Minister Narendra Modi on Thursday said the country will become the skill capital of the world.   Referring to the recently announced Union Budget 2024, the Prime Minister, in his 11th consecutive Independence Day speech from Red Fort, highlighted the landmark initiatives announced by the government to train India's youth to build the country as the skill capital of the world. He called for ...
India will become the skill capital of the world, says PM Narendra Modi
India will become the skill capital of the world, says PM Narendra Modi
Source: IANS
2024-08-15 12:45:44 pm
India’s aircraft MRO industry to double from $2 bn to $4 bn in next 7 years: Minister The recent order by domestic airlines for over 1,100 aircraft is expected to double the size of India's MRO aviation business from $2 billion to $4 billion over the next seven years, Union Minister for Civil Aviation Rammohan Naidu informed Lok Sabha.  The minister said that the government was not only focussing on the needs of Indian airlines but also aiming to attract international carriers to use the country’s MRO (maintenance repair and overhaul services), including in s...
India’s aircraft MRO industry to double from $2 bn to $4 bn in next 7 years: Minister
India’s aircraft MRO industry to double from $2 bn to $4 bn in next 7 years: Minister
Source: IANS
2024-08-10 08:53:46 am
Explained: How new LTCG tax options will boost real estate market The government's decision to allow taxpayers to pick between two long-term property transactions has brought cheers to the real estate industry, with experts saying that this move will have a very profound impact on both homeowners and aspiring homebuyers.  The debate kicked off after the Union Budget which proposed to levy a 12.5 per cent long-term capital gains (LTCG) tax rate without indexation for properties purchased before July 23, 2024.  The move triggered a massive...
Explained: How new LTCG tax options will boost real estate market
Explained: How new LTCG tax options will boost real estate market
Source: IANS
2024-08-07 06:15:18 pm
Commerce Secretary lists 5 key areas to boost India's share in organic export market As India's organic food exports reached approximately $495 million in FY24, the stakeholders need to work on five key areas to further boost the country's share in the organic export market, according to Commerce Secretary Sunil Barthwal.  These five important areas are: Certification and testing, labelling, packaging, branding and logistics. In his keynote address at the three-day 'BIOFACH INDIA 2024' event, organised along with ‘NATURAL EXPO INDIA’ and...
Commerce Secretary lists 5 key areas to boost India's share in organic export market
Commerce Secretary lists 5 key areas to boost India's share in organic export market
Source: IANS
2024-08-04 04:08:20 pm
FPIs pump in Rs 54,727 crore as staller India's growth outlook for FY25 The foreign portfolio investors (FPIs) pumped in Rs 54,727 core in equity and debt in July as India's strong growth outlook for FY 2025. An economic survey that was presented before the Union Budget this year projected India's growth rate to be at 6.5 to 7 per cent for 2024-25. Market experts, citing the data from National Securities Depository Limited (NSDL), said that FPIs have invested Rs 32,364 crore in equity and Rs 22,363 crore in debt in July. For the full year-to-date...
FPIs pump in Rs 54,727 crore as staller India's growth outlook for FY25
FPIs pump in Rs 54,727 crore as staller India's growth outlook for FY25
Source: IANS
2024-08-03 04:17:09 pm
Titan records 1 per cent dip in Q1 net profit at Rs 770 crore Jeweller and watchmaker Titan Ltd on Friday said its standalone net profit declined by 1 per cent to Rs 770 crore in the April-June quarter from Rs 777 crore in the same quarter last year as higher gold prices dampened demand.  The Tata Group company's revenue from operations in the first quarter of the current fiscal rose nine per cent to Rs 11,263 crore, compared to Rs 10,306 crore in the same period last year. Titan managing director CK Venkataraman said: "In the recent...
Titan records 1 per cent dip in Q1 net profit at Rs 770 crore
Titan records 1 per cent dip in Q1 net profit at Rs 770 crore
Source: IANS
2024-08-03 09:00:53 am
India Ratings sees Budget pushing GDP growth up to 7.5 pc India Ratings & Research (Ind-Ra) has raised India's GDP growth forecast for 2024-25 to 7.5 per cent from 7.1 per cent projected earlier as it expects the Union Budget to give a further fillip to the economy.   The report states that ongoing growth momentum led by government capex, healthier balance sheets of banks, and incipient private corporate capex cycle has now found support from the Union Budget. The budget aims to bolster spending in the agricultural and rural secto...
India Ratings sees Budget pushing GDP growth up to 7.5 pc
India Ratings sees Budget pushing GDP growth up to 7.5 pc
Source: IANS
2024-08-01 01:49:15 pm
Budget a fine balance, takes care of all segments: FM Nirmala Sitharaman Finance Minister Nirmala Sitharaman has said the Union Budget strikes a fine balance between growth, employment, and fiscal consolidation, and promotes cooperative federalism. The minister said the government is on track to achieve the pre-announced fiscal deficit target of 4.5 per cent by 2025-26. The minister, who presented her seventh Union Budget, also said the economic document proposes unflinching support for cooperative federalism. She stated ‘I would like to underline that ou...
Budget a fine balance, takes care of all segments: FM Nirmala Sitharaman
Budget a fine balance, takes care of all segments: FM Nirmala Sitharaman
Source: Accord Fintech
2024-08-01 10:16:06 am
Six crore ITRs filed in 2023-24, 70 pc under new tax regime Around six crore income tax returns have been filed in 2023-24, of which 70 per cent were filed under the new simplified tax regime which offers a lower rate of tax but fewer deductions, Revenue Secretary Sanjay Malhotra has said.  Addressing the post-budget session of PHD Chamber of Commerce and Industry, Malhotra said initially some apprehensions were raised in some sections as to whether people would shift to the simplified tax regime. However, the large percentage of taxpayers ...
Six crore ITRs filed in 2023-24, 70 pc under new tax regime
Six crore ITRs filed in 2023-24, 70 pc under new tax regime
Source: IANS
2024-07-31 01:50:24 pm
Indian spacetech startups witness record-breaking funding amid government push India’s spacetech sector witnessed record-breaking funding of $126 million in 2023 -- a 7 per cent increase from the $118 million raised in 2022 and a whopping 235 per cent increase from $37.6 million in 2021, a report showed on Tuesday.  In 2024, the year-to-date funding for the sector stands at $10.8 million. Despite a global slowdown in funding, the spacetech sector has been experiencing an upward trend, driven by substantial government support and significant innovations,...
Indian spacetech startups witness record-breaking funding amid government push
Indian spacetech startups witness record-breaking funding amid government push
Source: IANS
2024-07-30 02:24:58 pm
EcoScope : Economic Survey 2023 - 2024 by Motilal Oswal Financial Services Ltd EcoScope: Economic Survey 2023 - 2024 * The Union Finance Minister, Nirmala Sitharaman, tabled the Economic Survey 2023-24 on 22nd Jul’24. The survey highlighted that “the Indian economy is on a strong wicket and stable footing, demonstrating resilience in the face of geopolitical challenges”. It further emphasized India’s sustained post-Covid recovery, stable inflation, and a positive investment climate driven by both the public and private sectors. * The survey...
EcoScope : Economic Survey 2023 - 2024 by Motilal Oswal Financial Services Ltd
EcoScope : Economic Survey 2023 - 2024 by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-07-29 11:19:13 am
Budget: A little for all, but wait for a long haul The week gone by was dramatic in more ways than one. Markets lost on the first four days of the week and extended losses for five consecutive days before a complete turnaround happened on Friday, which was the first day of the August futures series.    Incidentally, the Union Budget was declared on Tuesday and markets were on a losing streak before and after the announcement. Losses in the first four days of the week were covered and converted from negative to positive by much...
Budget: A little for all, but wait for a long haul
Budget: A little for all, but wait for a long haul
Source: IANS
2024-07-28 05:55:40 pm
Union Budget 2024-25 by Sushil Finance Services Budget 2024: Quest for Viksit Bharat  Ø FM Nirmala Sitharaman presented her 7th consecutive budget creating a history of continuity. The NDA 3.0 Government had a difficult choice of balancing the needs of the coalition partners, and maintaining fiscal discipline. Ø Budget 2024-25 glided back to a fiscal discipline path by containing fiscal deficit for current year to 4.90%, and reducing it gradually over medium term. Ø Budget 2024-25...
Union Budget 2024-25 by Sushil Finance Services
Union Budget 2024-25 by Sushil Finance Services
Source: Sushil Financial Services
2024-07-25 10:55:20 am
India’s textile sector set to gain pace with 28 pc increase: NITMA India’s textile sector is poised for growth with a 28 per cent increase in the Budget allocated for the sector for 2024-25, said Northern India Textiles Mills Association (NITMA ) President Sanjay Garg on Wednesday. This significant boost in funding is expected to drive innovation, enhance productivity, and create new opportunities for the textile industry in India. The increased investment underscores the government’s commitment to supporting the growth and development of the ...
India’s textile sector set to gain pace with 28 pc increase: NITMA
India’s textile sector set to gain pace with 28 pc increase: NITMA
Source: IANS
2024-07-25 09:42:40 am
Post-Budget 2024 Quote by Manish Mehan, CEO and MD of TK Elevator India Below the Post-Budget 2024 Quote by Manish Mehan, CEO and MD of TK Elevator India   “The Indian real estate sector is expecting the Union Budget 2024–25 to improve liquidity, such as enhanced funding for the Special Window for Affordable and Mid-Income Housing (SWAMIH) fund, which has been crucial in reviving stalled projects. It presents substantial steps under the PM Awas Yojana-Urban, and rural development initiatives are poised to significantly transform the ho...
Post-Budget 2024 Quote by Manish Mehan, CEO and MD of TK Elevator India
Post-Budget 2024 Quote by Manish Mehan, CEO and MD of TK Elevator India
Source: PR Agency
2024-07-25 09:26:54 am
Substantial tax savings expected for majority of taxpayers due to reduction in LTCG rate in real estate: IT department The Income Tax (IT) department has said that 'substantial tax savings' are expected for a vast majority of taxpayers due to reduction in the long term capital gains tax (LTCG) rate in the real estate sector. The Budget has reduced tax rates on capital gains earned from sale of house properties held for long term, but has removed the indexation benefit available to taxpayers.  The I-T department noted that the LTCG has been reduced from 20 per cent with indexation benefit to 12...
Substantial tax savings expected for majority of taxpayers due to reduction in LTCG rate in real estate: IT department
Substantial tax savings expected for majority of taxpayers due to reduction in LTCG rate in real estate: IT department
Source: Accord Fintech
2024-07-24 02:48:32 pm
Budget heralds big bang tax reforms, simplifies long term capital gains: Experts The Union Budget under Prime Minister Narendra Modi 3.0 contains some big bang tax reforms and the government is sticking to its path of simplifying and streamlining the entire tax regime, experts said on Wednesday.  Allaying the fears of investors on long-term capital gains (LTCG) tax, they said the whole idea of the government is to simplify the capital gains framework. There are multiple holding periods and tax rates which are there in the current LTCG framework that have been r...
Budget heralds big bang tax reforms, simplifies long term capital gains: Experts
Budget heralds big bang tax reforms, simplifies long term capital gains: Experts
Source: IANS
2024-07-24 02:03:37 pm
Experts clarify new capital gains tax regime for realty sector Amid the confusion over the government eliminating the indexation benefit on calculating long-term capital gains tax (LTCG) on property which led to real estate stocks nosediving, some experts tried to assuage people, saying even in property, new tax rate at 12.5 per cent (without indexation) would be better than previous regime (20 per cent with indexation) if property is held longer as an asset than used just to rotate money every few years.   The LTCG on property sales has been red...
Experts clarify new capital gains tax regime for realty sector
Experts clarify new capital gains tax regime for realty sector
Source: IANS
2024-07-24 10:29:11 am
Budget reflects PM Narendra Modi`s vision for India`s growth: MP Finance Minister  Madhya Pradesh Finance Minister Jagdish Devda on Tuesday said the comprehensive annual Budget presented on Tuesday showed Prime Minister Narendra Modi government’s vision for the country.   He said the government has allocated a major chunk of its annual Budget to secure the future of youths with multiple steps, from education to employment and making them skilful. The minister said the “best part” of the Budget is that it has a vision of growth for both ...
Budget reflects PM Narendra Modi`s vision for India`s growth: MP Finance Minister
Budget reflects PM Narendra Modi`s vision for India`s growth: MP Finance Minister
Source: IANS
2024-07-24 10:27:09 am
IANS Interview: Budget reflects thoughtful handling of economy by PM Narendra Modi, says Ashwini Vaishnaw  Union Railway Minister Ashwini Vaishnaw on Tuesday hailed the Union Budget 2024-25 as middle-class oriented, forward-looking and described the government's unprecedented push on the jobs and employment generation as a key step to the country’s intensive growth and prosperous future.  He added that the Budget reflects the thoughtful handling of the economy by Prime Minister Narendra Modi. In an exclusive conversation with IANS, the Union Minister said, “In the ...
IANS Interview: Budget reflects thoughtful handling of economy by PM Narendra Modi, says Ashwini Vaishnaw
IANS Interview: Budget reflects thoughtful handling of economy by PM Narendra Modi, says Ashwini Vaishnaw
Source: IANS
2024-07-24 10:19:50 am
This Budget key to make India a developed nation: Haryana CM  Haryana Chief Minister Nayab Singh Saini on Tuesday said that the first full Budget of the NDA government under the leadership of Prime Minister Narendra Modi aims to fulfil the hopes and aspirations of the poor, women, farmers, and youth.    “The Budget 2024-25 will be a key to making India a developed nation,” the Chief Minister said. He said that this Budget will prove to be beneficial for all sections of society, strengthening the country's economy...
This Budget key to make India a developed nation: Haryana CM
This Budget key to make India a developed nation: Haryana CM
Source: IANS
2024-07-24 10:09:41 am
Budget: Leading tea body welcomes scheme for welfare of tea workers  The Tea Association of India (TAI), the largest tea industry body in India, on Tuesday welcomed the scheme “Pradhan Mantri Cha Shramik Protsahan Yojana'' (PMCSPY)”, announced in the Central budget 2024-25 devised for the welfare of tea workers especially women and their children in tea growing areas including Assam and West Bengal.   TAI Secretary General P.K. Bhattacharjee said that as proposed earlier in the Budget Speech of 2021-22, Rs 1,000 crores woul...
Budget: Leading tea body welcomes scheme for welfare of tea workers
Budget: Leading tea body welcomes scheme for welfare of tea workers
Source: IANS
2024-07-24 09:59:07 am
Realty sector hails Union Budget, calls it vibrant & visionary The Indian realty sector has largely given a thumbs up to the Union Budget 2024-2025 presented in the Parliament on Tuesday by Finance Minister Nirmala Sitharaman, terming it visionary and vibrant which will sustain India’s growth story over the next five years.  The President of the Confederation of Real Estate Developers Association of India, Boman Irani, said that with the PM Awas Yojana-Urban, the housing needs of one crore poor and middle-class families will be addressed wi...
Realty sector hails Union Budget, calls it vibrant & visionary
Realty sector hails Union Budget, calls it vibrant & visionary
Source: IANS
2024-07-24 09:53:41 am
Government needs to consider GST exemption for all cancer drugs, says Kiran Mazumdar Shaw Biocon and Biocon Biologics Chairperson Kiran Mazumdar Shaw, welcoming the removal of Customs duty on three cancer drugs in the Union Budget 2024-25, on Tuesday said the government needs to consider GST exemption for all cancer drugs.  "The removal of Customs duty on three cancer drugs will provide relief to cancer patients. However, the government needs to consider GST exemption for all cancer drugs to make cancer care more affordable for patients," she said in a statement....
Government needs to consider GST exemption for all cancer drugs, says Kiran Mazumdar Shaw
Government needs to consider GST exemption for all cancer drugs, says Kiran Mazumdar Shaw
Source: IANS
2024-07-24 09:48:41 am
Rs 7545 cr allocated to Maha, Oppn reacted without reading Budget: Deputy Chief Minister Maharashtra Deputy Chief Minister Devendra Fadnavis on Tuesday said that the state’s opposition has reacted to the Budget without reading it.   “We have a slew of state projects which have got the budgetary allocation of Rs 7,545 crore. Our opposition leaders reacted without reading the Budget,” the Deputy Chief Minister said.  He also gave a list of the projects and their allocated funds: Irrigation projects in Vidarbha Marathwada (Rs 600 crore), Maharash...
Rs 7545 cr allocated to Maha, Oppn reacted without reading Budget: Deputy Chief Minister
Rs 7545 cr allocated to Maha, Oppn reacted without reading Budget: Deputy Chief Minister
Source: IANS
2024-07-24 09:41:26 am
Budget in line with our quest for sustainable inclusive growth: FICCI Raj State Council The Union budget sets up the roadmap for nine priority areas for Viksit Bharat.   "The emphasis on skilling, infrastructure, MSME, and energy transition is in sync with our quest for sustainable and inclusive growth," said Ashok Kajaria, Chairman, FICCI Rajasthan State Council and CMD, Kajaria Ceramics Ltd. MSMEs form the backbone of Rajasthan’s industrial ecosystem and access to affordable finance is one of the key issues faced by them. The Credit Guarantee Scheme ...
Budget in line with our quest for sustainable inclusive growth: FICCI Raj State Council
Budget in line with our quest for sustainable inclusive growth: FICCI Raj State Council
Source: IANS
2024-07-24 09:26:29 am
Budget to create opportunities, unlock multipliers for economy: BSE MD and CEO Sundararaman Ramamurthy, the Managing Director and Chief Executive Officer (CEO) of the Bombay Stock Exchange (BSE) lauded the Union Budget and its nine priorities for thrust on the middle-class and inclusiveness of all segments including poor, youth, women and farmers – the four pillars of ‘Viksit Bharat’, as often underlined in PM Modi’s speeches.  The MD and CEO of the country’s leading stock exchange said that he finds the Budget “forward-lookin...
Budget to create opportunities, unlock multipliers for economy: BSE MD and CEO
Budget to create opportunities, unlock multipliers for economy: BSE MD and CEO
Source: IANS
2024-07-24 09:15:48 am
Union Budget: Indian startup ecosystem hails angel tax abolition  The Indian startup ecosystem on Tuesday hailed the Union Budget 2024 for abolishing angel tax -- the tax imposed on funds raised by startups from angel investors -- for all classes of financiers.  Union Finance Minister Nirmala Sitharaman, in her budget speech, said that the move was aimed at bolstering the Indian startup ecosystem, boosting the entrepreneurial spirit, and supporting innovation. “The removal of angel tax is great news for early-stage startups and shows ...
Union Budget: Indian startup ecosystem hails angel tax abolition
Union Budget: Indian startup ecosystem hails angel tax abolition
Source: IANS
2024-07-24 09:02:00 am
Budget Reaction on Real Estate by Amit Goyal, Managing Director, India Sotheby's International Realty Below the Budget Reaction on Real Estate by Amit Goyal, Managing Director, India Sotheby's International Realty   while maintaining fiscal discipline. The commitment to reduce the deficit to 4.5% and below over the next few years by FM Nirmala Sitharaman, is commendable. This ensures long-term economic stability, high credit rating and FDI inflows for India.   In a young nation with a large youth population (40% under 25!), skilling and job creation are crucial. &n...
Budget Reaction on Real Estate by Amit Goyal, Managing Director, India Sotheby's International Realty
Budget Reaction on Real Estate by Amit Goyal, Managing Director, India Sotheby's International Realty
Source: India Sotheby's International Realty
2024-07-23 02:50:22 pm
Breaking News: Modi 3.0 Sops For Bihar & Andhra Pradesh Modi 3.0 Sops For Bihar & Andhra Pradesh
Breaking News: Modi 3.0 Sops For Bihar & Andhra Pradesh
Breaking News: Modi 3.0 Sops For Bihar & Andhra Pradesh
Source: InvestmentguruIndia
2024-07-23 11:33:11 am
What small traders from Varanasi expect from the Union Budget Common people have high hopes from the Union Budget 2024-25 which will be presented in the Parliament on Tuesday.   Speaking to IANS, small traders from Prime Minister Narendra Modi’s Lok Sabha constituency Varanasi have shared their thoughts on the Union Budget. , said, "We have a lot of expectations from the Modi government, including reduction of GST on Banarasi sarees. There is high demand for our art and tradition, but due to increasing GST, sales are decreasing. If...
What small traders from Varanasi expect from the Union Budget
What small traders from Varanasi expect from the Union Budget
Source: IANS
2024-07-23 09:10:46 am
India made significant progress on climate action: Economic Survey Recognising its position as one of the most climate-vulnerable countries, India has made significant progress on environmental protection, according to the Economic Survey 2023-24, tabled in Parliament on Monday.  The document was tabled by Finance Minister Nirmala Sitharaman, a day ahead of the Union Budget presentation. The Survey showed that the country’s energy needs are expected to grow 2 to 2.5 times by 2047. The country has “successfully reduced the emission i...
India made significant progress on climate action: Economic Survey
India made significant progress on climate action: Economic Survey
Source: IANS
2024-07-22 05:21:03 pm
Budget Pick 2024 by Choice Broking BEL is presently trading at Rs 311.1 and has recently reversed from 50 EMA with significant volume, suggesting a potential reversal and a robust bullish trend. A breakout above 315 could drive the stock towards the Rs 340 & Rs 360 levels, with immediate resistance at Rs 329. On the downside, Rs 300 & 290 stand as critical support levels. Moreover, following a prolonged correction, the stock has reversed from the support level. The Relative Strength Index (RSI) is currently at 50.8, i...
Budget Pick 2024 by Choice Broking
Budget Pick 2024 by Choice Broking
Source: Choice Broking Ltd
2024-07-22 03:34:30 pm
India's healthcare needs greater allocation of funds: Experts India's healthcare sector requires more allocation of funds for better research and to provide better facilities to a vast number of people, said experts on Monday, a day ahead of the Union Budget.  Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2024 on July 23. Currently, India's public healthcare spending remains low with just 1.6 to 1.8 per cent of the Gross Domestic Product (GDP). But a higher allocation is needed, said the experts. "...
India's healthcare needs greater allocation of funds: Experts
India's healthcare needs greater allocation of funds: Experts
Source: IANS
2024-07-22 03:09:01 pm