Finance Minister Nirmala Sitharaman today said that the remarkable revival of the Indian economy, particularly the banking sector, since 2014, is a lesson worthy of the Harvard Business School. She was addressing the Gujarat Chambers of Commerce and Industry (GCCI) in Ahmedabad on the theme Vikshit Bharat 2047.“In terms of weighing which India has restored …
If you have already filed your income tax return for financial year 2020-21 and realised that there were a few mistakes or omissions in that then today is the last date to file an updated return to incorporate the changes. Notably, the provision of filing an updated income tax return (ITR-U) was announced in Budget …
India’s gross domestic product (GDP) will grow by 8% or more in the fourth quarter of current fiscal year, Finance Minister Nirmala Sitharaman said on Saturday. Sitharaman said that the economy is expected to show the same rate of year-on-year expansion for the 2023/24 financial year due to the impact of improved inflation management and …
This year’s interim budget has come on the back of a turbulent global economic environment marked by slowing global growth and rising volatility. Against this backdrop, Finance Minister Nirmala Sitharaman has very nicely balanced fiscal discipline, welfare necessities and inclusive economic growth. To everyone’s very pleasant surprise, the balance between economic growth and fiscal consolidation …
The decision to extend tax benefits that were set to expire in FY24 by a year will provide global investors and eligible companies with the clarity and certainty they need to enhance investment and operational planning, experts said. Eligible startups, sovereign wealth funds, pension funds, and units in the International Financial Services Centre (IFSC) GIFT …
The Sports Ministry was on Thursday allocated Rs 3,442.32 crore, a hike of Rs 45.36 crore as compared to last year, in the interim Union Budget presented by Finance Minister Nirmala Sitharaman. In the previous budget, the Sports Ministry had got a revised allocation of Rs 3,396.96 crore. The Olympic Games in Paris, to be …
The interim budget is unlikely to immediately trigger a consumption revival though increased focus on rural housing and post harvest activities could help spur demand for daily household products and groceries in villages in the long term, leading consumer goods companies have said.Slower demand in rural markets has been dragging the overall growth of the …
Nirmala Sitharaman in her pre-election Budget, which is technically a vote on account and popularly termed an interim Budget, said people of India are looking ahead to the future with hope and options. In her speech, Nirmala Sitharaman said, “India today has 80 chess grandmasters compared to 20 in 2010: FM in her Budget speech.” …
National Pension System (NPS) is a Govt of India-sponsored program, which is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). An NPS subscriber invests in the capital market (equity, govt securities, corporate bonds, and alternative assets) as per their respective risk appetite to build up his retirement corpus. Public Provident Fund (PPF) is …
The Reserve Bank of India (RBI) has an important warning for the public. The country’s apex bank RBI has cautioned the public not to fall prey to misleading advertisements related to loan waiver offers on social media platforms like Facebook, Instagram and others.In a statement, RBI said that it has noticed certain misleading advertisements enticing …