Business

02

Feb

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Business

Know maturity amount on deposit of Rs 1 lakh in this scheme – India TV

Image Source : PIXABAY The scheme offers a 7.5 per cent interest compounded quarterly. Mahila Samman Savings Certificate (MSSC): To provide financial security to women and girl children in India, the government launched the Mahila Samman Savings Certificate or MSSC scheme in April 2023. This is a government-guaranteed scheme that allows one-time investment. It was announced in Budget 2023 to increase the participation of women in investments. Here's every detail you need to know about this scheme. Mahila Samman Saving Certificate - Who is eligible? As the name suggests, this scheme is only for women and girl children. An individual…

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02

Feb

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Business

Full details – India TV

Image Source : PIXABAY The equity markets were open for six days last week. The combined market valuation of seven of the 10 most valued firms jumped Rs 1,83,322.54 crore last week, with FMCG major Hindustan Unilever being the biggest gainer. This surge coincides with the jump of 1,315.5 points or 1.72 per cent in the BSE benchmark. Similarly, the Nifty went up by 389.95 points or 1.68 per cent. The equity markets were open for six days last week because of the Union Budget. While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India, Hindustan Unilever, ITC and…

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02

Feb

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Business

Positive impacts of big tax relief – India TV

Image Source : PTI FM also said that the government will introduce a new Income Tax bill. Finance Minister Nirmala Sitharaman has announced that there will be no tax for individuals earning income up to Rs 12 lakh. She also said that the government will introduce a new Income Tax bill in Parliament next week, replacing the six-decade-old income tax act of 1961. Tax experts, industry observers, and banking leaders have lauded move. Sameer Gupta, National Tax Leader, EY India, commended the budget's focus on economic progress. "The enhanced tax rebates will ensure more disposable income, stimulating consumption and fueling…

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02

Feb

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Business

Tax benefits to be available under Section 80CCD(1B) – India TV

Image Source : PIXABAY Parents can subscribe to NPS Vatsalya online or visiting a bank or post office. NPS Vatsalya scheme: Finance Minister Nirmala Sitharman on Saturday proposed tax exemption for contribution up to Rs 50,000 per year under the NPS Vatsalya Scheme, the children's welfare scheme launched on 18 September 2024. The move is aimed at making the scheme more attractive.  "I am also proposing to allow similar treatment to NPS Vatsalya accounts as is available to normal NPS accounts, subject to overall limits," she said while presenting Budget 2025-26 in Lok Sabha. However, the tax benefit would be…

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02

Feb

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Business

What does it mean for common man? – India TV

Image Source : FILE This move will enhance financial inclusion, Budget 2025: Finance Minister Nirmala Sitharaman has proposed to raise the foreign investment limit to 100 per cent in the insurance sector. While presenting Budget 2025-26 on Saturday, Sitharaman said the FDI limit for the insurance sector will be raised from 74 to 100 per cent. However, this will require amendments to the Insurance Act 1938, the Life Insurance Corporation Act 1956, and the Insurance Regulatory and Development Authority Act 1999. "This enhanced limit will be available for those companies which invest the entire premium in India. The current guardrails…

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02

Feb

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Business

Mahanagar Gas Limited shares to trade ex-date tomorrow, check details – India TV

Image Source : PIXABAY The company declared the interim on January 28, 2025. Dividend PSU stock: Shares of public sector undertaking (PSU) Mahanagar Gas Limited (MGL) will trade ex-date on for an interim dividend on Monday i.e. February 3, 2025. The natural gas distribution company has also shared details about the payment date. Dividend PSU stock: MGL announces Rs 12 interim dividend The company has announced an interim dividend of Rs 12 per equity share with a face value of Rs 10 each for the financial year 2024-25. The company has fixed February 3 as the record date. This date…

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02

Feb

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Business

Will India be impacted? – India TV

Image Source : PTI US President Donald Trump vowed to impose taxes on India, China and Brazil. President Donald Trump has imposed stiff tariffs on imports from Mexico, Canada and China. The move has pushed the United States - the world's largest economy - into a trade war with neighbours. While China has not responded, Canada and Mexico have vowed retaliatory tariffs. Canadian Prime Minister Justin Trudeau has already stated that his government will impose 25 per cent tariffs on American goods. He even urged people to purchase local products and consider spending vacations in the country, according to the…

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02

Feb

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Business

Green stocks gain as Budget focuses on clean tech manufacturing – India TV

Image Source : PIXABAY The move will boost domestic manufacture of lithium-ion batteries. Green stocks gained on Saturday as the Budget 2025 focused on providing support to clean tech manufacturing to support domestic production of EV batteries and solar panels. Stocks like Suzlon Energy, Inox Wind and Waaree Energies gained following the announcement. Last seen, Inox Wind was trading at Rs 171.75 with a gain of 2.02 per cent from the previous close of Rs 168.35.  Sitharaman said that 35 additional capital goods for EV battery manufacturing, and 28 additional capital goods for mobile phone battery manufacturing have been exempted…

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01

Feb

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Business

Government allocates Rs 6.81 lakh crore to defence, over 9 pc hike from last year – India TV

Image Source : INDIA TV The defence sector got a significant boost in the Union Budget 2025. Budget 2025: Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in the Lok Sabha and announced major allocations across key sectors, including youth, women, education, and healthcare. Among the significant announcements, the defence sector has received a boost, with a total allocation of Rs 6.8 lakh crore to strengthen India’s military capabilities. In total, Sitharaman allocated a total of Rs 6,81,210 crore for 2025-26, an increase of 9.5 per cent from the previous year's Rs 6,21,940 crore.  The allocation for the defence…

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01

Feb

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Business

Will income tax slab change impact your take-home salary? 5 things employees must know – India TV

Image Source : PTI Nirmala Sitharaman Budget 2025: Union Finance Minister Nirmala Sitharaman on Saturday announced during the Budget 2025 that no income tax will be paid on earnings up to Rs 12 lakh, or up to Rs 12.75 lakh including standard deductions, under the new tax regime. After the new changes are introduced now, the individual taxpayers in the new regime with an income of Rs 12 lakh will get a benefit of Rs 80,000 in tax (100% of tax payable as per existing rates will be exempt). In the new tax regime, the effective income tax rate will be 0%. This move of…

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