Business

31

Jan

By The Press Editor

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Business

Budget 2025: I-T exemption threshold remains unchanged for 10 years

Image Source : PIXABAY The new tax regime exempts income up to Rs 3 lakh. Budget 2025: As Finance Minister Nirmala Sitharaman prepares to present Union Budget 2025 on February 1, salaried people are expecting some relief in terms of income tax liability. Experts believe that the threshold should be changed as it has remained unchanged at Rs 2.5 lakh since 2014 in the old tax regime. Old tax regime Under the old tax regime, Income from Rs 2.5-5 lakh attracts 5 per cent tax, and 20 per cent for income between Rs 5 lakh and Rs 10 lakh. A…

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31

Jan

By The Press Editor

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Business

What homebuyers want from Finance Minister Nirmala Sitharaman – India TV

Image Source : PIXABAY Homebuyers are hopeful that this Budget will have a higher budget allocation for government initiatives. Budget 2025: Homebuyers were not happy with the Budget 2024-25 as it did not address concerns like high interest rates on home loans and the annual increase in stamp duty charges.  Homebuyers are now expecting some announcements from Finance Minister Nirmala Sitharaman that will enhance affordability. Budget 2025: Here's what homebuyers expect - Homebuyers are hopeful that this Budget will have a higher budget allocation for government initiatives like the Pradhan Mantri Awas Yojana (PMAY-U). Also, they want the loan-linked subsidy…

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31

Jan

By The Press Editor

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Business

From decline in global commodity prices to softening of food inflation, key highlights – India TV

Image Source : ANI The Economic Survey is an annual document presented by the government ahead of the Union Budget. Economic Survey 2024-25: Finance Minister Nirmala Sitharaman has presented the Economic Survey 2024-25 in the Lok Sabha. The Economic Survey 2024-25, tabled in both houses of Parliament, said the risk from higher commodity prices seems limited in FY26. It also said that the food inflation is likely to soften in Q4 FY25 with seasonal easing of vegetable prices and kharif harvest arrivals. Check Key Highlights Here -  Estimates suggest that India's retail price inflation will align progressively with the…

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31

Jan

By The Press Editor

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Business

‘Government is committed to fulfil dreams of middle class’, says President Murmu – India TV

Image Source : INDIA TV Budget Session LIVE Updates Parliament Budget Session 2025 Live: President Droupadi Murmu begins the budget session of the Parliament today by addressing the joint sitting of the Lok Sabha and the Rajya Sabha. Union Finance Minister Nirmala Sitharaman will table the Economic Survey in Lok Sabha and Rajya Sabha. The Budget session will run from January 31 to April 4 in two phases. The first phase will conclude on February 13, and the second will start on March 10. The government has listed the Waqf (Amendment) Bill as well as three other new draft laws…

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30

Jan

By The Press Editor

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Business

IndiGo increases flights to Prayagraj amid rising passenger demand – India TV

Image Source : PTI Indigo said that it is also working on reallocating capacity from other parts. Mahakumbh 2025: Mahakumbh Mela in Prayagraj:  Budget air carrier IndiGo has significantly increased the number of flights on the Prayagraj route amid rising passenger demand. According to the airline, it has increased the number of flights to 900 for the Maha Kumbh, which commenced on January 13. The development comes amid concerns about soaring airfares on flights to Prayagraj in the wake of rising passenger demand. Also, the government has asked airlines to maintain air ticket prices as well as operate more flights…

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30

Jan

By The Press Editor

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Business

Who holds the record for delivering longest budget speech in Parliament? – India TV

Image Source : INDIA TV Representational picture Budget 2025: Finance Minister Nirmala Sitharaman, who has, so far, presented a total of seven straight budgets under the Modi government, including an interim one in February 2024, is set to table her eighth consecutive budget on February 1 (Saturday). In 2020, Sitharaman created a unique record for delivering the longest budget speech as Union Finance Minister in the Parliament. The budget 2020-21 speech continued over 2 hours 42 minutes spelling out 13,128 words. The speech started at 11 am and extended until 1.40 pm, which means Sitharaman spoke for 2 hours and 42…

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30

Jan

By The Press Editor

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Business

From GDP to fiscal deficit to GST, here are key numbers to be watched – India TV

Image Source : INDIA TV REPRESENTATIVE PICTURE Finance Minister Nirmala Sitharaman will present the eighth budget of her consecutive term. There are expectations that she will soon give relief to the middle-class taxpayers. Since 2019, she has changed over from the traditional red leather briefcase to the ceremonial red "bahi-khata," and in recent years, the government has adopted a paperless budget presentation format. Fiscal Deficit and debt roadmap Fiscal Deficit: Projected at 4.9 per cent of GDP for FY25, and the government has set a target to bring it down to 4.5 per cent by FY26. The markets will…

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30

Jan

By The Press Editor

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Business

Israel prison service prepares for release of terrorists for Israeli hostages today – India TV

Image Source : AP Check the Israel-Hamas war updates. Tel Aviv: The Israel Prison Service (IPS) in a statement on Thursday said that it is prepared operationally for the process of releasing the imprisoned terrorists in return for the release of Israelis held hostage in Gaza, in accordance with the guidelines of the Gaza ceasefire agreement. Israel Prisons Chief Commissioner Kobi Yaakobi held another situation assessment for the operation. (Three more hostages are expected to be released on Thursday, bringing the total number released since the start of the ceasefire to ten.) The IPS received the list of security prisoners…

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29

Jan

By The Press Editor

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Business

Sensex soars 631 points to 76,532, Nifty surges 205 points on buying in IT stocks, firm global cues – India TV

Image Source : X Representational image Stock market benchmark indices Sensex and Nifty saw a rise of nearly 1 per cent on Wednesday. The upward trend was credited to a rally in IT, capital goods and industrial stocks amid a firm proceeding in global markets. The 30-share BSE benchmark Sensex soared 631.55 points or 0.83 per cent to settle at 76,532.96 on Wednesday. During the day, it increased 698.32 points or 0.92 per cent to 76,599.73. The NSE Nifty jumped 205.85 points or 0.90 per cent to 23,163.10. From the 30-share blue-chip pack, Zomato jumped nearly 7 per cent. Firms that…

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29

Jan

By The Press Editor

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Business

Sensex surges 290 points, Nifty crosses 23,000 in early trade – India TV

Image Source : INDIA TV Stock market update for January 29. Stock markets update: Equity benchmark indices opened higher in early trade on Wednesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 290.99 points to 76,144.85. Meanwhile, the Nifty was also up by 85.60 points to 23,022.10. Major gainers and laggards  Among the 30 stocks on the BSE Sensex, 21 stocks advanced, led by Infosys (+1.60%), followed by Zomato, TCS, HCLTech, and Tech Mahindra. On the losing side, NTPC (-0.49%), along with Nestle India, Hindustan Unilever, Asian Paints, and Sun Pharma, limited the gains.  On…

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