Business

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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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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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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01

Feb

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Business

Banks to remain closed on these days, check state-wise full list – India TV

Image Source : FILE RBI has issued the official list of bank holidays for February 2025. Bank Holidays in February 2025: Banks across India remain closed on the second and fourth Saturdays of each month along with all Sundays. Apart from these, banks also remain closed for state-specific festivals and other important observances. These holidays are fixed by the Reserve Bank of India (RBI). To make sure that you don't have any problems related to bank-related transactions, it is important to have the complete list of holidays in advance. The regulatory body has issued the official list of bank holidays…

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01

Feb

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Namo Bharat Train: NCMC card users to get instant discount

Image Source : X/@MARINEBHARAT REPRESENTATIVE IMAGE As a relief to Namo Bharat Train commuters, the National Capital Region Transport Corporation (NCRTC) introduced a 10 per cent discount on fares for commuters using the NCMC (National Common Mobility Card) and electronic QR tickets. This is as part of the recently extended loyalty points scheme to make travel cheaper. How to avail benefits with NCMC card? Commuters traveling using the NCMC card can now earn loyalty points, lowering their travel costs: 1 loyalty point will be credited for every Re 1 spent. Each loyalty point is worth 10 paise. Credited points…

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01

Feb

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Govt data – India TV

Image Source : FREEPIK Image used for representational purposes. The gross GST revenue rose 12.3 per cent to Rs 1.96 lakh crore in January on higher domestic economic activity, government data showed on Saturday. This includes 10.4 per cent growth in revenue from sale of goods and services domestically at Rs 1.47 lakh crore and 19.8 per cent rise in tax revenue from imported goods at Rs 48,382 crore. Total gross GST revenue stood at Rs 1,95,506 crore in January, a 12.3 per cent growth year-on-year. Refunds of Rs 23,853 crore were issued during the month, a rise of 24…

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