Budget proposals for marine sector to boost India’s aquaculture, seafood exports: MPEDA
Budget announcements for the marine sector such as rationalisation of customs duties and financing facilities will help boost the country’s India’s aquaculture and seafood exports, MPEDA said on Thursday. The Marine Products Export Development Authority (MPEDA) also said the Budget includes a range of strategic measures aimed at bolstering the competitiveness...
-
Indian cybersecurity startups poised for strong growth amid rising global spend, says Accel
26 July 2024 | PTI -
Sugar industry body proposes bio-refinery transition plan to Govt
26 July 2024 | PTI -
Map war intensifies, Google announces new features to woo users in India
26 July 2024 | PTI -
Rationalisation of duties on leather sector to help create more jobs, push exports: CLE
26 July 2024 | PTI -
Markets extend losses for 5th session
26 July 2024 | PTI -
I-T Act review attempt to make it simpler for taxpayers: CBDT chief
26 July 2024 | PTI -
Canara Bank Q1 net profit up 10 pc to Rs 3,905 cr
25 July 2024 | PTI
Sensex, Nifty tumble in early trade dragged by Axis Bank, weak global peers
Equity market benchmark indices Sensex and Nifty tumbled in early trade on Thursday, continuing to decline for the fifth day running, dragged by Axis Bank and overall bearish global market trends. The announcement of a hike in securities transaction tax and short term capital gains tax in the Budget for 2024-25,...
Budget employment-centric, pro-agriculture, says SJM
Swadeshi Jagaran Manch on Wednesday termed the Union Budget as employment-centric, pro-agriculture and pro-business, especially MSMEs, and urged the government to adopt more measures to promote entrepreneurship. Finance Minister Nirmala Sitharaman presented the Union Budget for fiscal 2024-25 in the Lok Sabha on Wednesday, outlining nine priorities of the government which...
Indo-Bangla trade resumes after two days of shutdown
Trade between India and Bangladesh, which was stalled for the last two days due to the violence in the neighbouring country, resumed on Wednesday. Trade to all major land ports in West Bengal, including Petrapole, Gojadanga, Fulbari, and Mahadipur, resumed after Bangladeshi Customs resumed work and the restoration of the internet...
Investors base of REITs likely to rise with changes in LTCG rules: Experts
The government's decision to reduce the holding period for determining long-term capital gains for REITs to 12 months would help in broadening the investor base of this financial instrument, according to industry experts. According to the Union Budget document, the government has reduced the holding period for determining long-term capital gains...
Cut in customs duty, credit guarantee scheme for MSMEs to help boost exports: Experts
The Budget announcements such as cut in customs duties on range of goods, credit guarantee scheme for MSMEs and setting up of e-commerce hubs will help boost domestic manufacturing and exports, experts said. They said reducing customs duty on goods like spandex, leather and marine goods will help industry to be...
Budget proposals lay ground for long-term reforms: NITI Aayog VC
NITI Aayog vice chairman Suman Bery on Wednesday said the review of the direct tax and the custom's duty rates as announced by the Finance Minister in her Budget speech will prepare the ground for long term reforms. Bery further said that the Budget for 2024-25 was a structural budget, which...
Rupee falls 1 paisa to revisit all-time low of 83.70 against US dollar
The rupee depreciated 1 paisa to revisit its all-time closing low of 83.70 (provisional) against the US dollar on Wednesday, weighed down by a strong dollar against major crosses overseas amid investors' weak appetite for riskier assets. Forex traders said the increase in capital gains tax and removal of indexation benefits...
