Business

New Delhi: The proposed changes in capital gains tax rates in the Budget are estimated to garner an additional Rs 15,000 crore to the exchequer, Revenue Secretary Sanjay Malhotra said Tuesday. Finance Minister Nirmala Sitharaman, in her 2024-25 Budget, has proposed to rationalise the capital...

New Delhi: The Centre has set aside Rs 1.48 lakh crore for education, employment and skilling of youth, which is 30 per cent higher than the previous allocation of Rs 1.13 lakh crore. “In this Budget, we particularly focus on employment, skilling, MSMEs and the...

New Delhi: Finance Minister Niramala Sitharaman announced an outlay of Rs 1.52 lakh crore in Budget 2024-25 to boost production and resilience in the agriculture and allied sectors. The measures unveiled to enhance productivity and resilience in the agriculture sector include use of digital public...

New Delhi: Union minister Dharmendra Pradhan Tuesday hailed the government's decision to formulate "Purvodaya", a plan for the development of the eastern region, including his home state, Odisha. "Comprehensive focus on development of human resources, infrastructure and economic opportunities and assistance to Odisha for development...

Mumbai: Benchmark Sensex and Nifty settled marginally lower in volatile trade Tuesday as the government proposed to hike securities transaction tax on futures & options in the budget for 2024-25. Recovering most of its intra-day losses of over 1,200 points, the 30-share BSE Sensex settled...

New Delhi: The government will formulate an 'Economic Policy Framework' to set the scope of the next generation of reforms for facilitating employment opportunities and sustaining high growth. The proposed 'Economic Policy Framework' is one of the nine priorities envisaged in the Budget for generating...

New Delhi: Khelo India, which is the government's flagship project to promote sports at the grassroots level, was once again the biggest beneficiary in the union budget for the sports ministry as it was assigned Rs 900 crore from the overall allocation of Rs 3,442.32...

New Delhi: The government Tuesday allocated Rs 6,21,940 crore for the defence budget for 2024-25, up from last year's outlay of Rs 5.94 lakh crore. The capital outlay has been pegged at Rs 1,72,000 crore. The total allocation to the defence sector is 12.9 per...

New Delhi: Gold, silver and other precious metals along with imported mobile phones, certain cancer drugs and medical devices are set to become cheaper with Finance Minister Nirmala Sitharaman announcing cuts in customs duty in the Union Budget 2024-25. However, certain items such as imported...

New Delhi: Highlights of Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman in Lok Sabha Tuesday. * Standard deduction in new tax regime hiked to Rs 75,000 from Rs 50,000 * Deduction on family pension for pensioners raised from Rs 15,000 to Rs 25,000...