NEW DELHI: The opposition on Saturday criticised the Union Budget presented by finance minister Nirmala Sitharaman and claimed that the government missed the opportunity to cut slacks for several groups.Congress MP and leader of opposition in Lok Sabha Rahul Gandhi accused the government of putting a “band-aid for bullet wounds” and claimed that the Centre is bankrupt of ideas.Taking to …
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NEW DELHI: Union minister Pralhad Joshi has said that the Union Budget 2025-26 will be pro-people, pro-poor, pro-middle class budget as it has been since “economy of this country started being taken care of under the leadership of PM Narendra Modi.”“Ever since economy of this country started being taken care of under the leadership of PM Narendra Modi, we have …
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NEW DELHI: Odisha, Chhattisgarh, Goa, Jharkhand and Gujarat have emerged as the top performing states in the fiscal health index, compiled by govt think tank Niti Aayog.Punjab, Andhra Pradesh, West Bengal, Kerala and Haryana figure at the bottom of the table. The performance of the states have been put under four categories – achievers, front runners, performers and aspirational. Odisha, …
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MUMBAI: Startups and venture capital (VC) firms are seeking an easier tax regime and measures to boost availability of domestic capital in the upcoming Budget. Parity between foreign and domestic funds in terms of taxation is required to attract foreign investors to Indian alternative investment funds (AIFs), said Siddarth Pai, founding partner at 3one4 Capital and co-chair of regulatory affairs …
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NEW DELHI: The Supreme Court on Friday stayed Goods and Services Tax (GST) proceedings against 49 online gaming companies over retrospective demand notices issued to them, a decision that pushed up the share price of some of the listed entities.A bench of Justices J B Pardiwala and R Mahadevan passed the interim order, while posting the matter for further hearing …
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MUMBAI: Education loan providers Credila Financial Services and Avanse are set to debut on the stock markets, with both companies preparing for IPOs. Credila plans to raise around Rs 5,000 crore, while Avanse aims for Rs 3,500 crore. Both IPOs will include a combination of fresh issues and offers for sale.Credila, formerly HDFC Credila, has confidentially pre-filed its Draft Red …
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NEW DELHI: Government on Wednesday approved the continuation of the Centre’s flagship crop insurance schemes, until 2025-26, allocating a total outlay of Rs 69,515.71 crore for the period from 2021-22 to 2025-26.The decision was taken during a meeting of the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi. The Cabinet also sanctioned a new fund with …
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NEW DELHI: India’s economic growth remained resilient in 2024, with projections reflecting a strong trajectory despite global challenges. The finance ministry estimates a 6.5% GDP growth rate for the fiscal year 2024-25, while the World Bank’s India Development Update forecasts an even higher 7% growth, solidifying India’s position as the world’s fastest-growing major economy.India is currently the fifth-largest economy in …
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