Two-Thirds Taxpayers May Shift To New Regime In 2023-24: Tax Body

The government has announced five slabs in the new income tax regime. New Delhi: Central Board of Direct Taxes (CBDT) chairman Nitin Gupta has said that he expects at least 50-66 per cent (two-thirds) of the taxpayers to switch over

Read More

Share

Customs duty changes in Budget will promote Make in India initiative: GTRI

Import duty was hiked on a number of goods including silver bars, styrene, and vinyl chloride. (File) New Delhi: Customs duty changes for several products such as precious metals, small cars, bicycles, toys and telecommunication components in the Budget will

Read More

Share

Here’s How Budget’s 16% Duty Hike On Cigarettes Will Impact Prices

The profitability will be less than one per cent. (Representational) New Delhi: The duty hike on cigarettes by 16 per cent announced in the Union Budget 2023-24 would have a nominal impact of around 7-12 paise per stick across cigarette

Read More

Share

India Will Become World’s Third Largest Economy By 2027-28: Ex NITI Aayog Chairman Arvind Panagariya

India should get back to 7% plus kind of growth rate, Arvind Panagariya said. (File) New York: Eminent economist Arvind Panagariya has said India is on the cusp of returning to a high growth trajectory and voiced confidence that the

Read More

Share

To Opposition’s ‘Budget Forgot Poor’ Argument, Union Minister’s Rebuttal

Ashwini Vaishnaw said when the UPA was in power, “India became one of the fragile five economies”. New Delhi: Union Railway minister Ashwini Vaishnaw brushed aside the opposition’s claim that the Union budget presented today does not have anything for

Read More

Share

Budget Allocates Rs 12,544 Crore For Department Of Space

Nirmala Sitharaman allocated nearly Rs 12,544 crore to the Department of Space. (File) New Delhi: Finance Minister Nirmala Sitharaman on Wednesday allocated nearly Rs 12,544 crore to the Department of Space as India plans a human spaceflight — Gaganyaan —

Read More

Share

Union Budget 2023: Rs 3,113.36 Crore Allocated To Civil Aviation Ministry

The Budget for 2023-24 was presented by Finance Minister Nirmala Sitharaman. New Delhi: The allocation for the civil aviation ministry in the Union Budget has more than halved to Rs 3,113.36 crore for next financial year, especially due to a

Read More

Share

Per Capita Income Doubled To Rs 1.97 Lakh Since 2014: Finance Minister

The government on Wednesday presented the annual Budget for 2023-24. New Delhi: The per capita income in India has more than doubled to Rs 1.97 lakh over the past nine years. “The government’s efforts since 2014 have ensured for all

Read More

Share