The government has cut the gold duty drawback rate on August 23, almost a month after revising import duty. According to the new notification, for gold jewellery, the duty drawback rate has been reduced from ₹704.1 per gram of net gold content (with a purity of .995 or more) to ₹335.50 per gram, a report …
Gold rate today: Gold rate on MCX traded higher on Wednesday, recouping sharp losses in previous session, tracking gains in international bullion prices ahead of the release of key economic data in the US. MCX gold contracts for August delivery traded 0.42% higher at ₹68,801 per 10 grams, while MCX silver contracts for September delivery …
4 min read Last Updated : Jul 24 2024 | 12:09 PM IST Union Budget 2024-25 highlights: The Union Budget 2024 is balanced, with the new government focusing on long-term schemes and benefits across various sectors. The government has laid out a clear vision for “Viksit Bharat” by addressing key areas such as agricultural reforms, …
Union finance minister Nirmala Sitharaman on Tuesday announced the creation of a ₹1,000 crore venture capital fund in the Budget 2024 aimed at expanding the space economy “fivefold over the next decade”. This move follows the government’s 2020 decision to open the space sector to private companies, which has led to a significant increase in …
Dalal Street witnessed volatile stock markets on Tuesday after the government proposed to hike securities transaction tax (STT) on futures & options (F&O) trade in the Union Budget for fiscal year 2024-25. Foreign institutional investors (FIIs) on Tuesday sold stocks of Indian companies worth ₹17,306.08 crore and bought stocks for ₹14,330.77 crore, resulting in funds …
Increasing conflicts around the world and border skirmishes are prompting governments to increase their budget allocation for the defence sector, primarily to obtain advanced equipment and develop infrastructure to face unforeseen situations. The Government of India on Tuesday presented its Budget for the financial year 2024-25, which allocated a 12.9 per cent share of the …
The chief ministers from Congress-ruled states will not attend this week’s NITI Aayog meeting, senior party leader KC Venugopal has announced. INDIA bloc leaders met at Congress chief Mallikarjun Kharge’s residence (Courtesy: x.com/kcvenugopalmp) This, Venugopal said, was because the BJP-led NDA government at the Centre, ‘discriminated’ against opposition-run states in the Union Budget, tabled by …
An unexpected development in this year’s budget was the proposal to tax share buyback income. Finance minister Nirmala Sitharaman proposed that income received on share buybacks should be taxed for the recipients. An unexpected development in this year’s budget was the proposal to tax share buyback income. Finance minister Nirmala Sitharaman proposed that income received …
The 62-page speech of finance minister Nirmala Sitharaman on the union budget made it clear that the Bharatiya Janata Party has been quick to learn lessons from the Lok Sabha elections and adapt to coalition politics. The clear focus on the youth and jobs, and Andhra Pradesh and Bihar make it apparent that the BJP …
D-Street betting big on the defence sector was unimpressed by Tuesday’s Budget outlay to the sector at Rs 4.54 lakh crore for FY2024-25 — a significant climbdown from Rs 6.21 lakh crore allocated by the government in the February interim Budget. As a result, stocks plunged by up to 10% on the intraday basis, but …