Budget 2024: No change in income tax slabs; Will present detailed roadmap for Vikasit Bharat in July Budget, says FM; Expert analysis & more
#Budget2024 ??
Budget 2024 LIVE Updates: Will present the detailed roadmap for Vikasit Bharat in July Budget, says FM
The Finance Minister said that the government will present the detailed roadmap for Vikasit Bharat in the July Budget. Earlier she said the government's highest priorities are the needs and aspirations of Garib, Mahilayen, Yuva and Annadata. FM also said that besides gross domestic product, the government is equally focused on a more comprehensive GDP – governance, development and performance.
Income Tax Budget 2024 Live: No change in tax slabs, says FM Sitharaman
Finance Minister Sitharaman said, “I do not propose to make any changes to taxation and propose to retain same tax rates for direct and indirect tax rates including import duties.”
"Assure tax payers that their contributions have been used wisely for development of country," Finance Minister.
Budget 2024 highlights
The Ministry of Civil Aviation's flagship Regional Connectivity Scheme UDAN (Ude Desh Ka Aam Nagarik) was unveiled to enhance air connectivity to regional airports in small towns. The scheme, launched in 2016, aims to make flight services accessible to common citizens by focusing on developing infrastructure and air connectivity.
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Budget 2024 | Expect to unleash private sector potential for clean energy and sustainable future
As we stand at the crossroads of the climate crisis and sustainable development, the forthcoming interim budget for the fiscal year 2024-25 presents a unique opportunity for the government to showcase its dedication to fostering green growth and a seamless transition to clean energy. Recognizing the urgency of the matter, it is imperative to pivot the focus towards promoting private sector engagement and collaboration with venture capitalists in driving the clean energy revolution.
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#PaytmNews?
Paytm sees up to ?500 crore hit on its annual operating income post RBI restrictions
One97 Communications Ltd., parent company of payments aggregator Paytm expects a "worst case impact" of ?300 crore to ?500 crore on its annual Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) going forward after the Reserve Bank of India's latest directives on Paytm Payments Bank.
In a statement to the exchanges released in the early hours of Thursday, One97 Communications said that despite this hit, it will continue on its trajectory to improve its profitability.
Paytm shares in 20% lower circuit post RBI restrictions, an analyst expects it to fall to ?500
Shares of Paytm are locked in a lower circuit of 20% after the Reserve Bank of India (RBI) imposed restrictions on Paytm Payments Bank on Wednesday, citing repeated non-compliance.
This is the biggest single-day drop for the stock in over a month. The stock had plunged 20% in December as well after it had announced that it would focus on larger ticket size loans and recalibrate its Buy Now, Pay Later (BNPL) business. The stock fell to lows of ?600 before reversing to Wednesday's closing levels of around ?760. With Thursday's drop, the stock is back to the December lows.
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