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Budget 2024 | Finance Ministry may cut income tax for lower-income individuals, first such move in seven years: Report

Union Budget 2024: The Prime Minister Narendra Modi-led government is contemplating measures worth over ₹50,000 crore ($6 billion) to boost consumption in India’s upcoming Union Budget. This includes potential tax cuts for lower income individuals, marking the first such cuts in seven years, sources told Bloomberg. Finance Ministry officials are evaluating proposals to reduce taxes…

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‘Global conclave to boost recycled plastics to be held in Delhi’

Projecting that the plastic recycling industry would grow to $6.9 billion by 2033, the All India Plastic Manufacturers’ Association (AIPMA) and the Chemicals and Petrochemicals Association (CPMA), have announced to organise a Global Conclave on Plastics Recycling and Sustainability (GCPRS), from July 4 to 7 at Bharat Mandapam in Pragati Maidan, Delhi. The Conclave will…

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Niva Bupa Health files for ₹3,000-cr IPO

Niva Bupa Health Insurance, formerly Max Bupa has filed its draft red herring prospectus for a ₹3,000 crore initial public offering, of which ₹800 crore would be raised through a fresh issue and ₹2,200 crore would be an offer-for-sale by promoter and selling shareholders. Under the OFS portion, Bupa Singapore Holdings Pte would be selling…

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