In a meeting with Union finance minister Nirmala Sitharaman on Friday as part of consultations ahead of the annual budget for 2024-25, they also urged higher allocations to strengthen the Agricultural and Processed Food Products Export Development Authority (APEDA), a government export trade promotion body. The upcoming full-year budget is expected to be presented in…
At the interbank foreign exchange market, the local unit opened at 83.56 and gained further ground to trade at 83.49 against the greenback in initial deals, registering an increase of 8 paise from its previous closing level. File | Photo Credit: V.V. Krishnan The rupee appreciated 8 paise to 83.49 against the U.S. dollar in…
FILE PHOTO: Indian twenty rupee currency notes are displayed at a roadside currency exchange stall in New Delhi, India, May 24, 2024. REUTERS/Priyanshu Singh/File Photo | Photo Credit: PRIYANSHU SINGH In the first two months of 2024-25, the Centre’s fiscal deficit stood at ₹50,000 crore or just 3% of the full-year figure penned into the…
Income Tax Returns (ITR) Filing: It is the annual tax season again in India, as we bring you all the details you need to know to file your income tax returns — including the deadline, penalty for missing the deadline, common mistakes to avoid and more. Take a look. When Is The Last Day To…
Gold prices steadied on Monday, following a slide below the key $2,300 level in the previous session, on stronger-than-expected U.S. jobs data, that doused expectations, for an early interest rate cut this year. Also read:Gold futures rise ₹4 to ₹73,135 per 10 gm Fundamentals * Spot gold was up 0.2 per cent at $2,396.69 per…
In a move that would encourage more entrants in the mutual fund industry, the capital market regulator SEBI has proposed to reduce the net worth and profit track record criteria for companies interested only in managing assets passively. Existing fund houses can hive off their passive businesses and register under the MF Lite Regulations. In…
Even though collation politics may make it challenging to pass legislation on the more ambitious parts of the government reform agenda in areas like agriculture, land, labour, and judicial, experts believe that no substantial policy changes could be proposed during the Budget. “We strongly believe (and hope) that there will not be substantial changes in…
The rupee appreciated 13 paise to settle at 83.44 (provisional) against the U.S. dollar on June 27, supported by a positive trend in equity markets and favourable domestic macroeconomic profile. | Photo Credit: REUTERS The rupee appreciated 13 paise to settle at 83.44 (provisional) against the U.S. dollar on June 27, supported by a positive…
With a double-digit rise in coal and electricity production offsetting contractions in three sectors, including cement and fertilisers. File | Photo Credit: The Hindu Output growth in India’s eight core infrastructure sectors eased to 6.3% in May, from April’s 6.7% pace, with a double-digit rise in coal and electricity production offsetting contractions in three sectors,…
As discussions for Budget 2024 kick off today, attention is sharply focused on demands for comprehensive tax relief measures. Among the key issues brought to the notice of the finance ministry headed by Nirmala Sitharaman are a demand for the expansion of the house rent allowance (HRA) exemption to include more non-metro cities, a call…
