India

Mobile phones and TV sets manufactured in India would become cheaper with Finance Minister Nirmala Sitharaman announcing cuts in Basic Customs Duty (BCD) on import of their components but smokers would have to pay more as the government has increased taxes. Fully imported cars, including electric vehicles, and those assembled in India with imported parts will also become costlier with the finance

The Aam Aadmi Party on Wednesday questioned Union Finance Minister Nirmala Sitharaman’s claim about doubling of per capita income since 2014, saying it is ‘Amrit Kaal’ for Prime Minister Narendra Modi, not for the common people of the country. Highlighting the achievements of the Modi dispensation so far, the finance minister in her budget speech said the government’s efforts since 2014 have

New Delhi, Feb 1: Presenting her fifth annual Budget, Finance Minister Nirmala Sitharaman on Wednesday said that the government is adopting seven priorities to guide India through the Amrit Kaal. Major announcements for taxpayers were also made in the Budget. "The budget adopts following seven priorities -- inclusive development, reaching the last mile, infrastructure and investment, unleashing

Finance Minister Nirmala Sitharaman on Wednesday announced major changes to the personal income tax structure in the country. The major announcements are as follows: 1. Tax rebate limit increased to Rs 7 lakh from Rs 5 lakh in new tax regime. 2. Tax slabs have been reduced to five. Revised Tax slabs: Rs 0-3 lakh: 0 per cent; Rs 3-6 lakh: 5 per cent; Rs 6-9 lakh: 10 per cent; Rs 9-12 lakh: 15 per

Finance Minister Nirmala Sitharaman on Wednesday began her much anticipated Budget speech, highlighting India's economic prospects amid a slowing global economy. "The world has recognised India as a bright star. Our growth for the current year is estimated at 7 per cent...the highest among all major economies, in spite of massive global slowdown caused by pandemic and war," Sitharaman said

The PM CARES Fund is not a government fund as donations to it do not go to the Consolidated Fund of India and no third party information can be parted with irrespective of its status under the Constitution and the Right to Information (RTI) Act, the Delhi High Court was informed on Tuesday. An affidavit filed by an under secretary at the Prime Minister’s Office (PMO), who is discharging his

Gautam Adani has slipped out of the list of the world's top 10 richest people and could soon be supplanted as Asia's wealthiest person if shares in his conglomerate continue to slide. The Indian tycoon has fallen from fourth place to 11th on the Bloomberg Billionaires Index, with a personal wealth wipeout of $34 billion in just three trading days. With a current fortune of $84.4 billion, Adani now

Index provider MSCI said on Saturday, January 28, it is seeking feedback on Adani Group and associated securities and is aware of a report issued by short-seller Hindenburg Research. The US short-seller said on Wednesday it held short positions in the Indian conglomerate, accusing it of improper use of offshore tax havens and flagging concerns about high debt, leading to a massive sell-off of

Pune: A local court in Pune has acquitted all accused, including Hindu Rashtra Sena chief Dhananjay Jayram, in the case of lynching of Mohsin Shaikh, 28, in 2014. The court of additional Sessions judge SB Salunkhe, acquitted all accused in the case, defence lawyer Sudhir Shah said. As many as 21 activists of the Hindu Rashtra Sena, a radical outfit, were booked in the case. Twenty of them were

As the Adani Group is on the defence after the Hindenburg research accused the business entity of “brazen stock manipulation” and “accounting fraud”, the Congress on Friday issued a statement seeking "serious investigation" by the SEBI into the matter. "The allegations require serious investigation by those who are responsible for the stability and security of the Indian financial system, viz. the