Union Budget

Budget 2024: Fintech industry wants digital public infra investments, UPI fees and more

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Budget 2024: Fintech industry wants digital public infra investments, UPI fees and more

Mumbai: Financial technology companies have a long list of demands and expectations from the upcoming Union Budget, such as investments in digital public infrastructure, GST exemption for business correspondent (BC) outlets, and a fee structure for UPI payments. “We strongly urge the finance minister to prioritise pivotal solutions such as enhancing digital infrastructure, financial literacy … Read more

Week Ahead: Q1 Results, Budget updates, global cues among key market triggers this week; Nifty eyes 25,000

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Week Ahead: Q1 Results, Budget updates, global cues among key market triggers this week; Nifty eyes 25,000

Indian stock market continued its record bull run picked up since June-end led by return of foreign inflows, albeit few phases of consolidation with the new earnings season. Bulls have tightened their grip on D-Street after a spectacular month-opening ahead of the Union Budget 2024 scheduled for later this month. In the third week of … Read more

Budget 2024: Date, time, where to watch—all you need to know

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Budget 2024: Date, time, where to watch—all you need to know

Finance Minister Nirmala Sitharaman will present the first Union Budget of Prime Minister Narendra Modi’s third term on July 23, 2024, as approved by President Droupadi Murmu. The Budget session is scheduled from July 22 until August 12. The budget presentation will commence at 11 am in the Lok Sabha. The Union budget will be … Read more

Top Stock Recommendations: Dharmesh Shah of ICICI Securities suggests buying SBI, and Aditya Birla Fashion tomorrow

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Top Stock Recommendations: Dharmesh Shah of ICICI Securities suggests buying SBI, and Aditya Birla Fashion tomorrow

Stock Market News: The domestic benchmark indices, Sensex and Nifty 50, finished Friday’s session on a bleak note since they were unable to recover their losses. In the last hour of trading, Nifty 50 managed to close above the dotted lines despite a lackluster day’s progress. Gains in energy stocks helped the Nifty 50 achieve a new … Read more

Long Term Capital Gains Tax: As Budget 2024 draws nearer, a look at LTCG tax and how it applies on different assets

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Long Term Capital Gains Tax: As Budget 2024 draws nearer, a look at LTCG tax and how it applies on different assets

As the Budget 2024 is around the corner, taxpayers are expecting some major overhaul in the capital gains tax. Thanks to the series of provisions that come into play while computing long term capital gains, investors and taxpayers are hoping for the revision in the legislation so that the confusion around capital gains tax, and … Read more

Buy or sell: Vaishali Parekh recommends three stocks to buy today – July 3

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Buy or sell: Vaishali Parekh recommends three stocks to buy today - July 3

Buy or sell stocks for today: On Tuesday, despite mixed global cues, the domestic benchmark indices, the Sensex and the Nifty 50, reached new all-time high levels before finishing flat as a result of profit-taking in a few banking and telecom stocks. In a volatile trade, the 30-share BSE Sensex fell 34.74 points, or 0.04%, to … Read more

Budget may hike tax on F&O trading. Here’s what it could mean

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Budget may hike tax on F&O trading. Here's what it could mean

The finance ministry plans to impose higher taxes on futures & options (F&O) transactions in the upcoming Union Budget, as per recent reports. Proposed changes include reclassifying these transactions as ‘speculative income’ from ‘non-speculative business income’ and potentially introducing TDS on them. This news has unsettled the trader community. Let us understand why. Derivatives are … Read more

Budget to unveil major reforms, roadmap for Viksit Bharat: President Murmu

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Budget to unveil major reforms, roadmap for Viksit Bharat: President Murmu

NEW DELHI:The upcoming budget for 2024-25 will unveil major economic reforms and present a roadmap for Viksit Bharat, the government’s push to propel India towards ‘developed nation’ status by 2047, President Droupadi Murmu said addressing the joint session of Parliament on Thursday. “Along with significant economic and social decisions, this budget will include many historic … Read more

Budget 2024: Affordable loans, investment in research & digital infra—education sector’s wish list for FM Sitharaman

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Budget 2024: Affordable loans, investment in research & digital infra—education sector's wish list for FM Sitharaman

The Union Finance Ministry is gearing up to present the full Union Budget for the fiscal year 2024-25 in July. Several stakeholders from the education sector voiced their expectations from Finance Minister Nirmala Sitharaman. The Union Budget for this financial year, comprising estimated receipts and expenditures of the government in various sectors, is expected to … Read more

Budget 2024 expectations: Income Tax relief, old pension scheme — what the salaried class wants from FM Sitharaman

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Budget 2024 expectations: Income Tax relief, old pension scheme — what the salaried class wants from FM Sitharaman

As the Union Finance Ministry is gearing up to present the full Union Budget for the fiscal year 2025 in July, several stakeholders have urged Finance Minister Nirmala Sitharaman to provide tax relief for salaried employees. The Union Budget 2024-25 is expected to be presented in Parliament on July 23 or 24. Budget expectations Salaried … Read more