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Market veterans Samir Arora, Shankar Sharma, and Ashish Gupta raise multiple concerns regarding the hike in capital gains tax.
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With the government’s backing, the private capital industry is poised for growth. It’s a bold step towards Atmanirbharta and it could propel India to greater heights
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India has made a significant stride by abolishing the contentious angel tax. This tax, which levied charges on startups raising capital above fair market value, had been a longstanding issue causing distress among founders, companies, and angel investors alike. The move aims to alleviate harassment and uncertainty faced by entrepreneurs and investors
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Realty stocks had witnessed strong selling on the Budget day after finance minister Nirmala Sitharaman's proposed to remove the indexation benefit on calculating long term capital gains tax (LTCG) on real estate.
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Budget 2024 demonstrates India's commitment to leveraging its digital advantages. The focus on DPI and support for startups are commendable steps but a more comprehensive strategy for AI will be crucial to realise India's potential
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Chief Ministers of southern states, including Karnataka, Tamil Nadu, Telangana, and Kerala, raised objections over the neglect of their respective states in the Union Budget and decided to stage protests against the central government.
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While the budget did not have any path breaking announcements, tweaks to the capital gains regime will hurt equity investors but could benefit investors in real estate and gold
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The Union Budget’s move could affect investment decisions in the real estate sector.
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IT Minister Ashwini Vaishnaw said that determining valuation for deep tech startups was difficult, earlier, due to angel tax
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Subsidy for facilitating low value UPI transactions and RuPay debit cards dropped almost 42 percent, while no funds were allocated for promoting digital payments.
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Students will gain exposure for 12 months to real-life business environments, varied professions and employment opportunities, the Budget says
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Finance Minister Nirmala Sitharaman announced the Rs 1,000 crore VC fund for space economy with the objective of expanding the ecosystem by 5 times in the next 10 years
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On July 23, Finance Minister Nirmala Sitaraman proposed to abolish the angel tax for all investor classes while presenting the Union Budget 2024.
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The Union Budget 2024 introduces a range of incentives and benefits, including tax sweeteners, housing allocations, and employment-linked schemes, aimed at boosting jobs and consumption
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Budget 2024: The government has reduced basic customs duty on mobile phones, mobile charger to 15%.
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The majority of the increased allocation for MeitY is reflected in the expanded production-linked incentive (PLI) schemes for both semiconductors and large-scale electronics manufacturing and IT hardware.
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Space tech startups such as Pixxel Space and Agnikul Cosmos have lauded the announcement saying that the fund will help larger players emerge out of India's space ecosystem
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These DPIs are across credit, e-commerce, law and justice and corporate governance, sectos not covered by large scale programmes as of now
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The government will end up spending about 3.5 percent of the Budget on capex compared with 3.2 percent in the previous year.
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State-level variants of indices like IIP will help understand the emerging geographical patterns, according to Economic Survey 2024.
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GCCs in the IT function grew by 30% to $9.7 billion, while BPM segment grew about 27% to $10.7 billion in FY23.
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Startups in India filed more than 12,000 patent applications from 2016 to March 2024, per the survey.
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The survey highlighted India has experienced a significant increase in its electronic exports over time from the trade diversion from China. India's electronic exports to the US have transitioned from a trade deficit of $0.6 billion in FY17 to a trade surplus of $8.7 billion in FY24, underscoring a significant increase in value addition.
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During FY23, the microfinance sector bounced back strongly, achieving an aggregate disbursement of Rs 1.8 lakh crore, 55 percent higher than the previous year.
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Economic Survey 2024 Highlights: Several countries attempting energy transition at the same time, financing will be an issue, says CEA
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Industrialists have urged Union Finance Minister Nirmala Sitharaman, who represents Karnataka in the Rajya Sabha, to include Bengaluru in the list of metro cities under the Income Tax rules for a 50 percent House Rent Allowance (HRA) exemption.
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The chemical industry has been hurting from a double whammy of weak demand and the influx of low-cost Chinese inventory in the global markets over the last year and hence is hoping for the government's measure to ease its pain.
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Healthy dividends from the RBI and PSU companies are expected to put divestment plans on the backburner in the Union Budget for fiscal 2025. In addition, some government measures would help in keeping inflation under control, Jethmalani said.
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Higher outgoes on welfare schemes to support the sagging consumption growth will be among the key focus areas in the Union budget to be presented next week, a domestic rating agency said on Tuesday.
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Power stocks have been rallying over the last one year with valuations in the power sector currently higher compared to historical averages.
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Around 38 percent of respondents suggested implementing uniform tax rates for long- and short-term capital gains to simplify the regime, indicating a desire for clarity and simplicity in tax calculations.
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Cybersecurity and regulatory measures also top the list of worries for the CEOs as businesses try to keep up with fast-paced tech changes
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The Indian Space Association (ISpA) also suggested allowing a 25% depreciation on the one-time licence fee for satellite operators and treating the annual licence fee as revenue expenditure. This approach would reduce taxable profits and optimize the tax impact, thereby supporting business operations in the satellite sector.
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"We are expecting that the government should come up with a FAME 3 like policy... good schemes like PLI are already in place, which we are sure will continue," SIAM President Vinod Aggarwal told reporters.
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On exemption of customs duty, the COAI has requested exemptions on customs duties for certain telecom equipment to alleviate the cost challenges associated with deploying this critical infrastructure
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Union Budget 2024-25: The number of litigation disputes continue to rise, adding to the growing backlog of cases. There is a need to ease the process of tax litigation and technology can be used to solve several issues
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The Indian Cellular and Electronics Association, which represents companies such as Apple, Foxconn and Dixon, also wants policy and financial support for building large-scale components and sub-assembly ecosystems
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The government may not tinker with rates under the old tax regime despite requests to increase the threshold for the highest tax slab to Rs 20 lakh. This is to ensure that more people are incentivised to move towards the new regime that discourages exemptions and rebates.
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The main elements which are required to promote R&D and innovation include the creation of intellectual property rights, funding, infrastructure, standards and certification, and capacity building
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Union Budget 2024 Expectations Highlights: The Space tech industry has urged GST exemption expansion to satellites, launch vehicles, and ground equipment for the upcoming Interim Budget.
