budget reactions
In Focus
How Union Budget 2025 Benefits MSMEs
The government is introducing several initiatives for MSMEs, including higher investment limits, expanded credit guarantees, and new funding opportunities for startupsBengaluru: The Union Budget 2025 places a strong emphasis on micro, small, and medium enterprises (MSMEs) with several initiatives,...
In Focus
Union Budget 2024-25: Retail leaders laud the strategic direction of the initiatives
Retail leaders across categories assess the impact of the key announcements in the Union Budget 2024-25, analysing how the newly introduced measures and policy changes will influence their operations and growth prospects
Bengaluru:Â The Union Budget 2024-25, revealed on Tuesday by...
E-Commerce
TDS rate cut for e-tailers to help free up working capital for sellers, say e-biz players
PTI -
The budget proposed reduction in TDS rate on e-commerce operators to 0.1 per cent from 1 per cent nowNew Delhi: E-biz players on Tuesday said the proposed reduction in TDS rate on e-commerce operators to 0.1 per cent from...
In Focus
Special attention to MSMEs in Budget 2024-25: New credit guarantee scheme; hike in Mudra loans
In the first Budget of Modi government's third term, Sitharaman introduced a new credit guarantee scheme for term loans to acquire machinery and equipment and proposed raising the Mudra loan limit from Rs 10 lakh to Rs 20 lakhBengaluru:...
Consumer Durables & IT
Govt cuts import duty on mobile phones; imported handsets to become up to 6% cheaper
PTI -
The industry witnessed three-fold increase in domestic production and almost 100-fold jump in exports of mobile phones over the last six yearsNew Delhi: Imported mobile phones will become cheaper by up to 6 per cent as the government in...
Fashion & Lifestyle
Govt cuts customs duty on gold, silver, mobile phones
PTI -
The Budget 2024 proposed reduction in basic customs duty on gold and silver to 6 per cent, platinum to 6.4 per cent and mobile phones, mobile charger to 15 per centNew Delhi: Finance Minister Nirmala Sitharaman on Tuesday proposed...
In Focus
Relief for salaried class under new tax regime; 50% hike in standard deduction to Rs 75,000
PTI -
Finance Minister Nirmala Sitharaman said salaried employees in the new tax regime could save up to Rs 17,500 in income tax annually following the changes announced in the BudgetNew Delhi: In sops for the middle class, Finance Minister Nirmala...
Fashion & Lifestyle
Jewellery stocks surge after govt cuts basic custom duty on gold, silver
PTI -
On the BSE, the stock of Senco Gold zoomed 6.16% to trade at Rs 1,000.80 apiece, Rajesh Exports surged 5.49% to Rs 313.90 and PC Jeweller jumped 5% to trade at Rs 74.16 -- also its upper circuit limit.New...
In Focus
India to encourage cooperatives and start-ups to invest in the food supply chain: Union Budget 2024
Experts view it as an initiative to make India’s fresh supply chain more efficient and reduce the high wastage of fresh produce that currently ranges between 20%-35%Â
New Delhi: The government will encourage private companies and start-ups to set up...
Food & Beverage
Shares of shrimp products makers in heavy demand after Budget allocation
PTI -
Presenting the Union Budget for 2024-25, Sitharaman said that the government has reduced the basic customs duty on shrimp to 5 per centNew Delhi: Shares of producers and exporters of seafood products' firms jumped on Tuesday after Finance Minister...
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Latest News
’90s menswear brand Double Bull re-launches in the Indian retail market
With the new launch, the company aims to achieve a revenue of Rs 100 crore by FY31 from current...
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