budget reactions
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: 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%
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...
E-Commerce
Budget 2024: Retailers React
What do different players from the retail industry ecosystem in the country have to say about about the #ViskitBharatBudget 2024Even as the ruling government is branding the Budget2024 presented by Finance Minister Nirmala Sitharaman as the ##ViskitBharatBudget, it lacks...
- Advertisement -
Latest News
IKEA FY24 loss widens to Rs 1,299 cr, revenue up 4.5% to Rs 1,809.8 cr
Ikea India reported a loss of Rs 1,133 crore and its revenue from operations was at Rs 1,731.6 crore...
- Advertisement -