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budget updates 2024

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...

TDS rate cut for e-tailers to help free up working capital for sellers, say e-biz players

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...

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:...

Budget 2024-2025: What’s in it for Retail?

An overview of all the retail ecosystem-related measures in the Budget 2024-2025 revealed by Finance Minister Nirmala Sitharaman in her 7th budget speechMumbai: Being the first by the Modi government in its third term, Budget 2024-2025 was one...

Govt cuts import duty on mobile phones; imported handsets to become up to 6% cheaper

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...

Govt cuts customs duty on gold, silver, mobile phones

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...

Jewellery stocks surge after govt cuts basic custom duty on gold, silver

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...

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...

Budget 2024: Entrepreneurs rejoice in the abolishment of angel tax

Entrepreneurs from the country’s startup system have heaved a sigh of relief as the government proposes doing away with the Angel Tax. New Delhi: In her budget speech as the Finance Minister of India, Nirmala Sitaraman has proposed abolishing the...

Shares of shrimp products makers in heavy demand after Budget allocation

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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Blur India: Scaling clean beauty to new heights

The brand aims to achieve a revenue target of Rs 12–14 crore in the coming year by expanding its...
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