Economy Print Archives | The Financial Express

Budget 2024 tweaks custom duties, many cuts, a few hikes, major overhaul later

FM checkmates F&O surge with STT

The segment’s fervor can be seen with the monthly turnover in the F&O segment reaching Rs 388.6 trillion in June…

July 24, 2024 04:40 IST

The Union government has lowered its fiscal deficit target for FY25 to 4.9% of GDP, down from the 5.1% target set in the interim Budget.

Budget has a strong focus on development and continuity

Before coming to the specifics, the Budget math and commitment to fiscal consolidation were on expected lines.

July 24, 2024 04:35 IST

Finance Minister Nirmala Sitharaman also launched a separate scheme for job creation in the manufacturing sector.

Employment, skilling get a Rs 2-trn boost over 5 yrs

Budget outlines 5 key schemes for jobs & skilling; allocates 31% more over last year.

July 24, 2024 04:15 IST

RBI dividend helps Centre trim fiscal deficit to 4.9%

Consolidation to keep the deficit below 4.5%, linked to debt-GDP reduction from FY26

July 24, 2024 03:45 IST

However, a 1% tax collected at source (TCS) on goods valued above Rs 10 lakh will make products such as jewellery, cars, houses, etc, expensive, even though the government has not notified the list of products attracting this tax.

The government gives and takes: Some items get costlier and a few get cheaper

With a cut in customs duty on several items, mobile phones, precious metals gold, silver and platinum, chargers, cancer medicines,…

July 24, 2024 03:45 IST

Focus on urban housing needs is another constructive step by the government and has a direct impact on our industry.

Budget enables virtuous cycle of growth

One of the other positive takeaways from the Budget has been the allocation of about Rs 2.66 trillion for rural…

July 24, 2024 03:30 IST

New tax regime now more attractive for the salaried

Standard deduction raised to Rs 75,000; no tax on salary income up to Rs 7.75 lakh

July 24, 2024 03:30 IST

Government borrowings are one of the key drivers for bond yields, which have fallen since the start of this financial year.

Bond market unimpressed with govt borrowing plan

The 10-year bond ended the day flat at 6.969%, after hitting an intraday low of 6.926% and the high of…

July 24, 2024 03:15 IST

Removal of indexation benefit to hit property buyers

While developers said the move would not have any major impact, rating firms and advocates felt the move would hurt the…

July 24, 2024 03:10 IST

Simultaneously, the short-term capital gains tax rate on listed securities is increased from 15% to 20%.

Budget 2024 is a symphony of soothing tax proposals

In continuation of rationalisation of tax treatment of investments in debt mutual funds announced in last year’s Budget, a more…

July 24, 2024 03:00 IST

Mild, but push alright to boost consumer demand

Focus on job creation, MSME development, income tax cuts to increase incomes

July 24, 2024 03:00 IST

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Spotlight on MSMEs & next-generation reforms

Further, states will be incentivised for implementation of their Business Reforms Action Plans and digitalisation to enhance ease of doing…

July 24, 2024 02:55 IST

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