India

New Delhi: Giving clarity on taxation of cryptocurrencies and other virtual assets, Finance Minister Nirmala Sitharaman on Tuesday proposed a 30 per cent tax on income from transactions in such assets. Also, to bring such assets under the tax net, she proposed a 1 per cent TDS (tax deducted at source) on transactions in such […]

Hyderabad: There is nothing for the common man, particularly the salaried class. There have been no tax exemptions, deductions or tax proposals that can help employees save tax. These expectations stemmed from the rising cost of living and also higher Covid-related spend. Also, there have been many concerns related to work-from-home, which many hoped will […]

Hyderabad: The Finance Minister also announced that the Emergency Credit Line Guarantee Scheme (ECLGS) will be extended to cover the next fiscal as well, with expanded guarantee cover of Rs 5 lakh crore. This will help the MSMEs that have been hit by the pandemic, said Mahesh Desai, Chairman of Engineering Export Promotion Council. The […]

Hyderabad: The Union Budget 2022-23 focuses on a long-term plan for the country with digitisation, urban development, and sustainability at its core. For the real estate sector, the budget placed an outlay of Rs 48,000 crores under the Pradhan Mantri Awas Yojana, and construction of 80 lakh homes will facilitate affordable housing. Real estate sector […]

Hyderabad: Outstanding scientist and Programme Director, Advanced Naval Systems Programme, GA Srinivasa Murthy, has been appointed as Director, Defence Research and Development Laboratory (DRDL), a premier laboratory of Dr APJ Abdul Kalam Missile Complex, DRDO, Hyderabad, on Tuesday. Srinivasa Murthy assumed charge as Director, DRDL following superannuation of Dr Dashrath Ram, DS and Director DRDL. […]

New Delhi: The Railway Ministry has been allocated Rs 1,40,367.13 crore in the Union Budget on Tuesday – Rs 20,311 crore more than the revised figures of the previous fiscal. Vande Bharat Finance Minister Nirmala Sitharaman in her Budget speech for 2022-23 said that India will manufacture 400 new, energy-efficient Vande Bharat trains in the […]

New Delhi: In further respite for startups amid the ongoing Covid-19 pandemic, the government on Tuesday announced to extend the period to avail tax incentives by one more year. To incentivise startups, the government had last year extended the eligibility for claiming tax holidays for startups by a year to March 31, 2022. It had […]

New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said customs duty rates are being calibrated to provide a graded rate structure to facilitate domestic manufacturing of products like wearables and electronic smart meters. Presenting the Union Budget 2022-23, Sitharaman said duty concessions are also being given on certain items to enable domestic manufacturing of high-growth […]

Kolkata: The Union Budget provided nothing to the common people who have been “crushed” by unemployment and inflation, West Bengal Chief Minister Mamata Banerjee said on Tuesday, terming it a “Pegasus spin budget”. Banerjee said the Centre was lost in “big words” signifying nothing. BUDGET HAS ZERO FOR COMMON PEOPLE, WHO ARE GETTING CRUSHED BY […]

New Delhi: Congress leader Jairam Ramesh on Tuesday alleged that the Modi government is on a “destructive path” as it talks of protecting the environment on the one hand but is promoting ecologically disastrous river-linking projects on the other. His remarks came soon after Finance Minister Nirmala Sitharaman presented the Union Budget for 2022-23 in […]

Patna: NDA constituent Janata Dal-United (JD-U) on Tuesday expressed its disappointment with the Union Budget 2022-23. JD-U Parliamentary Board President Upendra Kushwaha called it a “disappointing Budget”. “We have a long standing demand for special status of Bihar and expecting that Union Finance Minister Nirmala Sitharaman would say something on it but unfortunately, she completely […]

New Delhi: Calling the Union Budget a “visionary budget” brought by the Modi government, Union Home Minister Amit Shah on Tuesday said it will change the scale of India’s economy and make the country self-reliant. Shah took Twitter to express his views soon after Finance Minister Nirmala Sitharaman presented the Union Budget 2022-23 in Parliament. […]

New Delhi: Congress leader Rahul Gandhi on Tuesday dubbed the Union Budget for 2022-23 as a “zero-sum budget”, saying it has nothing for the salaried, middle class and the poor. His comments came soon after Finance Minister Nirmala Sitharaman presented the Union Budget in Parliament “M0di G0vernment’s Zer0 Sum Budget! Nothing for – Salaried class, […]

Udupi: The protesting Muslim girl students of the Government Girls Pre-University College here, who attended their Class wearing ‘hijab’ thereby defying the Karnataka government order, were sent out of the respective Classrooms on Tuesday. The entry to media has been prohibited in the premises of the college and security has been beefed in the campus […]

New Delhi: The government will borrow about Rs 11.6 lakh crore from the market in 2022-23 to meet its expenditure requirement. This is nearly Rs 2 lakh crore higher than the current year’s Budget estimate of Rs 9.7 lakh crore. Total market borrowings of the government for 2022-23 are estimated to stand at Rs 11,58,719 […]

New Delhi: The Congress on Tuesday accused Finance Minister Nirmala Sitharaman and Prime Minister Narendra Modi of betraying the country’s salaried and middle classes by not announcing any relief measures for them in the Union Budget. Congress general secretary and chief spokesperson Randeep Surjewala said the salaried and the middle classes have been affected due […]

Bengaluru: Unacademy, India’s largest learning platform*, today announced the formation of ‘Unacademy Grievance Redressal Council’ (UGRC), a first of its kind initiative in the EdTech industry in India. The council will be chaired by Dr. Rajan Saxena, a prominent academician and a retired Vice-Chancellor. UGRC will provide a three-tiered redressal system, with external independent oversight, […]

New Delhi: The Centre will promote Kisan Drones, chemical-free natural farming, public-private partnerships for the delivery of digital and high-tech services to farmers across the country during the financial year 2022-23, Finance Minister Nirmala Sitharaman said on Tuesday. Presenting the Budget 2022-23 in Parliament, Sitharaman said the inclusive development is one of the four priorities […]

New Delhi: Union Finance Minister Nirmala Sitharaman on Tuesday announced the launch of India’s own digital currency by the RBI next year that will be based on Blockchain technology, while the much-expected Cryptocurrency Bill is yet to see the light of the day. With this, India will join certain countries that have their own central […]

Dehradun: Daughters of two former chief ministers have been fielded in the Uttarakhand Assembly elections, apparently in an attempt to reclaim the legacy of their fathers. Congress leader Anupama Rawat, the daughter of Congress election campaign committee chief and former CM Harish Rawat, has been fielded from Haridwar Rural. In the 2017 Assembly polls, Harish […]

New Delhi: The government is committed to reduce imports and promote self-reliance in the defence sector, Finance Minister Nirmala Sitharaman said on Tuesday. She said that 68 per cent of capital for the defence sector would be earmarked for the local industry. Sitharaman also said that 5 per cent of Universal Service Obligation (USO) Fund […]

New Delhi: The Production-Linked Incentive (PLI) scheme across 14 sectors, including IT hardware manufacturing, has the potential to generate at least 60 lakh new job opportunities, Finance Minister Nirmala Sitharaman said on Tuesday. Presenting the Union Budget 2022-23, her fourth budget to date, she said that the PLI schemes have received tremendous response. “The Production […]

New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said that this year’s Budget would continue to provide impetus to growth. The economic recovery is benefitting from public investments and capital spending, she said in her Budget 2022-23 speech. She added that inclusive development, productivity enhancement, energy transition and climate action are four pillars of development. […]

New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said the government will pay Rs 2.37 lakh crore towards procurement of wheat and paddy under MSP operations. The fiscal 2022-23 has been announced as International Year of Millets, the finance minister said while presenting the Union Budget for 2022-23.