Financial Express Ahmedabad - February 02, 2025
Financial Express Ahmedabad - February 02, 2025
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In this issue
February 02, 2025
Stage is set for long-term growth
THE FINANCE MINISTER'S eighth Budget signals a decisive shift towards structural reforms, aligning with India's trajectory as the world's fastest-growing economy.
2 mins
Cancer treatment to get cheaper due to tax relief
EXEMPTION FROM BASIC customs duty (BCD) for medicines needed for rare diseases, cancer and other severe chronic disorders fulfills a long-pending demand.
1 min
Strategic push for growth with I-T relief
BUDGET 2025, PRESENTED by the finance minister, was balanced, with efficient allocation of resources and positive surprises on the personal taxation front.
2 mins
Capital gains tax on ULIPs with ₹2.5 L-plus premium
THE UNION BUDGET 2025 has provided further clarity on the taxation of Unit Linked Insurance Policies (ULIPs) with high premiums.
1 min
Foreign study made less tedious on TCS relief
Only applicable for remittances made by taking a loan
2 mins
More time to file updated I-T returns
IN A RELIEF to taxpayers, the government has proposed extending the deadline for filing updated income tax returns (ITR-U) from two years to four years.
1 min
Tailored to drive consumption, long-term growth
AMIDST A CHALLENGING global environment, marked by elevated geopolitical risks and a rapidly transforming competitive landscape, India's Budget assumes the crucial task of safeguarding growth and resilience.
2 mins
Government Set to Borrow ₹14.82L Crore
The Central Government pegged its gross borrowings via market securities at ₹14.82 lakh crore and net borrowings at ₹11.54 lakh crore, the finance minister said while presenting the Budget.
1 min
Emerging tech startups to get a boost
AMONG THE VARIOUS items on wish lists ahead of the 2025-26 Union Budget, the ones that truly stood out included a continued infrastructure push, the revitalisation of micro, small and medium enterprises (MSMEs), and greater incentives for startups and innovation – especially in the emerging sectors – which could boost employment and spur domestic growth.
2 mins
Category I & II AIF income to be taxed as capital gains
THE UNION BUDGET on Saturday specified that income generated by Category I and II alternative investment funds (AIFs) will be treated as capital gains and taxed at 12.5%.
1 min
I-T Key Driver as Tax Revenue Growth Dips
Despite cut, PIT projected to rise 14.4%
2 mins
It is a dream Budget for the middle class
AS THE FM rose to present her eighth consecutive Budget, there was a reasonable certainty of some tax relief for the middle class, especially after Prime Minister Narendra Modi's comments alluding to the same in no uncertain way.
2 mins
New transfer pricing norms to ease burden
A NEW TRANSFER pricing scheme will kick in from FY26, allowing arm's length price (ALP) determination for tax computation for a block of three assessment years, under specific circumstances.
1 min
Tax relief: A boon for middle-class families
Sitharaman's Union Budget 2025-26 is a significant step towards enhancing the financial well-being and quality of life for millions of middle-class families.
2 mins
India Post to transform into large logistics firm
INDIA POST, WHICH has 150,000 rural post offices and 240,000 Dak Sewaks, will be repositioned to act as a catalyst for the rural economy, with its role being transformed into a large public logistics company.
1 min
At ₹11.2 lakh crore, capex remains flat
FACTORING IN THE need to reduce fiscal deficit and the capacity to spend to support economic activity, the Centre has pegged the FY26 capital expenditure at ₹11.2 lakh crore for FY26, a flat growth compared to the FY25 Budget Estimate but a 10% growth over the Revised Estimate for the year.
2 mins
Debt-GDP ratio to be cut to 50% by FY31
Fiscal deficit target at 4.4% for FY26, contingent upon debt reduction from FY27
2 mins
Fine balance in the fiscal calculus
In the first full year Budget of the third term of the present government, the finance minister was tasked with presenting a roadmap for short-term fire-fighting to deal with slowdown in the economy and potential turbulence in the global economy on one hand and to provide policy direction for aspirations of Viksit Bharat.
2 mins
Accelerating domestic growth & infra
DURING A LONG ride on an expressway there is normally no expectations of encountering a speed breaker. In the event there is one, it takes some adjustments to the pace of the travel.
2 mins
From national to global manufacturing hub
TO PROVIDE a fresh boost to manufacturing sector, the Budget has announced setting up a national manufacturing mission that will cover small, medium and large industries.
1 min
Laying road map for resilience and reforms
A phased, reformatory approach has enlivened the possibility of a more equitable tax code
1 min
A fillip to consumer demand
Discussions on this year's Budget will largely be focused on the substantial income tax benefits to taxpayers.
3 mins
Powering MSMEs for self-reliance
Focus on fuelling demand, strengthening participation of MSMEs in digital economy, accelerating tech ecosystem, and simplifying regulatory frameworks is commendable
2 mins
Private capex revival expected
This is certainly an episodic event for the infrastructure sector where the increase in outlay is practically 0%. The budgetary provision for the sector for FY25 was ₹11.1 lakh crore, and the capex budget for FY26 has just been announced as ₹11.2 lakh crore.
3 mins
The RRR of reform, resilience and roadmap for growth
Pushpas for the middle class, Skyforce for the economy, and turning regulatory framework Inside Out make this Budget a blockbuster script for India's story
2 mins
Has made agriculture engine of rural prosperity, resilience
The Budget outlines measures for irrigation, soil health management, and climate-adaptive technologies to protect farmers from economic shocks
2 mins
A big step towards Viksit Bharat
There is a focus on ease of doing business, including simplification of tax laws, rationalisation of custom tariffs, and rationalisation of surcharge and cess
2 mins
No immediate upgrade of India's sovereign rating: Moody's
MOODY'S RATINGS HAS ruled out an immediate upgrade of India's sovereign rating, despite the government's efforts to manage its finances prudently and the proposal to reduce fiscal deficit to 4.4% of GDP in FY26 in the Budget.
1 min
GST mop-up rises 12% to ₹1.96 lakh cr in Jan
HIGHER DOMESTIC ACTIVITY
1 min
WeWork India Management Files IPO Papers With Sebi
Premium Flexible Workspace operator WeWork India Management Ltd has filed preliminary papers with capital markets regulator Sebi to float an initial public offering (IPO).
1 min
Passenger vehicle sales grow 3% in Jan to 3.57L units
Domestic Sales Only
2 mins
FM throws a party for aam aadmi
THE GOVERNMENT CHOSE to move to debt reduction as the core fiscal strategy, foregoing rigid annual deficit targets, and set an aim to reduce the ratio of the central government debt to GDP to 50% by FY31, from the FY25 level of 57%.
3 mins
Mumbai region sees 12% rise in property registrations in Jan
STRONG DEMAND
1 min
OpenAI's Altman Heads for World Tour as AI Race Tightens
OpenAI Chief Executive Officer Sam Altman will spend the coming weeks jetting between Tokyo, New Delhi, Dubai, and Germany as the race to dominate artificial intelligence takes on new urgency.
2 mins
Arab nations reject Trump's call to relocate Palestinians
Egypt, Jordan, Saudi Arabia, UAE, Qatar, the Palestinian Authority and the Arab League released a joint statement rejecting any plans to move Palestinians out of their territories in Gaza
1 min
Trump Vows More Tariffs on Pharma, Oil, Steel, Chips
President Donald Trump said he would impose tariffs on a wide range of imports, including oil and metals, in the coming months, expanding his plans to enact sweeping trade levies well beyond those set to hit China, Canada and Mexico on Saturday.
2 mins
Trump, Nvidia CEO Discuss DeepSeek, AI Chip Exports
MEETING COMES AFTER NEW CHINESE AI MODEL SPARKS CONCERN
2 mins
Apple Cancels Project on Augmented Reality Glasses
APPLE HAS CANCELLED a project to build advanced augmented reality glasses that would pair with its devices, marking the latest setback in its effort to create a headset that appeals to typical consumers.
1 min
'10 mn more people will pay no tax'
Expectation is that the money saved by taxpayers will flow back into the economy through consumption
4 mins
Band-aid for bullet wounds: Rahul
CONGRESS LEADER RAHUL Gandhi on Saturday slammed the Union Budget as a \"band-aid for bullet wounds,\" saying that the Centre was \"bankrupt of ideas\".
1 min
Financial Express Ahmedabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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