Financial Express Ahmedabad - February 03, 2025
Financial Express Ahmedabad - February 03, 2025
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In this issue
February 03, 2025
Modi pitches I-T relief to woo Delhi voters
AS CAMPAIGNING FOR elections to the Delhi Assembly entered the last lap, Prime Minister Narendra Modi Sunday highlighted the many \"benefits\" of the Union Budget presented a day earlier, calling it \"the most middle class-friendly Budget in the history of the country\".
1 min
India Might Face US Tariffs Despite Pre-emptive Move
THE GLOBAL TRADE war triggered by US President Donald Trump might soon involve India too, while this is the last thing New Delhi would want at this juncture, with its economy witnessing a slowdown.
2 mins
'Budget measures target 6.8% GDP growth in the next fiscal'
The substantial tax relief and other measures meet the expectations of the people and the larger economy's need to support consumption and investment, which can lead to a 6.8% growth next year, economic affairs secretary Ajay Seth tells Prasanta Sahu in an interview.
2 mins
Smartphones grab the largest share in incentive schemes
THE SMARTPHONE PRODUCTION-LINKED incentive scheme, the most successful of the 14 PLIs, has topped the allocation at ₹8,885 crore in the Budget 2025-26, significantly higher than allocations for PLI schemes of other ministries.
1 min
Duty cut on certain inputs to boost exports: Govt
THE REDUCTION IN customs duties in the Budget on certain inputs from sectors like marine, chemicals and critical minerals will help promote domestic manufacturing and enhance exports, according to the commerce ministry.
1 min
Tech sector confident of GCCs' rise in tier II cities
THE TECH SECTOR is confident that the government's move towards creating a national framework for creation of Global Capability Centres in emerging tier II cities, will yield positive results and see the emergence of talent hubs beyond Bengaluru and some other metropolitan centres.
1 min
Regulatory clarity, risk-sharing tools hold key to reforms in power sector
THE BUDGET PAVED the way for the crucial reforms needed in the power sector—strengthening of the distribution and transmission segment while enabling a clear path for the non-fossil energy to meet the country's net zero targets.
1 min
PLI Outlay for FY26 at ₹19,500 Crore, Up 76%
THE DISBURSEMENT OF incentives under the production Linked Incentive (PLI) scheme is expected to almost double in the next financial year from the payouts for the current financial year and the sectors that will lead the pack with maximum share would be electronics, auto and pharma.
1 min
Industry expects 10% rise in ad spends in H1FY26
WHILE THERE WERE no direct incentives in the Budget for the advertising and media industry in terms of GST relief or easing the content creation process, the industry is expecting a 10% increase in the overall ad expenditure in the first half of FY26, thanks to the expected surge in discretionary spending.
2 mins
AI mission to take off with fresh allocation
No provision made for semiconductor 2.0 scheme
3 mins
New tax sops: Selling health, life policies may get tougher
INSURERS COULD FIND it hard to sell life and health insurance policies, as the enhanced benefits under the new income tax regime reduce their appeal, particularly for those investing for tax-saving purposes.
1 min
Second SWAMIH Fund may find fewer takers as property sales remain robust
THE SECOND SPECIAL Window for Affordable and Mid-Income Housing (SWAMIH) Fund could find less takers than the first one, given the buoyancy in property sales, say lenders, developers and consultants.
2 mins
Limiting carrying forward of losses a 'double-edged sword'
THE PROPOSAL IN the Budget to amend the tenure for carrying forward of losses after a merger could be a double-edged sword, according to M&A (mergers & acquisitions) and tax experts.
2 mins
Sector- and stock-specific actions likely: Analysts
Though the benchmark indices ended flat during the special session held on the Budget day, the impact of the announcements made by the finance minister will be visible during this week.
1 min
Govt may borrow more via long-term bonds
Rising interest from pension funds and insurers, say experts
1 min
Tax Incentives Expected To Lift Bank Deposits
BANKS ARE EXPECTED to gain from the income-tax incentives announced in the Budget, as the resultant rise in disposable income is expected to bolster current account savings account (CASA) deposits.
2 mins
Opting for a rented place may be better
Check your final tax liability to make the right choice
1 min
Additional tax may impact voluntary updated returns
Late voluntary disclosures now come at a hefty price
2 mins
Tough to evade taxes on crypto income now
I-T dept will gather third-party data on it, says Neetu Brahma
1 min
You still need EPF, NPS, insurance
Don't ditch these just because tax incentives are gone
3 mins
India Is Slashing Taxes. It Must Now Cut Red Tape
The Indian middle class, and even some of its top 10% earners, are now fully exempt from income taxes.
3 mins
Elephants in the room
Budget done, markets are now looking at monetary policy, earnings and Trump's tariff tantrums
2 mins
Is this finally the iPhone moment for small SUVs?
Launched on the Budget Day, but it isn't a budget car
2 mins
Growth trigger
TAX RELIEF OF up to ₹12 lakh isn't just a policy shift—it's a direct trigger for higher consumer spending.
1 min
Forging a stronger link
New guidelines will help grow trust and engagement
3 mins
Innovation time
WHILE THERE WERE no direct incentives for the industry in terms of GST reliefs or easing the content creation process, a significant boost for the sector stems from the considerable reduction in income tax slabs.
1 min
A deeper impact with deeptech
IT WAS INEVITABLE and it was necessary. At a time when the world's superpowers wage an AI war, the DeepSeek announcement came as a real shocker to India, despite its massive talent pool, burgeoning tech sector and growing digital ecosystem.
3 mins
A string of boosters for the tech sector
A clear intent to anchor India as a global R&D hub
2 mins
Trump triggers tariff wars
PRIME MINISTER BENJAMIN Netanyahu left Israel on Sunday for a meeting with US President Donald Trump that he hopes will reset relations with Washington after tensions with the previous administration over the Gaza war.
2 mins
Quality of capex has improved
EXPLAINING THE THOUGHT that went behind the big announcement, Sitharaman said the tax cuts were in the works for some time.
2 mins
FMCG firms
In Mumbai, for instance, where public transport is common, the minimum auto and cab fares have been raised by ₹3 each beginning Saturday, which is expected to hurt the middle class.
1 min
Musk team now has access to US' payment system
SYSTEM SENDS OUT OVER $6 TRN PER YEAR
2 mins
Netanyahu Heads to US to Meet Trump
PRIME MINISTER BENJAMIN Netanyahu left Israel on Sunday for a meeting with US President Donald Trump that he hopes will reset relations with Washington after tensions with the previous administration over the Gaza war.
1 min
Time ripe for rate cut, says fin secy
\"Were the outside situation favourable, it would have shown in export momentum, but that's not the case...we're a labour surplus economy, we could have boosted production, but that's not happening.\"
1 min
Setting new benchmark for inclusive development
AMIDST RISING GLOBAL protectionism that challenges international trade, the finance minister's eighth Budget reaffirms India's commitment to play a dominant role on the world stage through forward-looking economic policy changes, while aligning to the previous glide path on fiscal deficit.
2 mins
Key takeaways: Job creation in agri and MSME in focus
THE UNION BUDGET presented by finance minister Nirmala Sitharaman is fiscally prudent, prioritises consumption, provides for capex, and focuses on job creation—much-needed elements for Viksit Bharat.
2 mins
Reliance brings Shein back to India after ban
Deliveries will initially be limited to a few cities, including New Delhi and Mumbai
1 min
Panel to look into production issues: Goyal
A committee will be set up under the national manufacturing mission to get into the details on issues like cutting cost of doing business; preparing future-ready workforce; and availability of technology to further promote Make in India initiative, Commerce and Industry Minister Piyush Goyal has said.
1 min
Vedanta demerger to broaden investor base, says Agarwal
THE DEMERGER OF Vedanta Limited into four separate entities will broaden the conglomerate's investor base, and allow new investors to choose from the new entities and the sectors they represent, chairman Anil Agarwal said in a note to shareholders.
1 min
Volkswagen sues India to quash $1.4-bn tax demand, filing shows
AUTHORITIES CLAIM VW IMPORTED ENTIRE CAR IN UNASSEMBLED CONDITION
1 min
Take-off time at Axis Bank
CEO CHAUDHRY HAS BUILT A STRONG PLATFORM
4 mins
India beat England by 150 runs, bag series 4-1
IRRESISTIBLE ABHISHEK SHARMA toppled records en route a 54-ball 135, the second-fastest century and the highest score by an Indian batter in T20Is, as the hosts crushed a feeble England by 150 runs in the 5th T20I to take the series 4-1 here on Sunday.
1 min
Financial Express Ahmedabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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