Financial Express Chennai - February 02, 2025
Financial Express Chennai - February 02, 2025
Go Unlimited with Magzter GOLD
Read Financial Express Chennai along with 9,000+ other magazines & newspapers with just one subscription View catalog
1 Month $14.99
1 Year$149.99 $74.99
$6/month
Subscribe only to Financial Express Chennai
1 Year $15.99
Buy this issue $0.99
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
Big Incentives for Property Owners
Zero tax on two self-occupied houses, TDS threshold on rent increased by 150%
2 mins
Good politics can also be good economics
Contrary to the popular belief, the Budget has demonstrated that good politics can also be good economics!
2 mins
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
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
I-T Key Driver as Tax Revenue Growth Dips
Despite cut, PIT projected to rise 14.4%
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
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
At ₹11.2 lakh crore, capex remains flat
Monetisation 2.0 aims ₹10L cr capital plough-back
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 firefighting 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
10% Higher Target for Non-Tax Revenue
The government expects 9.7% year-on-year growth in non-tax revenue (NTR) to ₹5.83 lakh crore next financial year, expecting higher dividend payout from the Reserve Bank of India, state-run companies and financial institutions.
1 min
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 the manufacturing sector, the Budget has announced setting up a national manufacturing mission that will cover small, medium, and large industries.
1 min
A fillip to consumer demand
Accelerating manufacturing growth and employment creation, which will undoubtedly be helped to an extent by the Budget, also needs a review of GST rates
2 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
The jury is out as to whether in the net analysis the flat infra spend will lead to a slowing of GDP growth compared to earlier years
2 mins
The Audacity Of Dreams
There are pivotal moments every decade or two that become defining for a nation. This Budget is one such
3 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
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
A big step towards Viksit Bharat
The Union Budget FY26 sets a bold vision for India's economic future with a focus on inclusive growth, manufacturing, and global trade.
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
GROSS GST REVENUE rose 12.3% to ₹1.96 lakh crore in January on higher domestic economic activity, government data showed on Saturday.
1 min
WeWork India Management Files IPO Papers With Sebi
Premium Flexible Workspace
1 min
Passenger vehicle sales grow 3% in Jan to 3.57L units
SEVEN OF INDIA'S top passenger vehicle makers controlling 95% of the domestic market posted a 3.3% year-on-year (y-o-y) increase in wholesale volumes in January to 3.57 lakh as pressure on retail demand grew following price hikes.
1 min
Mumbai region sees 12% rise in property registrations in Jan
STRONG DEMAND
1 min
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
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
Trump, Nvidia CEO Discuss DeepSeek, AI Chip Exports
MEETING COMES AFTER NEW CHINESE AI MODEL SPARKS CONCERN
2 mins
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
Arab nations reject Trump's call to relocate Palestinians
Powerful Arab nations on Saturday rejected US President Donald Trump's suggestion to relocate Palestinians from Gaza to neighboring Egypt and Jordan.
1 min
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
Historic milestone on road to success: Modi on Budget
PRIME MINISTER NARENDRA Modi on Saturday lauded the Union Budget as a \"people's budget\" that fulfils the dreams of every Indian and said that it is a \"force-multiplier\" that will boost consumption, investment and growth.
1 min
Financial Express Chennai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
The Financial Express brings the latest and breaking business news from Markets and Industries in India.
The Financial Express is the best source of information on Business, Finance, Stock Markets, Equity market, Economy, companies and Industries.
Subascribe and stay updated with business & market latest news and analysis report of Financial Markets, Economy and Businesses.
Cancel Anytime [ No Commitments ]
Digital Only
