ITC Share Price Rises 10% After Budget
ITC shares took centre stage after the Budget when the government announced an increase in the National Calamity Contingency Duty (NCCD) on cigarettes after a...
Tag : finance minister Nirmala Sitharaman
Union Budget 2023: 20% TCS on Foreign Remittance Transactions
Finance Minister Nirmala Sitharaman has increased the tax at source (TCS) rate on foreign remittances under the Liberalised Remittance Scheme (LRS) from 5% to 20%....
Union Budget 2023: Rs 12,544 Crore Allocated for Space
Finance Minister Nirmala Sitharaman on Wednesday allocated nearly Rs 12,544 crore to the Department of Space as India plans to launch a manned space mission...
Union Budget 2023: Gaming Industry Welcomes TDS Changes, Awaits Clarity on GST
In Union Budget 2023, Finance Minister Nirmala Sitharaman announced a 30% tax on “net winnings” from online games. To further clarify the tax policy, she...
Union Budget 2023: Govt to Levy Tax on Insurance Policies with Premium Above Rs 5 Lakh
Finance Minister Nirmala Sitharaman said on Wednesday that the government will now levy the tax on insurance policies issued on or after April 1, 2023,...
Union Budget 2023: FM Announces New Investment Scheme for Women
Finance Minister Nirmala Sitharaman announced a one-time small savings scheme for women on February 1. The scheme will be called “Mahila Samman Savings Certificate” and...
Union Budget 2023: Defence Stocks Tumble as Defence Sector Doesn’t Get Much Boost
Opposite to expectations, there were no significant announcements for the defence sector in the 2023-24 union budget. While the Ministry of Defence received the highest...
Union Budget 2023: 39,000 Compliances Reduced for Ease of Doing Business
To enhance the ease of doing business, over 39,000 compliances have been reduced, and over 3,400 legal provisions with criminal implications have been diluted, Finance...
Union Budget 2023: Ayushman Bharat Allocated Rs 7,200 Crore
Finance Minister Nirmala Sitharaman, in her Budget 2023-24, increased the allocation for Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to Rs 7,200 crore, while that...
Union Budget 2023: Key Changes in Income Tax Regime
Finance Minister Nirmala Sitharaman’s budget introduced several changes to income tax. The changes are “mainly for the hard-working middle class,” she said. Currently, those earning...