Speaking at a post-budget interaction with industry leaders, Revenue Secretary Sanjay Malhotra said on Thursday that the government is working on a revised direct tax code, which will be released in six months for wider consultations.
Amid concerns over the correction in the stock market due to the increase in capital gains tax on shares, Finance Secretary TV Somanathan on Thursday asserted that the fall in the stock market is not a cause of concern for the government.
Delhi NCR [India], July 25: Finance Minister Nirmala Sitharaman announced India's Union Budget for 2024-25, focusing on employment, skill development, support for MSMEs, and the middle class. This pivotal moment for India's fiscal policy outlined the government's financial roadmap, with all
Karnataka Deputy Chief Minister D K Shivakumar on Thursday said that the government would soon release a list of Muda sites illegally allotted by the previous Bharatiya Janata Party (BJP) government.
The government of Punjab and Haryana must re-purpose their subsidy policy towards rice and wheat farmers to diversify the crop pattern in these green revolution states, which are under deep stress, recommended Indian Council for Research on International Economic Relations (ICRIER) in a repo
The Government considers the next decade as 'India Techade'. Over the last 9 years, India has become a pre-eminent nation in developing technologies for the benefit and transforming the lives of its citizens.
"No company will be forced into the internship programme as announced in the budget. The government will provide money for internships, while companies will bear the cost of training the interns through corporate social responsibility (CSR)," government sources told ANI.
Mumbai (Maharashtra) [India], July 24: The 2024-25 Union Budget has emphasized on a comprehensive roadmap towards achieving 'Viksit Bharat' by focusing on critical sectors like agriculture, employment, skilling, and MSMEs. Key initiatives include promoting vegetable production through cooper
The government is conducting a pilot study on two national highways for toll collection through a Global Navigation Satellite System (GNSS), Union Minister Nitin Gadkari said in a written reply in the Rajya Sabha on Wednesday.
Indian markets closed on a decline on Thursday, a day after the government proposed an increase in capital gains tax and a hike in the Securities Transaction Tax for F&O transactions in the Union Budget
The real estate sector has cautioned the government that the proposal to remove indexation benefits for long-term capital gains in real estate will hurt the growth of the sector.
Siddharth Mody, Partner at JSA Advocates and Solicitors, lauded the initiative, noting its potential impact on the industry, said, "The announcement of a Rs 1,000 crore venture capital fund dedicated to the space economy marks a significant commitment by the government to advance India's bur