BUDGET 2024 JULY 23
DA likely to be hiked by 3% for central govt employees, pensioners from July 2024; how much will salary increase, when will you get it?
DA Hike Calculation: Central government employees and pensioners are expecting a Dearness Allowance (DA) or Dearness Relief (DR)hike soon. The Union government revises the DA twice a year, in January and July. The DA is calculated based on the Consumer Price Index for Industrial Workers (CPI-IW). An increase will benefit thousands of central government employers. With the upcoming DA hike, how much will the salary of central government employees increase? Check full calculation here
Gem, jewellery exports drop 23.28 pc to $1,665.4 million in July: GJEPC
In July, gem and jewellery exports fell by 21.93% to USD 1,665.4 million, mainly due to decreased demand from key markets like the US and China. Despite this downturn, the India International Jewellery Show 2024 generated business worth USD 12 billion, showcasing increased interest in gold jewellery.
No indexation for LTCG tax on property bought after July 23, 2024, is unfair; Will deter long term investment: View
The amendment tabled in the finance bill is a welcome move as it will provide an option to choose between LTCG tax of 20% with indexation or 12.5% without indexation for property. It would encourage honest tax payment, long-term investment and fair play. However, removal of indexation benefit for properties bought after July 23, 2024 and other Long Term Assets classes must be revisited. Here's why.
Domestic PV wholesales dip 2.3% at 3,41,510 units in July: SIAM
Passenger vehicle wholesales in India fell 2.3% year-on-year to 3,41,510 units in July, while two-wheeler sales grew 12.5% to 14,41,694 units. Three-wheeler wholesales also increased by 5.1% to 59,073 units, according to the Society of Indian Automobile Manufacturers (SIAM).
Mutual fund SIP inflows surge 10% to surpass Rs 23,000 crore for the first time
Even as equity mutual fund (MF) inflows fell by 9% in July, SIP inflows surged 10%, crossing the Rs 23,000 crore mark for the first time. Latest AMFI data reveals that monthly SIPs increased from Rs 21,262 crore in June to Rs 23,332 crore in July.
Parliament completes budget exercise for fiscal 2024-25
On Thursday, the Rajya Sabha completed the parliamentary approval for the Budget 2024-25 by returning the Appropriation Bill, Finance Bill, and Jammu and Kashmir Appropriation Bill to the Lok Sabha. Finance Minister Nirmala Sitharaman defended the Budget in her reply, highlighting its focus on investments, job creation, growth, and fiscal consolidation.
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Top 10 mutual funds to invest in July 2024
An online search would mostly take you to some websites with ready-made lists. Most often, the schemes may be shortlisted on the basis of their short-term performance. Sometimes, the schemes from a single category may dominate the list because that category happens to be the flavour of the season.
New capital gains tax rules on property: Can you add stamp duty, home loan interest amount to property cost to lower LTCG tax?
Budget 2024 has reduced the tax on long-term capital gains arising on the sale of immovable property from 20% to 12.5%, without indexation. Taxpayers took to social media platforms to voice their concerns on how property prices will be calculated to determine long-term capital gains following Budget 2024. Does the Finance Act, 2024, amend the rule to calculate the property's base price? Can you add stamp duty, home loan interest amount to your property's cost while calculating capital gains during sale now? All your queries on new capital gains rules on property answered.
Q1 results today: Adani Total Gas, Adani Wilmar among 95 companies to announce earnings on Monday
Q1 Results Today 29 July 2024: Apollo Pipes, ASK Automotive, Bharat Electronics, Colgate Palmolive, CSB Bank, Elnet Technologies, Fredun Pharmaceuticals, Ideaforge Technologies, Indian Bank, NDTV, Pfizer India, Whirlpool, Wonderla Holidays among others will announce their quarterly results. | Latest Updates
Best gilt mutual funds to invest in July 2024
Gilt funds are debt mutual funds that invest in government-securities or G-secs. As per Sebi norms, these schemes must invest 80% of their corpus in government securities. As you see, these schemes invest in government papers or they lend to the government. Therefore, they don’t have any credit risk or they face zero defaults. However, they are extremely sensitive to interest rate changes.
"Raw deal in budget": Karnataka to boycott July 27 Niti Aayog meet to be chaired by PM
While the CM posted the decision in a post on X, Deputy CM DK Shivakumar defended the decision, on Thursday, saying there was no point in attending the NITI Aayog meeting when it lacked “neeti” (fairness).
Budget 2o24: What's cheaper and what's costlier? Here's the list
Union Budget 2024 Cheaper Costlier List: Finance Minister Nirmala Sitharaman announced customs duty cuts on gold, silver, platinum, and other items. Key changes include reduced duties on mobiles, cancer drugs, and certain minerals, while telecom equipment and plastic products will cost more. The new tax regime will increase the standard deduction for salaried employees and raise capital gains exemptions for some assets.
Defence Budget 2024: FM Nirmala Sitharaman retains budget allocation at Rs 6.21 lakh crore
Defence Budget 2024: India's defence budget for FY25 is set at Rs 6.21 lakh crore, with a focus on capital outlay, domestic procurement, and border infrastructure. With a maintained allocation from the interim budget, the allocation remains the highest among ministries and constitutes nearly 13% of the government's total expenditure. The budget also highlights economic growth and job creation, with a significant allocation aimed at fostering employment and supporting the middle class.
Budget 2024 Decoded: Your 2 minute guide to become a budget pro
Budget Decoded: Finance Minister Nirmala announced a host of steps for the economy, companies, markets and taxpayers in the Budget 2024. Here is cutting through copious numbers and budget jargon to give you a true sense of what this budget was all about.
Budget 2024-25: Watch video of President Droupadi Murmu giving 'dahi cheeni' blessings to Nirmala Sitharaman
Sitharaman is set to present the Union Budget 2024 in Parliament today, marking her seventh consecutive budget, surpassing Morarji Desai's record of six consecutive budgets. This budget is expected to focus on changes to the income tax structure and improving the ease of doing business in India.
F&O stocks to buy on Budget 2024 Day: SBI, RIL among top stocks for 23 July 2024
Indian market’s volatility expected on Budget 2024 day. Nifty future down 0.05% to 24,517; India VIX up 4.18% to 15.44. Max Call OI at 25,500, Put OI at 24,000. Range predicted 24,200-25,000. Nifty Bank positive at 52,280. Taparia advises 24,500 support for upward trends. Experts recommend SBI, Reliance, Dabur for F&O and cash market.
Budget 2024: Economic Survey to be presented on July 22, a day before Budget
Budget 2024: Finance Minister Nirmala Sitharaman is set to present the Union Budget for a record seventh time. The Economic Survey will be tabled on July 22, followed by the Budget on July 23. The budget is expected to address unemployment and other economic challenges, with a focus on combatting inflation and boosting growth.
Budget 2024: Job creation, other booster shots likely for fitter economy
Budget 2024: The upcoming budget is set to energize the economy through targeted interventions in job creation, rural areas, MSMEs, and technology. The focus remains on fiscal consolidation while enhancing support for infrastructure and high-tech sectors. Expect simplification of tax procedures and measures to boost foreign investments.
Monsoon Parliament Session: Budget, Economic Survey, six bills and more to lead a stormy session starting July 22
Starting July 22, the Monsoon Session will address the Economic Survey, Union Budget, and key bills including the Aircraft Act replacement. Finance Minister Sitharaman will present the budget. Topics include NEET leaks, railway safety, J&K budget. Meetings with leaders address Odisha's special status requests and disruption concerns. The UP government’s order and TMC's absence were noted.
Budget 2024: Propelling India's startup revolution will be a key Budget expectation
Budget expectations: As the Union Budget 2024 nears, Indian startups await pivotal reforms. Finance Minister Nirmala Sitharaman announced a tax holiday extension till March 31, 2025, aiming to boost entrepreneurship. The budget may focus on tax relief, regulatory ease, funding solutions, and support for emerging sectors. Stakeholders anticipate measures to propel growth and address challenges in the vibrant startup ecosystem.
Amazon Prime Video: Movies and shows streaming in July 2024
In July, Amazon Prime Video adds exciting new originals. Highlights include a determined astronaut trainee, a relatable comedy special, a dramatic divorce story, a spy adventure in Italy, a sequel about family dynamics, and a thrilling detective investigation.
Amazon Prime Day 2024: Get exciting deals on Samsung Galaxy S23 Ultra 5G AI smartphone, iPhone 13
Amazon India today launched deals and new launches for Prime Day 2024 event to take place on July 20 and 21.
Union Budget consultations done, Sitharaman set to announce measures and reforms on July 23
Budget expectations: Finance Minister Nirmala Sitharaman completed pre-Budget consultations with diverse stakeholders, setting the stage for presenting her seventh Union Budget on July 23. This first full budget of Modi's third term aims to steer India towards becoming a developed nation by 2047. President Murmu hinted at significant economic reforms ahead.
Budget 2024: Finance Minister Nirmala Sitharaman to present Union Budget on July 23
Budget 2024: Prime Minister Narendra Modi's government will present its first budget of the third term on July 23, following the Economic Survey for 2023-24 on July 22. Finance Minister Nirmala Sitharaman will lead the budget presentation the next day, with the session concluding on August 12. The government aims to continue its policy direction and reforms, focusing on fiscal consolidation, amid expectations of potential populist measures ahead of state elections.
Budget 2024 date: Finance Minister Nirmala Sitharaman to present Union Budget in Lok Sabha on July 23
Budget 2024 date: Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget, which will outline the roadmap for Modi 3.0, in the Lok Sabha on July 23. The Parliamentary session dedicated to the Budget will commence on July 22 and extend until August 22.
July 2024 Horoscope, Zodiac Sign: Check predictions for July 1 to July 7
July astrology predictions and horoscope details are out for all zodiac signs -- Aries, Taurus, Gemini, Cancer, Leo, Virgo, Libra, Scorpio, Sagittarius, Capricorn, Aquarius, and Pisces.
Next parliament session likely to start from July 22
The next session, which will include the budget presentation, is expected to begin on July 22. After the special session ended, Parliamentary Affairs Minister Kiren Rijiju criticized the Congress-led INDIA bloc for disrupting the PM's speeches in both Houses of Parliament. He stated that despite being given ample time to raise their issues during the debate on the motion of thanks to the President's address, the Opposition chose to interrupt the PM's reply.
ET Graphics: What India Inc expects from Nirmala Sitharaman in July's full Budget
Budget expectations: Finance Minister Nirmala Sitharaman is set to initiate consultations starting Wednesday for the upcoming full budget of the new government, scheduled for presentation in July. India Inc has proposed a series of reforms, including medium-term measures, aimed at propelling the economy towards higher growth, fostering employment generation, stimulating private investments, and ensuring macroeconomic stability.
India likely to present Budget on July 22
Budget 2024: Sources informed ET that the Union Budget 2024 is expected to be presented on July 22. The primary policy priorities will include addressing challenges in the agriculture sector, generating employment, maintaining the momentum of capital expenditure, and boosting revenue growth to stay on the fiscal consolidation path. Additionally, the government aims to simplify GST and reduce tax compliance burdens.
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