‘Inflation under control’ is the best part of Indian economy at present, believe 34% of ET Budget survey respondents

As Nirmala Sitharaman gears up to present the Budget, scheduled for July 23, let’s have a look at what the Budget Survey by ET Online said about the good, the bad, and the ugly of the Indian economy at the moment. The good, surprisingly, is that ‘inflation is under control’, the bad part is the … Read more

FADA vehicle depreciation: FADA seeks vehicle depreciation benefits for income tax payers in Budget 2024

Automotive dealers body FADA on Friday urged the government to introduce vehicle depreciation benefits for individual taxpayers, saying it will not only expand the taxpayer base but also ignite automobile demand. In its pre-budget wishlist, the Federation of Automobile Dealers Associations (FADA) also asked the finance ministry to reduce corporate tax for LLPs, proprietary, and … Read more

Commercial vehicle sales surpass expectations, indicating strong economic activity

Sales of commercial vehicles – a barometer of economic activity – surpassed expectations last quarter driven by strong replacement demand and continued government spending on infrastructure. As per industry estimates, more than 234,000 trucks and buses were sold in the local market in the three months ended June, a 4.5% rise from 224,000 vehicles sold … Read more

Will Budget 2024 pivot to populism? Here’s what Goldman Sachs analysts predict

Despite growing concerns in the investor community that coalition politics might force Finance Minister Nirmala Sitharaman to relax the fiscal consolidation path and pivot towards welfare spending from capex, global brokerage firm Goldman Sachs is expecting the contrary. “We expect the general government to stick to the announced fiscal deficit target of 5.1% of GDP … Read more

Budget 2024: Tariffs, duties & nuisance tax – Here’s what electronics industry wants from FM Nirmala Sitharaman

The electronics industry wants Finance Minister Nirmala Sitharaman to reduce the number of tariff lines and streamline the duty structure for sub-assemblies and input parts, along with removing nuisance tariffs of 2.5% on some parts in the upcoming budget The India Cellular & Electronics Association has demanded that the government consolidate the tariff lines into … Read more

Outlay for export tax remission plans unlikely to change in Budget

New Delhi: The government is unlikely to raise the allocation for its key tax remission schemes for exporters in the full budget for 2024-25 amid demand for increased support from the exporting community, senior officials said. In the interim budget presented in February, the government earmarked ₹16,575 crore for the Remission of Duties and Taxes … Read more

jobs india: ‘Unemployment is not a problem’: Arvind Panagariya’s prescription to FM Nirmala Sitharaman ahead of Budget

Finance Commission Chairman Arvind Panagariya believes India’s main challenge isn’t creating jobs but reallocating capital to more labor-intensive sectors. Too much capital is tied up in industries that don’t hire many workers, he said. “The problem lies in the industry’s composition, especially manufacturing,” Panagariya told NDTV in an interview. The lack of jobs was the … Read more

India’s $6 trillion derivatives frenzy has government worried

The surge in Indian equity derivatives that’s driven up volumes to the highest in the world is spurring concern among the nation’s policymakers that the frenzy may hurt efforts to harness household savings for productive purposes. Finance Minister Nirmala Sitharaman and Chief Economic Advisor V. Anantha Nageswaran sounded caution in recent days about growing retail … Read more

risk mitigation: Trading journal is the most underrated risk mitigation technique. Here’s a 5-step guide

This week Finance Minister Nirmala Sitharaman was addressing brokers in BSE. She appealed to the exchanges to maintain stability and mitigate systemic risk to protect the retail investor. The regulators have done a fantastic job of protecting the investors. But the onus shouldn’t be theirs alone. As a responsible individual, you too must do a … Read more

Nirmala Sitharaman: India’s consumer market likely to double by 2031: FM Nirmala Sitharaman

The Finance Minister on Friday at the CII Business Summit projected that the Indian consumer market is poised to double by 2031. Additionally, India is expected to contribute 18% to global growth in the next five years. Emphasising the strength of India’s growth narrative, the FM stated that it is compelling. Furthermore, the Finance Minister … Read more