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Tune in to the day's newsletter to learn more about the Union Budget's 5-year sectoral plan in alignment with Viksit Bharat, a possible record outlay for MGNREGA, Zoho's new consumer payments app, lifetime trustees at Tata Trusts, the pre-IPO advisory boom and OpenAI's plan to keep users within its ecosystem.
The rise of Gold ETFs in India: Discussing how physical gold held by these funds nearly doubled from 27 tonnes to 55 tonnes by October 2024, and how domestic Gold ETFs attracted ₹12,450 crores in net inflows over 21 months.Defining Gold ETFs: Explaining that they allow ownership of gold without needing a vault, slicing gold bars into digital units that trade like shares.• Drivers of the migration: Highlighting the tax-friendly nudge introduced in the 2024 Union Budget, which slashed the long-term capital gains holding period from 36 months to 12 months, resulting in gains being taxed at a flat 12.5%. Other factors include the scarcity of new Sovereign Gold Bond (SGB) issues and increased allocation by multi-asset funds in India.• The drawbacks: Addressing challenges such as liquidity, tracking error (the gap between the ETF's performance and gold prices), and recurring costs like the expense ratio, brokerage fees, and transaction costs.• The strategy: Concluding that Gold ETFs should be viewed as a tool requiring balance and strategy in an investment toolkit, rather than a hero or a villain
This is the Catchup on 3 Things by The Indian Express and I'm Flora Swain.Today is the 25th of March and here are the headlines.Finance Minister Nirmala Sitharaman's Budget 2025-26 ReplyIn her reply to the Finance Bill debate, Finance Minister Nirmala Sitharaman highlighted that the 2025-26 Union Budget offers "unprecedented tax relief" to honor taxpayers and aims to boost domestic production and enhance export competitiveness. She emphasized the introduction of provisions and reforms via the Finance Bill, hoping for their discussion in the upcoming Monsoon session. Sitharaman also noted that the new Income Tax Bill will be taken up for detailed discussion during Parliament's next Monsoon session.Mumbai Police Summon Comedian Kunal Kamra Over Eknath Shinde RemarksAmid controversy over comedian Kunal Kamra's remarks about Maharashtra Deputy CM Eknath Shinde, Mumbai police have summoned Kamra for questioning. The remarks, calling Shinde a ‘traitor' during a stand-up show, sparked public debate. Kamra, who lives in Puducherry, has been asked to appear before the Khar police by 11 am Tuesday. In response, Shinde acknowledged the importance of freedom of expression but stressed that satire should have its limits. Shiv Sena workers also vandalized the Mumbai studio where Kamra performed.Delhi CM Rekha Gupta Unveils BJP's First Budget in 26 YearsOn Tuesday, Delhi Chief Minister Rekha Gupta presented the BJP's first budget for the national capital in 26 years. With a record allocation of ₹1 lakh crore for 2025-26, the budget reflects a 31.5% increase over the previous year. Gupta focused on key areas like infrastructure, roads, water, and electricity, aiming to transform Delhi into a "Viksit Delhi." Criticizing the AAP government's record, she promised modern expressways and congestion-free corridors, vowing to reshape Delhi's infrastructure.Second Body Found in SLBC Tunnel Collapse in TelanganaRescue teams on Tuesday recovered a second body from the site of the SLBC tunnel collapse in Telangana's Nagarkurnool district. The body was found 50 meters from the original collapse site, where eight workers were trapped on February 22. One body was recovered on March 9, identified as Gurpreet Singh from Punjab. The Telangana government had decided to continue search operations, leading to the discovery of the second body the following day, though the identity remains unknown.Journalist Accidentally Added to US Military Strike Chat on SignalIn a major security breach, journalist Jeffrey Goldberg, editor-in-chief of The Atlantic, was accidentally added to a private Signal chat about secret US military plans targeting the Houthi rebels in Yemen. The chat included senior Trump administration officials, such as Vice President JD Vance and Defense Secretary Pete Hegseth, discussing classified operations. Although Signal is encrypted, it's not approved for sharing sensitive government information. Goldberg deleted the sensitive material, but the incident raised questions about security and accountability in government communications.That's all for the today. This was the CatchuUp on 3 Things by The Indian Express.
A budget reflects the government's priorities. The union finance minister presented the budget a few days back. Given the role of research and development (R&D) in fostering innovation and driving economic growth, it is worth exploring the union budget provisions to facilitate R&D in India - What does the government's R&D spending look like? What about prominent policies like the Anusandhan National Research Foundation or One Nation, One Subscription? How will the Finance Minister's announcement of a ₹20,000 crore loan to private sector research play out? Sarthak Pradhan and Shambhavi Naik dive into these questions in this episode of All Things Policy.The PGP is a comprehensive 48-week hybrid programme tailored for those aiming to delve deep into the theoretical and practical aspects of public policy. This multidisciplinary course offers a broad and in-depth range of modules, ensuring students get a well-rounded learning experience. The curriculum is delivered online, punctuated with in-person workshops across India.https://school.takshashila.org.in/pgpAll Things Policy is a daily podcast on public policy brought to you by the Takshashila Institution, Bengaluru.Find out more on our research and other work here: https://takshashila.org.in/...Check out our public policy courses here: https://school.takshashila.org.in
By leveraging the initiatives proposed under the 2025 Union Budget, India can begin to embed itself more strategically and widely in the global clean energy market.
Ahead of the Budget, there was an expectation that the government would provide some relief for the middle class, and Finance Minister Nirmala Sitharaman delivered. In her budget speech, she announced that there would be no income tax for incomes up to ₹12 lakh. Of course, this stole the show, but it wasn't the ONLY big news. The Union Budget 2025 had several schemes, tax reforms and initiatives to improve infrastructure, ease of doing business, and financial inclusion. Guest: Prof. Bhagwan Das, Associate Professor and Head of the Department of Economics of Loyola College, Chennai. Host: Nivedita V Edited by Sharmada Venkatasubramanian.
This is the Catchup on 3 Things by The Indian Express and I'm Flora Swain.Today is the 11th of February and here are the headlines.Prime Minister Narendra Modi, co-chairing the Artificial Intelligence (AI) Action Summit in Paris, highlighted AI's transformative potential and called for global governance to address its challenges. He stressed that AI is “writing the code for humanity in the 21st century,” acknowledging both its immense promise and inherent biases. Modi urged collective global efforts to shape AI's future and promote innovation while tackling risks. He emphasized the need for global collaboration to ensure AI benefits humanity and upholds shared values.The Mumbai police have contacted podcaster Ranveer Allahbadia and YouTuber Samay Raina for an inquiry regarding controversial remarks made by Allahbadia during Raina's 'India's Got Latent' show. Allahbadia, known for his BeerBiceps channel, made a joke that sparked nationwide controversy after the video went viral on social media. The remarks, widely criticized as insensitive and vulgar, led to backlash from viewers. The Mumbai police confirmed they are investigating the incident, and Allahbadia, along with other guests, is being questioned regarding the matter.Samajwadi Party chief Akhilesh Yadav criticized the latest Union Budget, claiming it is designed to benefit the wealthy, including industrialists. Addressing the Lok Sabha, Yadav stated that the budget's focus is on the rich, rather than on creating a roadmap for India's development. He expressed concerns over the lack of a long-term vision for the country's growth, adding that recent budget announcements seem tailored to elites rather than addressing the needs of the general population. He criticized the budget's priorities and questioned its impact on India's future.The Indian stock market took a hit on Tuesday, with the Sensex dropping over 1,000 points and Nifty falling by 1.3% amid concerns over Donald Trump's tariff announcements and weak corporate earnings. The Sensex was trading at 76,259, down 1,047 points, while Nifty50 was down by 303.5 points, trading at 23,078. Trump raised tariffs on steel and aluminum imports to 25% and announced plans for reciprocal levies on several countries, shaking market sentiment and triggering a decline on Dalal Street.Following a directive from the Ministry of Home Affairs, India's top security agencies have compiled a list of 12 gangsters based in the United States. Sources reveal that this list may be shared with U.S. authorities during Prime Minister Modi's upcoming visit to the U.S. The list includes notorious criminals like Anmol Bishnoi and Goldy Brar. While central agencies have long tracked criminals abroad, the recent directive focuses specifically on gangsters based in the U.S., aiming to address their legal status and facilitate international cooperation.This was the Catch Up on 3 Things by the Indian Express.
The Union Budget released last week shows a continued focus on fiscal prudence, but tries to balance it with consumption and growth. They rely on cutting expenditure, yet capital expenditure outlay is non-trivial. Watch Economist Radhika Pandey @Radhikaskp and correspondent Akanksha Mishra analyse in ThePrint #MacroSutra. --------------------------------------------------------------------------------------------- 00:49 Will tax cuts boost consumption? 03:55 Are tax revenues for FY25-26 realistic? 07:30 Strategy for disinvestment vs dividends 11:25 Capex outlay is 'non-trivial' 15:30 Revenue expenditure to go down 17:00 Debt-to-GDP ratio as fiscal deficit target 18:47 Will indirect taxes be increased?
On Saturday, Finance Minister Nirmala Sitharaman presented the twelfth Union Budget under Prime Minister Narendra Modi's government.This budget came at a time when India has been struggling to achieve its desired growth rate while grappling with challenges like unemployment and rising prices. After introducing reforms such as GST and implementing various ease-of-doing-business measures in the past, the government this time announced an unprecedented tax break for the middle class, hoping it would provide a much-needed boost to the economy.To break down the key takeaways, what this could mean for India's growth story, and other major highlights from the Union Budget, The Indian Express' Udit Misra joins us.Hosted and produced by Shashank BhargavaEdited and mixed by Suresh PawarAdditional help from Ichha Sharma
On Episode 498 of The Core Report, financial journalist Govindraj Ethiraj talks to Kunal Sodhani, Vice President, Shinhan Bank as well as Ajay Rotti Founder and CEO of Tax Compass . SHOW NOTES (00:00) Stories of the Day (00:50) Trump tariff shocks hit Indian markets (04:17) The rupee takes a sharp knock as the dollar surges (13:52) The new oil routes that could kick in on Canada and Mexico tariffs. Could India benefit? (16:21) The Income Tax Department admits it was adversarial earlier but will now move to trust (18:14) Signs of policy consistency and certainty in the Union Budget, including in transfer pricing Register for India Energy Week, Feb 11-14 Listeners! We await your feedback.... The Core and The Core Report is ad supported and FREE for all readers and listeners. Write in to shiva@thecore.in for sponsorships and brand studio requirements For more of our coverage check out thecore.in Join and Interact anonymously on our whatsapp channel Subscribe to our Newsletter Follow us on: Twitter | Instagram | Facebook | Linkedin | Youtube
On this Budget Special of The Core Report, financial journalist Govindraj Ethiraj is joined by Uday Ved, Partner at KNAV & Co, E.N. Dwaraknath, Partner at Price Waterhouse & Co LLP and Ajay Srivastava, Founder of Global Trade Research Initiative to talk about the key takeaways from yesterday's Union Budget. SHOW NOTES (00:00) Introduction (07:16) Tax Changes and Simplification in the Budget (09:53) Draft IT Act bill (11:06) Not enough Future-Proofing (14:20) There is a capital shortage (17:16) we need to address sectors specifically like Steel, Textiles, etc (18:43) Trump Tariffs (20:11) TCS and TDS rates (21:38) The 12 lakh tax limit and the Tax Slabs (24:02) What are the Tax exemptions? (25:32) Simplification of Customs Tax Slabs (27:30) Provisions to Foreign investors for Electronic Manufacturing (29:53) FM is focusing more on the PLI than the tax exemption (31:42) Corporate tax (32:55) How is India competitive globally on Corporate tax and Personal tax (34:18) A perspective on Corporate tax (36:32) Smartphone manufacturing and Uncertain Tariff policy (39:17) Final thoughts - Dwarak Narasimhan (40:16) IFSC (42:52) Clean Energy (44:05) Final Thoughts - Ajay Srivastava (45:22) Final Thoughts - Uday Ved Listeners! We await your feedback.... The Core and The Core Report is ad supported and FREE for all readers and listeners. Write in to shiva@thecore.in for sponsorships and brand studio requirements For more of our coverage check out thecore.in Join and Interact anonymously on our whatsapp channel Subscribe to our Newsletter Follow us on: Twitter | Instagram | Facebook | Linkedin | Youtube
On Episode 497 of The Core Report, financial journalist Govindraj Ethiraj talks to Ashok Bhattacharya, Editorial Director at Business Standard, Jairaj Purandare, Founder and Chairman at JMP Advisors as well as Indrani Bagchi, CEO at Ananta Aspen Centre. SHOW NOTES (00:00) The Take (06:36) Trade wars begin. (09:13) The markets did not get what they wanted from the Union Budget (11:14) A distilled Union Budget view and fine print (27:16) India and China ties are thawing after a freeze, what does this mean in the context of US, India and China equation (33:39) India launches a fresh effort to kick start private participation in nuclear power. The history Register for India Energy Week, Feb 11-14 Listeners! We await your feedback.... The Core and The Core Report is ad supported and FREE for all readers and listeners. Write in to shiva@thecore.in for sponsorships and brand studio requirements For more of our coverage check out thecore.in Join and Interact anonymously on our whatsapp channel Subscribe to our Newsletter Follow us on: Twitter | Instagram | Facebook | Linkedin | Youtube
The government is slowly but steadily, increasing its focus on nuclear energy. India's nuclear power operator NPCIL invited proposals from industry to set up captive small nuclear reactors on December 31, 2024. This invite is in line with Union Finance Minister Nirmala Sitharaman's announcement that the government would support the use of SMRs to increase the share of nuclear power in India's energy basket. While presenting the Union Budget 2024-25 in July last year, Ms. Sitharaman announced that the government would partner with the private sector to develop SMRs. “Nuclear energy is expected to form a significant part of the energy mix for Viksit Bharat. Towards that pursuit, our government will partner with the private sector to set up Bharat Small Modular Reactors and research and develop newer technologies for nuclear energy,” she said. What is NPCIL's proposal? Can these SMRs help India Inc. become greener? Are there any obstacles that can derail the nuclear push? To answer these questions we bring you this episode. Guest: Karthik Ganesan, Fellow and Director — Strategic Partnerships, at CEEW Host: Nivedita V Edited by Jude Francis Weston
In this episode of Market Minutes, host Neeshita Beura unpacks the market's cautious mood as Indian indices hit seven-month lows, weighed down by weak corporate earnings and persistent FII outflows. The episode dives into Wall Street's tech sell-off sparked by China's AI disruption, updates from the Asian markets, and key events like the Fed's rate decision and India's Union Budget. On the domestic front, the focus shifts to quarterly earnings from Tata Steel, Bajaj Auto, and others. In the Voice of the Day segment, Sumit Jain, Deputy CIO at ASK Investment Managers, provides expert insights on market underperformance and tips for retail investors to navigate volatile times. Market Minutes is a morning podcast, putting the spotlight on trending stocks, crucial data points, and evolving market trends.
Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of January 29 -After showing weakness from Friday's highs, the Nifty50 witnessed a sharp sell-off on Monday, closing at a 7-month low. The index managed to hold levels above 22,800 but ended the day 263 points lower at 22,829, with 42 out of 50 stocks closing in the red. -Most heavyweights saw a closing in the red while ICICI Bank ended higher after Q3 earnings. FMCG stocks like HUL and Britannia were among the top Nifty gainers, both rising over 1%. On the other hand, the IT index fell 3%, dragged down by global cues. HCL Tech, Tech Mahindra, and Wipro were the top Nifty losers. -Going ahead, market sentiment remains on the edge as investors brace for Wednesday's Federal Reserve rate decision and accompanying policy guidance. This unease is further fueled by mixed earnings reports, geopolitical tensions, and the impending Union Budget, all of which have contributed to the prevailing uncertainty. -Stocks to watch: Coal India, Tata Steel, Indraprastha Gas, Kaynes Technology India, Piramal Enterprises -Earnings: Bajaj Auto, Hindustan Zinc, Hyundai Motor India, Bharat Heavy Electricals, Cipla, JSW Energy, Suzlon, ideaForge Technology, and TVS Motor Company -Additionally, global developments weighed heavily on Indian markets. The recent launch of DeepSeek, a Chinese AI startup, and former U.S. President Trump's abrupt tariff announcement on Colombia have created fresh headwinds. DeepSeek's emergence as the No. 1 free app on the iOS App Store has intensified concerns, as it positions itself as a free alternative to ChatGPT, which has signaled its intention to shift toward a for-profit model. -Global cues: Most Asian shares dropped following a bruising session on Wall Street caused by fears the valuation of artificial-intelligence companies had become excessive. The MSCI Asia Pacific Index slipped as much as 0.6% with Japan's largest technology firms leading declines. That was after the S&P 500 and Nasdaq 100 both tumbled Monday as a cheap AI model from Chinese startup DeepSeek fueled concern valuations may be hard to justify. Many Asian markets, including China and South Korea, are shut Tuesday for the start of the Lunar New Year holidays. -In commodities, oil steadied — after sinking by nearly 2% on Monday. Brent crude traded near $77 a barrel, while West Texas Intermediate was above $73. -This morning, GIFT Nifty was trading at a premium of nearly 100 points vs Nifty Futures' Monday's close, indicating a gap-up start for the Indian market. Tune in to the Marketbuzz Podcast for more cues
In this episode of Market Minutes, Neeshita breaks down the mixed bag of market cues, from weak corporate earnings dragging Indian indices lower to IT sector optimism driven by AI spending in the U.S. The podcast also explores the global narrative, including Wall Street's pullback, Federal Reserve expectations, and trade policy uncertainties under President Trump. In the Voice of the Day segment, Kranthi Bathini, Equity Strategist at WealthMills Securities Pvt Ltd., shares his insights on the market setup ahead of the Union Budget 2025. Market Minutes is a morning podcast, putting the spotlight on trending stocks, crucial data points, and evolving market trends.
Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top news from around the world ahead of the trading session of January 27 -It'll be a longer trading week as the markets will also remain open on Saturday this time on account of Modi 2.0 government's Union Budget presentation for the 2025-26 fiscal on February 1. -Now, Friday's session marked the third consecutive week of negative returns for the market, a streak not seen in the past three months. The Nifty erased gains from its previous two sessions and ended the week with a 0.48% loss, reflecting the weakening broader trend. -Going ahead, domestic equities are expected to trade within a broad range with some volatility amidst the Q3 result season, unfolding of US President Trump's economic policies and the Union Budget on Saturday. PSU and capex themed stocks such as railway, defence, capital goods will be in focus ahead of the Budget. -Stocks like ICICI Bank, NTPC Green Energy, IDFC First Bank, Yes Bank, Macrotech Developers, DLF, and JK Cement, among others will remain in focus today as these companies declared their December quarter results after market hours on Friday. -Apart from these, shares of Religare Enterprises will also be in focus as global investor Digvijay Gaekwad had made a competing open offer against the Burman Family for 26% stake at ₹275 per share. The Burman Family open offer is at ₹235 per share. Gaekwad has written to the SEBI Chairperson to make the competing open offer. -This morning, GIFT Nifty was trading at a discount of more than 100 points Vs Nifty Futures' Friday's close, indicating a gap-down start for Indian market -Results: Tata Steel, Coal India, ACC, Adani Total Gas, Canara Bank, Bajaj Housing Finance -Asian stocks rose in early trade, with caution remaining over a global rebound after President Donald Trump's decision to impose tariffs and sanctions on Colombia for impeding his immigration goals. The dollar edged higher. Japanese benchmarks advanced, with Hong Kong futures pointing to mild gains at open. US equity futures slid, paring last week's gain that was the best start to a presidential term since 1985. Australia's stock and bond market is closed for a holiday. -In commodities, oil posted its first weekly decline of the year after Trump threatened penalties on Moscow if Russia didn't make a deal to end the war in Ukraine, and demanded OPEC+ lower the cost of crude. Bitcoin edged lower after touching a fresh record last week after Trump last week signed an order to create a working group of key agencies to advise on crypto policy and create a regulatory framework and legislative proposals. Gold advanced for a fourth straight week. Tune in to the Marketbuzz Podcast for more cues
This is the Catchup on 3 Things by The Indian Express and I'm Ichha Sharma.Today is the 24th of January and here are this week's headlines.A Sealdah court on Monday sentenced Sanjay Roy to life imprisonment for raping and murdering a trainee doctor at RG Kar Medical College in August. Roy was convicted on Saturday, nearly six months after his arrest. The court imposed a Rs 50,000 fine and ordered the West Bengal government to pay Rs 1.7 million in compensation to the victim's family. Junior doctors at RG Kar expressed dissatisfaction with the verdict.Chalapati, a 62-year-old Maoist leader, was killed in an encounter on Tuesday with security forces near the Chhattisgarh-Odisha border. Known for his rapid rise through the ranks, Chalapati orchestrated several high-profile attacks, including the 2018 killing of TDP MLA Kidari Sarveswara Rao. Hailing from Andhra Pradesh, he was believed to be the mastermind behind the deadly attack in Araku Valley, which also targeted former MLA Siveri Soma. His wife, Aruna, allegedly led the Maoist group involved in the murders.At least 12 passengers were killed and 10 injured on Wednesday after they jumped off the Pushpak Express in panic following rumors of a fire onboard. The passengers were run over by the Karnataka Express traveling on an adjacent track in Jalgaon, Maharashtra. Around 30-35 people are suspected to have jumped. Maharashtra CM Devendra Fadnavis expressed deep grief, paying tribute to the victims. Rescue operations were launched with ambulances and railway vans deployed at the scene.Ahead of the Delhi Assembly elections, Aam Aadmi Party (AAP) released its manifesto on Wednesday with a focus on middle-class welfare. Party chief Arvind Kejriwal highlighted seven demands to be included in the Union Budget, urging transformative reforms in education, healthcare, and senior citizen welfare. Kejriwal emphasized the need to prioritize the middle class, proposing changes to taxation and policies that would improve quality of life for Delhi's working families and address their pressing concerns.On his first day after swearing in as the US President, Donald Trump signed an executive order limiting immigration laws, including birthright citizenship on Tuesday. The new policy restricts automatic U.S. citizenship to children born on American soil, requiring at least one parent to be a U.S. citizen, green card holder, or military member. This change may impact millions of Indian-Americans, complicating their pursuit of permanent residency, as birthright citizenship was a crucial pathway to citizenship for many foreign-born children.Meanwhile, at least nine Palestinians were killed and 40 others were left wounded after Israel launched a major military operation in the occupied West Bank city of Jenin on Tuesday. The operation came as Israel's ceasefire with Hamas in Gaza entered its third day, bringing the 15-month conflict to a halt. On Monday, the top general in Israel resigned, citing security failures that led to Hamas' attack on October 7, 2023. Meanwhile, US President Donald Trump said he is considering going to the Middle East, but not immediately amid the return of hostages, while reiterating that the attack on Israel by Hamas should not have happened.This was the Catch Up on 3 Things by the Indian Express
In today's episode of Market Minutes, Vaibhavi Ranjan unpacks the major market movers for January 24. After two days of gains on Dalal Street, GIFT Nifty hints at a mildly positive start for Indian equities. Will the mid- and small-cap rebound sustain, or will markets remain rangebound? Dr. Reddy's takes center stage after a strong Q3 performance, while Mankind Pharma grapples with a profit decline. Globally, Wall Street extends its rally as Asia-Pacific markets mirror the optimism. In the Voice of the Day segment, Raj Vyas of Teji Mandi shares his outlook on the market trajectory ahead of the Union Budget. Tune in for all the market buzz, expert opinions, and stock trends!
This is the Catchup on 3 Things by The Indian Express and I'm Flora Swain.Today is the 22nd of January and here are the headlines.At least 11 passengers were killed and 11 injured on Wednesday after they jumped off the Pushpak Express in panic following rumors of a fire onboard. The passengers were run over by the Karnataka Express traveling on an adjacent track in Jalgaon, Maharashtra. Around 30-35 people are suspected to have jumped. Maharashtra CM Devendra Fadnavis expressed deep grief, paying tribute to the victims. Rescue operations were launched with ambulances and railway vans deployed at the scene.Bollywood actor Saif Ali Khan, who was discharged from the hospital after a stabbing attack, has increased his security by hiring actor Ronit Roy's firm. Roy was seen accompanying Khan after his release from Lilavati Hospital in Mumbai. Khan was attacked last Thursday at his Bandra residence by a Bangladeshi national, who entered the property by scaling the complex wall while the guards slept. The police reconstructed the crime scene to reveal details of the attack.Ahead of the Delhi Assembly elections, Aam Aadmi Party (AAP) released its manifesto with a focus on middle-class welfare. Party chief Arvind Kejriwal highlighted seven demands to be included in the Union Budget, urging transformative reforms in education, healthcare, and senior citizen welfare. Kejriwal emphasized the need to prioritize the middle class, proposing changes to taxation and policies that would improve quality of life for Delhi's working families and address their pressing concerns.The Supreme Court issued a split verdict on a plea by former AAP councillor and Northeast Delhi riots accused Tahir Hussain, seeking interim bail to campaign for Delhi Assembly elections. Hussain, who is contesting as an AIMIM candidate, requested bail for election purposes. Justices Pankaj Mithal and Ahsanuddin Amanullah gave differing opinions; Justice Mithal rejected the plea, while Justice Amanullah favored granting bail, leaving the final decision uncertain.US President Donald Trump, shortly after assuming office, signed an executive order pardoning all those convicted for involvement in the January 6 Capitol riots. Hundreds of rioters, many accused of violent crimes, were released from prison with charges dropped. Speaking at the White House, Trump condemned the conditions of imprisonment, calling them inhumane. While the pardons brought relief to the rioters, they did not receive monetary compensation for their time served.This was the Catch Up on 3 Things by the Indian Express.
In this episode of Market Minutes, Zoya Springwala talks about the key factors to watch out for today before the domestic market opens. Market experts recommend that participants should view any uptick as an opportunity to trim positions during further recovery, particularly in the midcap and smallcap segments. Also, catch Prakash Diwan on the Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.
On Episode 479 of The Core Report, financial journalist Govindraj Ethiraj talks to G Chokkalingam, Founder of Equinomics Research as well as Himanshu Parekh, Partner and Head of Tax (West) at KPMG. SHOW NOTES (00:00) The Take: India's Diagnostics Industry Is Going to Grow (04:41) Markets stay on weak footing, will midcaps surprise? (07:20) What early market trends for 2025 are telling us about stocks (16:56) India's forex reserves down $70 billion from peak as markets brace for rupee sliding below Rs 86 to USD. (17:55) Fresh sanctions on Russia increases the prospect for lower crude oil prices for India. (21:05) 22 subcommittees are working on simplifying India's tax laws before the Union Budget. Will they meet the deadline? Register for India Energy Week, Feb 11-14 Listeners! We await your feedback.... The Core and The Core Report is ad supported and FREE for all readers and listeners. Write in to shiva@thecore.in for sponsorships and brand studio requirements For more of our coverage check out thecore.in Join and Interact anonymously on our whatsapp channel Subscribe to our Newsletter Follow us on: Twitter | Instagram | Facebook | Linkedin | Youtube
EY India Chairman Rajiv Memani stresses on divestment, reducing tax disputes, and targeted schemes in labour-intensive sectors to drive economic growth and reforms in the upcoming Union Budget. The upcoming Union Budget presents the Modi government with an opportunity to advance the narrative of economic stability by focusing on lowering tax rates, adopting a more proactive stance on addressing low-cost imports from China, simplifying GST, and implementing additional schemes in labour intensive sectors.
In this episode of Market Minutes, Zoya Springwala talks about the key factors to watch out for today before the domestic market opens. As a result of the holiday-shortened week, domestic markets are seeing thin volumes, coupled with the falling Rupee and persistent FII selling. Also, DAM Capital, Transrail, Mamata Machinery are to list on the bourses later today. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.
How does the Central government and State governments divide tax collection? Why was ban on alcohol a bad decision by Bihar? Which government policies are really beneficial to the public? In this episode, Karthik breaks down the complexities of revenue and expenditure, explaining how taxes are collected, allocated, and utilized to drive India's growth. From infrastructure development to social welfare programs, discover how taxes shape the nation's future. Tune in for a fascinating discussion on the economics of governance and the role of taxes in building a better India. How does the Central government and State governments divide tax collection? Why was ban on alcohol a bad decision by Bihar? Which government policies are really beneficial to the public? In this episode, Karthik breaks down the complexities of revenue and expenditure, explaining how taxes are collected, allocated, and utilized to drive India's growth. From infrastructure development to social welfare programs, discover how taxes shape the nation's future. Tune in for a fascinating discussion on the economics of governance and the role of taxes in building a better India. Chapters - 00:00:00 - 00:01:11 - Episode Introduction 00:01:11 - 00:12:44 What are the different roles of the Central government and State governments? 00:12:44 - 00:25:33 How does the government navigate through debt, inflation and financial emergencies? 00:25:33 - 00:30:30 How is the country's revenue divided between the Central government and state governments? 00:30:30 - 00:37:30 Why was Bihar's decision to ban alcohol a bad one? 00:37:30 - 00:42:40 Which tax revenues are controlled by the Central government and which by State governments? 00:42:40 - 00:51:00 On what and how much is the expenditure by both governments? 00:51:00 - 01:11:11 What are some measures proposed by Karthik to optimise the financial operations and outcomes by the government? 01:11:11 - 01:19:37 What are the steps that need to be taken to ensure well-run governments and a better economy? 01:19:37 - 01:21:49 Concluding today's episode Resource List - Accelerating India's Development: A State-Led Roadmap for Effective Governance, Book by Karthik Muralidharan - https://amzn.in/d/ig9Sw0i Indian Finance Commision - https://fincomindia.nic.in/ NREGA Website - https://nrega.nic.in/MGNREGA_new/Nrega_home.aspx Paper on Public Employment Programs - https://www.econometricsociety.org/publications/econometrica/2023/07/01/General-equilibrium-effects-of-improving-public-employment-programs-experimental-evidence-from-India More about Pensions - https://seenunseen.in/episodes/2023/9/18/episode-347-indias-massive-pensions-crisis/ What is the 3-i framework? - https://www.ncchpp.ca/docs/2014_ProcPP_3iFramework_EN.pdf CEGIS Website - https://www.cegis.org/ Union Budget by the Ministry of Finance - https://www.indiabudget.gov.in/ About SparX by Mukesh Bansal SparX is a podcast where we delve into cutting-edge scientific research, stories from impact-makers and tools for unlocking the secrets to human potential and growth. We believe that entrepreneurship, fitness and the science of productivity is at the forefront of the India Story; the country is at the cusp of greatness and at SparX, we wish to make these tools accessible for every generation of Indians to be able to make the most of the opportunities around us. In a new episode every Sunday, our host Mukesh Bansal (Founder Myntra and Cult.fit) will talk to guests from all walks of life and also break down everything he's learnt about the science of impact over the course of his 20-year long career. This is the India Century, and we're enthusiastic to start this journey with you. Follow us on our Instagram: / sparxbymukeshbansal Also check out our website: https://www.sparxbymukeshbansal.com You can also listen to SparX on all audio platforms! Fasion | Outbreak | Courtesy EpidemicSound.com
In this episode, Nick Fabbri speaks with Gargi Sharma Goel about her life and career in New Delhi, India, her work in the Ministry of Finance and Indian Revenue Service, key economic and tax policy interests, her journey to the Master of Public Policy at Oxford, balancing parenthood with studies, and the happiest memories from her time in the UK. *** Gargi Sharma Goel is career civil servant, part of the Indian Revenue Service, and works in the Ministry of Finance of the government of India. Gargi lives in New Delhi. Gargi focuses on tax policy and has been involved in the preparation of the Union Budget. She keeps a close watch on the pulse of the Indian economy and has undertaken many policy initiatives for its growth and development. Her key area of interest has been the utility of tax policy for socio-economic welfare, and she is interested in exploring tax policy as a tool for promoting equitable growth across all sections of society. Gargi's other field of interest has been international taxation and transfer pricing. She has also been involved with OECD two-Pillar International Tax negotiations for tax-sharing in the digitalised and borderless world, where she endeavours to establish cooperative and fair tax sharing mechanisms. Gargi is a World Bank Scholar.
In this episode, Nick Fabbri speaks with Gargi Sharma Goel about her life and career in New Delhi, India, her work in the Ministry of Finance and Indian Revenue Service, key economic and tax policy interests, her journey to the Master of Public Policy at Oxford, balancing parenthood with studies, and the happiest memories from her time in the UK.***Gargi Sharma Goel is career civil servant, part of the Indian Revenue Service, and works in the Ministry of Finance of the government of India. Gargi lives in New Delhi. Gargi focuses on tax policy and has been involved in the preparation of the Union Budget. She keeps a close watch on the pulse of the Indian economy and has undertaken many policy initiatives for its growth and development. Her key area of interest has been the utility of tax policy for socio-economic welfare, and she is interested in exploring tax policy as a tool for promoting equitable growth across all sections of society.Gargi's other field of interest has been international taxation and transfer pricing. She has also been involved with OECD two-Pillar International Tax negotiations for tax-sharing in the digitalised and borderless world, where she endeavours to establish cooperative and fair tax sharing mechanisms.Gargi is a World Bank Scholar.
For many in the Indian Railway Catering and Tourism Corporation (IRCTC), this year's Union Budget announcement was a damp squib.On 23 July, several officials from the ticketing-and-catering arm of Indian Railways waited for over an hour, with the collective hope that Finance Minister Nirmala Sitharaman would quash the discounts on UPI payments. The reason behind their discontent is that the discount has cost IRCTC an arm and a leg. The company has lost Rs 40 crore in revenue. But despite all of the pushback, this year's Budget did not mention revoking the mandate anywhere. So, what's going on? And why isn't the government backing down?Tune in to find out. P.S. The Ken podcast team is looking for a talented podcast producer and an audio journalist. If you fit the bill or know someone who does, please apply!
"Our time has come, but we must kick the ball to score the goal." In this episode, Nilesh Shah, Managing Director at Kotak Mahindra Asset Management Company, shares his insights on India's remarkable economic growth, challenges ahead, and the key risks investors should be aware of. He also highlights his takeaways from the recent Union Budget and Economic Survey Report.This episode is hosted by Rishabh Saksena, Head of Investment Specialists Asia at Julius Baer.
In this Telugu podcast, we sit down with Ajitesh Korupolu, Founder and CEO of ASBL, to unravel the complexities of India's Union Budget and its far-reaching implications. Our conversation kicks off with an intriguing question: Are our taxes genuinely being used for public welfare, or are they just filling government coffers and funding luxuries? Ajitesh sheds light on the staggering statistic that many citizens essentially work four months a year solely to pay taxes, which raises significant concerns among the middle class about the efficacy and fairness of our tax system. The issue of India's national debt also comes under scrutiny. With a jaw-dropping debt figure of 50 lakh crore rupees, Ajitesh explores the implications of such a massive financial burden. He questions whether we are inadvertently setting up future generations for financial instability and whether the government's borrowing practices are sustainable in the long run. This segment of the podcast provides a comprehensive overview of how debt is accumulated, managed, and its potential impact on India's economic future. One of the most thought-provoking segments of our discussion centers around the special welfare budgets for SC/ST/BC communities. Ajitesh offers a candid assessment of these initiatives, questioning whether they are genuinely beneficial or merely political strategies to secure votes. He discusses the effectiveness of these budgets, their implementation, and the real outcomes they have achieved. This conversation leads to a broader discussion on the role of welfare programs in addressing social inequalities and their potential for real societal change. Ajitesh also raises concerns about the lack of economic literacy in India's education system. Despite the critical importance of understanding economics in everyday life, this subject is often neglected in schools and universities. He argues that a more robust economic education is essential for preparing young Indians to navigate the complexities of the financial world. Ajitesh emphasizes the importance of integrating economic literacy into the curriculum, ensuring that future generations are well-equipped to make informed financial decisions. Another critical area of discussion is the manufacturing sector's expansion under Prime Minister Narendra Modi's administration. Ajitesh offers a balanced view, acknowledging the achievements while also questioning whether the focus on manufacturing is as beneficial as it appears. He delves into the nuances of government policies, the challenges faced by the sector, and whether these initiatives genuinely contribute to long-term economic growth or serve as a distraction from other pressing issues. As the conversation progresses, we explore the role of India's youth in driving economic growth. Ajitesh passionately discusses the potential of young Indians to break free from economic illiteracy and actively contribute to the nation's development. He emphasizes the importance of acquiring new-age skills and staying informed about economic trends. This segment serves as a motivational call to action for young viewers, encouraging them to take an active interest in economic matters and participate in shaping India's future. This podcast is packed with valuable insights and critical discussions that challenge commonly held beliefs and encourage viewers to think more deeply about India's economic policies and their implications. Whether you're a student, professional, entrepreneur, or simply a concerned citizen, this episode offers a wealth of knowledge and perspectives that can help you better understand the current economic landscape.
The episode provides an in-depth analysis of the structural challenges that led to the slowdown in private investment in India from 2011, highlighting the impact of policy uncertainty, weak rule of law, and central planning on business confidence. Ajay Shah advocates for broader policy reforms that enhance the institutional environment, making it more conducive to private sector participation in the economy.He also discusses the strategic importance of fiscal discipline in the context of India's economic challenges. He emphasizes the need for a prudent approach to deficit management, arguing that a flexible fiscal policy, which adapts to economic cycles, is more suitable for India than rigid deficit targets. The discussion also explores the role of infrastructure investments, questioning whether the current government-led infrastructure push effectively addresses the deeper issues of private sector investment and economic growth.Additionally, Shah touches upon the ongoing debate around tax policy, particularly the potential overhaul of India's direct tax code and the implications of capital gains taxation. He underscores the importance of aligning tax policy with the broader goal of promoting capital formation and economic growth in India.How can India balance fiscal discipline with the need for economic growth? What are the underlying reasons for the private sector's reluctance to invest in India? How can tax policy reforms contribute to India's economic objectives?Additional Readings In Service of the Republic: The Art and Science of Economic Policy by Vijay Kelkar and Ajay ShahForeign Investors Under Stress: Evidence from India by Ila Patnaik, Ajay Shah, and Nirvikar SinghScale Economies, Product Differentiation, and the Pattern of Trade by Paul KrugmanThe Case for Trade Barriers Against Chinese Imports by Ila Patnaik and Ajay ShahThe State of the Economy by Ajay ShahGovernment Programs Have a Limited Impact on Employment by Ajay Shah Where Has All the Infrastructure Gone? | Episode 55 | Everything is EverythingStrategic Thinking on Fiscal Policy by Ajay Shah Where Has All the Infrastructure Gone? | Episode 55 | Everything is EverythingEpisode Contributors: Ajay Shah is a senior research fellow and co-founder of XKDR Forum. He has held positions at the Centre for Monitoring Indian Economy (CMIE), the Indira Gandhi Institute for Development Research (IGIDR), the Department of Economic Affairs at the Ministry of Finance, and the National Institute for Public Finance and Policy (NIPFP). His research lies at the intersection of economics, law, and public administration.Suyash Rai is a deputy director and fellow at Carnegie India. His research focuses on the political economy of economic reforms, and the performance of public institutions in India. His current research looks at the financial sector, the fiscal system, and the infrastructure sector. Every two weeks, Interpreting India brings you diverse voices from India and around the world to explore the critical questions shaping the nation's future. We delve into how technology, the economy, and foreign policy intertwine to influence India's relationship with the global stage.As a Carnegie India production, hosted by Carnegie scholars, Interpreting India, a Carnegie India production, provides insightful perspectives and cutting-edge by tackling the defining questions that chart India's course through the next decade.Stay tuned for thought-provoking discussions, expert insights, and a deeper understanding of India's place in the world.Don't forget to subscribe, share, and leave a review to join the conversation and be part of Interpreting India's journey.
The Union Budget has announced several changes to the tax regime for Long-term Capital Gains. The most controversial of them is the removal of indexation benefit for the calculation of long-term capital gains (LTCGs), which could have implications for tax obligations in real estate transactions. Many now fear that the tax obligations of ordinary investors will shoot up, that black money will flood into real estate as sellers seek to lower the paper value of the transaction, and that investors will now prefer short-term holdings rather than lobg-term ones. Are these apprehensions valid? What do these taxation changes mean for the middle income investor? How will the real estate market be impacted? Guest: Ravi Saraogi of Samasthiti Advisors, who is also a SEBI-registered investment advisor. Host: G. Sampath, Social Affairs Editor, The Hindu. Edited by Sharmada venkatasubramanian.
As the dust settles on the proposals that the Finance Minister made in the Budget earlier this month, some aspects have become clearer while questions remain on others. Budget 2024-25 saw several initiatives around employment and skilling being proposed. Do these form a good first step in addressing the jobs challenge the country faces? Or should the government have begun addressing the problem at the level of primary school and worked upwards? Guest: Amit Basole, Professor of Economics at Azim Premji University Host: K. Bharat Kumar Edited by Jude Francis Weston
This is the Catchup on 3 Things by The Indian Express and I'm Flora Swain.Today's the 29th of July and here are the headlines.The Delhi Police have arrested five more people in connection with the flooding of the basement of Rau's IAS Study Centre, including the driver of a vehicle who purportedly waded through the waterlogged road and contributed to breaking the gates of the coaching centre where three UPSC aspirants died. The owners of the basement are among the five arrested people, including the coaching centre's CEO, Abhishek Gupta, and coordinator, Deshpal Singh. All the five accused are expected to be produced in court on Monday.Days after three UPSC aspirants died when the basement of their coaching centre flooded in the National Capital, Rajya Sabha chairman allowed a short-term discussion on the matter after the question hour. While the chair did not agree to suspend the proceedings on the House for the discussion, members of the opposition applauded that the chair allowed for the discussion under another rule, adding that they hoped their request for similar discussions on NEET paper leak and Manipur violence will also be allowed.Leader of Opposition in the Lok Sabha Rahul Gandhi on Monday hit out at the Union Budget of 2024-25 on Monday, calling it a ‘chakravyuh' created by the government led by Prime Minister Narendra Modi. The Congress leader said the ‘chakravyuh' that has captured India has three forces — the idea of monopoly capital and concentration of financial power; institutions and agencies such as the CBI, ED and IT department; and the political executive. Gandhi's reference was to the Mahabharat, according to which Abhimanyu was killed in a ‘chakravyuh' — a multi-tiered maze and formation — in which he was trapped. He further said the chakravyuh looks like a lotus (the BJP symbol).Days after some students from Nirmala College in Kerala's Muvattupuzha held protests demanding that they be allotted a room at the college to offer namaz, a prominent body of Islamic scholars have asked the students to desist from making such demands that could “create hatred” Dakshina Kerala Jamiyyathul Ulama general secretary Muhammed Thoufeeq Moulavi called the controversy “unfortunate”. Last Friday, a group of girls at Nirmala College in Muvattupuzha held protests demanding a room to offer their prayers but the college management had turned them down saying they were “free” to offer namaz at a mosque some 200 metres away. Significantly, the college is run by the Catholic Church.A passenger train carrying about 800 parrengers collided with a Kamaz truck, killing at least two and injuring up to 100 people on Monday, Russian media outlets reported, according to Reuters. As per the report, eight carriages were derailed, some of the carriages lay twisted and battered beside the railway track, they said. The train had been travelling from Kazan in Tatarstan to Adler on the Black Sea when it derailed in the southern Volgograd region near the Kotelnikovo station about 1,200 km (750 miles) south of Moscow, the emergencies ministry said.This was the Catchup on 3 Things on The Indian Express.
As the dust settles on the proposals that the Finance Minister made in the Budget earlier this month, some aspects have become clearer while questions remain on others. We will dwell on topics such as: Why did the Minister choose to be less aggressive on the fiscal deficit front than she could have? Why were Andhra Pradesh and Bihar given special consideration when such action was within the purview of the Finance Commission? And what does the changeover from cooperative federalism to competitive federalism mean for the States? Guest: Lekha Chakraborty is a Professor at National Institute of Public Finance and Policy (NIPFP), and Governing Board Member of International Institute of Public Finance, Munich. Host: K. Bharat Kumar Edited by Jude Francis Weston
On Episode 349 of The Core Report, financial journalist Govindraj Ethiraj talks to Dr. Shubadha Rao, founder of QuantEco Research as well as Himanshu Parekh, partner at KPMG in India.SHOW NOTES(00:00) The Take: The Gold Mirage(04:21) Can stock markets hold the bounce back?(06:01) The AI Euphoria, how long will it last?(07:44) Cement industry sees more consolidation as capacity stays far ahead of production(10:20) An economy plus tax forward overview from the Union Budget's proposalsListeners! We await your feedback....To collaborate with our Core Brand Studio contact shiva@thecore.inFor more of our coverage check out thecore.in--Support the Core Report--Join and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
This is the Catch Up on 3 Things for the Indian Express and I'm Flora Swain.It's the 25th of July and here are today's headlines.Amid heavy rains overnight and persistent downpour, especially in the catchment areas of dams, parts of Pune and Pimpri Chinchwad reported flooding this morning. The India Meteorological Department has issued an ‘orange alert' for the next two days in the city. Four deaths have so far been reported in the rain-related incidents, including three due to electrocution and one due to a rock fall. The city witnessed three landslides and a wall collapse as confirmed by the Police Commission.Meanwhile, due to torrential rains local train services in Mumbai were disrupted, as heavy waterlogging in many places brought traffic to a standstill. The IMD issued a ‘red alert' for Mumbai and the neighbouring districts of Thane and Raigad. SpiceJet, Air India, and IndiGo also announced potential flight disruptions, while schools and colleges were shut.The debate on the Union Budget 2024-25 is underway in both Houses of the Parliament. Congress MP from Jalandhar, Charanjit Singh Channi said there is an undeclared emergency in the country citing the crisis in Manipur, the plight of farmers, rape of Dalit woman in UP. Channi also raised the issue of the depreciation of the Indian rupee's value and questioned the absence of Prime Minister Modi, Home Minister Amit Shah, and Finance Minister Nirmala Sitharaman in the House.Aadhaar-based fingerprint authentication, facial recognition of candidates, and live Artificial Intelligence-based CCTV surveillance are among the measures that the UPSC now plans to introduce to prevent “cheating, fraud, unfair means, and impersonation” during the examinations that it conducts. This comes in the wake of the case of trainee IAS officer Puja Khedkar who is facing a UPSC probe for allegedly “faking her identity” and a row over the NEET UG paper leak case.Typhoon Gaemi made landfall in Taiwan, leaving 22 people dead in the Philippines from flooding and landslides, and three in Taiwan, with more than 220 reported injured. The island has seen persistent flooding in low-lying areas, landslides, and damage to homes and shops. Offices and schools in Taiwan were closed for the second consecutive day today and people were urged to stay home and away from the coastline. The island is regularly hit by typhoons and has boosted its warning systems, but its typography, high population density and high-tech economy make it difficult to avoid losses when such storms hit.This was the Catch-Up on the 3 Things by The Indian Express.
In this episode of Market Minutes, Vaibhavi Ranjan talks about the key factors to watch out for today before the domestic market opens. Market sentiment seems to be sombre after the upsets in the Union Budget. But, despite a four-day decline, the Nifty 50 hasn't fallen much? Is it a sign that investors might be making peace with what the Budget offered? Also, catch Mohit Khanna, Fund Manager at Purnartha One Strategy on the Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.
‘Think about country': Stalin slams PM over Union Budget allocations, Nitish Kumar's sexist remark triggers controversy, Joe Biden says he ended 2024 U.S. presidential bid to unite Democratic party, Sri Lanka, Bangladesh Register Big Wins To Enter Semifinals Of Women's Asia Cup, Intention was to kill me, my family members: Salman Khan's statement in charge sheet
Yesterday, Finance Minister Nirmala Sitharaman presented the first budget under the third Narendra Modi-led government.Following the announcement, PM Modi stated that the budget would empower every section of society and ensure inclusive growth. He highlighted that Dalit and backward class communities would benefit from the budget's powerful schemes and that women's contributions would be encouraged.However, opposition parties were critical. The Congress labeled it the "Save Modi Government Budget," the Trinamool Congress (TMC) called it "politically biased and anti-poor," and the Samajwadi Party (SP) claimed it overlooked the interests of youth and farmers.But to understand the budget beyond political reactions, and what it actually means for the economy, we are joined today by Indian Express' Udit Misra.Hosted and produced by Shashank BhargavaEdited and mixed by Suresh Pawar
This is the Catch Up on 3 Things for the Indian Express and I'm Flora Swain.It's the 23rd of July and here are today's headlines.Union Finance Minister Nirmala Sitharaman presented the Union Budget in Parliament today. Announcements were made for politically significant states such as Andhra Pradesh and Bihar, which are ruled by major NDA member parties. Rs 15,000 cr have been allocated for the development of Amaravati, the new capital of AP. No packages for Maharashtra or Haryana means the government is not too worried about near-term state elections and its focus is more on the full five years of its term.Meanwhile, Taxpayers falling in the highest tax bracket — those with a taxable income of Rs 15 lakh or more — will save Rs 7,500 on account of enhancement in the standard deduction limit under the NTR. The government has also said mechanisms will be introduced to facilitate the continuation of credit to Micro, Small, and Medium Enterprises (MSMEs) facing stress, in an acknowledgment of the multiple headwinds faced by the sector. Further, to enhance revenue generation, a hike in Long Term Capital Gains tax has been announced, from 10% to 12.5%. The jump in equity investments and profit booking by investors is likely behind the move.Presenting the Union Budget 2024-25, Finance Minister Nirmala Sitharaman on Tuesday announced a reduction in Customs duty on a range of input materials such as critical minerals, electronics, chemicals, and precious metals, among others. The government has focused on streamlining Customs duties to enhance revenue and support domestic manufacturing, she added.The bench comprising Chief Justice of India, DY Chandrachud, Justices JB Pardiwala, and Manoj Misra resumed nearly 40 pleas related to the alleged irregularities on NEET UG. The Supreme Court said the initial statements of some of the accused arrested in the NEET-UG case indicated that a “leak” may have occurred on the night of May 4, on the eve of the exam, but no evidence had been placed before it so far to establish that the breach was widespread, so as to warrant cancellation of the exam. Senior advocate Hooda told the top court that the paper leak took place through WhatsApp so it was impossible that it was confined only to Patna in Bihar.At least 157 people were killed in mudslides in a remote part of Ethiopia that has been hit with heavy rainfall, many of them as they tried to rescue survivors of an earlier mudslide, local authorities said today. Young children and pregnant women were among the victims of the mudslides in the Kencho Shacha Gozdi district of southern Ethiopia, said a local administrator. The death toll rose from 55 late Monday to 157 on Tuesday as search operations continued in the area.This was the Catch-Up on the 3 Things by The Indian Express.
On Episode 346 of The Core Report, financial journalist Govindraj Ethiraj talks to Uday Ved, partner at KNAV & Co.SHOW NOTES(00:31) The Take(07:47) The Stock Markets Seesaw And Settle Down(08:59) Rupee Hits Fresh Record Low(09:43) Takeaways From the Union Budget 2024 with Tax Expert Uday VedListeners! We await your feedback....To collaborate with our Core Brand Studio contact shiva@thecore.inFor more of our coverage check out thecore.in--Support the Core Report--Join and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
* இந்தியக் குடும்பங்கள் பணக் கஷ்டத்தில் இல்லை! - தலைமை பொருளாதார ஆலோசகர்.* ஏழைகள், பெண்கள், இளைஞர்கள், விவசாயிகளுக்கான பட்ஜெட்! - Nirmala Sitharaman* பட்ஜெட்டில் Bihar-க்கு எவ்வளவு நிதி ஒதுக்கீடு?* பட்ஜெட்டில் Andhra-வுக்கு என்னென்ன திட்டங்கள்?* தனிநபர் வருமான வரி வரம்பில் மாற்றமா?* தங்கம், வெள்ளி, பிளாட்டினம் சுங்கவரி குறைப்பு?* மூன்று மாநில வெள்ளத்தடுப்புக்கு 11,500 கோடி! * காங்கிரஸ் தேர்தல் அறிக்கையை வாசித்த நிர்மலா! - ப.சி* தமிழ்நாடு எம்.பிக்கள் அமளி! * திருக்குறள்கூட இல்லையா? - சு.வே காட்டம் * மாநில உரிமையை விட்டுக் கொடுத்துவிட்டார் Nitish Kumar - Lalu குற்றச்சாட்டு * Kanwar Yatra: `உணவகங்களில் பெயர்ப்பலகை' - உ.பி உட்பட 3 மாநில அரசின் உத்தரவுக்கு உச்ச நீதிமன்றம் தடை! * WestBengal: எம்.எல்.ஏக்களுக்கு அபராதம் விதித்த ஆளுநர்! * அரசியலில் இருக்க வேண்டுமா என பல முறை யோசித்திருக்கிறேன்! - Annamalai* MR vijayaBaskar-க்கு 2 நாட்கள் காவல்! * வேலூர்: முன்னாள் ராணுவ வீரர் `Lock Up death'... இன்ஸ்பெக்டர் உட்பட மூவருக்கு 7 ஆண்டுகள் சிறை!* ஆம்ஸ்ட்ராங் கொலை: `சம்பவ' செந்திலை நெருங்கும் தனிப்படை... விசாரணையில் வேகம் காட்டும் போலீஸ்!-Imperfect show podcast
Top news of the day: Finance minister Nirmala Sitharaman is set to present the Union Budget 2024-25 today, Jammu and Kashmir: Soldier Injured In Gunfight With Terrorists, Counter Operation Underway In Battal Sector, Harris has support of enough Democratic delegates to become party's presidential nominee, Ajit Agarkar dumps India T20I captain Suryakumar Yadav from ODI scheme, Kiran Rao says she sees Laapataa Ladies' box office performance as ‘failure'
This is the Catch Up on 3 Things for the Indian Express and I'm Flora Swain.It's the 22nd of July and here are today's headlines.Ahead of the Modi 3.0 Budget, Union Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023-24 in the Monsoon Session of Lok Sabha parliament highlighting an 8.2 per cent economic growth estimation in real terms in the financial year consolidating to post-Covid recovery, fiscal and monetary with policymakers. While inflation for specific food items has elevated, the headline inflation is under control with a surplus registered in the last quarter.Speaking of the parliament, a day ahead of the much-awaited Union Budget, the Lok Sabha session kicked off with partisan attacks on Education Minister Dharmendra Pradhan during the ‘Question Hour' rowing over the NEET - UG paper leak case. Congress MP Manickam Tagore and Samajwadi Party chief Akhilesh Yadav criticised Pradhan over the purported paper leak incident, whereas Leader of Opposition Rahul Gandhi claimed that Pradhan will “blame everybody but himself”.Meanwhile, the Supreme Court has resumed the NEET matter hearing today. Senior advocate Hooda told the top court that the paper leak took place through WhatsApp so it was impossible that it was confined only to Patna in Bihar. He said, “Solvers were taken from Rajasthan. Dissemination was through WhatsApp. It is not possible that the leak is confined to Patna.``. He added that if the apex court is “not considering re-NEET, at least qualified people should be asked to retake the exam, which will be about 13 lakh people.”A day after a 14-year-old boy in Malappuram succumbed to the Nipah virus, the Kerala health department confirmed today that he had consumed hog plum fruit from his neighbourhood, where the presence of fruit bats, known as a reservoir of the zoonotic virus, was confirmed. Health minister Veena George, after a review in Malappuram, said the boy's friends have said that he consumed the fruit, known locally as ambazhanga, from the vicinity of his house days before he developed the fever.With President Joe Biden opting out of the US presidential race and endorsing his Vice President as the Democrat's nominee, Kamala Harris praised his extraordinary leadership and has raised $49.6 million for her presidential campaign in less than a day of Biden withdrawing, Reuters reported. Harris said, quote “I am honored to have the President's endorsement and my intention is to earn and win this nomination,” unquote. This was the Catch-Up on the 3 Things by The Indian Express.
In this episode of Market Minutes, Nandita Khemka talks about the key factors to watch out for this week. The BSE Sensex and Nifty 50 shed over a percent on Friday amid profit booking. This week the Union Budget on Tuesday will be the trend decider. Corporate earnings, monthly F&O expiry and US GDP data are some of the other important factors that will be in focus. Also, catch Sahil Kapoor of DSP Mutual Fund in the Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.
This is the Catch Up on 3 Things for the Indian Express and I'm Flora Swain.It's the 1st of February and here are the headlines.Presenting the interim Union Budget in Parliament this morning, Union Finance Minister Nirmala Sitharaman announced that there would be no change in tax rates for direct and indirect taxes, including import duties. Meanwhile, the fiscal deficit for 2024-25 is estimated at 5.1 per cent of GDP against 5.8 per cent in the current financial year. With the Lok Sabha polls right around the corner, Sitharaman kicked off her Budget speech by highlighting the economic triumphs of the Modi government over the last decade.The political reactions to the Budget were largely along expected lines. Political leaders from the ruling NDA alliance have welcomed it, while some Opposition leaders very quickly wrote it off as “disappointing”. While, Union Defence Minister Rajnath Singh called the Budget “encouraging”, Congress MP Shashi Tharoor said, quote, "It was one of the shortest speeches on record in the Budget. Not very much came out of it,” Unquote.Amid the ongoing political crisis in Jharkhand following the Hemant Soren's resignation and subsequent arrest last night, Governor CP Radhakrishnan has agreed to to meet the coalition legislators today. Late night, Champai Soren, the state's Transport Minister and a loyalist of the CM, had staked claim to form the government, but the Governor had sought time saying he will revert on their proposal after considering the legalities.The Supreme Court today asked the Anjuman Intezamia Masajid, which had approached it against the Varanasi district court's order allowing Hindus to perform prayers in the Gyanvapi mosque's southern cellar, to move the Allahabad High Court. The mosque committee, as a result, moved the Allahabad High Court. The Advocate on Record for the mosque committee, this morning, had moved an urgent application before the Supreme Court seeking its intervention.The Madhya Pradesh High Court has acquitted a 40-year-old man, who spent nearly 12 years in jail, after finding that his daughter's rape allegation against him was made after her father had objected to her being in a relationship. The court also found that she had previously admitted that her father did not have sexual relations with her. The HC noted that it was “clear like noon day that her statement by no stretch of imagination can be said to be of sterling quality”.This was the Catch-Up on the 3 Things by The Indian Express.
With the formation of the 16th Finance Commission and the Union Budget round the corner, the finances of the North Eastern states become an important—and often overlooked—factor to examine. Economist Radhika Pandey and Deputy Editor TCA Sharad Raghavan examine the numbers in #Macrosutra Read Radhika Pandey's column here : https://theprint.in/macrosutra/high-debt-burdens-and-dependence-on-centre-the-unique-fiscal-constraints-of-northeastern-states/1929100/
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