Finance Minister Nirmala Sitharaman tabled the Economic Survey report in the Lok Sabha on Monday, marking the first day of the Budget session of the Parliament. The Survey projected a GDP growth rate in the range of 8-8.5% for the next fiscal 2022-23 (FY23). The economy is projected to grow at...
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Finance Minister Nirmala Sitharaman tabled the Economic Survey 2021-22 in the Lok Sabha on Monday, 31 January. India will see a growth of 8 percent to 8.5 The first month of 2022 has seen 11 gunfights in the Kashmir region, in which 21 militants – eight of them Pakistanis –...
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With the current level of under-penetration, the key task at hand is to make term insurance more affordable for the masses and lucrative for taxpayers. We, therefore, propose to ease off the tax burden of 18% on term insurance policies and bring down the GST rate in the range...
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Budget 2022 is just a week away. Expectations are high from all stakeholders given the hardship people have been facing since the last two years. The upcoming budget is also expected to be a populist budget as anticipated because five states are going to have elections soon after the...
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Mohit Nigam, Head – PMS at Hem Securities, says the current decline in the market from the top ought to be seen as a healthy correction and can be a good opportunity to accumulate quality stocks. The benchmark indices fell 3.5 percent in the passing week. Finance Minister Nirmala Sitharaman will...
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Private sector lender ICICI Bank on Saturday reported 25% jump in standalone net profit at Rs 6,194 crore for the quarter ending December 31, 2021. It was Rs 4,940 crore in the year-ago period. Net interest income grew by 23% to Rs 12,236 crore in Q3FY22 from Rs 9,912 crore in...
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Budget 2022 is round the corner. As COVID cases unfortunately have seen a spike recently in the country, there are heightened expectations among taxpayers that reliefs and deductions should be provided to individuals. Some key expectations are mentioned below. Decrease in the income tax rates Currently, the highest tax...
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A gradual phasing out of certain direct tax exemptions meant for corporate and personal tax payers. This is among the tax proposals being discussed for the upcoming Union Budget 2022-23. A top policymaker told Business Standard that according to the government’s internal assessment, the percentage of corporates and...
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NEW DELHI: Full-service airline Vistara, a joint venture between Tata Sons and Singapore Airlines, on Friday said it will resume international flights to Singapore from next week following the government’s recent move to resume flights to the South East Asian nation under the bilateral air bubble agreement. “Vistara…will be...
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