NEW DELHI: Gold prices surged to a new all-time high of Rs 83,360 per 10 grams in futures trading on Saturday, driven by strong market demand, according to news agency PTI.During early trading on the Multi Commodity Exchange, April delivery gold contracts achieved this unprecedented level. Similarly, the contract moderated to Rs 82,233 per 10…
PM Modi and Union home minister Amit Shah (R) NEW DELHI: Union home minister Amit Shah on Saturday praised Prime Minister Narendra Modi and finance minister Nirmala Sitharaman for presenting a “comprehensive and visionary” Union Budget 2025.Calling it a blueprint for a “developed and best India in every field,” Shah pointed out key aspects of…
NEW DELHI: Finance minister Nirmala Sitharaman, while announcing the Union Budget on Saturday announced a proposal to extend duty exemptions on capital goods that are used in the manufacturing of lithium-ion batteries. This move aimed to boost domestic production in this major sector which is essential for electric vehicles and mobile phones.The FM said, “To…
Finance Minister Nirmala Sitharaman, presenting the Union budget 2025, announced plans for 1.5 lakh rural post offices to boost the rural economy. The budget includes a new urea plant in Assam and enhanced investment limits for MSMEs. The government will also support the National Cooperative Development Corporation to aid small businesses and farmers. NEW DELHI:…
NEW DELHI: Union finance minister Nirmala Sitharaman on Saturday proposed establishing a Makhana Board in Bihar. In her budget speech, she emphasised that the Union government’s focus would be on ‘garib, youth, annadata and nari’. Makhana (foxnuts) is widely produced and consumed in Bihar. “Makhana Board will be established in Bihar to improve production and…
The wait for budget is over, with the finance minister Nirmala Sitharaman set to present the Union Budget 2025-26 on Saturday. While the youth are hoping for job-creation initiatives, the salaried class is eagerly anticipating income tax relief.Taxpayers and industry stakeholders are eagerly anticipating major announcements on tax slabs, fiscal consolidation, and sectoral incentives.President Droupadi…
Whilst the Budget is anticipated to focus on growth measures, analysts expect modest increases in capital expenditure. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, ended flat on Saturday after opening in the green during the special Budget 2025 trading session. Markets initially reacted positively, but volatility set in…
Amid continuing debate on how much emission countries need to cut to hit the Paris Agreement goal, the survey pointed at unfulfilled promises of rich nations on climate finance and said the “shortfall” may lead to a “reworking” of climate targets.The statement indicated developing nations may not opt for ambitious mitigation (emission reduction) goals during…
NEW DELHI: High markup on electricity supplied to industrial consumers reduces global competitiveness of Indian industry, Economic Survey says, putting tariff reforms back into the spotlight.“Across states, industrial users can pay a 10-25% markup over the cost of electricity supply. Other countries impose lower rates for electricity use. For example, Vietnam sets the electricity sale…
At a meeting held in Mumbai last week, LTIMindtree’s CEO designate, Venu Lambu, met with more than 50 senior leaders of the company, amid two senior executive departures. During the meeting, LTIMindtree chairman, SN Subrahmanyan, welcomed Lambu, who then shared his key priorities, including a sharper focus on growth and doubling down on its AI…
