MUMBAI: Finance minister Nirmala Sitharaman on Friday called upon banks to embrace innovation and digital transformation, emphasising the need to adapt to changing customer expectations and technological advancements.At an event in State Bank of India (SBI), where she virtually inaugurated 70 new branches and 501 women customer service points across the country, she said: “With…
New Income Tax Bill 2025 (AI image) New Income Tax Bill 2025: Finance Minister Nirmala Sitharaman has tabled the New Income Tax Bill in Lok Sabha on Thursday, comprising 536 clauses across 622 pages, with an aim to replace the existing 823-page law that has been in effect for 64 years. The New Income Tax…
KPMG in India did a survey in January 2025 to gather industry perspectives on the Income Tax Act review. (AI image) New Income Tax Bill: The government announced in July 2024 its intention to conduct a thorough review of the Income-tax Act, 1961. The primary objective is to transform the Income Tax Act 1961 into…
The Union Cabinet approved the New Income Tax Bill on Friday. New Income Tax Bill LIVE: Finance Minister Nirmala Sitharaman may table the New Income Tax Bill in the Parliament on Tuesday. The intention to introduce the New Income Tax Bill was first announced by FM Sitharaman in her Union Budget 2025 speech.The Union Cabinet…
NEW DELHI: Finance minister Nirmala Sitharaman, presenting the Union Budget 2025-26 on Saturday, announced a significant increase in allocations for women and child development programs, along with key relief measures for senior citizens and vulnerable communities. Addressing concerns over old National Savings Scheme (NSS) accounts, Sitharaman announced that withdrawals from these accounts, which no longer…
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…
Govt proposes hike in TDS threshold on rent to Rs 6 lakh from Rs 2.4 lakh NEW DELHI: The government has proposed increasing the annual threshold for Tax Deduction at Source (TDS) on rent from the current Rs 2.4 lakh to Rs 6 lakh, Finance Minister Nirmala Sitharaman announced in her Budget 2025 speech on…
Stock Market Union Budget 2025 Live Updates, Share Market Today: The stock market opened in Green on Saturday ahead of the Union Budget 2025. Finance Minister Nirmala Sitharaman presented the Budget at 11 am today in Lok Sabha. At around 10 am, the BSE Sensex increased by 193.95 points or 0.25% and reached 77,694.52. Nifty50…
Budget 2025 date, time: The first phase of the Parliament’s Budget session starts on January 31, 2025. Budget 2025 speech date, time: Finance Minister Nirmala Sitharaman is set to deliver the Union Budget 2025 speech this week in Parliament during the Budget session that commenced today. The first phase of the Parliament’s Budget session starts…
NEW DELHI: Finance minister Nirmala Sitharaman is set to introduce a bill for a new direct tax law in the budget session, which will focus on simplification of the provisions, doing away with the ones that are redundant and attempt to make the language more layman friendly.The committee tasked with the revision, is deciding if…
