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Steep fall in gold prices! Drops Rs 5000/10 grams since customs duty cuts

The gold prices on Friday recorded at Rs 69,820/10 grams for 24 carat which was Rs 72,609/10 grams on July 23. On the other hand, the price for the 22 carat gold stood at Rs 66,874/10 grams on July 23, which now stands at Rs 62,351/10 grams on Friday. ...
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Why customs duty was reduced on gold in the Union Budget 2024? Explained

The reduction of customs duty in a budget can happen due to several reasons, which may vary depending on the economic and policy objectives of the government at that time of announcement of the budget....
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Internship Stipend: What is Rs 5,000 scheme proposed by govt in Union Budget 2024?

The internship scheme will provide a real life exposure for 12 months, while participating companies can cover training costs and 10 per cent of the internship cost from their Corporate Social Responsibility (CSR) funds. Notably, the scheme is part of the broader effort to boost ...
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What are benefits of NPS Vatsalya pension scheme introduced for minors in Union Budget 2024?

The National Pension Scheme (NPS) is a voluntary pension system available to all Indian citizens, including Non-Resident Indians (NRIs), between the ages of 18 and 70. It is a market-linked contribution scheme designed to help individuals systematically save for retirement. ...
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Gold loses lustre: India witnesses steep fall in yellow metal prices

A sharp decline was witnessed a day after a cut to the customs duty to 6% on Gold and Silver was proposed in the budget. The gold prices in India on July 24, stood at Rs 64,950/10 gram for 22 carat, whereas for the 100 grams of 22 carat yellow metal prices will cost Rs 6,49,500....
Budget 2024

Rather watch another Ambani wedding: Ashneer Grover’s jibe on Union Budget 2024

Grover's comment about preferring to watch an Ambani wedding over the budget highlights a broader issue of priorities. It suggests that the budget fai...
Union Budget 2024: Higher taxes on capital gains from ancestral property, gold sales

Union Budget 2024: Higher taxes on capital gains from ancestral property, gold sales

Long-term capital gains on non-financial assets were taxed at 20% with the indexation benefit. Now, from July 23, taxes on long-term capital gains for...
Union Budget 2024: What will be cheaper and what will be costlier?

Union Budget 2024: What will be cheaper and what will be costlier?

Sitharaman also mentioned the government's commitment to simplifying and rationalizing the GST tax structure to make it more efficient. For those choo...
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Union Budget 2024: Govt dims 20 per cent TDS for mutual funds on repurchase

According to the proposed change in the Union Budget 2024, 20% Tax Deducted at Source (TDS) on the repurchase of units by mutual funds and the Unit Tr...
income tax

Union Budget 2024: How is old tax regime different from the new one?

Finance Minister Nirmala Sitharaman has provided some relief to taxpayers by hiking slabs for personal income tax while presenting the first budget of...
Union Budget 2024: Mobile phone costs to decrease with 15% reduction in customs duty

Union Budget 2024: Mobile phone costs to decrease, 15 per cent reduction in customs duty

In addition to mobile phones, the BCD on mobile Printed Circuit Board Assembly (PCBA) and mobile chargers will also be reduced to 15%. This decision c...
budget

Union Budget 2024: Employment to manufacturing, here are nine priorities outlined by FM Sitharaman

While presenting the budget in the Lok Sabha, the finance minister highlighted nine priorities to bolster the economy, which include Productivity and ...
Nirmala Sitharaman

FM Nirmala Sitharaman proposes customs duty reductions on gold, silver to per cent in Union Budget 2024-25

"To promote domestic value addition in gold and precious metal jewellery, I propose reducing customs duties on gold and silver to 6 per cent, and on p...
Finance Minister Nirmala Sitharaman

Union Budget 2024: Poor, women, youth and farmers among major focuses

In the budget speech, Finance Minister emphasized that the government's focus on four crucial parts of society, the poor, women, youth and farmers. "W...

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