Business

July 23, 2024 6:09 PM

Sensex, Nifty end lower after a rollercoaster ride on Budget day

Indian benchmark indices experienced significant volatility on Tuesday as Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25. A notable market-moving announcement was the increase in long-term capital gains tax to 12.5% from the previous 10%. Initially, the Sensex plummeted to a...

July 23, 2024 4:41 PM

Dubai business leaders praise India’s 2024 Budget

Business experts in Dubai have responded positively to India's 2024 budget, highlighting its potential impact on UAE-India economic relations. CA Navin Sharma, Chairman of the Tax Society UAE, commended the budget, particularly noting the reduction in gold import duty from 15% to 6%. This change ...

September 16, 2024 5:21 PM

Key highlights of Union Budget 2024

Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget for 2024-2025. The budget aims to foster employment, skill development, and economic growth with a focus on various sectors, including agriculture, manufacturing, and urban development. The Finance Minister said that as men...

July 23, 2024 12:04 PM

Digital tax talks in G20 spotlight as US tariff threat looms

Talks over a global tax deal are continuing well past a June 30 deadline and governments are now looking to a Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies. The so-called "Pillar 1" arrangement, part of a 20...