A rebate applies after tax is calculated, reducing the final amount payable, much like a discount Budget 2025 has proposed making normal income up to
Month: February 2025
Growth in services sector slows to more than 2-year low: PMI survey | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/growth-in-services-sector-slows-to-more-than-2-year-low-pmi-survey-125020500561_1.html Overall new business continued to increase strongly as companies report rise in costs, it says The HSBC final India Services Purchasing Managers’ (PMI)
*****Ibbi proposes coordinated insolvency resolution for interconnected entities | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/ibbi-proposes-coordinated-insolvency-resolution-for-interconnected-entities-125020501177_1.html Ibbi has noted that the current IBC process treats each entity as a standalone unit, overlooking the intricate web of interdependencies often present
Make OpenAI affordable for developers: Top Indian startup chiefs to Altman | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/make-openai-affordable-for-developers-top-indian-startup-chiefs-to-altman-125020501622_1.html The importance of India to OpenAI was stated by Altman, when he said that India is the second largest market for OpenAI industry
*****Budget tweaks Customs duties to boost local manufacturing amid US tariffs
Clipped from: https://www.business-standard.com/opinion/columns/budget-tweaks-customs-duties-to-boost-local-manufacturing-amid-us-tariffs-125020501756_1.html Average tariff levels: India’s average import tariff stands at 17 per cent, while the trade-weighted rate is lower at 12 per cent, according
*****Budget bets on tax cuts over capex-will it boost private investment? | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/budget-bets-on-tax-cuts-over-capex-will-it-boost-private-investment-125020501748_1.html An income-tax cut instead of a corporate tax cut in 2019 would have done more for the economy After a heavy focus on
*******MPC should wait and watch as global risks complicate rate decisions
Clipped from: https://www.business-standard.com/opinion/columns/mpc-should-wait-and-watch-as-global-risks-complicate-rate-decisions-125020501742_1.html Global uncertainty demands caution on monetary policy Listen to This Article The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India
*******What is rebate under Section 87A? How does it differ from income tax deductions, exemptions? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/blexplainer/bl-explainer-what-is-rebate-under-section-87a-how-does-it-differ-from-income-tax-deductions-exemptions/article69182958.ece An exemption is one that is adjusted right at the stage of computing GTI. A rebate is a discount applied directly to the
*****Finance Ministry advises against using AI tools like ChatGPT and DeepSeek due to confidentiality risks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/finance-ministry-advises-against-using-ai-tools-like-chatgpt-and-deepseek-due-to-confidentiality-risks/article69183865.ece Finance Ministry’s internal advisory is issued at a time, when India is all set to launch its own safe & secure indigenous AI
*******In big relief, buyers can get possession of flats, plots during insolvency process – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/real-estate/ibbi-unlocks-stalled-homes-possession-now-possible-during-insolvency/article69184083.ece In a game-changing move, homebuyers can now take possession of their properties while insolvency proceedings continue, ending years of uncertainty. In a big
*******“I don’t think the fear of AI is necessary,” says IMF ED Subramanian – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/ai-will-have-far-more-impact-on-white-collar-jobs-while-previous-innovations-had-impact-on-blue-collar-jobs-imf-ed-subramanian/article69184277.ece “Whenever there is an innovation that comes, we react with complacency or with fear,” he said Whenever there is a technological advance, there’s
*The Budget proposals on MSMEs are welcome – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-budget-proposals-on-msmes-are-welcome/article69184823.ece FICCI has consistently advocated for scaling up India’s SMEs Budget 2025-26 is another decisive step forward in our journey towards ‘Viksit Bharat’. While
*******Sober Budget, amidst middle class euphoria – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/sober-budget-amidst-middle-class-euphoria/article69184978.ece The middle class would also be expecting an MPC rate cut for its consumption, but RBI needs to factor in stubbornly high inflation
*Simplify assessment – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/simplify-assessment/article69185024.ece Timely disposal of I-T appeals is a key demand The Finance Minister, in her Budget 2025-26 speech, announced that the new Income-Tax Bill
*******Policy rate: To cut or not to cut – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/policy-rate-to-cut-or-not-to-cut/article69184867.ece Given the current growth and investment slowdown, at least a 25 bps cut would be in order Change is a time for renewed
Tax relief on up to two self-occupied properties made easy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/tax-relief-on-up-to-two-self-occupied-properties-made-easy/article69169930.ece?cx_testId=27&cx_testVariant=cx_1&cx_artPos=0&cx_experienceId=EXEPURFQAOW6&cx_experienceActionId=showRecommendationsZUOCO4TKU9Q311#cxrecs_s The proposal, if passed, is set to come into effect from FY25 There are two types of house property under the Income Tax
Export mission to ease woes of MSME exporters: DGFT – SME News | The Financial Express
lipped from: https://www.financialexpress.com/business/sme/export-mission-to-ease-woes-of-msme-exporters-dgft/3737966/ Most of the allocation for the Export Promotion Mission (EPM) will focus on addressing MSME export credit needs and promoting alternative financing instruments
Ripe for rate easing – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/ripe-for-rate-easing/3737920/ Macro backdrop is favourable for a nudge from monetary policy. Samiran Chakraborty, Chief economist India, Citigroup Global Markets A consumption-focused Budget with larger than expected
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