Budget 2024: The Economic Survey provides statistical information and analysis on various sectors of the economy as well as data on employment, GDP growth, inflation, and the budget deficit.
ITR filing 2024: Reduce your tax liability by claiming eligible deductions when filing your income tax return (ITR). However, if you forget to claim these deductions, you won’t be able to claim them in the next financial year.
The RBI stated that the disruptions faced by these institutions have either been resolved or are currently being addressed. This reassurance comes in light of concerns over potential impacts on financial operations due to the global technical glitch.
With increased reserves, India is better positioned to manage currency volatility and maintain economic stability amidst global uncertainties. This growth in reserves also reflects the success of India's economic policies and reforms aimed at attracting foreign investments and boosting exports.
After a four-day streak of record highs, India's equity benchmark indices, Sensex and Nifty, fell sharply on Friday due to profit-taking and weak global market trends. Major blue-chip stocks, including Reliance Industries, contributed to the decline.
The outage impacted users globally, from airlines to media and banks. Major US airlines ordered ground stops on Friday citing communications issues, while other carriers, media companies, banks and telecoms firms around the world also reported system outages were disrupting their operations.
In the early trade, the Indian share market exhibited notable volatility as investors grappled with a mix of domestic and global economic signals.
Stock markets continued their record run for the fourth day on Thursday, with the BSE Sensex breaching 81,000 for the first time and the NSE Nifty reaching a new peak at 24,800. Strong performances by IT, oil & gas, and FMCG shares fueled this surge.
Stock markets update: The 30-share BSE Sensex fell 251.93 points to 80,464.62. Meanwhile, the Nifty declined 76.6 points to 24,536.40 points.
Budget 2024: Previously, women senior citizens were eligible for a 50 per cent discount on train tickets, while male and transgender senior citizens received a 40 per cent discount.
The Air India and Vistara merger is expected to affect around 600 employees from both airlines. Tata Group-owned loss-making full-service carriers -- Air India and Vistara -- together have more than 23,000 employees.
The domestic stock exchanges BSE and NSE will be closed on Wednesday in view of the Muharram holiday. As a result, there will be no trading in equities, derivatives, or currency and commodity markets for the entire day.
ITR Filing 2024: The deadline for filing income tax returns (ITR) is typically 31st July each year. However, if you miss this deadline, you can still file a belated ITR by December 31 of the assessment year, but with a penalty.
Byju's and BCCI entered into a sponsorship agreement in 2019 through which the Edtech company got exclusive rights to display its trademark on the kit of the Indian cricket team, however, it failed to pay the sponsorship after June 2022.
The IMF has upgraded India's GDP growth forecast to 7% for the fiscal year 2024–25, citing anticipated improvements in rural consumption. Despite maintaining global growth projections at 3.2%, the IMF cautioned about risks including inflation and trade tensions, urging prudent monetary policies.
The Halwa ceremony at North Block marked the final stages of preparing Budget 2024-25, attended by Finance Minister Nirmala Sitharaman and other officials. This traditional event symbolizes the commencement of a lockdown within the finance ministry until the budget's parliamentary presentation.
Sensex and Nifty closed at new record highs on Tuesday, driven by a series of positive economic factors and strong institutional buying. Sectoral performance was mixed, with Nifty Realty leading gains and Nifty Media seeing the largest decline.
In July 2024, there are 12 bank holidays including the weekends. These holidays also include Muharram which will be observed on Wednesday. Here is the complete list of states where banks will remain closed.
Budget 2024: Last year, the central government reduced import taxes on key components such as camera lenses to promote mobile phone manufacturing in India.
In the early trade, the 30-share BSE Sensex climbed 185.55 points to 80,850.41. Meanwhile, the Nifty rallied 63.35 points to hit a new all-time peak of 24,650.05 on Tuesday morning.
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