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Budget Announcement 2024

In Focus

Union Budget 2024-25: Retail leaders laud the strategic direction of the initiatives

Anagha R Ratna -
Retail leaders across categories assess the impact of the key announcements in the Union Budget 2024-25, analysing how the newly introduced measures and policy changes will influence their operations and growth prospects Bengaluru: The Union Budget 2024-25, revealed on Tuesday by...
E-Commerce

TDS rate cut for e-tailers to help free up working capital for sellers, say e-biz players

PTI -
The budget proposed reduction in TDS rate on e-commerce operators to 0.1 per cent from 1 per cent now New Delhi: E-biz players on Tuesday said the proposed reduction in TDS rate on e-commerce operators to 0.1 per cent from...
In Focus

Special attention to MSMEs in Budget 2024-25: New credit guarantee scheme; hike in Mudra loans

Anagha R Ratna -
In the first Budget of Modi government's third term, Sitharaman introduced a new credit guarantee scheme for term loans to acquire machinery and equipment and proposed raising the Mudra loan limit from Rs 10 lakh to Rs 20 lakh Bengaluru:...
In Focus

Budget 2024-2025: What’s in it for Retail?

Shiv Joshi -
An overview of all the retail ecosystem-related measures in the Budget 2024-2025 revealed by Finance Minister Nirmala Sitharaman in her 7th budget speech Mumbai: Being the first by the Modi government in its third term, Budget 2024-2025 was one...
Consumer Durables & IT

Govt cuts import duty on mobile phones; imported handsets to become up to 6% cheaper

PTI -
The industry witnessed three-fold increase in domestic production and almost 100-fold jump in exports of mobile phones over the last six years New Delhi: Imported mobile phones will become cheaper by up to 6 per cent as the government in...
Fashion & Lifestyle

Govt cuts customs duty on gold, silver, mobile phones

PTI -
The Budget 2024 proposed reduction in basic customs duty on gold and silver to 6 per cent, platinum to 6.4 per cent and mobile phones, mobile charger to 15 per cent New Delhi: Finance Minister Nirmala Sitharaman on Tuesday proposed...
Fashion & Lifestyle

Jewellery stocks surge after govt cuts basic custom duty on gold, silver

PTI -
On the BSE, the stock of Senco Gold zoomed 6.16% to trade at Rs 1,000.80 apiece, Rajesh Exports surged 5.49% to Rs 313.90 and PC Jeweller jumped 5% to trade at Rs 74.16 -- also its upper circuit limit. New...
In Focus

India to encourage cooperatives and start-ups to invest in the food supply chain: Union Budget 2024

Indiaretailing Bureau -
Experts view it as an initiative to make India’s fresh supply chain more efficient and reduce the high wastage of fresh produce that currently ranges between 20%-35%  New Delhi: The government will encourage private companies and start-ups to set up...
D2C

Budget 2024: Entrepreneurs rejoice in the abolishment of angel tax

Mannu Mathew -
Entrepreneurs from the country’s startup system have heaved a sigh of relief as the government proposes doing away with the Angel Tax. New Delhi: In her budget speech as the Finance Minister of India, Nirmala Sitaraman has proposed abolishing the...
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Latest News

In FocusDisha Shah -

Why consumers continue to adhere to traditional preferences in jewellery buying

While modern styles and sustainable options like lab-grown diamonds are rising, many consumers still prefer traditional jewellery The Indian Jewellery...
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