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budget reactions

In Focus

How Union Budget 2025 Benefits MSMEs

Anagha R Ratna -
The government is introducing several initiatives for MSMEs, including higher investment limits, expanded credit guarantees, and new funding opportunities for startups Bengaluru: The Union Budget 2025 places a strong emphasis on micro, small, and medium enterprises (MSMEs) with several initiatives,...
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:...
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...
In Focus

Relief for salaried class under new tax regime; 50% hike in standard deduction to Rs 75,000

PTI -
Finance Minister Nirmala Sitharaman said salaried employees in the new tax regime could save up to Rs 17,500 in income tax annually following the changes announced in the Budget New Delhi: In sops for the middle class, Finance Minister Nirmala...
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...
Food & Beverage

Shares of shrimp products makers in heavy demand after Budget allocation

PTI -
Presenting the Union Budget for 2024-25, Sitharaman said that the government has reduced the basic customs duty on shrimp to 5 per cent New Delhi: Shares of producers and exporters of seafood products' firms jumped on Tuesday after Finance Minister...
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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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