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Team India left for Sri Lanka on Monday for the upcoming white-ball series. The series will begin from July 27, with three T20Is followed by three ODIs. In the T20Is, the visitors will be led by star batter Suryakumar Yadav while regular skipper Rohit Sharma will be leading in the ODIs. It came as a huge surprise for everyone as all-rounder Hardik Pandya, who was being touted as the most deserving replacement of Rohit, was chosen over Surya. Not only this, Pandya was replaced as the vice-captain by young batter Shubman Gill. Ahead of the Sri Lanka, newly-appointed head coach…
Sharks off the coast of Brazil have cocaine in them and scientists believe the drug may be altering their behaviour. In a study conducted on 13 Brazilian sharpnose sharks from waters near Rio de Janeiro, marine biologists found high levels of cocaine in their muscles and livers. While it is not known how the sharks have been feeding on the drug, some theories exist. Scientists believe that the cocaine likely came from the drainage of illegal labs that produce drugs or from the excrement of drug users through untreated sewage. It could also be that the sharks fed on bundles…
Income Tax in India operates under a structured system of tax slabs. Your incomes are divided into specific ranges, each with corresponding tax rates. This approach ensures that those with higher incomes contribute proportionately more taxes. Understanding income tax slabs is crucial for taxpayers to plan their finances effectively. There are two slabs for the same — the old regime and the new regime. Let’s take a look at various slabs under both tax regimes to find out how your income is taxed. Old tax regime: Up to Rs 2.5 lakh: Exempted More than Rs 2.5 lakh up to Rs 3 lakh:…
The Indian Chamber of Commerce (ICC) has suggested the government to rationalise customs duties in various sectors including steel, solar battery, aluminum, and lithium cells in a bid to boost domestic manufacturing. Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget for financial year 2024-25 on July 23. ICC President Ameya Prabhu said protective measures are needed for the growth of domestic industry in sectors including steel, solar battery, aluminum, and lithium cells. “There is a need for rationalization of customs duty in these specific sectors in a holistic manner. Huge potential is there to boost domestic manufacturing…
Finance Minister Nirmala Sitharaman will present the Union Budget 2024 on July 23 at 11 am in the Lok Sabha. The budget session will commence on July 22 and continue until August 12, 2024. The Union Budget has a rich history, dating back to 1947 when RK Shanmukham Chetty presented the first budget of independent India. Since then, the country has seen several landmark budgets that have transformed the country’s economy. 5 Landmark Budgets of India 1957-58 TT Krishnamachari’s Budget for 1957-58 introduced groundbreaking tax reforms, including wealth tax. This tax was levied on the total value of personal assets,…
The government unveils its budget on July 23 in the first major policy announcement of Prime Minister Narendra Modi’s third five-year term, which could usher in changes to economic priorities. After a shock election result saw the BJP returned to power relying on allies, the government is expected to boost consumption by lowering personal taxes or increasing spending on consumer-focused areas. While that could benefit consumer goods makers, real estate and housing finance firms as well as infrastructure and auto companies, some sectors could also stand to lose, said brokerages. Here are some of their winners and losers. RURAL-LINKED SECTORS…
Lok Sabha and Rajya Sabha are each likely to have a 20-hour discussion on the Union budget, which Finance Minister Nirmala Sitharaman will present on Tuesday, with the Lower House expected to have separate debates covering ministries of railways, education, health, MSME and food processing, PTI reported quoting its sources said. The business advisory committees (BAC), which have representatives from different parties, of the two Houses met on Monday to finalise the agenda for the session. The government, however, is entitled to introduce any new item, depending upon exigencies, with the permission of the Chair. In Rajya Sabha, sources said,…
Ms Sitharaman, in her seventh Union Budget presentation, is likely to give tax incentives for new manufacturing facilities and encourage local procurement across sectors to create jobs. Discontent over job opportunities was seen as a key reason for Prime Minister Narendra Modi’s party, the BJP, failing to win a majority on its own in the general elections, and returning to power only with the support of allies. Whether Ms Sitharaman will announce tax relief for the middle class will be the most anticipated part in her Budget speech. The middle class got nothing in the pre-election interim Budget, and so…
Finance Minister Nirmala Sitharaman will present the Union Budget 2024 on Tuesday, July 23. The Budget Session of the Parliament started On Monday and will continue until August 12. Ahead of the Budget presentation, the Economic Survey 2023-24 was tabled in both Houses of Parliament on July 22, 2024, giving an overview of the economy’s performance. Union Budget 2024: Date and Time The Union Budget 2024 will be presented on July 23, 2024, at 11:00 am IST. Where and where to watch the Budget live Tune in tomorrow at 11 am to watch the Budget 2024 presentation live. The event…
Avika Gor, who is currently promoting her upcoming film Bloody Ishq, opened up about her relationship with Milind Chandwani in a candid manner on the podcast show of Harsh Limbachia and Bharti Singh. The Balika Vadhu actor met her boyfriend in Hyderabad and she fell in love with him at first sight. The actor also shared that she is married to him in her head. Sharing the details of their first meet and how Milind friend-zoned her for six months, Avika said, “He is a 9-5 corporate guy who also runs an NGO. We met each other through a mutual…