The Indian Budget 2024 sparked mixed reactions on social media, with some applauding the abolition of Angel Tax while others criticized the increased taxes on Long-term Capital Gains (LTCG) and Short-term Capital Gains (STCG). The changes have ignited a debate about the impact on the middle class and the overall economy.
The Indian government announced significant changes to the Income Tax Act, simplifying the tax regime, introducing new incentives, and merging tax exemption regimes for charitable trusts. Key changes include increased standard deduction for salaried employees under the new tax regime and a simplified tax structure with reduced tax slabs.
India’s Finance Minister Nirmala Sitharaman has announced the removal of the Angel Tax, a controversial tax levied on capital raised by unlisted companies. This decision aims to create a more favorable environment for startups in India by eliminating a major hurdle to funding.
India’s Finance Minister, Nirmala Sitharaman, presented her seventh consecutive budget on Tuesday, introducing significant changes to the tax regime. This includes an increase in the standard deduction for salaried employees under the new tax regime and the unveiling of new tax slabs, aimed at simplifying the tax structure.
The Union Budget 2024 brought changes to various goods and services, impacting consumers’ pockets. This article details the items that have become costlier and the ones that have become cheaper, providing insights into the budget’s impact on everyday expenses.
Rachel Reeves’ appointment as the UK’s first female Chancellor of the Exchequer is a historic moment, inspiring many. However, women in finance are also expressing frustration that her gender is even a news story in 2024. While acknowledging the significance, they emphasize that the fight for true gender parity in the industry is far from over. They call for concrete actions to close the gender pay gap, promote equal opportunities, and address issues like affordable childcare and flexible working.
Indonesia’s outgoing President Joko Widodo will appoint Thomas Djiwandono, nephew of president-elect Prabowo Subianto, as a deputy finance minister. This appointment is intended to smooth the transition of government from Widodo’s administration to Prabowo’s, which officially starts in October. Djiwandono, a fiscal advisor to Prabowo, will work alongside the well-respected current finance minister, Sri Mulyani Indrawati. This appointment comes amidst concerns about Prabowo’s fiscal policies and the potential for increased debt, especially due to his campaign promises, including free school meals. However, Djiwandono has repeatedly reassured markets about Prabowo’s commitment to fiscal rules and keeping the budget deficit within legal limits.
From corporate earnings releases and international trade negotiations to smartphone launches and weather alerts, July 17 promises a busy day across various sectors. Keep an eye on key developments in finance, tourism, technology, and weather.
India’s robust stock market has driven a significant 128% increase in Securities Transaction Tax (STT) collections during the current financial year. This surge, attributed to heightened trading activity and strong market valuations, reflects the positive sentiment in the Indian equity market.
A recent study revealed that ‘David’ is the most common name in the finance sector, sparking discussions about the appeal of ‘finance bros’ in the dating world. While some women find the stability and financial security attractive, others warn against the stereotypical workaholic and potentially arrogant personality traits associated with the profession.
