'THE HINDU' News for UPSC Exam: Summary

Govt. on track to reduce fiscal deficit: Fitch
Income Tax portal ramped up; July 31 I-T returns deadline may stay
Most of the recent glitches on the I-T portal have been fixed, says CBDT chairperson Ravi Agarwal
Budget 2024: The government’s focus is on ease of paying taxes
‘Ease of doing business’ is the overarching theme behind the tax proposals in the Budget
Budget 2024 — long on intent, short on details
The policy slant highlights good intentions, but the ways and the means to accomplish the ambitious goals set out are hazy
An outlining of urban transformation strategies
State governments, their municipalities and also citizens will have to take forward the provisions outlined in the Budget
‘Reviews of I-T Act, Customs may be ready by next Budget’
Officials are, however, uncertain if a final policy stance will be firmed up before February 1, 2025, especially given that the Finance Minister has proposed a 6-month window for the crucial reviews
India's business activity grew at a three-month high in July, job creation rose at the fastest pace since April 2006, Flash PMI shows
Business confidence is up after moderating in in June; high input costs force companies to keep raise sales prices
India's July edible oil imports to surge to record on robust palm buying: report
Palm oil imports in July are expected to jump 45% from a month ago to 1.14 million metric ton, the highest in 20 months
Union Budget 2024: A comprehensive pathway to inclusive growth and economic resilience
Centre scraps angel tax on foreign investments
Union Budget 2024: Nirmala Sitharaman scraps Angel Tax on foreign investments amid startup funding winter
Nirmala Sitharaman introduced the measure stating that it would help “bolster the Indian start-up ecosystem, boost the entrepreneurial spirit and support innovation”.
Budget 2024: Personal income tax slabs revised, standard deductions hiked
Finance Minister Nirmala Sitharaman stated in her address that because of the changes, salaried individuals stand to save up to ₹17,500 in income taxes. Additionally, the standard deductions are expected to provide relief to “four crore salaried individuals and pensioners”.
Budget 2024-25: Economy
A collection of The Hindu’s coverage of the Union Budget, related to manufacturing, jobs, services sector, agriculture, climate mitigation, green energy, water, defence, space, science and technology
Union Budget: Amount paid on share buyback to be treated as dividend and taxed in hands of shareholders, says Nirmala Sitharaman
The cost paid by the shareholder to acquire these shares will be considered for computation of capital gains or loss to them.
Union Budget 2024: FM announces duty cut on mobile phones, printed circuit board assembly and chargers
Union Finance Minister Nirmala Sitharaman, in her Union Budget 2024-25, cuts basic custom duty on mobile phones, PCBA, and chargers to 15%, impacting smartphone pricing
Budget 2024-25: FM allocates more than ₹11 lakh crore towards capital expenditure, 3.4% of GDP
Finance Minster Nirmala Sithraman referring to infrastructure as a policy priority of the central government held that significant investments made by the Central Govt in previous years have had a multiplier effect.
Budget 2024: Fiscal deficit for FY25 estimated to be 4.9% of GDP, says FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman presents Union Budget for 2024-25, aims for 4.5% fiscal deficit in 2025-26
Budget 2024: FM Sitharaman revises personal income tax slabs; taxation rates remain unchanged
Finance Minister Nirmala Sitharaman revises tax slabs, allowing salaried employees to save up to ₹17,500 in income taxes
Budget 2024: Finance Minister proposes National Cooperation Policy
Union Budget 2024 proposed National Co-operation Policy for the co-operative sector.
A case for regulating gig-based work
Karnataka’s draft Bill introduces provisions that mandate fair contracts and income security for platform workers. These provisions strengthen the position of workers who are at the same time not considered employees, nor do they enjoy the freedom and flexibility of being independent contractors

‘THE HINDU’ News for UPSC Exam: Summary