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Housing scheme in Budget to boost steel, cement, construction

Feb 1, 2024

New Delhi, Feb 1 (IANS) The boost to housing in the Interim Budget is another important proposal from the market perspective since this will benefit industries like cement, steel and all construction related segments, Geojit Financial Services' Chief Investment Strategist V.K. Vijayakumar said on Thursday. Finance Minister Nirmala Sitharaman,…

Interim budget 2024: Target for Lakhpati Didi enhanced from 2 crore to 3 crore

Feb 1, 2024

New Delhi, Feb 1 (IANS) While presenting the Interim Budget 2024-25 in Parliament on Thursday, Union Finance Minister, Nirmala Sitharaman, announced that it has been decided to enhance the target for Lakhpati Didi from two crore to three…

Business

Tax benefits for startups, sovereign wealth & pension funds extended to March 2025

Feb 1, 2024

New Delhi, Feb 1 (IANS) In a respite for the startup ecosystem, the Centre on Thursday announced to extend tax benefits for startups and investments made by sovereign wealth and pension funds to March 2025. Certain tax benefits to startups…

Business

Govt to launch scheme for middle-class housing: Sitharaman

Feb 1, 2024

New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Thursday said that the government will launch a scheme to help deserving sections of the middle class living in rented houses, slums, chawls and unauthorised colonies to buy or…

Business

Sitharaman announces three new railway economic corridors

Feb 1, 2024

New Delhi, Feb 1 (IANS) Finance Minister Nirmal Sitharaman on Thursday announced the setting up of three new major railway economic corridors. “These include the energy, mineral and cement corridor, a port connectivity corridor and a high…

Business

Centre to boost EV infra, new bio-manufacturing scheme in the offing: FM

Feb 1, 2024

New Delhi, Feb 1 (IANS) As Elon Musk looks all set to enter the burgeoning Indian electric vehicle (EV) market with his Tesla vehicles this year, the government on Thursday said it will expand and strengthen the EV ecosystem by supporting…

Business

Sensex slips after presentation of Interim Budget

Feb 1, 2024

New Delhi, Feb 1 (IANS) Markets pared morning gains after the presentation of Interim Budget on Thursday.BSE Sensex was at 71,826.36 points, up 74.25 points, as against 273.72 points in morning trade.Maruti was up more than 3 per cent,…

Business

Govt to focus on popularising rooftop solarisation, free electricity: Sitharaman

Feb 1, 2024

Chennai, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Thursday said that in an attempt to turn households into power generating units, the central government will focus on popularising rooftop solarisation and free electricity. “One…

Business

Centre announces Rs 1 lakh cr corpus with 50-yr, interest free loans for tech-savvy youth

Feb 1, 2024

New Delhi, Feb 1 (IANS) The government on Thursday announced a Rs 1 lakh crore corpus for youth for long-term financing and refinancing that will help young entrepreneurs innovate and grow at scale in the sunrise industries.Presenting the…

Business

eBay agrees to pay $59 mn to settle lawsuit related to sales of pill-making tools

Feb 1, 2024

San Francisco, Feb 1 (IANS) E-commerce platform eBay has agreed to pay $59 million to settle a lawsuit alleging that it assisted in the sale of pill press machines that can be used to manufacture illegal drugs, the US Department of Justice…

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