Finance & Investment News Updates

The proposed allocation for agriculture was increased to Rs 33,919 crore as compared to Rs 24,829 cr last year. The Odisha CM proposed a new scheme 'CM Kisan' for farmers with an outlay of Rs 1935 crore.

Union Railway Minister Ashwini Vaishnaw announced a record allocation of Rs 10,586 crore for the development of Railway projects in Odisha. Prime Minister Narendra Modi is keen on enhancing the state's infrastructure and personally reviews progress. The allocation during BJP governance has increased twelve-fold compared to the UPA regime.

Finance Minister Nirmala Sitharaman announced a reduction in the basic customs duty (BCD) for mobile phones and chargers to 15%, potentially lowering import costs and benefiting consumers.

Airtel has revised its mobile tariffs following Reliance Jio's recent price hike. Starting July 3, 2024, various Airtel plans will see price increases ranging from 11.2% to 13%. Reliance Jio had earlier announced a rise of 12-27% in their mobile plan prices.

Reliance Jio has announced a significant price hike across all its prepaid and postpaid plans, effective from July 3. While the benefits remain unchanged, most plans have increased by over 20%. The move has sparked humorous reactions on social media, particularly referencing a recent tweet by Prafull Billore.

Apart from potatoes, prices of all other vegetables have witnessed a steep price rise.

In May 2024, RBI designates 13 holidays including public, regional, and weekends. State-specific closures apply. Here's the list for May 2024.

April 1st marks the beginning of a new financial year. The Union Budget proposals on income tax come into effect from this day. Finance minister Nirmala Sitharaman announced the new rules of income tax in her Budget speech, earlier on February.

Financial wellness programmes play vital role in promoting the overall well-being and productivity of salaried individuals.

According to Sitharaman, the Government will launch a scheme to help deserving sections of the middle class living in rented houses, or slums, or chawls and unauthorized colonies to buy or build their own houses.  

President Droupadi Murmu on Wednesday addressed a joint sitting of Rajya Sabha and Lok Sabha, marking the onset of the Budget Session of Parliament. While

Market does not expect any major changes in taxation relating to the capital market. Therefore, any such proposal will have an impact on the market, he said.

The precious metal had closed at Rs 60,800 per 10 grams in the previous trade.

After July 2022, even hospitals have been brought under the ambit of the GST taxation system. However, do not get fooled if the hospital adds GST on the total bill during your discharge, because all the healthcare services are not taxed by the government.

The customers had brought those currency notes to exchange them in the RBI office. However, they threw those notes out of frustration after the authorities of the bank refused to exchange those notes.