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Custom duty hike: Phones may get costlier by 3-4% after Feb 2

Custom duty hike: Phones may get costlier by 3-4% after Feb 2

New Delhi: In another bid to boost domestic manufacturing, the government on Monday announced an increase in custom duty for up to 10 per cent on mobile chargers and some sub-parts of phones, a move that can make handsets costlier by 3-4 per cent from February 2.Finance Minister Nirmala Sitharaman, ...

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Budget dampens middle class families' hopes, many rue no relief

Budget dampens middle class families' hopes, many rue no relief

New Delhi: While people around the country sat glued to their TV sets to follow the annual budget, 51-year-year-old Delhi resident Manisha Shrivastava was morose, following the announcement of the extension of vehicle scrapping policy to 20 years, as she had recently disposed of her car after using ...

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Live Coverage of Finance Minister Nirmala Sitharaman's Union Budget 2021

Live Coverage of Finance Minister Nirmala Sitharaman's Union Budget 2021

Catch all the latest live updates from the Union Budget 2021 on this page. Please hit the refresh option, in case you are unable to view latest updates.<div class="live-center-embed" data-src="https://livecenter.norkon.net/frame/sifydotcom/12286/materialdesign"><script type="text/javascript...

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Looking forward to budgetary support for demand generation: PHD Chamber

Looking forward to budgetary support for demand generation: PHD Chamber

New Delhi: Industry body PHD Chamber on Saturday said it looks forward to a growth-oriented budget for FY22 which ensures demand generation.According to Sanjay Aggarwal, President, PHD Chamber of Commerce and Industry, "Going ahead we look forward to a vibrant growth-oriented budget which ensures a ...

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SCAI seeks financial waiver, easing of IT norms in budget

SCAI seeks financial waiver, easing of IT norms in budget

New Delhi: The Shopping Centres Association of India (SCAI) has sought financial waivers, a loan moratorium for the sector along with easing of income tax norms in the upcoming Union Budget.In its budget recommendations, the industry body has also sought restructuring of GST norms to strengthen the ...

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Budget FY22: Realtors expect subvention scheme, wider definition of affordable housing

Budget FY22: Realtors expect subvention scheme, wider definition of affordable housing

New Delhi: As the housing market revives from the lows hit last year, developers expect more measures in the upcoming budget to boost demand in the real estate sector.A major demand of the developers has been to remove the ban on subvention scheme for home loans.The National Real Estate Development ...

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Budget: Tough balancing act for govt, says Report

Budget: Tough balancing act for govt, says Report

New Delhi: The Budget 2021-22 may see the trade-off to become more acute between stimulating growth, and maintaining fiscal rectitude, Kotak Institutional Equities said in a pre-budget note.The Covid-19 pandemic disruptions has pushed down the country GDP growth into the negative zone in two success...

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'Higher allocation needed for power distribution infra in Budget FY22'

'Higher allocation needed for power distribution infra in Budget FY22'

New Delhi: The Centre needs to come up with higher budgetary allocation for power distribution infrastructure in the upcoming Union Budget, sector stakeholders and experts said.ICRA has recommended higher budgetary allocation to strengthen the power distribution infrastructure and improve the financ...

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2020 capital markets in retrospect

2020 capital markets in retrospect

New Delhi: The year 2020 was not just another year but much more than that. It was actually a number of years rolled into one. Towards the end of the first quarter in mid-March, the breakout of the pandemic covid-19 impacted all walks of life across the globe in many ways and virtually brought the w...

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After Diwali: Gold misses fireworks, tumbles by 1000

After Diwali: Gold misses fireworks, tumbles by 1000

Mumbai: Gold rates across the country tumbled by a margin of Rs 1,000 as of Tuesday.  According to data from Sify.com that tracks rates across India and Gulf, major associations and jewellers quoted a lower opening rate for Tuesday.  On an average, gold rates for 24 Karat or bullion was re...

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