With the recent fall in gold prices, significantly influenced by custom duty cuts in the Union Budget, this is an opportune moment for investors to consider adding gold to their portfolios
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India is on a manual mode in the finance ministry when the world is moving towards the AI mode. Two budgets ago, three centres of AI excellence were mooted
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Somanathan states that taxation on the stock market in India is among the lowest globally
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The reduction in customs duty has made gold more affordable, driving increased footfall in jewellery stores
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The Income tax department denies reports that people will have to pay higher taxes on profits made on selling a house or land property under the budget proposal of a flat 12.5 per cent tax without indexation
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While the government has presented a budget which is technically sound, the complete lack of real reform to complement the budget; and almost deliberate inaction against, maybe even passive encouragement of, bureaucratic terrorism will be the death knell for the government
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By not focusing on targeted appeals but rather addressing systemic challenges and India’s pressing concerns, the budget seems to be a step in the right direction, writes the author
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The CFO especially expresses her confidence in the credibility of the fiscal numbers presented in the budget, noting a huge improvement in fiscal discipline
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Chidambaram urged that the issue of unemployment be taken seriously, stating that his party, the Congress, will wait for the success of the proposed ELI scheme.
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Industry experts believe that the budget's strategic focus on enhancing the country's infrastructure and creating new job opportunities will play a crucial role in boosting consumer confidence and driving demand across various sectors
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