The proposed exemption in customs duty on import of lithium, cobalt and other rare minerals in the Union Budget 2024-25 is likely to lower the battery production cost and help in making electric vehicles more affordable for the buyers, auto industry leaders said on Tuesday.
Despite the rally in equities over the last few years, India, according to Christopher Wood, global head of equity strategy at Jefferies, is still in early stages of an equity cult. Any changes to the capital gains tax for equities - both long-term and short-term - in Budget 2024 scheduled to be announced on July 23, he believes, can trigger a bigger correction that what the markets witnessed post the Lok Sabha election outcome on June 4 that saw the Bharatiya Janata Party (BJP) lose majority, though it was able to form the government with the help of coalition partners.
How India's athletes fared at the Paris Paralympic Games on Friday.
Singh's comments come just a day after India's foreign coach Baek Woong Ki was denied accreditation for the Games. The Korean, who had reached the French capital with the Indian team after overseeing its preparation in Marseille, said on Saturday that he "was removed from the Olympic coaching role at a critical time" and will now be flying back to India with his return ticket already booked.
'We used to give these boxers a hammering in the ring and now they are teaching youngsters how to defend. Come on man!' 'People like Akhil Kumar and Jitender Kumar were among the top boxers in the world, but instead of choosing them to train young boxers they are picking people who are yes men.'
A Congress source termed the process of drafting and presenting of the Bill before the state cabinet on Monday as a "unilateral" effort by the chief minister's office and ministers that are close to him.
As news of Hasina's departure spread, hundreds broke into Hasina's residence, vandalising and looting the interiors, providing dramatic expression to the anti-government protests that have killed more than 100 people in the last two days. At the centre of people anger is the Hasina government's controversial quota system reserving 30 per cent jobs for families of veterans who fought the 1971 liberation war. With volatile crowds taking to the streets -- some clambering on Hasina's father and Bangladesh founder Sheikh Mujibur Rahman's statue and smashing it with hammers in a lasting image underscoring the fickleness of history -- Army chief General Waqar-uz-Zaman announced that the 76-year-old prime minister has resigned.
The Jaishankar-Wang talks came amid the dragging border row in eastern Ladakh that entered its fifth year in May.
The cricketer said a sale agreement was executed between him and his mother on one side and the builder on the other for the purchase of an apartment for over Rs 14 crore in the real estate project initiated by Brilliant Etoile Pvt Ltd in Hauz Khas under the name 'Sky Mansion' and displaying the name 'Risland'.
Religion and economic barriers continue to define love in modern India, discovers Preshth Bhardwaj.
Second-half strikes by Federico Valverde, Brahim Diaz and Endrick gave feeble Real Madrid an unconvincing 3-0 win over lowly Real Valladolid.
The apex court in May agreed to hear a plea filed by the father of one of the victims challenging the high court's order acquitting Koli in the case.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Banerjee also appealed to the people of West Bengal not to get provoked over matters concerning the current situation in Bangladesh.
A few students were detained after they staged a protest in Old Rajinder Nagar in New Delhi on Sunday, demanding action against those responsible for the deaths of three civil services aspirants at a coaching centre in the area, and compensation for their families.
Few finance ministers announce any taxation measure that could upset the stock market. Ms Sitharaman decided to take that risk, observes A K Bhattacharya.
A political crisis involving the ruling All India NR Congress-Bharatiya Janata Party coalition is brewing in the union territory with a section of saffron party MLAs expressing displeasure against the government over issues including corruption, and have knocked on the doors of the national leadership with a plea to set things right before they 'become worse'.
'We have now drastically simplified it, primarily to two rates in long-term capital gains: 20% and the applicable rates. Similarly, in short-term capital gains.' 'For listed shares, there is a slight increase, but for unlisted shares, where indexation benefits are removed, there is a reduction in rates, benefiting unlisted companies, venture capital firms, etc.' 'Similarly, in real estate, wherever returns are higher, the new structure is beneficial. In very few cases, returns are lower, and those are more of an exception.'
Amid a heated debate over the three new criminal laws, Chief Justice of India DY Chandrachud on Tuesday refused to comment on them, saying the issues arising from these statutes were pending before the Supreme Court.
Singapore government's sovereign wealth fund Temasek is looking to invest $10 billion in India during the next three years, Ravi Lambah, Temasek's head of India and strategic initiatives, said.
From 11-year-old to 60-plus, Olympics is playground for all
Finance Minister Nirmala Sitharaman on Tuesday said the securities transaction tax (STT) will be increased on futures and options (F&O) trade from October 1 to discourage retail investors from investing in the risky instrument.
The BSA Gold Star is launched....Ola Enters e-motorbikes Biz... Bajaj, TVS To Enter e2Ws Market...
'Pakistan is a nuclear country.' 'With the kind of situation that is there in Pakistan today, America will help Pakistan stay afloat.'
In the case of double-income couples, not more than 40 per cent of the net income of one partner should be the EMI for the property.
The finance minister continues to be backed by the same policy team in charting out the broad strategy as in the few earlier Budgets.
Five Indian boxers, aiming for glory at the upcoming Paris Olympics, will embark on a month-long training camp in Germany starting June 28th
The consistently heavy downpour of films, shows, events, videos and whatnot is causing economic disruption.
Unlike for previous Olympics, the Paris 2024 opening ceremony will not take place in a stadium.
'Except that the population was much less.' 'I remember my uncle and family moving away from the base of a hill whenever it rained for more than a couple of days without a dry day in between.' 'Perhaps the older generations knew if it rained for more than a certain time, they must pack up to a camp or to a relative.' 'As some of the interviews of the survivors on the Malayalam television channels show, the elderly people had a premonition a tragedy would happen, and those who acted on those premonitions survived.'
This is the full text of the address to the nation by President Droupadi Murmu on the eve of India's 78th Independence Day.
'The water scarcity being faced by 30 lakh people of Delhi is only because of the BJP.'
Bangladesh is in turmoil, which is not good news for India, which shares a porous 4000 km border with it. There is a danger of fundamentalism growing there, and India has to move in to reset its ties with the new dispensation before China and Pakistan make capital out of it, alerts Ramesh Menon.
'Sebi had no problem with derivatives until trading exploded after Covid.' 'But now, having built a dangerous road, from which different entities, mainly governments, are extracting a heavy toll, Sebi is concerned that people are driving on it in much greater numbers,' explains Debashis Basu.
'In the short term you keep your return expectations very, very low; in the medium term be prepared to invest and in the long term growth will come and your returns from stocks will be high.'
'India's fundamentals are a lot better (than those of other emerging market economies).' 'India will suffer (witness a fall in its stock market) what I call the second order effect.' 'And the second order will happen when these funds (belonging to macro and hedge fund investors and which have leveraged Japanese yen-carry trades), because they lose money elsewhere as lot of their positions were financed by borrowing Japanese yen, will have to book profits in investment destinations where they are making money, including in markets like India.' 'They (these investors) will have to effectively sell in countries like India and which is the consequence (the crash in equity markets) that Indian markets might see.'
rediffGURU Samkit Maniar answers readers' personal income tax queries.
Modi's high praise of Russia as an ally and Putin's leadership came amid ongoing efforts by the Western world to isolate the Russian leader over the war in Ukraine.
'Since there is no photo-op, or quick fix solutions, politicians do not want to address climate change. It is very unfashionable.'
Satwik-Chirag eyeing "great things" at Paris Olympics after cracking service variation challenge
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