Budget 2025 income tax expectations: In anticipation of Budget 2025, individual and salaried taxpayers are urging Finance Minister Nirmala Sitharaman to lower personal income tax rates and increase exemption thresholds.
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The imposition of US tariffs on textile imports presents a mixed bag for the Indian textile industry. While it offers a competitive advantage over other exporting nations, it also poses challenges
In 2024, funds raised for Indian startups fell to $2.7 billion, the lowest in four years. SoftBank and Tiger Global issued smaller follow-on checks and remained cautious. With global investors on the sidelines, local family offices and hedge funds led the investments. Analysts expect startup funding to pick up pace in the coming months.
XRP's price surged nearly 11% to $2.52 after Ripple CEO Brad Garlinghouse announced that the SEC is no longer pursuing its appeal in the legal case against the company. Ripple had been in a nearly four-year legal battle with the SEC over allegations of violating securities laws. Garlinghouse criticized the SEC for its actions, calling the system broken.
Trade discussions were a crucial aspect of this visit and culminated in both nations launching Mission 500, a bold ambition of more than doubling bilateral trade to $500 billion by 2030.
NSE MD & CEO Ashishkumar Chauhan highlights India's potential to fund entrepreneurial dreams with 11 crore investors and 21 crore accounts. He also emphasizes the importance of MSMEs leveraging capital markets. Former Union minister Anurag Singh Thakur asserts that MSMEs will drive India's vision of becoming a developed country by 2047.
Foreign investors have withdrawn Rs 22,194 crore from Indian equities in January amid expectations of a weak earnings season, rising US dollar, and concerns over a potential tariff war. Additionally, factors such as slowing GDP growth, high inflation, and the record low level of the Indian rupee have contributed to this exodus.
Salaried employees opting for the old tax regime for FY 2024-25 must submit investment proofs to claim exemptions and deductions. The new tax regime requires no such documentation, allowing only two specific deductions.
Indian equity market shows promise as the Nifty 50 ends a three-week slide, closing nearly 2% higher. Key factors include positive macroeconomic indicators, a drop in the dollar index, and RBI's liquidity support. As markets anticipate volatility in a shortened week due to the Holi festival, FII activity, global market dynamics, and technical levels will be critical.
In December 2024, SBI Life Insurance overtook LIC in regular premium policies with Rs 3,416 crore, a 16.7% increase from last year, while LIC's premiums fell 15% to Rs 2,628 crore. Despite a significant decline in group single premium policies, LIC remained the largest player by total new business premiums.
The commerce ministry in India is expected to seek an extension of the interest equalisation scheme for five more years in the upcoming Budget. This scheme assists exporters in obtaining competitive rupee export credits, particularly benefiting MSMEs during challenging economic times. Exporters and organizations like FIEO are supporting the extension, emphasizing its importance for maintaining competitiveness.