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IN PHOTOS: People watch Budget 2024 speech at BSE in Mumbai
Updated On: 01 February, 2024 02:55 PM IST | Asif Ali Sayed
Union Finance Minister Nirmala Sitharaman on Thursday presented the interim budget 2024. In a positive start to the trading day, the Indian stock market opened in the green. Pics/AFP and PTI
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Union Finance Minister Nirmala Sitharaman on Thursday presented the interim budget 2024. In a positive start to the trading day, the Indian stock market opened in the green. Pics/AFP and PTI
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The Sensex saw a modest gain of 6.75 points, opening at 71,729.64, while the Nifty rose by 5.95 points, commencing the day at 21,731.64. The market performance was indicative of a cautious optimism among investors
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Union Finance Minister Nirmala Sitharaman presented the Interim Budget for the fiscal year 2024, underlining the government`s commitment to stability in taxation and a strategic approach to encourage economic growth
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The Finance Minister made no changes in the taxation structure in what can be seen as a relief to taxpayers
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Sitharaman acknowledged certain impending changes in tax benefits and exemptions. She addressed the expiration of tax benefits for startups and investments made by sovereign wealth or pension funds, along with the tax exemption on specific income of some International Financial Services Centre (IFSC) units
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To ensure continuity and provide a seamless transition, the Finance Minister proposed an extension of the expiration date to March 31, 2025
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Nirmala Sitharaman also revealed the government`s ambitious plan to create a corpus of Rupees One Lakh Crore to propel private investment in sunrise technologies
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Photo of Day
High tidal waves in Mumbai delay Lalbaugcha Raja`s visarjan
The iconic Lalbaugcha Raja idol was shifted onto a raft on Sunday afternoon after delays since morning due to high tide and technical challenges, with final immersion, delayed by several hours, expected to take place around 11 pm, officials said.
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