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IndiaTV Business: Google News Feed: Digest for July 13, 2024

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Budget 2024: The government is considering a proposal to increase the minimum guaranteed amount under its popular social security initiative, Atal Pension Yojana (APY). Currently, the scheme offers a guaranteed pension ranging from Rs 1,000 to Rs 5,000 per month, depending on the subscriber's contribution. According to the Economic Times, the government may double this minimum guaranteed amount to Rs 10,000. A decision on this proposal is expected around the Budget presentation, scheduled for July 23.
As the Finance Ministry prepares to present the 2024–25 fiscal year budget, the National Democratic Alliance (NDA) government is contemplating a significant reform for central government employees. According to a report by the Times of India, the government may offer 50% of the last drawn salary as a pension under the National Pension System (NPS).
ITR filing 2024: Whether you are a salaried employee or a business owner, you must file your income tax return by the due date. The last date for filing the Income Tax Return (ITR) is July 31. Experts advise that no taxpayer should wait until the last date to file their return. Filing early allows you time to minimise errors. You can file the return online either with the assistance of a chartered accountant or on your own. If you decide to do it yourself, the process has become quite easy. You need to file the return through the Income Tax Department's website. Here's a step-by-step guide to filing ITR online.
Union Budget 2024: Prime Minister Narendra Modi held a meeting with eminent economists on Thursday to gather their views and suggestions for the upcoming Budget. In addition to economists and sectoral experts, the meeting was also attended by Niti Aayog Vice Chairman Suman Bery and other members. Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2024-25 in the Lok Sabha on July 23. This Budget will be the first major economic document of the Modi 3.0 government and is expected to outline a roadmap for making India a developed nation by 2047.
Budget 2024: To boost domestic and inbound tourism, the travel and tourism industry has requested the government to consider a uniform 12 per cent GST rate on hotels in the upcoming Budget for 2024-2025. Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2024-25 in the Lok Sabha on July 23. 
Union Budget 2024: The Association of Indian Medical Device Industry (AiMeD) has appealed to the government to consider a strategic increase in customs duty on medical devices, proposing a raise to a nominal range of around 15 per cent. In its pre-budget memorandum submitted to the Ministry of Finance, Union Health and Family Welfare Minister JP Nadda, Secretary Apurva Chandra, and Department of Pharmacy Secretary Arunish Chawla, AiMeD emphasised the need to revise the current customs duty rate of 7.5 per cent. This step, according to AiMeD, aims to bolster the domestic medical device manufacturing sector and align with broader economic strategies.
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 245.32 points to 80,170.09. Meanwhile, the Nifty was also up by 78.2 points to 24,402.65.  
Budget 2024: Budget 2024: As Union Finance Minister Nirmala Sitharaman prepares to present her seventh Budget and the first full budget of the Modi 3.0 government on July 23, 2024, in the Lok Sabha, let's take a look at some of India's iconic budgets.
Insurance sector stakeholders are urging for more tax benefits under the new tax regime. Anup Rau, MD and CEO of Future Generali India Insurance Company, highlighted that the deduction limit on health insurance premiums under Section 80D has not changed in nine years, despite rising healthcare costs. Rau suggested linking the limit to inflation for automatic adjustments.
As the Finance Ministry prepares to present the 2024–25 fiscal year budget, the National Democratic Alliance (NDA) government is contemplating a significant reform for central government employees. According to a report by the Times of India, the government may offer 50% of the last drawn salary as a pension under the National Pension System (NPS).
ITR filing 2024: Whether you are a salaried employee or a business owner, you must file your income tax return by the due date. The last date for filing the Income Tax Return (ITR) is July 31. Experts advise that no taxpayer should wait until the last date to file their return. Filing early allows you time to minimise errors. You can file the return online either with the assistance of a chartered accountant or on your own. If you decide to do it yourself, the process has become quite easy. You need to file the return through the Income Tax Department's website. Here's a step-by-step guide to filing ITR online.
Union Budget 2024: Prime Minister Narendra Modi held a meeting with eminent economists on Thursday to gather their views and suggestions for the upcoming Budget. In addition to economists and sectoral experts, the meeting was also attended by Niti Aayog Vice Chairman Suman Bery and other members. Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2024-25 in the Lok Sabha on July 23. This Budget will be the first major economic document of the Modi 3.0 government and is expected to outline a roadmap for making India a developed nation by 2047.
Budget 2024: To boost domestic and inbound tourism, the travel and tourism industry has requested the government to consider a uniform 12 per cent GST rate on hotels in the upcoming Budget for 2024-2025. Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2024-25 in the Lok Sabha on July 23. 
Union Budget 2024: The Association of Indian Medical Device Industry (AiMeD) has appealed to the government to consider a strategic increase in customs duty on medical devices, proposing a raise to a nominal range of around 15 per cent. In its pre-budget memorandum submitted to the Ministry of Finance, Union Health and Family Welfare Minister JP Nadda, Secretary Apurva Chandra, and Department of Pharmacy Secretary Arunish Chawla, AiMeD emphasised the need to revise the current customs duty rate of 7.5 per cent. This step, according to AiMeD, aims to bolster the domestic medical device manufacturing sector and align with broader economic strategies.
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 245.32 points to 80,170.09. Meanwhile, the Nifty was also up by 78.2 points to 24,402.65.  
Budget 2024: Budget 2024: As Union Finance Minister Nirmala Sitharaman prepares to present her seventh Budget and the first full budget of the Modi 3.0 government on July 23, 2024, in the Lok Sabha, let's take a look at some of India's iconic budgets.
Insurance sector stakeholders are urging for more tax benefits under the new tax regime. Anup Rau, MD and CEO of Future Generali India Insurance Company, highlighted that the deduction limit on health insurance premiums under Section 80D has not changed in nine years, despite rising healthcare costs. Rau suggested linking the limit to inflation for automatic adjustments.
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 226.11 points to 80,123.45 Meanwhile, the Nifty was also up by 82.1 points to 24,398.05.
As the Finance Ministry prepares to present the 2024–25 fiscal year budget, the National Democratic Alliance (NDA) government is contemplating a significant reform for central government employees. According to a report by the Times of India, the government may offer 50% of the last drawn salary as a pension under the National Pension System (NPS).
ITR filing 2024: Whether you are a salaried employee or a business owner, you must file your income tax return by the due date. The last date for filing the Income Tax Return (ITR) is July 31. Experts advise that no taxpayer should wait until the last date to file their return. Filing early allows you time to minimise errors. You can file the return online either with the assistance of a chartered accountant or on your own. If you decide to do it yourself, the process has become quite easy. You need to file the return through the Income Tax Department's website. Here's a step-by-step guide to filing ITR online.
Union Budget 2024: Prime Minister Narendra Modi held a meeting with eminent economists on Thursday to gather their views and suggestions for the upcoming Budget. In addition to economists and sectoral experts, the meeting was also attended by Niti Aayog Vice Chairman Suman Bery and other members. Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2024-25 in the Lok Sabha on July 23. This Budget will be the first major economic document of the Modi 3.0 government and is expected to outline a roadmap for making India a developed nation by 2047.
Budget 2024: To boost domestic and inbound tourism, the travel and tourism industry has requested the government to consider a uniform 12 per cent GST rate on hotels in the upcoming Budget for 2024-2025. Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2024-25 in the Lok Sabha on July 23. 
Union Budget 2024: The Association of Indian Medical Device Industry (AiMeD) has appealed to the government to consider a strategic increase in customs duty on medical devices, proposing a raise to a nominal range of around 15 per cent. In its pre-budget memorandum submitted to the Ministry of Finance, Union Health and Family Welfare Minister JP Nadda, Secretary Apurva Chandra, and Department of Pharmacy Secretary Arunish Chawla, AiMeD emphasised the need to revise the current customs duty rate of 7.5 per cent. This step, according to AiMeD, aims to bolster the domestic medical device manufacturing sector and align with broader economic strategies.
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 245.32 points to 80,170.09. Meanwhile, the Nifty was also up by 78.2 points to 24,402.65.  
Budget 2024: Budget 2024: As Union Finance Minister Nirmala Sitharaman prepares to present her seventh Budget and the first full budget of the Modi 3.0 government on July 23, 2024, in the Lok Sabha, let's take a look at some of India's iconic budgets.
Insurance sector stakeholders are urging for more tax benefits under the new tax regime. Anup Rau, MD and CEO of Future Generali India Insurance Company, highlighted that the deduction limit on health insurance premiums under Section 80D has not changed in nine years, despite rising healthcare costs. Rau suggested linking the limit to inflation for automatic adjustments.
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 226.11 points to 80,123.45 Meanwhile, the Nifty was also up by 82.1 points to 24,398.05.
Budget 2024: To boost domestic and inbound tourism, the travel and tourism industry has requested the government to consider a uniform 12 per cent GST rate on hotels in the upcoming Budget for 2024-2025. Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2024-25 in the Lok Sabha on July 23. 
Union Budget 2024: The Association of Indian Medical Device Industry (AiMeD) has appealed to the government to consider a strategic increase in customs duty on medical devices, proposing a raise to a nominal range of around 15 per cent. In its pre-budget memorandum submitted to the Ministry of Finance, Union Health and Family Welfare Minister JP Nadda, Secretary Apurva Chandra, and Department of Pharmacy Secretary Arunish Chawla, AiMeD emphasised the need to revise the current customs duty rate of 7.5 per cent. This step, according to AiMeD, aims to bolster the domestic medical device manufacturing sector and align with broader economic strategies.
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 245.32 points to 80,170.09. Meanwhile, the Nifty was also up by 78.2 points to 24,402.65.  
Budget 2024: Budget 2024: As Union Finance Minister Nirmala Sitharaman prepares to present her seventh Budget and the first full budget of the Modi 3.0 government on July 23, 2024, in the Lok Sabha, let's take a look at some of India's iconic budgets.
Insurance sector stakeholders are urging for more tax benefits under the new tax regime. Anup Rau, MD and CEO of Future Generali India Insurance Company, highlighted that the deduction limit on health insurance premiums under Section 80D has not changed in nine years, despite rising healthcare costs. Rau suggested linking the limit to inflation for automatic adjustments.
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 226.11 points to 80,123.45 Meanwhile, the Nifty was also up by 82.1 points to 24,398.05.
The Sensex and Nifty soared nearly 1% on Friday, reaching new lifetime highs driven by robust gains in IT stocks and hopes of a US Federal Reserve rate cut. The BSE Sensex jumped 622 points (0.78%) to a record closing level of 80,519.34. Intra-day, it hit an all-time high of 80,893.51, up 996.17 points (1.24%). The NSE Nifty surged 186.20 points (0.77%) to close at a record 24,502.15. During the day, it peaked at 24,592.20, up 276.25 points (1.13%).
HDFC Bank and Axis Bank have informed their combined 140 million customers about potential service disruptions this weekend due to system upgrades. Both banks are enhancing their core banking systems, which may affect online and mobile banking services temporarily.
Retail inflation in the country has surged to 5.08 per cent in June against 4.8 per cent in May, government data mentioned on Friday. Meanwhile, the Industrial production jumped to 5.9 per cent in May against 5.7 per cent expansion a year ago, the data said.
Budget 2024: To boost domestic and inbound tourism, the travel and tourism industry has requested the government to consider a uniform 12 per cent GST rate on hotels in the upcoming Budget for 2024-2025. Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2024-25 in the Lok Sabha on July 23. 
Union Budget 2024: The Association of Indian Medical Device Industry (AiMeD) has appealed to the government to consider a strategic increase in customs duty on medical devices, proposing a raise to a nominal range of around 15 per cent. In its pre-budget memorandum submitted to the Ministry of Finance, Union Health and Family Welfare Minister JP Nadda, Secretary Apurva Chandra, and Department of Pharmacy Secretary Arunish Chawla, AiMeD emphasised the need to revise the current customs duty rate of 7.5 per cent. This step, according to AiMeD, aims to bolster the domestic medical device manufacturing sector and align with broader economic strategies.
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 245.32 points to 80,170.09. Meanwhile, the Nifty was also up by 78.2 points to 24,402.65.  
Budget 2024: Budget 2024: As Union Finance Minister Nirmala Sitharaman prepares to present her seventh Budget and the first full budget of the Modi 3.0 government on July 23, 2024, in the Lok Sabha, let's take a look at some of India's iconic budgets.
Insurance sector stakeholders are urging for more tax benefits under the new tax regime. Anup Rau, MD and CEO of Future Generali India Insurance Company, highlighted that the deduction limit on health insurance premiums under Section 80D has not changed in nine years, despite rising healthcare costs. Rau suggested linking the limit to inflation for automatic adjustments.
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 226.11 points to 80,123.45 Meanwhile, the Nifty was also up by 82.1 points to 24,398.05.
The Sensex and Nifty soared nearly 1% on Friday, reaching new lifetime highs driven by robust gains in IT stocks and hopes of a US Federal Reserve rate cut. The BSE Sensex jumped 622 points (0.78%) to a record closing level of 80,519.34. Intra-day, it hit an all-time high of 80,893.51, up 996.17 points (1.24%). The NSE Nifty surged 186.20 points (0.77%) to close at a record 24,502.15. During the day, it peaked at 24,592.20, up 276.25 points (1.13%).
HDFC Bank and Axis Bank have informed their combined 140 million customers about potential service disruptions this weekend due to system upgrades. Both banks are enhancing their core banking systems, which may affect online and mobile banking services temporarily.
Retail inflation in the country has surged to 5.08 per cent in June against 4.8 per cent in May, government data mentioned on Friday. Meanwhile, the Industrial production jumped to 5.9 per cent in May against 5.7 per cent expansion a year ago, the data said.
Budget 2024: To boost domestic and inbound tourism, the travel and tourism industry has requested the government to consider a uniform 12 per cent GST rate on hotels in the upcoming Budget for 2024-2025. Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2024-25 in the Lok Sabha on July 23. 
Union Budget 2024: The Association of Indian Medical Device Industry (AiMeD) has appealed to the government to consider a strategic increase in customs duty on medical devices, proposing a raise to a nominal range of around 15 per cent. In its pre-budget memorandum submitted to the Ministry of Finance, Union Health and Family Welfare Minister JP Nadda, Secretary Apurva Chandra, and Department of Pharmacy Secretary Arunish Chawla, AiMeD emphasised the need to revise the current customs duty rate of 7.5 per cent. This step, according to AiMeD, aims to bolster the domestic medical device manufacturing sector and align with broader economic strategies.
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 245.32 points to 80,170.09. Meanwhile, the Nifty was also up by 78.2 points to 24,402.65.  
Budget 2024: Budget 2024: As Union Finance Minister Nirmala Sitharaman prepares to present her seventh Budget and the first full budget of the Modi 3.0 government on July 23, 2024, in the Lok Sabha, let's take a look at some of India's iconic budgets.
Insurance sector stakeholders are urging for more tax benefits under the new tax regime. Anup Rau, MD and CEO of Future Generali India Insurance Company, highlighted that the deduction limit on health insurance premiums under Section 80D has not changed in nine years, despite rising healthcare costs. Rau suggested linking the limit to inflation for automatic adjustments.
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 226.11 points to 80,123.45 Meanwhile, the Nifty was also up by 82.1 points to 24,398.05.
The Sensex and Nifty soared nearly 1% on Friday, reaching new lifetime highs driven by robust gains in IT stocks and hopes of a US Federal Reserve rate cut. The BSE Sensex jumped 622 points (0.78%) to a record closing level of 80,519.34. Intra-day, it hit an all-time high of 80,893.51, up 996.17 points (1.24%). The NSE Nifty surged 186.20 points (0.77%) to close at a record 24,502.15. During the day, it peaked at 24,592.20, up 276.25 points (1.13%).
HDFC Bank and Axis Bank have informed their combined 140 million customers about potential service disruptions this weekend due to system upgrades. Both banks are enhancing their core banking systems, which may affect online and mobile banking services temporarily.
Retail inflation in the country has surged to 5.08 per cent in June against 4.8 per cent in May, government data mentioned on Friday. Meanwhile, the Industrial production jumped to 5.9 per cent in May against 5.7 per cent expansion a year ago, the data said.
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