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IndiaTV Business: Google News Feed: Digest for July 31, 2024

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Gold prices have fallen sharply by 7%, or Rs 5,000 per 10 grams, following the government's decision to slash the basic customs duty on gold. This reduction has made gold imports cheaper and is expected to curb gold smuggling, benefiting the organised jewellery sector. Experts believe that the lower costs will encourage more investments in gold as both a commodity and a financial asset. "The cut in basic customs duty on gold prices makes the yellow metal cheaper," said Jateen Trivedi, VP Research Analyst at LKP Securities.
Benchmark Sensex rebounded by 1,293 points, cutting short a five-day losing streak, while the Nifty shot up nearly 2% to a record high on Friday. The 30-share BSE Sensex jumped 1,292.92 points or 1.62%, to settle at 81,332.72, after soaring 1,387.38 points or 1.73%, during the day. The NSE Nifty surged 428.75 points or 1.76%, to close at an all-time high of 24,834.85.
In a significant move towards a circular economy, Toshihiro Suzuki, CEO of Suzuki Motor Corporation, unveiled the 'Bhoomi Amrut' brand logo and launched 'Power Plus,' a nutrient-rich liquid organic manure produced by the Banas Biogas Plant, during a farmers' conclave in Sanadar, Banaskantha district.
The Securities Exchange Board of India (SEBI) on Friday barred Vijay Mallya from trading in India's securities market for three years. SEBI also prohibited Mallya from associating with any listed firm. His existing holdings, including mutual funds, will remain frozen. Mallya, who owns an 8.1% stake in United Breweries and a 0.01% stake in United Spirits, faces a Rs 9,000 crore bank loan default case involving Kingfisher Airlines. Declared a Fugitive Economic Offender in 2019, Mallya has been living in the UK since leaving India in March 2016.
The Income Tax Department on Saturday revealed that more than 5 crore Income Tax Returns (ITRs) have been filed on the e-filing portal so far this fiscal year. The figure is 8 per cent more than what it was last year.
The Income Tax Department on Sunday asked income tax return filers to refrain from making bogus claims for expenses, under-reporting their earnings or exaggerating deductions calling it a punishable offence that causes a delay in issuance of refunds.
ITR filing 2024: With just three days remaining to file your income tax return for the financial year 2023-24, if you're still unsure whether to opt for the old or new tax regime and haven't filed yet, there's no need to worry. We will guide you on which tax regime to choose if your income is around Rs 10 lakh. Additionally, we will explain how you can make an income of Rs 10 lakh tax-free, meaning you won't have to pay any tax. The last date to file an income tax return is July 31, 2024, for the financial year 2023-24.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 350.7 points to 81,683.42. Meanwhile, the Nifty declined was also up by 83.85 points to 24,918.70 points.
Bank Holidays in August 2024: Banks across the country will remain closed for 13 days in August this year due to national and regional holidays, as well as weekend closures. According to the Reserve Bank of India (RBI) holiday list, banks will be closed for a total of 13 days this month, including the second and fourth Saturdays, as well as Sundays. Banks operate on the first and third Saturdays of each month but remain closed on the second and fourth Saturdays. 
Several rules often change with the inception of every new month. In line with that, the month of August will also witness some changes that may have an effect on your pocket. Some of the rules that are changing from August 1 and are likely to affect your expenses are:
The Securities Exchange Board of India (SEBI) on Friday barred Vijay Mallya from trading in India's securities market for three years. SEBI also prohibited Mallya from associating with any listed firm. His existing holdings, including mutual funds, will remain frozen. Mallya, who owns an 8.1% stake in United Breweries and a 0.01% stake in United Spirits, faces a Rs 9,000 crore bank loan default case involving Kingfisher Airlines. Declared a Fugitive Economic Offender in 2019, Mallya has been living in the UK since leaving India in March 2016.
The Income Tax Department on Saturday revealed that more than 5 crore Income Tax Returns (ITRs) have been filed on the e-filing portal so far this fiscal year. The figure is 8 per cent more than what it was last year.
The Income Tax Department on Sunday asked income tax return filers to refrain from making bogus claims for expenses, under-reporting their earnings or exaggerating deductions calling it a punishable offence that causes a delay in issuance of refunds.
ITR filing 2024: With just three days remaining to file your income tax return for the financial year 2023-24, if you're still unsure whether to opt for the old or new tax regime and haven't filed yet, there's no need to worry. We will guide you on which tax regime to choose if your income is around Rs 10 lakh. Additionally, we will explain how you can make an income of Rs 10 lakh tax-free, meaning you won't have to pay any tax. The last date to file an income tax return is July 31, 2024, for the financial year 2023-24.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 350.7 points to 81,683.42. Meanwhile, the Nifty declined was also up by 83.85 points to 24,918.70 points.
Bank Holidays in August 2024: Banks across the country will remain closed for 13 days in August this year due to national and regional holidays, as well as weekend closures. According to the Reserve Bank of India (RBI) holiday list, banks will be closed for a total of 13 days this month, including the second and fourth Saturdays, as well as Sundays. Banks operate on the first and third Saturdays of each month but remain closed on the second and fourth Saturdays. 
Several rules often change with the inception of every new month. In line with that, the month of August will also witness some changes that may have an effect on your pocket. Some of the rules that are changing from August 1 and are likely to affect your expenses are:
Stock markets update: Equity benchmark indices opened in green registering marginal gains in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 67 points to 81,423.53. Meanwhile, the Nifty was also up by 25 points to 24,861.35.
New Delhii: Commerce and Industry Minister Piyush Goyal said on Tuesday that there is no rethinking in the government to support foreign direct investments (FDI) from China, as was pitched by the Economic Survey recently. He said it was a report that always speaks about new ideas and gives out their own thinking. The Survey, he said, is not at all binding on the government and there is no thinking on supporting Chinese investments in the country. "There is no rethinking at present to support Chinese investments in the country," the minister told reporters.
Union Minister Piyush Goyal on Tuesday (July 30) said that there India is not rethinking to support foreign direct investments (FDI) from China as was projected by the Economic Survey tabled in the Lok Sabha before the presentation of Union Budget 2024-25. He said it was a report that always speaks about new ideas and gives out their own thinking.
The Securities Exchange Board of India (SEBI) on Friday barred Vijay Mallya from trading in India's securities market for three years. SEBI also prohibited Mallya from associating with any listed firm. His existing holdings, including mutual funds, will remain frozen. Mallya, who owns an 8.1% stake in United Breweries and a 0.01% stake in United Spirits, faces a Rs 9,000 crore bank loan default case involving Kingfisher Airlines. Declared a Fugitive Economic Offender in 2019, Mallya has been living in the UK since leaving India in March 2016.
The Income Tax Department on Saturday revealed that more than 5 crore Income Tax Returns (ITRs) have been filed on the e-filing portal so far this fiscal year. The figure is 8 per cent more than what it was last year.
The Income Tax Department on Sunday asked income tax return filers to refrain from making bogus claims for expenses, under-reporting their earnings or exaggerating deductions calling it a punishable offence that causes a delay in issuance of refunds.
ITR filing 2024: With just three days remaining to file your income tax return for the financial year 2023-24, if you're still unsure whether to opt for the old or new tax regime and haven't filed yet, there's no need to worry. We will guide you on which tax regime to choose if your income is around Rs 10 lakh. Additionally, we will explain how you can make an income of Rs 10 lakh tax-free, meaning you won't have to pay any tax. The last date to file an income tax return is July 31, 2024, for the financial year 2023-24.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 350.7 points to 81,683.42. Meanwhile, the Nifty declined was also up by 83.85 points to 24,918.70 points.
Bank Holidays in August 2024: Banks across the country will remain closed for 13 days in August this year due to national and regional holidays, as well as weekend closures. According to the Reserve Bank of India (RBI) holiday list, banks will be closed for a total of 13 days this month, including the second and fourth Saturdays, as well as Sundays. Banks operate on the first and third Saturdays of each month but remain closed on the second and fourth Saturdays. 
Several rules often change with the inception of every new month. In line with that, the month of August will also witness some changes that may have an effect on your pocket. Some of the rules that are changing from August 1 and are likely to affect your expenses are:
Stock markets update: Equity benchmark indices opened in green registering marginal gains in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 67 points to 81,423.53. Meanwhile, the Nifty was also up by 25 points to 24,861.35.
New Delhii: Commerce and Industry Minister Piyush Goyal said on Tuesday that there is no rethinking in the government to support foreign direct investments (FDI) from China, as was pitched by the Economic Survey recently. He said it was a report that always speaks about new ideas and gives out their own thinking. The Survey, he said, is not at all binding on the government and there is no thinking on supporting Chinese investments in the country. "There is no rethinking at present to support Chinese investments in the country," the minister told reporters.
Union Minister Piyush Goyal on Tuesday (July 30) said that there India is not rethinking to support foreign direct investments (FDI) from China as was projected by the Economic Survey tabled in the Lok Sabha before the presentation of Union Budget 2024-25. He said it was a report that always speaks about new ideas and gives out their own thinking.
The Income Tax Department on Saturday revealed that more than 5 crore Income Tax Returns (ITRs) have been filed on the e-filing portal so far this fiscal year. The figure is 8 per cent more than what it was last year.
The Income Tax Department on Sunday asked income tax return filers to refrain from making bogus claims for expenses, under-reporting their earnings or exaggerating deductions calling it a punishable offence that causes a delay in issuance of refunds.
ITR filing 2024: With just three days remaining to file your income tax return for the financial year 2023-24, if you're still unsure whether to opt for the old or new tax regime and haven't filed yet, there's no need to worry. We will guide you on which tax regime to choose if your income is around Rs 10 lakh. Additionally, we will explain how you can make an income of Rs 10 lakh tax-free, meaning you won't have to pay any tax. The last date to file an income tax return is July 31, 2024, for the financial year 2023-24.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 350.7 points to 81,683.42. Meanwhile, the Nifty declined was also up by 83.85 points to 24,918.70 points.
Bank Holidays in August 2024: Banks across the country will remain closed for 13 days in August this year due to national and regional holidays, as well as weekend closures. According to the Reserve Bank of India (RBI) holiday list, banks will be closed for a total of 13 days this month, including the second and fourth Saturdays, as well as Sundays. Banks operate on the first and third Saturdays of each month but remain closed on the second and fourth Saturdays. 
Several rules often change with the inception of every new month. In line with that, the month of August will also witness some changes that may have an effect on your pocket. Some of the rules that are changing from August 1 and are likely to affect your expenses are:
Stock markets update: Equity benchmark indices opened in green registering marginal gains in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 67 points to 81,423.53. Meanwhile, the Nifty was also up by 25 points to 24,861.35.
New Delhii: Commerce and Industry Minister Piyush Goyal said on Tuesday that there is no rethinking in the government to support foreign direct investments (FDI) from China, as was pitched by the Economic Survey recently. He said it was a report that always speaks about new ideas and gives out their own thinking. The Survey, he said, is not at all binding on the government and there is no thinking on supporting Chinese investments in the country. "There is no rethinking at present to support Chinese investments in the country," the minister told reporters.
Union Minister Piyush Goyal on Tuesday (July 30) said that there India is not rethinking to support foreign direct investments (FDI) from China as was projected by the Economic Survey tabled in the Lok Sabha before the presentation of Union Budget 2024-25. He said it was a report that always speaks about new ideas and gives out their own thinking.

Lok Sabha approves Union Budget 2024-25

Tuesday 30 July 2024 01:38 PM UTC+00
The Lok Sabha on Tuesday passed the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman on July 23. The budget, worth Rs 48.21 lakh crore, was approved by a voice vote. Along with the Union Budget, the lower house of the Parliament also approved the budget of the Union Territory of Jammu and Kashmir with a voice vote.
The Income Tax Department on Saturday revealed that more than 5 crore Income Tax Returns (ITRs) have been filed on the e-filing portal so far this fiscal year. The figure is 8 per cent more than what it was last year.
The Income Tax Department on Sunday asked income tax return filers to refrain from making bogus claims for expenses, under-reporting their earnings or exaggerating deductions calling it a punishable offence that causes a delay in issuance of refunds.
ITR filing 2024: With just three days remaining to file your income tax return for the financial year 2023-24, if you're still unsure whether to opt for the old or new tax regime and haven't filed yet, there's no need to worry. We will guide you on which tax regime to choose if your income is around Rs 10 lakh. Additionally, we will explain how you can make an income of Rs 10 lakh tax-free, meaning you won't have to pay any tax. The last date to file an income tax return is July 31, 2024, for the financial year 2023-24.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 350.7 points to 81,683.42. Meanwhile, the Nifty declined was also up by 83.85 points to 24,918.70 points.
Bank Holidays in August 2024: Banks across the country will remain closed for 13 days in August this year due to national and regional holidays, as well as weekend closures. According to the Reserve Bank of India (RBI) holiday list, banks will be closed for a total of 13 days this month, including the second and fourth Saturdays, as well as Sundays. Banks operate on the first and third Saturdays of each month but remain closed on the second and fourth Saturdays. 
Several rules often change with the inception of every new month. In line with that, the month of August will also witness some changes that may have an effect on your pocket. Some of the rules that are changing from August 1 and are likely to affect your expenses are:
Stock markets update: Equity benchmark indices opened in green registering marginal gains in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 67 points to 81,423.53. Meanwhile, the Nifty was also up by 25 points to 24,861.35.
New Delhii: Commerce and Industry Minister Piyush Goyal said on Tuesday that there is no rethinking in the government to support foreign direct investments (FDI) from China, as was pitched by the Economic Survey recently. He said it was a report that always speaks about new ideas and gives out their own thinking. The Survey, he said, is not at all binding on the government and there is no thinking on supporting Chinese investments in the country. "There is no rethinking at present to support Chinese investments in the country," the minister told reporters.
Union Minister Piyush Goyal on Tuesday (July 30) said that there India is not rethinking to support foreign direct investments (FDI) from China as was projected by the Economic Survey tabled in the Lok Sabha before the presentation of Union Budget 2024-25. He said it was a report that always speaks about new ideas and gives out their own thinking.

Lok Sabha approves Union Budget 2024-25

Tuesday 30 July 2024 01:38 PM UTC+00
The Lok Sabha on Tuesday passed the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman on July 23. The budget, worth Rs 48.21 lakh crore, was approved by a voice vote. Along with the Union Budget, the lower house of the Parliament also approved the budget of the Union Territory of Jammu and Kashmir with a voice vote.
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