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IndiaTV Business: Google News Feed: Digest for August 01, 2024

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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.
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.
Stock markets update: Equity benchmark indices opened in green registering marginal gains in early trade on Wednesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 79 points to 81,535.12 Meanwhile, the Nifty was also up by 15 points to 24,872.50.
ITR filing 2024:  The government has dismissed the social media claims suggesting that the deadline for filing Income Tax Returns (ITR) has been extended to August 31. It said that a clipping of the news which is being circulated on social media is fake. The last date to file ITR for FY2023-24 is July 31, 2024. The confusion stemmed from a misinterpretation of advice from the Press Registrar General of India, which was mistakenly understood as an extension of the filing deadline.
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.
Stock markets update: Equity benchmark indices opened in green registering marginal gains in early trade on Wednesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 79 points to 81,535.12 Meanwhile, the Nifty was also up by 15 points to 24,872.50.
ITR filing 2024:  The government has dismissed the social media claims suggesting that the deadline for filing Income Tax Returns (ITR) has been extended to August 31. It said that a clipping of the news which is being circulated on social media is fake. The last date to file ITR for FY2023-24 is July 31, 2024. The confusion stemmed from a misinterpretation of advice from the Press Registrar General of India, which was mistakenly understood as an extension of the filing deadline.
Boeing lost more than USD 1.4 billion in the second quarter and said a longtime industry executive will take over as chief executive of the troubled aircraft manufacturer next week. Robert "Kelly" Ortberg, 64, a former CEO at Rockwell Collins, will succeed as CEO, the company said.
Income Tax Returns: Today, July 31, is the final day for filing Income Tax Returns (ITR). If you have already filed your ITR, you may now be waiting for your tax refund. Refunds are deposited only in verified bank accounts through the Electronic Clearing Service (ECS), and the account holder's name must match the name on the PAN card.
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.
Stock markets update: Equity benchmark indices opened in green registering marginal gains in early trade on Wednesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 79 points to 81,535.12 Meanwhile, the Nifty was also up by 15 points to 24,872.50.
ITR filing 2024:  The government has dismissed the social media claims suggesting that the deadline for filing Income Tax Returns (ITR) has been extended to August 31. It said that a clipping of the news which is being circulated on social media is fake. The last date to file ITR for FY2023-24 is July 31, 2024. The confusion stemmed from a misinterpretation of advice from the Press Registrar General of India, which was mistakenly understood as an extension of the filing deadline.
Boeing lost more than USD 1.4 billion in the second quarter and said a longtime industry executive will take over as chief executive of the troubled aircraft manufacturer next week. Robert "Kelly" Ortberg, 64, a former CEO at Rockwell Collins, will succeed as CEO, the company said.
Income Tax Returns: Today, July 31, is the final day for filing Income Tax Returns (ITR). If you have already filed your ITR, you may now be waiting for your tax refund. Refunds are deposited only in verified bank accounts through the Electronic Clearing Service (ECS), and the account holder's name must match the name on the PAN card.
The Income Tax Department reported that over 7 crore income tax returns (ITRs) have been filed by 7 PM on Wednesday, the final day for filing ITRs for the fiscal year 2023-24.  The department posted on X (formerly Twitter), "More than 7 crore ITRs have been filed so far (31st July), out of which over 50 lakh ITRs have been filed today till 7 PM!"
A ransomware attack on a technology service provider has forced payment systems across nearly 300 small Indian local banks to shut down temporarily, news agency Reuters reported citing sources. The attack affected C-Edge Technologies, a provider of banking technology systems to small banks across the country, they said. The Reserve Bank of India, the country's banking and payment system regulator, did not respond to Reuters' request for comment.
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