Jul 16, 2024, 7:55 pm IST
Budget 2024 Live Updates: Sachin Kothari, Director Of Augmont - Gold For All
"Since the Gems and Jewellery market is regulated by SEBI, RBI, DGFT, Ministry of Finance, Ministry of Commerce, etc, market players want a single regulator in this market and also 100% bullion trade to be moved through Commodity Exchanges."
Jul 16, 2024, 7:55 pm IST
Budget 2024 Live Updates: Sachin Kothari, Director Of Augmont - Gold For All
"The market expects an Import duty cut in Gold from 15% to 10% and for Silver import duty to be at par with Gold under CEPA. Some refineries in India have been importing unrefined gold (gold dore) from LDCs under zero duty, so stopping Import Duty benefits from LDC and FTA countries is expected as it distorts a level playing field."
Jul 16, 2024, 7:10 pm IST
Budget 2024 Live Updates: Rajesh Sinha Sr. Research Analyst at Bonanza Portfolio
"Increased budgetary allocation for research and innovation may benefit pharmaceutical companies like Lupin, Cipla, Sun Pharma, Healthcare Global Enterprises, and KIMS."
Jul 16, 2024, 7:09 pm IST
Budget 2024 Live Updates: Rajesh Sinha Sr. Research Analyst at Bonanza Portfolio
"Companies such as Polycab India, Dixon Technologies and Amber Enterprises could gain from government incentives for manufacturing and electronics production."
Jul 16, 2024, 7:09 pm IST
Budget 2024 Live Updates: Rajesh Sinha Sr. Research Analyst at Bonanza Portfolio
"Stocks like Tata Power, KPI Green, Borosil Renewables, Adani Green, NTPC, and NHPC may benefit from policies promoting renewable energy and solar power projects."
Jul 16, 2024, 7:09 pm IST
Budget 2024 Live Updates: Rajesh Sinha Sr. Research Analyst at Bonanza Portfolio
"Companies like Ahluwalia Contracts, KNR Constructions, PNC Infratech, RITES, and KEC International are likely to benefit from increased capital expenditures on infrastructure projects including roads, railways, and urban development."
Jul 16, 2024, 7:08 pm IST
Budget 2024 Live Updates: Rajesh Sinha Sr. Research Analyst at Bonanza Portfolio
"The Finance Minister is expected to take steps to provide economic boost to sustain India’s growth momentum. In first Union Budget post Lok Sabha elections, there is expectation that Finance Minister will provide relief on the income tax front to put more money in the hands of the common man and even the middle class."
Jul 16, 2024, 6:26 pm IST
Budget 2024 Live Updates: Gaurav Jalan, Founder & CEO, mPokket
"We expect this to be through a dual approach of easing credit access to small and medium businesses to catalyse their growth and through incentives on research and investments from the private sector."
Jul 16, 2024, 6:26 pm IST
Budget 2024 Live Updates: Gaurav Jalan, Founder & CEO, mPokket
"We expect the government to double down on initiatives relating to upskilling of youth to improve employability. Alongside this, increasing jobs is expected to be the core government agenda."
Jul 16, 2024, 5:54 pm IST
Budget 2024 Live Updates: Winny Patro, CEO & Co-founder, Recordent
"Benchmarking payment terms based on sectors and nature of products/services could be another solution. Hoping that the upcoming budget gives importance to solve this massive problem of ₹10 lakh+ crore late payments stuck in the MSME sector in India."
Jul 16, 2024, 5:54 pm IST
Budget 2024 Live Updates: Winny Patro, CEO & Co-founder, Recordent
"There is a need to address the problem holistically like how the banking industry got better with timely payments due to credit bureaus. MSME data stack could be one of the solutions to reduce credit risk and avoid late payments."
Jul 16, 2024, 5:05 pm IST
Budget 2024 Live Updates: Imran Kagalwala, Co-Founder at Unix India
"Localization of components and raw materials is also critical to reducing dependency on imports and strengthening domestic manufacturing capabilities. Policy reforms and investments in skill development are expected to prepare the workforce for future challenges and opportunities in the global market."
Jul 16, 2024, 5:05 pm IST
Budget 2024 Live Updates: Imran Kagalwala, Co-Founder at Unix India
"In the upcoming Union Budget, consumer electronics manufacturers in India are looking forward to strategic initiatives aimed at fostering innovation and enhancing research & development (R&D) capabilities."
Jul 16, 2024, 4:23 pm IST
Budget 2024 Live Updates: Ravichandran V - Chairperson & Trustee, eVidyaloka
"It is imperative to increase spending on Education and Skills Development to 6% of GDP initially, with a progressive target of reaching 7% over the next five years. This investment is essential to ensure that our education system is adequately resourced to meet the challenges of the 21st century and beyond."
Jul 16, 2024, 4:22 pm IST
Budget 2024 Live Updates: Ravichandran V - Chairperson & Trustee, eVidyaloka
"Our ask for the Education Sector is clear and pivotal for India's future growth and development. Over the past decade, government spending on education has regrettably declined from 3.1% to 2.9% of GDP."
Jul 16, 2024, 3:57 pm IST
Budget 2024 Live Updates: Mahesh Krishnamoorthy, Managing Director, Core Integra
"Interest limits on housing loans and principal repayments could be enhanced further. Income Tax Returns could be simplified for Employees who have no other source of income other than salary, the submission by Employer along with TDS as applicable must be considered as auto filing of returns.”
Jul 16, 2024, 3:56 pm IST
Budget 2024 Live Updates: Mahesh Krishnamoorthy, Managing Director, Core Integra
"Few asks could include raising the basic exemption slab to at least 5 lacs and simplifying the tax rates to 10%, 20% and maximum 30% along with eliminating the surcharge and cess. Sec. 80C limits could be enhanced to at least 3 lacs from the current 1.5 lacs."
Jul 16, 2024, 3:56 pm IST
Budget 2024 Live Updates: Mohan Krishnamurthy Madwachar, Country Manager, Sattrix
"Introducing tax breaks for companies utilizing SOC services would incentivize robust cybersecurity investments, potentially expanding our client base. Supporting Public-Private Partnerships (PPPs) would combine government resources with private sector expertise, fostering a stronger national cyber defense strategy."
Jul 16, 2024, 3:56 pm IST
Budget 2024 Live Updates: Mohan Krishnamurthy Madwachar, Country Manager, Sattrix
"we look forward to increased allocation for cybersecurity initiatives. This funding could enhance infrastructure to handle larger data volumes and complex threats, improving detection and mitigation capabilities."
Jul 16, 2024, 3:49 pm IST
Budget 2024 Live Updates: Ashish Singhal, Co-founder, CoinSwitch
"The threshold of Rs 10,000 / Rs 50,000 can also be revisited. Most of the crypto sellers (mainly individuals) are in the low-income bracket. Increasing the threshold will reduce the administrative burden on the tax department in processing refunds."
Jul 16, 2024, 3:48 pm IST
Budget 2024 Live Updates: Ashish Singhal, Co-founder, CoinSwitch
"We believe that with a new Government in place, and to capitalise on India’s Web3 opportunity, a relook at the tax treatment on VDAs in the July 2024 Union Budget will be very timely."
Jul 16, 2024, 3:02 pm IST
Budget 2024 Live Updates: Chandra Ganjoo, Group CEO, Trivitron Healthcare
"The upcoming Indian budget is expected to focus on 360-degree innovation across all sectors. People are looking forward to measures that will boost economy, create jobs, enhance infrastructure, and advance technology. There is also a strong anticipation for the budget to address healthcare, education, and sustainable development comprehensively."
Jul 16, 2024, 3:01 pm IST
Budget 2024 Live Updates: Rishabh Sethia, Director & Business Administrator, MARS Cosmetics
“For the upcoming 2024 Union budget, we expect the government to put major emphasis on improved tax incentives and a comprehensive restructuring of the taxation system. This will help in creating a better and a favorable environment for investment."
Jul 16, 2024, 3:01 pm IST
Budget 2024 Live Updates: Manikanth Challa, CEO and Founder of Workruit
"Our expectations from this budget are centered on continued support for digital infrastructure and technology-driven solutions that can streamline recruitment and foster entrepreneurial growth."
Jul 16, 2024, 3:01 pm IST
Budget 2024 Live Updates: Mr. Sripal Jain, CA, CPA, Co-Founder and Global Instructor at Simandhar Education
"The upcoming Union Budget presents a significant opportunity for the government to enhance competency in technology-driven accounting processes. India's potential as a global hub for skilled accounting professionals is immense."
Jul 16, 2024, 3:01 pm IST
Budget 2024 Live Updates: Anish Srikrishna, CEO, TimesPro
“The Budget for 2024-25 is anticipated to be reform-oriented and immensely crucial for India to compete and adapt amid significant global political and economic shifts. At TimesPro, we remain hopeful that the Hon. Finance Minister will prioritise the education sector, ushering in comprehensive reforms with a key focus on taxation."
Jul 16, 2024, 3:00 pm IST
Budget 2024 Live Updates: Pankaj Dhingra, CA & CPA, Co-Founder & Managing Partner, FinTram Global
"As the budget approaches, there's hope for reduced GST on international qualifications, easier access to educational loans, and improved employment prospects for certified professionals."
Jul 16, 2024, 3:00 pm IST
Budget 2024 Live Updates: Saurabh Arora, Founder & CEO, University Living
“In anticipation of the upcoming budget, we at University Living urge the government to consider essential measures that can significantly benefit Indian students pursuing education abroad. Increased fund allocation to the higher education sector will be highly appreciated by the growing student community in India."
Jul 16, 2024, 2:24 pm IST
Budget 2024 Live Updates: Abhijit Zaveri, Founder & Director, Career Mosaic
“As we approach the upcoming budget announcement, we anticipate that the government will foster more international partnerships and collaboration as seen with the opening of GIFT City creating new opportunities and fostering collaboration between Indian and international universities, creating avenues for cross-cultural learning and research in Ahmedabad Gujarat."
Jul 16, 2024, 2:08 pm IST
Budget 2024 Live Updates: Aritra Ghosal, Founder and Director of OneStep Global
"To further accelerate global mobility, I encourage the government to reduce interest rates on education loans and increase financial aid support for aspiring study abroad students. These measures will ease their financial burden and help cultivate a generation of globally competent and confident individuals.”
Jul 16, 2024, 2:07 pm IST
Budget 2024 Live Updates: Aritra Ghosal, Founder and Director of OneStep Global
"Such initiatives will open new pathways for knowledge and workforce exchange and streamlining the process for foreign universities to establish campuses in India will also strengthen India's international standing and prioritize global education."
Jul 16, 2024, 2:07 pm IST
Budget 2024 Live Updates: Aritra Ghosal, Founder and Director of OneStep Global
“Given the government's emphasis on developing a skilled workforce for multicultural environments and the increase in funding for higher education reflected in the interim budget, it is expected that the government will support more partnerships like the Australia-India educational collaboration."
Jul 16, 2024, 1:12 pm IST
Budget 2024 Live Updates: Meenakshi Kachroo Chatta- Senior Director & Regional Head, College Board – India, South & Central Asia
"Investments in digital infrastructure will ensure that students from all corners of India can access world-class education and resources. By prioritizing these aspects, the budget can be a catalyst for empowering Indian students to become global leaders."
Jul 16, 2024, 1:00 pm IST
Budget 2024 Live Updates: Meenakshi Kachroo Chatta- Senior Director & Regional Head, College Board – India, South & Central Asia
"With the growing demand for international education, it is imperative that the budget addresses the need for better financial assistance. We hope to see announcements that foster international academic collaborations and invest in technological advancements in education."
Jul 16, 2024, 12:37 pm IST
Budget 2024 Live Updates: Meenakshi Kachroo Chatta- Senior Director & Regional Head, College Board – India, South & Central Asia-
“The upcoming budget presents a unique opportunity to transform the landscape of higher education in India. We anticipate significant investments and initiatives aimed at enhancing accessibility to quality education through increased scholarships and financial aid."
Jul 16, 2024, 12:21 pm IST
Budget 2024 Live Updates: Shrawan Daga, CEO, Krishna’s Herbal & Ayurveda
"We expect more robust investments in research and development, infrastructure, and education within the Ayurveda sector. This will help India position itself as a global leader in holistic health and wellness.”
Jul 16, 2024, 12:08 pm IST
Budget 2024 Live Updates: Shrawan Daga, CEO, Krishna’s Herbal & Ayurveda
“As we look forward to the upcoming 2024 Union Budget in July, we anticipate the Budget to cover more of AYUSH product registration expenses in foreign countries. This will reduce financial barriers for Ayurvedic exporters, fostering a more expansive and competitive global market."
Jul 16, 2024, 11:51 am IST
SENSEX and NIFTY Update
Stock Market Live Updates
Jul 16, 2024, 11:43 am IST
Budget 2024 Live Updates: Rahul Singh, Co-founder Of EcoSoul Home
"The Interim Budget’s vision for Viksit Bharat by 2047 focuses on inclusive and sustainable development. So companies working on climate, environment, and ESG solutions expect this year’s Union Budget to support them through grants, incentives, and simpler regulations to succeed."
Jul 16, 2024, 11:18 am IST
Budget 2024 Live Updates: Rahul Singh, Co-founder Of EcoSoul Home
"SMEs are the backbone of our industry, therefore, we expect the government to implement green fuel tax credits, subsidized loans, and incentives for those voluntarily complying with ESG standards."
Jul 16, 2024, 11:10 am IST
Budget 2024 Live Updates: Rahul Singh, Co-founder Of EcoSoul Home
"As the need for sustainability increases, we expect the upcoming Union Budget to show its commitment to the environment by prioritizing sustainable investments. For companies who are embracing green technologies, we expect significant allocations towards renewable energy projects and incentives."
Jul 16, 2024, 10:37 am IST
Budget 2024 Live Updates: Tarun Singh, Managing Director of Highbrow Securities
"Incentivizing MSMEs with tax benefits, subsidies, and support for technological upgrades will promote a focused approach on value creation. This will ultimately strengthen the overall economic framework, driving sustainable growth and development."
Jul 16, 2024, 10:32 am IST
Budget 2024 Live Updates: Tarun Singh, Managing Director of Highbrow Securities
"Recent developments have opened new funding avenues for MSMEs through innovative value-building and asset unlocking strategies. Encouraging such financial strategies elevates corporate governance and financial reporting standards."
Jul 16, 2024, 10:21 am IST
Budget 2024 Live Updates: Tarun Singh, Managing Director of Highbrow Securities
"Some measures are poised to empower MSMEs by reducing operational costs, enabling them to expand their customer base, and enhancing their competitiveness on a global scale."
Jul 16, 2024, 10:06 am IST
Budget 2024 Live Updates: Tarun Singh, Managing Director of Highbrow Securities
“As the budget approaches, I am optimistic about transformative reforms that will uplift the MSME sector, a cornerstone of our economy. I foresee initiatives aimed at investment in human capital, improved credit access, streamlined listing processes, extended moratoriums, lower interest rates, and interest subvention schemes."
Jul 16, 2024, 9:44 am IST
Budget 2024 Live Updates: Ashok Rajpal -Managing Director - Ambrane India
"Critical investments in infrastructure and technology will be pivotal for the growth of the electronics manufacturing sector. Tax incentives and streamlined regulatory processes are essential for sustaining sectoral health."
Jul 16, 2024, 9:32 am IST
Budget 2024 Live Updates: Ashok Rajpal -Managing Director - Ambrane India
"We anticipate continued support in the upcoming budget. To elevate our industry to global standards, it is imperative to enhance support for exporting 'Made in India' products. As the budget approaches, we look forward to policies that reinforce domestic manufacturing, foster innovation, and enhance our global competitiveness."
Jul 16, 2024, 9:30 am IST
Market Opens With Mild Gains; Bharti Airtel Top Gainer
Amid mixed global cues, Indian stock indices opened slightly in the green on July 16. The Sensex gained 138.80 points, or 0.17%, to reach 80,803.66, while the Nifty rose by 42.90 points, or 0.17%, to stand at 24,629.60.
Jul 16, 2024, 9:23 am IST
Budget 2024 Live Updates: Ashok Rajpal -Managing Director - Ambrane India
"For the Budget, there is a strong sense of optimism within the electronics industry. The Government’s Production-Linked Incentive (PLI) schemes have already demonstrated their potential, driving remarkable growth, attracting investments, and enhancing our manufacturing capabilities."
Jul 16, 2024, 9:08 am IST
Rupee Opens Mildly Higher Vs Yesterday's Close
The Indian Rupee opened steady at 83.59 per US Dollar on Tuesday, unchanged from Monday's close of 83.60.
Jul 16, 2024, 8:56 am IST
Budget 2024 Live Updates: Anuj Munot, CEO & Founder of UrbanWrk
"Reducing 28% GST on cement and providing industry status to real estate can lower construction costs and enable developers to access loans at reduced interest rates. Additionally, implementing a single-window clearance system will expedite project approvals and foster a more efficient and investor-friendly environment."
Jul 16, 2024, 8:38 am IST
Budget 2024 Live Updates: Anuj Munot, CEO & Founder of UrbanWrk
"Pivotal moment for the Indian real estate sector that has demonstrated sturdy performance in the last few quarters."
Jul 16, 2024, 8:17 am IST
Budget 2024 Live Updates: FM Likely To Focus On Infrastructure Development?
The forthcoming budget is expected to prioritize key infrastructure sectors such as roads, railways, airports, and urban development. Anticipated increases in spending are likely to benefit highways, roads, bridges, and urban infrastructure projects like Bharatmala and Sagarmala. The Ministry of Road Transport & Highways may see a 10-15 percent year-on-year rise in allocation, emphasizing the expansion of the road network.
In addition, dedicated funds are likely to be allocated for major initiatives such as the Jal Jeevan Mission, High-Speed Rail, Smart Cities, and Inland Waterways Development, aligning with the goals of the National Infrastructure Pipeline (NIP).
Jul 16, 2024, 7:54 am IST
Budget 2024 Live Updates: Modi 3.0 Govt Likely To Broaden Tax Base?
With the Union Budget just over a week away, there is a general consensus that the first budget of Modi 3.0 will likely focus on broadening the tax base for Indian citizens while maintaining the current fiscal targets. Anand K Rathi, co-founder of Mira Money, predicts that Budget 2024 will be relatively standard, with no significant changes or deductions anticipated. However, Rathi notes, "The focus will likely be on increasing the tax base, which is currently very limited."
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