ConnectBiz Team 
Finance Minister Nirmala Sitharaman has announced tax relief to alternative investment funds (AIFs) in category 1 and 2, classifying securities as capital assets. With this change, AIF will also become similar to foreign portfolio investors. The Finance Minister said in the budget announcements, ‘Alternative investment funds with category 1 and 2 will be able to … Read more
In his eighth budget speech on Saturday, nearly two and a half decades after the liberalization of the Indian insurance sector, Finance Minister Nirmala Sitharaman announced the opening of the country’s insurance sector for 100 percent foreign direct investment (FDI). At present, the limit of foreign investment in India’s insurance sector is 74 percent. Industries … Read more
Union Finance Minister Nirmala Sitharaman, along with his team of top officials, highlighted the specifics of the budget of FY 2025-26 at a press conference with his team. During this, he spoke on many issues like tax simplification path, emphasis on capital expenditure. When will the new tax bill be passed? Finance Minister: Any bill … Read more
Union Commerce and Industry Minister Piyush Goyal told in mutual interaction after Shreya Nandi was presented the budget that the government will help the industry to deal with the regulation of non -fee methods such as the regulation of non -fee methods of European Union (CBAM) of European Union. Major excerpts: Tell us about the … Read more
The stock market was seen fluctuating today with the announcements of the budget. But at the end of the business, it almost closed. The shares of consumer companies gained momentum in the hope of increasing consumption demand from income tax cuts. But the index could not maintain its lead due to the decline in the … Read more
Finance Minister Nirmala Sitharaman announced the introduction of the Export Promotion Mission by allocation of Rs 2,250 crore. Its purpose is to increase India’s export competition at a time when protectionism and uncertainty are increasing globally. The Department of Commerce under the mission, micro, small and medium enterprises (MSME) will set export targets to various … Read more
Finance Minister Nirmala Sitharaman on Saturday introduced the ambitious blueprint for the shoe and leather industry in the budget. It has focused on such schemes, which will pave the way for 4 lakh crore turnover and 1.1 lakh crore targeted exports with 22 lakh jobs in this area. The move aims at the non-flesh footwear … Read more
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Tata Group’s company Trent Limited started February in a tremendous manner. While its stocks were performing the worst in the Nifty 50 index in January, now it has become the fastest escape shares in February. On Saturday, its shares jumped more than 12.14%, which is the biggest one day after August 9, 2024. The company … Read more
The gift given by Dulari Devi to Finance Minister Nirmala Sitharaman by the Bharatiya Janata Party can prove to be the best gift given to Bihar in the budget, where assembly elections are to be held later this year. Sitharaman went on a tour of Mithilanchal for a program. There he met Padma Shri Award … Read more