by AIP Online Bureau | Mar 28, 2025 | Eco/Invest/Demography, Policy
“But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax,” Finance Minister Nirmala Sitharaman said New Delhi: The Rajya Sabha on...
by AIP Online Bureau | Feb 9, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy
Before the Income Tax Bill was cleared by the Cabinet, people in the know said that the legislation would likely provide directions to widen the tax net, given the contraction in the tax base following the exemption limit being raised to Rs 12 lakh in the Union Budget...
by AIP Online Bureau | Dec 16, 2024 | Indian News, Life
As many as 3,72,282 policyholders did not claim maturity benefits during FY2024, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha. During the previous year, he said, the amount worth Rs 815.04 crore belonging to 3,73,329...
by AIP Online Bureau | Dec 8, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation
Given the paucity of time, it is difficult to present the Bill in the ongoing session, sources said, adding it may, however, come in the Budget session. The Department of Financial Services (DFS) has sought public comments on the proposed amendments by December 10 New...
by AIP Online Bureau | Dec 3, 2024 | Data, Eco/Invest/Demography, Policy, Technology
Under the Startup India initiative, the Government is implementing three flagship Schemes, namely, Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS) and Credit Guarantee Scheme for Startups (CGSS) to support startups at various stages of their...
