General Elections
Sensex Hits 75,000 Milestone Ahead of General Elections: A Decade of Growth Analysis
| April 10, 2024, 5:03 a.m.
Sensex Hits 75,000 Milestone Ahead of General Elections: A Decade of Growth Analysis
The Sensex reached a historic milestone of 75,000 just before the Lok Sabha elections, marking a remarkable journey from 25,000 ten years ago. Despite fluctuations, 18 stocks have maintained their elite status, with Reliance Industries leading the pack. The Sensex's rapid growth from 50,000 to 75,000, outperforming global indices, reflects India's robust economic trajectory under the NDA government.
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National Congress Political Party Flag
| April 1, 2024, 11:41 a.m.
Income Tax Department Relents, Suspends Coercive Action Against Congress Amidst Tax Demands
In a significant development, the Income Tax department has announced its decision to refrain from taking coercive measures against the Indian National Congress amidst tax demands amounting to approximately ₹3500 crore. This decision, made during a Supreme Court hearing, follows fresh notices from the Income Tax department raising substantial tax demands against the Congress. The department's concession aims to avoid disruptions during the ongoing General Elections. The Congress has challenged the tax demands, asserting that political parties should not be taxed based on gross receipts.
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Highlights of India Budget 2024: Finance Minister announces 2 crore more houses under Pradhan Mantri Awas Yojana – Gramin (PMAY-G) . No changes to income tax slabs.
Budget 2024 Key Highlights: Fiscal deficit target for 2024-25 at 5.1% of GDP; no changes to income tax slabs
No Major Tax Changes in Interim Budget, Focus on Growth
Fiscal Deficit Target Lowered to 5.8% in Interim Budget
Infrastructure, Digital Push to Drive Growth in Interim Budget
Education Sector Seeks Higher Allocation, NEP Implementation in Budget
Sitharaman Presents Interim Budget, Focuses on Fiscal Consolidation and Growth
Sitharaman's Last Budget Before 2024 Elections Focuses on Rural India
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