Monday, March 04, 2024
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Nirmala Sitharaman

During the 28th meeting of the Financial Stability and Development Council (FSDC), FM Sitharaman urged regulators to maintain continuous vigilance and take proactive measures to identify emerging risks to financial stability.

While the interim budget 2024 just indicated what might come in the full budget in July, some major announcements on education and innovation have been received well by the edtech sector

The extension of tax benefits for start-ups, investments by sovereign wealth or pension funds, and exemptions for certain IFSC units till March 31, 2025, got a big thumbs up from industry players

Emphasising the need to give support to the electric vehicle sector, Finance Minister Nirmala Sitharaman announced that the government will expand the ecosystem by supporting charging infrastructure, etc.

While mindful that this is the interim budget, industry stakeholders hope that it will have announcements that foster financial inclusion and help build a robust ecosystem for start-ups

Industry stakeholders are pinning their hopes at various fiscal policies that can strengthen the sector, including a reduction in the GST tax slab

Experts anticipate adjustments in the income tax exemption limits, encouragement for women entrepreneurs, the implementation of a stable long-term taxation policy, and measures to stimulate both consumption and savings in the upcoming interim budget.

During her opening speech at the Global Fintech Fest, the Finance Minister highlighted fintech's role as a dynamic tool for financial inclusion in India

Finance Minister Nirmala Sitharaman has announced that a 28 per cent GST on the full-face value of bets placed on online games will be implemented from October 1

In its 50th meeting earlier this month, the Council headed by Finance Minister Nirmala Sitharaman decided to levy the maximum 28 per cent tax on the full face value of bets in online gaming, casinos and horse racing