Business Standard brings you the top headlines at this hour

taxes, tax, taxing, audit

The money raised through a higher capital gains tax will hardly add much to the Rs 24.4 trillion of revenue receipts and Rs 41.9 trillion of spending estimated for 2023-24

budget

Budget 2023: This budget may galvanize an effective AI ecosystem necessary to nurture buoyancy in GST revenues and improve taxpayer morale and trust in the system

Centre, States' budget, budget

A sharp reduction in states' deficit augurs well for the Centre's fiscal planning

rupee

The FinMin's missive to various departments comes at a time when the Centre's fiscal balance for FY23 is under immense pressure

Prashant Bangur

It is reassuring to see government focus on growth-propelling sectors such as healthcare and infrastructure

Nirmala Sitharaman

Finance Minister Nirmala Sitharaman is likely to strike a fine balance between being fiscally prudent and growth supportive when she presents her fourth straight budget on Tuesday

Parliament

Finance Minister Nirmala Sitharaman will present the Economic Survey 2021-22 on Monday and the Union Budget on Tuesday

chart

To keep their expenditure at the desired levels at a time of significant revenue losses, all states have expanded their fiscal deficits - similar to what the Centre did last month

Chief Economic Advisor  K V Subramanian

Forget fiscal conservatism, turn on the fiscal taps, and ignore debt build-up, says Survey

Budget 2018

What began with food security, off-Budget financing now caters heavily to a range of core spending areas

The numbers in aggregate mean the Government of India will not let the fiscal deficit run away in FY22

India at 53rd position in budget transparency, accountability: IBP survey

Some of the other large developing countries, with the exception of China, have got much higher transparency scores compared to India

NGO, social worker, anganwadi

Presenting her maiden Union Budget, the Minister said that the exchange would help social and voluntary organisations which work for social causes

Finance Minister Nirmala Sitharaman at Lok Sabha

The finance minister also said the government will create a payment platform for MSMEs for payment of bills

Arun, Jaitley, Arun Jaitley

In August, lawmakers had approved $3.1 billion in additional spending for the current financial year

Discount brokers have sustained the rise of the equity cult and gained market share. Now the old guard looks to strike back

Industry players say the number of demat accounts will continue to grow. However, the pace of addition may moderate.

markets, demat account

Half of India's population between the age of 30-55 years believes 59 years should be the age of retirement and thirty-two years is when one should ideally start retirement planning,

investment,saving, money, retirement, rupee

The Apple iPhone 15 Pro Max stands out within the iPhone 15 series and offers substantial improvements over the previous generation model, the iPhone 14 Pro Max

Apple iPhone 15 Pro Max - Natural Titanium

India has been expanding its electronics manufacturing sector as companies diversify production beyond China amid growing Washington-Beijing tensions

Chromebook, Google laptop

Stock market holiday: After Mahatma Gandhi Jayanti on October 2, the market will be closed on October 24, Tuesday, for Dussehra

Stock market, NSE

Prime Minister Justin Trudeau has said Canada is "very serious" about building closer ties with India as it is a growing economic power and important geopolitical player, but wants New Delhi to work with Ottawa to ensure that they get the full facts about the killing of Hardeep Singh Nijjar.
Tensions flared between India and Canada following Trudeau's explosive allegations of the "potential" involvement of Indian agents in the killing of Khalistani extremist Nijjar on his country's soil on June 18 in British Columbia. India had designated Nijjar as a terrorist in 2020.
India angrily rejected the allegations as "absurd" and "motivated" and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case.
Trudeau said despite credible allegations against India, Canada is committed to building closer ties with it, The National Post newspaper reported.
Speaking at a press conference in Montreal, Trudeau said that he thinks it is extrem

Canadian Prime Minister Justin Trudeau

Maruti Suzuki India on Friday said it has received a show cause notice from the GST Authority proposing to demand interest and impose penalty, besides appropriating tax already paid, amounting to Rs 139.3 crore.
The notice pertains to the matter of tax liability under reverse charge basis on certain services for the period of July 2017 to August, 2022, Maruti Suzuki India said in a regulatory filing.
"The company will file a reply to the show cause notice before the Adjudicating Authority," it said, adding that there was no impact on its financial, operation or other activities due to the notice.
The company also said it has received a favourable order from the High Court of Punjab and Haryana wherein appeals filed by the Central Excise Department for the period June 2006 to March 2011 have been dismissed.
The Central Excise Department had filed appeals before the high court against an earlier tribunal order of August 2016, which was passed in favour of the company in which input .

Maruti Suzuki

For both Jio and Airtel, capital expenditure has increased exponentially as they sink in unprecedented levels of  investments into the network rollout for 5G services

5G spectrum

Cut to 2019, L&T was on the buyer side of the table of a hostile takeover of tech company Mindtree

SN Subrahmanyan

Juniper Hotels, which runs hotels under the Hyatt brand, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi)

Stock market

WhatsApp's advantage is that it is the first app millions of Indian check first thing in the morning and innum­e­r­a­ble times during the day and night

Here's how to transfer WhatsApp chats on a new device without cloud backup

X will work with Hilton to create original video content on fashion, beauty, travel and other topics, the company announced Monday

paris hilton

The ruling marks a significant victory for Tesla, as it means the company will not have to face class action claims on behalf of much larger groups of vehicle owners

Tesla, elon Musk

Why is India the graveyard of entertainment gigs? How did MS Swaminathan transform India? How to approach the markets in H2 FY24? What have scientists discovered about antimatter? All answers here

Exposure to natural light may help treat and prevent type 2 diabetes, according to a small study.
The research, presented at the annual meeting of the European Association for the Study of Diabetes (EASD) in Germany from October 2-6, carried out a range of metabolic tests on a group of people with type 2 diabetes when they were exposed to natural light and when they were exposed to artificial light and compared the results.
"The misalignment of our internal circadian clock with the demands of a 24/7 society is associated with an increased incidence of metabolic diseases, including type 2 diabetes," said Ivo Habets of Maastricht University, the Netherlands, who co-led the research.
"Natural daylight is the strongest zeitgeber, or environmental cue, of the circadian clock, but most people are indoors during the day and so under constant artificial lighting," said Habets.
The yet-to-be peer-reviewed study involved 13 participants with an average age of 70 years who stayed in research 

Budget spending

Top headlines: I-T lens on reporting entities, rupee to face headwinds

Superpower's weak institutions

Budget 2023 a roadmap for resurgent India; aims to get fiscal house in order

States do Centre a good turn

Finance Ministry allows govt departments to carry over quarterly spending

Budget 2022: Continuing in the right direction, says Shree Cement's Bangur

FM Nirmala Sitharaman to boost budget spending to support eco growth

Stormy Budget session likely as Oppn to raise Pegasus, farmers' issues

Statsguru: From Bihar to West Bengal, a peep into state Budgets

A call to print more money: Economic Survey sees a 'V-shaped recovery'

Budget Byte: National Small Savings Fund to facilitate off-Budget spending?

Expense planning: Budgetary allocations likely to maintain status quo

India at 53rd position in budget transparency, accountability: IBP survey

Govt to set up 'social stock exchange' to raise capital: FM in Budget 2019

National gas grid, power reforms will be unveiled soon: FM in Budget speech

Govt seeks to increase net spending by $5.2 billion for FY17