Everyone reads Business News. But what's the story behind the news? In Business Tit-Bits, our Business Editor Mr Akhilesh Bhragava analyzes important happenings from the Business World. For, In-depth understanding of Business and Finance developments, listen to Business Tit-Bits.
Finance Minister Nirmala Sitharaman in Union Budget 2023 has announced attractive incentives and rebates in the new income tax regime, a steep hike in capital investments and the biggest ever outlay in railways. The rebate limit in the new tax regime is increased from Rs 5 lakh to 7 lakh and there is a corresponding easing of the tax slabs. The new tax regime is the default. Sitharaman has proposed an increase in capex by 33 per cent to Rs 10 lakh crore. States are also being incentivised to spend more on infra. Rs 2.40 lakh crore has been allocated for Indian Railways, which is the highest ever. In this episode of the BUsiness Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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29 Jan 2023
Business Tit-Bits: Going, Going, Gone Mechanic...
Car workshop and auto spare parts platform, GoMechanic is going to let go of approximately 70% of its workforce. This was announced by co-founder Amit Bhasin in a long LinkedIn post. GoMechanic, which offers everything from mechanics to carwashing services on an app, bills itself as having India’s largest auto service center network. With its funding round in jeopardy, the startup is now facing a cash crunch, the people said.
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28 Jan 2023
Business Tit Bits: The Economy and The Budget
Business Tit Bits: The Economy and The Budget | Nirmala Sitharaman | BJP | Delhi |
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