Jul 18, 2024, 5:16 pm IST
Budget 2024 Live Updates: Rahul Misra, Founder of Vesta Elder Care
"Additional support for home healthcare services, advancements in medical technology, and training for healthcare professionals will be crucial in meeting the growing demand for comprehensive and compassionate care."
Jul 18, 2024, 5:01 pm IST
Budget 2024 Live Updates: Rahul Misra, Founder of Vesta Elder Care
"We anticipate further steps to strengthen the healthcare infrastructure, enhance accessibility, and ensure the provision of quality care, especially for the elderly."
Jul 18, 2024, 4:43 pm IST
Budget 2024 Live Updates: Rahul Misra, Founder of Vesta Elder Care
"In 2024, the total expenditure of the industry has increased from ₹79,221 crore in 2023-24 to ₹90,171 crore in 2024-25, showcasing a significant commitment to improving healthcare services."
Jul 18, 2024, 4:32 pm IST
Budget 2024 Live Updates: Rahul Misra, Founder of Vesta Elder Care
"We hope to see continued support and enhancements in government initiatives for the healthcare industry. The interim budget's increased allocations for PMABHIM, Ayushman Bharat-PMJAY, and the PLI scheme reflect a strong focus on affordable healthcare and sustainable development."
Jul 18, 2024, 4:05 pm IST
Budget 2024 Live Updates: Tanishk Pandey, Co-Founder, Ayuvya
"Stakeholders anticipate that Budget 2024 will include measures that will support the Retail Healthcare industry while acknowledging Ayurveda's distinctive contributions to holistic healthcare."
Jul 18, 2024, 3:51 pm IST
Budget 2024 Live Updates: Tanishk Pandey, Co-Founder, Ayuvya
"Concerns regarding how GST rates affect healthcare accessibility have also led to requests for beneficial tax reforms that would ease financial burdens and encourage inclusive growth in the industry."
Jul 18, 2024, 3:40 pm IST
Budget 2024 Live Updates: Tanishk Pandey, Co-Founder, Ayuvya
"Stakeholders want the government to improve infrastructure investments for traditional medicine operations and streamline regulatory procedures in order to address these problems."
Jul 18, 2024, 3:23 pm IST
Budget 2024 Live Updates: Tanishk Pandey, Co-Founder, Ayuvya
"The healthcare market is estimated to be worth .7 billion by FY 2028, but the Ayurvedic sector has several obstacles to overcome. Inconsistent legislative frameworks and inadequate infrastructure support prevent Ayurveda's progress."
Jul 18, 2024, 3:01 pm IST
Budget 2024 Live Updates: Mihir Jain, Sales and Marketing Director, Insight Cosmetics
"Streamlined regulatory procedures for product approvals will promote faster market entry as well. These actions could greatly aid in realizing our growth potential and broadening our global reach, as e-commerce and personal grooming are becoming increasingly popular."
Jul 18, 2024, 2:46 pm IST
Budget 2024 Live Updates: Mihir Jain, Sales and Marketing Director, Insight Cosmetics
"This cut might make things more affordable, which would raise demand and support the growth of small and medium-sized businesses. 'Make in India' campaigns might benefit from incentives for domestic R&D and manufacturing."
Jul 18, 2024, 2:32 pm IST
Budget 2024 Live Updates: Mihir Jain, Sales and Marketing Director, Insight Cosmetics
"The retail skincare and cosmetics sector is optimistic about supportive measures that could spur further growth as we approach the 2024 budget. It is anticipated that the government may contemplate reducing the 18% GST rate on beauty and personal care items to a more affordable rate."
Jul 18, 2024, 1:59 pm IST
Market Hits All-Time High
The market reached an all-time high, with the Sensex crossing 81,000 for the first time ever and the Nifty surpassing 24,700. Leading the gains in the Nifty 50 were LTIMindtree, TCS, Bajaj Finserv, Wipro, and ONGC.
Jul 18, 2024, 1:14 pm IST
Budget 2024 Live Updates: Deepak Jain, CEO and founder of Lass Natural
"We think these actions will benefit our sector and further environmental objectives, given the growing consumer awareness of and preference for organic cosmetics."
Jul 18, 2024, 1:14 pm IST
Budget 2024 Live Updates: Deepak Jain, CEO and founder of Lass Natural
"Manufacturers who are dedicated to lessening their environmental impact would greatly profit from subsidies for research and development in green technologies."
Jul 18, 2024, 1:14 pm IST
Budget 2024 Live Updates: Deepak Jain, CEO and founder of Lass Natural
"We look for incentives that lessen the tax burden on environmentally friendly packaging options and encourage the development of organic components."
Jul 18, 2024, 1:13 pm IST
Budget 2024 Live Updates: Deepak Jain, CEO and founder of Lass Natural
"The retail organic cosmetics sector is hoping for regulations that would encourage innovation and sustainable growth as the new budget announcement draws near. The growing customer demand for natural and eco-friendly products is fueling our sector's strong annual growth."
Jul 18, 2024, 12:33 pm IST
Budget 2024 Live Updates: Waqas Lasania, Founder of EuropeGirl Cosmetics
"Incentives for entrepreneurship and increased employment would result from tax reduction for small and medium-sized businesses, which account up 45% of our industry. Expediting regulatory processes would allow new items to reach the market sooner, allowing us to stay up to date with consumer demands and worldwide trends."
Jul 18, 2024, 12:33 pm IST
Budget 2024 Live Updates: Waqas Lasania, Founder of EuropeGirl Cosmetics
"Reducing import taxes on necessary finished products and raw materials will also assist in lowering the cost of high-quality cosmetics for the final customer. Import taxes can already increase the price of products by up to 30%; lowering them would be advantageous to consumers as well as businesses."
Jul 18, 2024, 12:32 pm IST
Budget 2024 Live Updates: Waqas Lasania, Founder of EuropeGirl Cosmetics
"Given the 15% annual growth rate in consumer demand for eco-friendly and health-conscious products, we want to see incentives for research and development in sustainable and natural products. "
Jul 18, 2024, 11:12 am IST
Budget 2024 Live Updates: Nitin Chaudhary, Founder of NC Financial Advisory Services (NCFAS)
"To reward patient investors, Nitin suggests implementing a lower LTCG tax rate for investments held for more than five years. He proposes reducing the tax rate to 5% or even 0% for these long-term investments."
Jul 18, 2024, 11:00 am IST
Budget 2024 Live Updates: Nitin Chaudhary, Founder of NC Financial Advisory Services (NCFAS)
"From an investor’s perspective, the government should consider increasing the remittance limit under the Liberalized Remittance Scheme (LRS) from .5 lakh for investment purposes, thereby promoting greater flexibility and opportunities for investors."
Jul 18, 2024, 10:56 am IST
Budget 2024 Live Updates: Nitin Chaudhary, Founder of NC Financial Advisory Services (NCFAS)
"Increase in Tax-Free Long-Term Capital Gain Limit: The current tax-free limit of ₹1 lakh should be revisited and increased to encourage long-term investments."
Jul 18, 2024, 10:16 am IST
Budget 2024 Live Updates: Kirang Gandhi, Personal Finance Mentor
"Simplifying the tax filing process and offering relief on housing loan interest rates are also high on their wish list. They are seeking a more favorable tax regime for capital gains, aiming for reduced rates and simplified rules."
Jul 18, 2024, 10:16 am IST
Budget 2024 Live Updates: Kirang Gandhi, Personal Finance Mentor
“Salaried individuals are hoping that Finance Minister will introduce measures in Budget 2024 to ease their tax burden. Key expectations include raising the basic exemption limit, increasing standard deductions, and providing additional tax benefits for investments in health insurance and retirement savings."
Jul 18, 2024, 9:45 am IST
Budget 2024 Live Updates: Samir e, Co-founder & Chief Financial Officer of hBits
"The Indian government's budget for 2024-25 prioritizes both economic growth and fiscal responsibility. It sets an ambitious GDP growth target of 7.5%, reflecting confidence in the post-pandemic recovery."
Jul 18, 2024, 9:31 am IST
Market Opens With Minor Cuts Amid Weak Global Cues, Sensex & Nifty Fall
Amid weak global cues, the Indian indices opened lower on July 18, with the Nifty falling below 24,550. The Sensex dropped 173.36 points or 0.21% to 80,543.19, while the Nifty declined 62.20 points or 0.25% to 24,550.80. Among the market participants, 1,453 shares advanced, 1,081 shares declined, and 193 shares remained unchanged.
Top gainers on the Nifty included LTIMindtree, Apollo Hospitals, Infosys, TCS, and Wipro, while Asian Paints, Bajaj Auto, Eicher Motors, Hero MotoCorp, and Cipla were among the major losers.
Jul 18, 2024, 9:12 am IST
Rupee Opens Flat
The Indian Rupee opened steady at 83.58 per US Dollar on Thursday, matching Tuesday's closing rate of 83.58.
Jul 18, 2024, 8:21 am IST
Budget 2024 Live Updates: Sandeep Katiyar, Co-Founder and CFO, Finhaat
"We are expecting that there will amendment in Insurance Act 1938 for allowing entry of more regulated entities like Standalone Micro-insurance Co or Managing General Agent (MGA) - allowing this will support increase in the spread and insurance penetration."
Jul 18, 2024, 8:20 am IST
Budget 2024 Live Updates: Sandeep Katiyar, Co-Founder and CFO, Finhaat
"We are expecting indirect tax rationalisation on affordable health policies. Currently, there is 18% GST applicable on all health policies; we are expecting lower GST rates for affordable health insurance plans in the view of GoI initiative looking to universalise health insurance."
Jul 18, 2024, 8:15 am IST
Focus on schemes related to common man, experts say
Common man, specially rural sector may see new schemes or upgraded current schemes for development and government benefits.
Jul 18, 2024, 8:04 am IST
Income tax relief likely for salaried employees?
The government might consider raising the standard deduction to at least Rs 1 lakh, streamline tax slabs, taxation of employer contributions and ESOPs tax while giving a higher allocation of capital expenditure with a focus on boosting rural sector demand in the Union Budget, experts believe.
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