No Tax Relief for Crypto Sector, Industry Takes Respite in Angel Tax Abolishment

No Tax Relief for Crypto Sector, Industry Takes Respite in Angel Tax Abolishment

ByNews Polite

Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25 on Tuesday, with a slew of reforms for various sectors. The Budget did not mention cryptocurrencies or blockchain technology, two areas that are currently are unregulated in India. The Web3 sector in India has been urging the government to reduce…

Budget 2023: Fully Imported Cars, Including EVs, to Cost More After 10 Percent Customs Duty Hike

Budget 2023: Fully Imported Cars, Including EVs, to Cost More After 10 Percent Customs Duty Hike

ByNews Polite

Fully imported cars, including electric vehicles will cost more with Finance Minister Nirmala Sitharaman announcing hike in customs duty in the Union Budget 2023-24. Customs duty on vehicles in completely built units (CBUs) costing less than $40,000 (roughly Rs. 32.7 lakh) or with engine capacity less than 3,000 cc for…

Kathy Hochul slammed for B election-year ‘slush funds’
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Kathy Hochul slammed for $1B election-year ‘slush funds’

ByNews Polite

Gov. Kathy Hochul treated herself to nearly $1 billion worth of pork-barrel spending in this year’s state budget — allowing her to freely hand out cash as she runs for election against Republican challenger Lee Zeldin. Hochul and her Democratic allies in the Legislature added the $920 million worth of…