Men feature as the central figure in 84 per cent of financial advertisements, according to new research from Mannheim Business School. This could explain lower financial confidence and reluctance to manage finances among women actively.

The services sector continues to be a significant contributor to India’s growth, accounting for about 55 per cent of the total size of the economy in FY24, states Economic Survey 2023-2024 tabled in Parliament by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Monday.

Despite the global economy remaining under the grip of policy uncertainties, India’s economic growth continues to be the shining exception and will remain so in the years ahead.

Several attractive benefits to provide tax relief to salaried individuals and pensioners opting for the new tax regime were announced by the Union Finance and Corporate Affairs Minister Nirmala Sitharaman while presenting the Union Budget 2024-25 in Parliament on Tuesday.

India’s real GDP is projected to grow between 6.5–7 per cent in 2024-25. The Indian economy recovered swiftly from the pandemic, with its real GDP in FY24 being 20 per cent higher than the pre-COVID, FY20 levels. This was stated by the Economic Survey 2023-24 presented in Parliament by the Union Minister of Finance and Corporate Affairs Nirmala Sitharaman.

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman proposed to abolish ‘angel tax’ for all classes of investors while presenting the Union Budget 2024-25 in Parliament on Tuesday. She added that this move is aimed at bolstering the Indian start-up eco-system, boosting the entrepreneurial spirit and supporting innovation.