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India's Finance Minister Nirmala Sitharaman has announced a significant tax holiday for foreign companies establishing data centers in India until 2047. This move aims to attract global investment and boost economic growth. The budget also focuses on fiscal consolidation and increased government spending on infrastructure. However, proposed changes to stock transaction tax and buyback taxation have raised concerns among investors.
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Northwest Indiana residents protested high NIPSCO utility bills on Sunday, with most concerned with high gas delivery charges.
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The budget simplifies tax collection with revised Tax Collected at Source (TCS) rates, significantly benefiting overseas travelers, students, and those seeking medical treatment abroad. Changes include a reduced 2% TCS on education, medical, and tour packages under 10 lakh, easing upfront costs.
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