New Delhi: In a decisive step towards advancing renewable energy, Finance Minister Nirmala Sitharaman announced significant measures to bolster solar energy and renewable resources. Key highlights include the expansion of exemptions for capital goods used in solar cell and panel manufacturing and the launch of the PM Suryaghar Muft Bijli Yojana, which aims to provide…
New Delhi: In a major push towards green mobility, the Ministry of Heavy Industries has announced the Electric Mobility Promotion Scheme (EMPS) – 2024 through a gazette notification (1334 E) dated March 13, 2024. The scheme, aimed at bolstering the electric vehicle (EV) manufacturing ecosystem in India, will run from April 1, 2024, to July…
New Delhi: In a significant move to benefit consumers, the Finance Minister announced a reduction in customs duty on mobile phones, mobile PCBAs, and mobile chargers to 15 per cent. This decision comes on the heels of a remarkable three-fold increase in domestic production and an almost 100-fold surge in mobile phone exports over the…
Patna: Bihar Chief Minister Nitish Kumar welcomed the special package from the Union government for infrastructure projects in the state. After Union Finance Minister Nirmala Sitharaman presented the Union Budget on Tuesday, the Chief Minister noted that though Bihar has not been granted special status, the Central government has begun providing special assistance to the state….
New Delhi: Amidst a global economy with a positive outlook yet political uncertainties, India’s economic growth continues to be robust with a low and stable inflation rate. The growth is expected to remain strong in the years ahead. The Indian Fisheries sector, termed the ‘sunrise sector’ of the Indian economy, has been experiencing the highest…
New Delhi: In the Union Budget 2024-25, the Ministry of Defence (MoD) has been allocated ₹6,21,940.85 crore (approx. $75 billion), the highest among all ministries. This allocation includes an additional ₹400 crore for the Acing Development of Innovative Technologies with iDEX (ADITI) scheme, aimed at fostering innovation in defence technology. Finance Minister Nirmala Sitharaman announced…
New Delhi: In a significant move aimed at bolstering higher education and research in India, Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman, unveiled a series of key initiatives while presenting the Union Budget for 2024-25 in Parliament today.
New Delhi: In a significant move to boost India’s start-up ecosystem, Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, announced the abolition of the controversial ‘angel tax’ for all classes of investors during her Union Budget 2024-25 presentation in Parliament today. This landmark decision aims to remove financial hurdles for emerging businesses and foster…
New Delhi: In a landmark address today, Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman outlined a series of transformative measures aimed at accelerating the adoption of technology and enhancing digitalization across the Indian economy.
New Delhi: In her Union Budget 2024-25 speech delivered in Parliament today, Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, highlighted the significant impact of the Goods and Services Tax (GST) on reducing the tax burden on common man, cutting down compliance costs, and lowering logistics expenses for businesses. She described GST as a…
