New Delhi: Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired a review meeting today to assess the Budgeted Capital Expenditure (Capex) of the Ministry of Railways (MoR) for the fiscal year 2024-25. This meeting is part of a series aimed at evaluating the Capex outlays of key ministries and departments following the Union…
New Delhi: In a series of upcoming review meetings, Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, will assess the progress of Capital Expenditure (Capex) by various ministries and departments with significant outlays. The first such meeting, held today, focused on the Ministry of Road, Transport and Highways, and the Department of Telecom, Ministry…
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 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 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 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…
New Delhi: The Union Budget 2024-25, presented by Union Finance and Corporate Affairs Minister Nirmala Sitharaman, has introduced significant changes to the Capital Gains Tax framework, aiming to simplify and rationalize the tax structure. Under the new proposal, short-term gains on certain financial assets will be taxed at a flat rate of 20%. This change…
New Delhi: In her Union Budget 2024-25 speech delivered in Parliament today, Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman, underscored the critical role of infrastructure in driving economic growth. She announced a substantial allocation of ₹11,11,111 crore for capital expenditure, equating to 3.4% of the country’s GDP. This commitment highlights the government’s dedication…
New Delhi: In a strong commitment to enhancing the role of women in economic development, the Union Budget 2024-25, presented by Union Minister for Finance & Corporate Affairs Nirmala Sitharaman, has allocated over ₹3 lakh crore for schemes benefiting women and girls. This allocation is part of a broader strategy to promote women-led development and…
New Delhi: Presenting her seventh consecutive Budget, Finance Minister Nirmala Sitharaman unveiled a series of landmark projects and significant fund allocations aimed at Bihar and Andhra Pradesh. These announcements come in response to the demands of both states for special category status and special packages following their bifurcations, and reflect the strategic alliance of the…
