New Delhi: The opposition INDIA bloc staged a protest inside Parliament today, denouncing the Union Budget 2024 as ‘discriminatory’ and demanding fair treatment for all states. They accused the government of favouring Bihar and Andhra Pradesh—states governed by BJP’s key allies—while neglecting others. Union Finance Minister Nirmala Sitharaman announced projects worth ₹59,000 crore for Bihar…
New Delhi: Presenting the Union Budget 2024-25, Union Minister of Finance and Corporate Affairs Nirmala Sitharaman emphasized the government’s commitment to supporting domestic manufacturing, enhancing local value addition, promoting export competitiveness, and simplifying taxation. The new Customs Duty rates are designed to cover a wide range of commodities, from life-saving medicines to rare earth minerals,…
New Delhi: Union Minister for Railways, Information and Broadcasting, and Electronics & IT, Ashwini Vaishnaw, today highlighted the resilience and robust footing of the Indian economy, attributing its strength to a combination of welfare measures, fiscal prudence, capital investment, and a focus on manufacturing. He emphasized that the budget presented by Finance Minister Nirmala Sitharaman…
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…
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 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: Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, today presented the Union Budget 2024-25 in Parliament, emphasizing significant support for Micro, Small, and Medium Enterprises (MSMEs) and labour-intensive manufacturing sectors.
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: To boost tourism and regional development, Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, announced substantial support for Odisha and other key regions in her Union Budget 2024-25 speech.
