Union Budget 2024-25: Exemption of Capital Goods for Solar Energy Expanded, New Solar and Renewable Initiatives Announced

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…

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Union Budget 2024-25: Fisheries Sector Gets ₹2,616.44 Crore Boost for Innovation and Growth

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…

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Union Budget 2024-25: Angel Tax Abolished to Strengthen Start-Up Ecosystem and Attract Investment

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…

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States to Be Incentivized for Business Reforms and Digitalization: Union Budget 2024-25 Unveiled

States to Be Incentivized for Business Reforms and Digitalization: Union Budget 2024-25 Unveiled

New Delhi: In a move aimed at advancing India’s business environment and insolvency resolution framework, Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman presented the Union Budget for 2024-25 in Parliament today. The budget emphasizes a commitment to fostering economic growth through significant reforms and digitalization.

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