Month: February 2024

Green measures announced by Finance Minister in Interim Budget

February 1, 2024 admin

Image for representation only | Photo Credit: AP While presenting the interim budget for 2024, Finance Minister Nirmala Sitharaman announced a set of measures to boost the green economy and the blue economy Among other measures pertaining to finance and infrastructure, Finance Minister Nirmala Sitharaman also announced some green initiatives and steps which will be…

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Union Budget | Centre to expand electric vehicle ecosystem to support charging infra

February 1, 2024 admin

The government will expand the electric vehicle ecosystem to support charging infra, and e-buses for public transport networks will be encouraged, Finance Minister Nirmala Sitharaman said on Thursday, February 1, 2024. Ms. Sitharaman, in her pre-election Budget, which is technically a vote on account and popularly termed an interim Budget, also said the blending of…

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Budget 2024 Highlights: Interim Budget 2024 Key Highlights

February 1, 2024 admin

Union Finance Minister Nirmala Sitharaman poses for photographs before presenting the Interim Budget 2024 in New Delhi on February 1, 2024. | Photo Credit: Shiv Kumar Pushpakar FM Nirmala Sitharaman presented the Interim Budget in the Lok Sabha today. Earlier in the morning, the Union Cabinet met and approved the Budget. Also Read |Budget 2024…

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Interim Budget 2024 | Viability gap funding to be provided for 1 GW offshore wind energy: FM Sitharaman

February 1, 2024 admin

Representational photo | Photo Credit: Reuters Finance Minister Nirmala Sitharaman announced the Government will provide viability gap funding for 1 GW offshore wind energy on February 1, 2024. The country has a target of 500 GW of renewable energy capacity by 2030. She said the viability gap funding will also be provided for harnessing offshore…

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A new scheme will be launched to develop deep tech for defence purposes, says Finance Minister

February 1, 2024 admin

India’s Finance Minister announced a new scheme to develop deep tech for defence purposes while presenting the Interim Budget for 2024-25. | Photo Credit: SHIV KUMAR PUSHPAKAR For tech-savvy youth, a corpus of ₹1 lakh crore will be established with 50-year interest free loans for providing long term financing or refinancing with long tenures and low…

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Interim Budget 2024-2025 documents presented by FM Nirmala Sitharaman

February 1, 2024 admin

Union Finance Minister Nirmala Sitharaman holding a folder-case containing the Interim Budget 2024 at North Block Finance Ministry in New Delhi on February 1, 2024. | Photo Credit: Shiv Kumar Pushpakar Finance Minister Nirmala Sitharaman presented the Interim Budget 2024-2025 in the Lok Sabha on February 1. Highlighting the achievements of the Modi Government for…

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FM withdraws all outstanding direct tax demands upto Rs 25,000, will benefit 1 cr taxpayers

February 1, 2024 admin

Image used for representative purpose. File | Photo Credit: MURALI KUMAR K Resolving long-pending tax dispute, Finance Minister Nirmala Sitharaman on Thursday, proposed withdrawing all outstanding direct tax demands upto ₹25,000 from 1962 to 2009-10. In her interim budget speech, she noted that a large number of petty or disputed direct tax demands were burdening…

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Higher budgetary support for cotton procurement by the Cotton Corporation of India

February 1, 2024 admin

The RoDTEP scheme provides for refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods and are not being reimbursed under any other mechanism at the Centre, state or local level. File photo | Photo Credit: Special Arrangement The Interim Budget 2024 presented on Thursday…

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Budget 2024 Updates | It is a Budget of creating India’s future: PM Modi

February 1, 2024 admin

Terming the Interim Budget presented by Union Finance Minister Nirmala Sitharaman as “progressive”, veteran BJP leader B. S. Yediyurappa complimented her for presenting a realistic Budget that will improve the standard of living of people. The former Karnataka Chief Minister said the Budget reaffirms the commitment of the BJP government towards building a strong, empowered,…

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Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24

February 1, 2024 admin

Finance Minister Nirmala Sitharaman presenting the Interim Budget 2024 in the Lok Sabha on February 1, 2024. The revised fiscal deficit for financial year 2024-25 is estimated at 5.1 per cent of the GDP, down from 5.8 per cent for the current financial year 2024 (FY24), Union Minister Nirmala Sitharaman announced in her interim Budget…

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