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The Ministry of Railways has been allocated ₹2.55 lakh crore for 2024-25. | Photo Credit: The Hindu With a thrust on investment in infrastructure, the Union Ministry of Railways has been allocated ₹2.55 lakh crore for the financial year 2024-25, up by 5.8% from last year’s allocation of ₹2.41 lakh crore. Union Railways Minister Ashwini…
Read More “Budget 2024 | Three economic rail corridors on the anvil” »
Union Finance Minister Nirmala Sitharaman presented the Interim Budget, 2024, on February 1. She said the government’s focus was on four major ‘castes’ — women, youth, poor and farmers Here are the highlights of the Interim Budget 2024 TAX No changes in tax structure for direct and indirect taxes, including import duties No tax liability…
People watch the live telecast of the interim budget 2024 by Union Finance Minister Nirmala Sitharaman, at a showroom in Gurugram, on February 1, 2024. | Photo Credit: ANI One of the announcements of Finance Minister Nirmala Sitharaman, while she presented the Interim Budget 2024 on February 1, that stood out was the “Anusandhan’‘ scheme,…
Read More “Interim Budget 2024 | ₹1 lakh crore fund to help India leapfrog in deep-tech” »
Prime Minister Narendra Modi hands over a a key to a beneficiary of the Pradhan Mantri Awas Yojana. File | Photo Credit: ANI The Union Government will launch a scheme to help “deserving sections of the middle class living in rented houses, or slums, or chawls and unauthorised colonies to buy or build their own…
Read More “Experts back plan to add 2 crore homes under PMAY-Rural” »
Union Finance Minister Nirmala Sithaman addresses the press conference after presenting the Union Interim Budget 2024 at Parliament, at the National Media Centre, in New Delhi on Thursday. | Photo Credit: ANI The Budget Estimate for the Union Minority Ministry remain almost unchanged with marginal increase for a couple of schemes and programmes. The budget…
Read More “2024 Interim Budget | Allocation for Minority Ministry remains same” »
Image used for representation purpose only. Although the Interim Budget for 2024-25 did not propose any changes in existing taxation, startups are offered certain tax benefits by way of extension of exemptions. According to the Budget document, certain tax benefits to startups and investments made by sovereign wealth or pension funds as also tax exemption on…
Read More “Interim Budget enthuses startups with extension of tax expiry exemption by a year” »
Photo used for representation purpose only. Signalling a commitment to research and innovation for India’s “tech-savvy youth,” Finance Minister Nirmala Sitharaman, in her Interim Budget speech on February 1, mentioned a corpus of ₹1 lakh crore, that would be available on ‘minimal or nil interest rates’ to “encourage” the private sector to invest in research…
Read More “Government moots ₹1 lakh-crore corpus for research and development in interim Budget” »
Photo used for representation purpose only. | Photo Credit: K.K. Mustafah The allocation for the departments of Higher Education and School Education, under the Union Education Ministry, has been increased in the Interim Budget presented by Union Finance Minister Nirmala Sitharaman in New Delhi on February 1. Schemes such as PM Schools for Rising India…
Read More “Rise in allocation for school, higher education in interim Budget” »
The Atmanirbhar Bharat Rojgar Yojana, a pet scheme of the Narendra Modi government, which had an allocation of ₹2,272 crore in the last Budget has got just ₹150 crore in the Interim Budget. Image for representation. | Photo Credit: The Hindu At a time when the Centre is drawing flak over unemployment among educated youth,…
Read More “Budget 2024 | FM cuts allocations to Labour Ministry, workers’ social security” »
The allocation for Census Survey and Statistics has been slashed to ₹1,277.80 crore from ₹1,546.65 crore in 2023-24, a further indication that the Census exercise, which was to be initially completed in 2021, is not planned in the first quarter of the fiscal. File | Photo Credit: The Hindu The Union Home Ministry has been…
Read More “Budget for Census slashed, population count may not take place in first quarter” »