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Just before Nirmala Sitharaman presented her seventh consecutive Budget as Union Finance Minister of a coalition led by the Bharatiya Janata Party (BJP), which managed to gain power for the third time on an underwhelming mandate, signals from the government seemed to suggest what its thrust may be. The Economic Survey 2023-24 made clear that…
Watch: Budget 2024: What’s in it for the insurance sector? Two key measures were announced for the insurance sector in the budget. One was reducing the TDS or tax deducted at source on payouts (payments by the life insurer concerned) in respect of life insurance policies from 5% to 2%. This amendment will come into…
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Railway Minister Ashwini Vaishnaw speaks on the Union Budget in New Delhi on July 23, 2024. | Photo Credit: PTI The Ministry of Railways has received a record allocation of over ₹2.55 lakh crore in financial year 2024-25, which is a jump of 5.85% from the previous year’s ₹2.41 lakh crore, according to Union Budget…
Read More “Budget 2024: With ₹2.65 lakh crore outlay, Railways to prioritise safety” »
Watch: Budget 2024 | What’s in it for health sector?? The Union government has continued its emphasis on tackling non-communicable diseases and allocating funds for research in the healthcare sector, with Finance Minister Nirmala Sitharaman on July 23 announcing customs duty exemptions on three cancer treatment drugs — Trastuzumab Deruxtecan, Osimertinib, and Durvalumab. The total…
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‘There is a display of intent to continue to consolidate fiscal position well beyond FY26’ | Photo Credit: PTI The FY25 Union Budget has sent out a strong message under the new administration — there remains an unequivocal focus on stability (fiscal) and continuity (of sustainable growth impulses) amidst a new chiselled focus on providing…
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English cricket chiefs confirmed on Monday they have held talks with Indian Premier League (IPL) owners about acquiring a stake in their domestic Hundred competition. The fourth edition of the controversial 100-balls per side tournament, which features eight specially created teams — each with a men’s and women’s side — rather than the traditional 18 first-class English counties, starts…
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Up for the challenge: Pathirana feels Sri Lanka has the potential to upstage the Indians. | Photo Credit: Matt Roberts-ICC Sri Lanka pacer Mathisha Pathirana hopes that a good result in the upcoming three-match T20I and ODI series against India, starting later this month, would be a shot in the arm for the island nation….
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Watch: Budget 2024 | What’s in it for energy sector? Finance Minister Nirmala Sitharaman’s Budget speech has for the first time signalled that polluting industries, such as iron, steel, and aluminium will have to conform to emission targets. Currently, the industry in India has no curbs on emissions instead of carbon credits but is incentivised…
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Stand-in India skipper Smriti Mandhana was pleased to see the middle-order batters getting some much-needed runs under their belt against Nepal in Dambulla on Tuesday ahead of the women’s Asia Cup semifinals. With regular skipper Harmanpreet Kaur skipping the match and India sitting pretty at the top of the group, Mandhana decided to…
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Union Finance Minister Nirmala Sitharaman said “rural land-related actions will include assignment of unique land parcel identification numbers or Bhu-Aadhaar for all lands, digitisation of cadastral maps, survey of map sub-divisions as per current ownership, establishment of land registry, and linking to the farmers registry”. Photo: https://dolr.gov.in/ulpin/ The 2024-2025 Union Budget presented by Finance Minister…
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