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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” »
Indian Bank Managing Director and CEO S.L. Jain says that the government’s focus on infrastructure, and support for EV manufacturing and charging infrastructure, aligns well with the nation’s developmental goals. | Photo Credit: Special Arrangement The Centre will focus on expanding and strengthening the electric vehicle ecosystem with supporting charging infrastructure in its move towards…
Read More “Industry welcomes Centre’s plans to augment electric vehicle ecosystem” »
Union Finance Minister Nirmala Sitharaman holding a folder-case containing the Interim Budget 2024. Ministers of State Bhagwat Kishanrao Karad and Pankaj Chaudhary are also seen. | Photo Credit: Shiv Kumar Pushpakar Whilst maintaining the status quo with respect to direct and indirect taxes, Finance Minister Nirmala Sitharaman in her maiden interim budget presentation proposed to…
In a significant measure to bring jointness in the procurements of the armed forces, the Government has decided to consolidate the demand of the three services in the capital head of the defence budget based on similar items of expenditure such as land, aircraft and aeroengines, heavy and medium vehicles among others. In the interim…