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Category: Business

Business

Budget focus firmly on employment generation: Labour Minster

Posted on February 2, 2025 By admin
Budget focus firmly on employment generation: Labour Minster

 Labour Minister Mansukh Mandaviya  | Photo Credit: Special arrangement The Labour Ministry got its highest ever allocation in this year’s Union Budget and the increase in funding will help focus on the new employment generation scheme, Labour Minister Mansukh Mandaviya said on Sunday (February 2, 2025). The “record ₹32,646 crore” allocation is almost 80% higher…

Read More “Budget focus firmly on employment generation: Labour Minster” »

Business

Union Budget 2025: Lok Sabha gets ₹903 crore, Rajya Sabha ₹413 crore

Posted on February 2, 2025 By admin
Union Budget 2025: Lok Sabha gets ₹903 crore, Rajya Sabha ₹413 crore

A view of the Parliament building in New Delhi. File | Photo Credit: The Hindu Lok Sabha has been allocated ₹903 crore in the Union Budget, more than double the amount given to the Rajya Sabha. A sizeable allocation — ₹558.81 crore of the total ₹903 crore — has been assigned to the Lok Sabha…

Read More “Union Budget 2025: Lok Sabha gets ₹903 crore, Rajya Sabha ₹413 crore” »

Business

Union Budget 2025: Bihar given ‘full’ attention; A.P. received ‘nil’, says State Congress president Y.S. Sharmila

Posted on February 2, 2025 By admin
Union Budget 2025: Bihar given ‘full’ attention; A.P. received ‘nil’, says State Congress president Y.S. Sharmila

APCC president Y.S. Sharmila said it was ridiculous on the part of the Chief Minister to call it a progressive budget. File | Photo Credit: G.N. Rao Andhra Pradesh Congress Committee (APCC) president Y.S. Sharmila has slammed the Centre for “making meagre allocations for Andhra Pradesh in the Union Budget”. Taking to the social media platform…

Read More “Union Budget 2025: Bihar given ‘full’ attention; A.P. received ‘nil’, says State Congress president Y.S. Sharmila” »

Business

Govt’s steps for gig workers half-hearted, need national social security architecture for them, says Congress

Posted on February 2, 2025 By admin
Govt’s steps for gig workers half-hearted, need national social security architecture for them, says Congress

Congress leader Jairam Ramesh. File | Photo Credit: PTI The government has only committed to “half-hearted” steps of registering gig workers on e-SHRAM and including them under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, the Congress said on Sunday (February 2, 2025) and asserted that India needs a national legal and social security architecture…

Read More “Govt’s steps for gig workers half-hearted, need national social security architecture for them, says Congress” »

Business

Volkswagen sues India to quash ‘enormous’ $1.4 billion tax demand, legal filing shows

Posted on February 2, 2025 By admin
Volkswagen sues India to quash ‘enormous’ .4 billion tax demand, legal filing shows

Volkswagen’s India unit said in a statement it is using all legal remedies as it cooperates with authorities and remains committed to ensuring “full compliance” with all global and local laws. File image used for representative person only. | Photo Credit: Reuters Volkswagen has sued Indian authorities to quash an “impossibly enormous” tax demand of…

Read More “Volkswagen sues India to quash ‘enormous’ $1.4 billion tax demand, legal filing shows” »

Business

India macro fundamentals strong, rupee not depreciating against any currency other than U.S. dollar, says Nirmala Sitharaman

Posted on February 2, 2025 By admin
India macro fundamentals strong, rupee not depreciating against any currency other than U.S. dollar, says Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman during an interview with PTI, in New Delhi, on February 2, 2025. | Photo Credit: PTI Union Finance Minister Nirmala Sitharaman on Sunday (February 2, 2025) rejected criticism over the slide of the Indian rupee, saying it has depreciated only against a strengthening U.S. dollar but remained stable against all…

Read More “India macro fundamentals strong, rupee not depreciating against any currency other than U.S. dollar, says Nirmala Sitharaman” »

Business

Budget is by the people, for the people, says Nirmala Sitharaman

Posted on February 2, 2025 By admin
Budget is by the people, for the people, says Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman during an interview with PTI, in New Delhi, Sunday, Feb. 2, 2025 | Photo Credit: PTI Paraphrasing Abraham Lincoln, Finance Minister Nirmala Sitharaman on Sunday (February 2, 2025) described the Union Budget as “by the people, for the people, of the people”, and said Prime Minister Narendra Modi was fully…

Read More “Budget is by the people, for the people, says Nirmala Sitharaman” »

Business

Anti-tobacco activists disappointed over failure to increase tax on tobacco products

Posted on February 2, 2025 By admin
Anti-tobacco activists disappointed over failure to increase tax on tobacco products

Anti-Tobacco activists in Mysuru have expressed their disappointment over the failure of Finance Minister Nirmala Sitharaman’s Budget to either increase sin tax or a percentage increase in cess under National Calamity Contingent Duty (NCCD). In a statement in Mysuru, Convenor of Anti-Tobacco Forum, Mysuru, Vasanthkumar Mysoremath regretted that the “tobacco industry was smiling while every…

Read More “Anti-tobacco activists disappointed over failure to increase tax on tobacco products” »

Business

Congress slams government over ‘neglect’ of MGNREGS

Posted on February 2, 2025 By admin
Congress slams government over ‘neglect’ of MGNREGS

Congress general in-charge Communications Jairam Ramesh said, the government’s neglect of this crucial safety net exposes its indifference to rural livelihoods. File | Photo Credit: ANI The Congress on Sunday (February 2, 2025) lashed out at the government over keeping the MGNREGS budget stagnant and said the “neglect” of this crucial safety net exposes its…

Read More “Congress slams government over ‘neglect’ of MGNREGS” »

Business

Maharashtra Opposition slams Budget 2025 as Bihar-centric; State Government hits back

Posted on February 2, 2025 By admin
Maharashtra Opposition slams Budget 2025 as Bihar-centric; State Government hits back

Aaditya Thackeray. File | Photo Credit: ANI The Opposition parties in Maharashtra slammed the Union Budget presented by Finance Minister Nirmala Sitharaman as ‘Bihar budget’. While the Nationalist Congress Party (NCP), the Congress and the Shiv Sena UBT hit out at the Budget for open favouritism, the State Bharatiya Janata Party (BJP) and its governing…

Read More “Maharashtra Opposition slams Budget 2025 as Bihar-centric; State Government hits back” »

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