Tag: budget 2024 highlights

Budget 2024: What is taxonomy for climate finance? | Explained

July 23, 2024 admin

The story so far: The 2024 Union Budget, presented by Finance Minister Nirmala Sitharaman on Tuesday, includes developing a taxonomy for climate finance to enhance the availability of capital for climate adaptation and mitigation. “This will support achievement of the country’s climate commitments and green transition,” Ms. Sitharaman said in her speech. What is taxonomy…

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Budget 2024: What is in store for labour? | Watch

July 23, 2024 admin

Watch: Budget 2024 | What is in store for labour? In her seventh budget speech, Finance Minister Nirmala Sitharaman announced three new employee-linked incentive schemes in the Union Budget for 2024-25. The three schemes, which are part of the Prime Minister’s package, will align with enrolment in the Employee Provident Fund Organisation and focus on…

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Budget 2024: Nitish Kumar hails Budget as Bihar gets ₹58,900 crore

July 23, 2024 admin

Bihar Chief Minister Nitish Kumar. File Photo | Photo Credit: ANI Giving importance to Chief Minister Nitish Kumar, a key alliance partner of the Narendra Modi government, Union Finance Minister Nirmala Sitharaman on July 23 announced to sanction ₹58,900 crore to Bihar in the 2024 Union Budget. This includes ₹26,000 crore for road projects, a…

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A budget that will empower all sections of society: PM Modi

July 23, 2024 admin

Prime Minister Narendra Modi speaks on the Union Budget in New Delhi on July 23, 2024. | Photo Credit: ANI Prime Minister Narendra Modi praised the Union Budget presented by Finance Minister Nirmala Sitharaman on July 23 as one that will empower all sections of society. “This is a budget that will take the country’s…

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Budget 2024: Where does the money come from and go?

July 23, 2024 admin

The government allocates 21% of its budget to the State’s portion of taxes and duties | Photo Credit: Pichumani K Finance Minister Nirmala Sitaraman presented the Narendra Modi government’s first full-fledged budget after the NDA secured third consecutive win. Budget 2024 LIVE Updates The Budget mentioned net tax receipts for 2024-25 at ₹25.83 lakh crore,…

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Budget 2024: Finance Minister Nirmala Sitharaman announces exemption of custom duties on critical minerals

July 23, 2024 admin

Villagers show lithium stones in Reasi district of Jammu (file photo) | Photo Credit: PTI Finance Minister Nirmala Sitharaman on July 23 announced to fully exempt 25 critical minerals from custom duties, and reduce basic custom duties (BCD) on two of them. “This will provide a major fillip to the processing and refining of such minerals…

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Budget 2024: FM Nirmala Sitharaman says fiscal deficit for FY25 estimated to be 4.9% of GDP

July 23, 2024 admin

Image used for representation purpose only. | Photo Credit: Reuters Finance Minister Nirmala Sitharaman, in her Budget speech on July 23, said the fiscal deficit for 2024-25 is estimated at 4.9% of GDP. Presenting the Union Budget for 2024-25, she said the government aims to reach a 4.5% fiscal deficit in 2025-26. Click here for…

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Budget 2024 Highlights on income tax: FM Sitharaman revises personal income tax slabs; taxation rates remain unchanged

July 23, 2024 admin

Finance Minister Nirmala Sitharaman has changed the income tax slabs for the new tax regime which is likely to benefit taxpayers. Finance Minister Nirmala Sitharaman in her seventh Budget speech on July 23 revised the tax slabs under the new regime. She told the House that as a result of these changes, a salaried employee…

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Budget 2024: FM Sithraman says India to prepare climate finance taxonomy

July 23, 2024 admin

The government will develop a taxonomy for climate finance, Union Finance Minister Nirmala Sitharaman said in her Budget speech, in New Delhi on July 23, 2024. File (representational image) | Photo Credit: AP The government will develop a taxonomy for climate finance to help improve the availability of funds for adapting to climate change and…

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Union Budget 2024: Stock markets crash during Union Budget presentation

July 23, 2024 admin

The stock markets are volatile as FM Nirmala Sitharaman presented the Union Budget on July 23. File | Photo Credit: ANI Benchmark Sensex and Nifty settled marginally lower in volatile trade on July 23 as the government proposed to hike securities transaction tax on futures & options in the budget for 2024-25. Recovering most of…

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