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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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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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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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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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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…
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…
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…
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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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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India saw 92 lakh foreign tourist arrivals in 2023, signifying a positive post-pandemic revival, the Chief Economic Advisor has said in the Economic Survey released on July 22. The survey, which was tabled in Parliament, said India’s tourism industry showed positive signs of revival post-pandemic with an year-on-year increase of 43.5%. The hospitality industry has…
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