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The INDIA bloc parties, led by the Congress, staged a walkout from the Rajya Sabha on July 24, in protest against all States, except two, being “ignored” in the Union Budget, an allegation termed “outrageous” by Finance Minister Nirmala Sitharaman, who said all the States never found a mention in any of the previous Budgets,…
Rajesh Kumar Singh, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT). File Removal of the Angel tax for startups was a long pending issue as this levy was on investment coming into the country and such overseas inflows should not be taxed, a top government official said. Rajesh Kumar Singh, Secretary, Department for…
Terming the Union Budget 2024 as “politically biased”, the CPI (M) State committee member Machha Venkateshwarlu hit out at the BJP-led Central government accusing it of meting out a raw deal to Telangana in the Union Budget. In a statement, he alleged that the Union Budget has grossly neglected the proposed 151-km Bhadrachalam Road-Kovvur new…
New Delhi: A day after she presented Budget 2024, Finance Minister Nirmala Sitharaman today countered the Opposition’s allegations of discrimination in allocation, saying that every state cannot be named in the Budget speech. Addressing Rajya Sabha after the Opposition staged a walkout, Ms Sitharaman said, “It is unfortunate that the Opposition, particularly a senior leader…
Hemant Soren. File | Photo Credit: PTI Jharkhand Chief Minister Hemant Soren on July 24 slammed the Centre for “neglecting” the State in the Union Budget, and alleged that the BJP leaders are “silent” over the dues from the Centre. He also claimed that the Centre owes ₹1.36 lakh crore to the State and demanded…
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The Rajasthan government has already approved Rs 275 crore for the water infrastructure of this project. Jaipur: Rajasthan has received a major industrial park in the first Budget of the BJP-led government at the Centre, with the state receiving Rs 7,000 crore more as a share of Central taxes this time. Among the 12 new…
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Job seekers in Kerala. | Photo Credit: The Hindu The chapter on employment in the Economic Survey starts with the observation: “Employment is the crucial link between growth and prosperity, and its quantity and quality determine the extent to which economic output translates into better quality of life for the population.” This “crucial link” between…
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File photo of MGNREGA work in Villupuram district, Tamil Nadu. | Photo Credit: The Hindu Budget 2024 is no different from previous years as far as allocations for the social sector are concerned. This is despite the fact that the youth, farmers, women, and the poor are identified as the main focus groups. The Economic…
Read More “For the social sector, it is old wine in an old bottle” »
Illustration of a citizen paying tax. | Photo Credit: Getty Images The 2024-25 Budget is not just an account of receipts and expenditures for the financial year; it also sets the stage for several years in terms of expectations. Taking off from the analysis in the Economic Survey, the Budget identifies priority areas for government…
New Delhi: Union finance minister Nirmala Sitharaman pointed out that her 82-minute Budget speech only covered the salient points, but a lack of mention of any scheme or state does not indicate exclusion. She also played down the mega package for Andhra Pradesh — ruled by ally Chandrababu Naidu — saying she merely highlighted the…