Tag: Budget speech

Budget proposes five schemes with outlay of ₹2 lakh crore to generate jobs for youth

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Budget proposes five schemes with outlay of ₹2 lakh crore to generate jobs for youth

The government proposes to provide an internship allowance of ₹5,000 per month and a one-time assistance of ₹6,000 to one crore youth. | Photo Credit: File Photo Amid the increasing unemployment rate, and job and wage losses, the first Budget of the third Narendra Modi government has proposed taking a prioritised approach in the fields of employment and skilling. The…

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Budget 2024: Maharashtra farmers express displeasure with announcements

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Budget 2024: Maharashtra farmers express displeasure with announcements

Photo used for representation purpose only. | Photo Credit: The Hindu While the Finance Minister Nirmala Sitharaman made a mega announcement for the agriculture sector, farmers in Maharashtra, as well as across the nation, expressed their displeasure over the budget allocations. Considering the prolonged agricultural crisis and poor financial status of farmers across the country,…

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Budget 2024 signals arrive of compulsory emission targets for industry

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Budget 2024 signals arrive of compulsory emission targets for industry

Photo used for representation purpose only | Photo Credit: The Hindu Finance Minister Nirmala Sitharaman’s Budget speech has for the first time signalled that polluting industries, such as iron, steel, and aluminium will have to conform to emission targets. “A roadmap for moving the ‘hard to abate’ industries from ‘energy efficiency’ targets to ‘emission targets’…

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Union Budget 2024-25: Deduction of expenditure by employers towards New Pension Scheme is proposed to be increased to 14%

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Union Budget 2024-25: Deduction of expenditure by employers towards New Pension Scheme is proposed to be increased to 14%

Employees gather at Ramlila Maidan in New Delhi, during the “Pension Shankhnaad Maharally”. File | Photo Credit: Shiv Kumar Pushpakar Finance Minister Nirmala Sitharaman on July 23 said a solution will be evolved with respect to the New Pension Scheme (NPS) that will address relevant issues and ensure fiscal prudence. Last year, the finance ministry…

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Union Budget: Amount paid on share buyback to be treated as dividend and taxed in hands of shareholders, says Nirmala Sitharaman

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Union Budget: Amount paid on share buyback to be treated as dividend and taxed in hands of shareholders, says Nirmala Sitharaman

Photo used for representation purpose only. | Photo Credit: Getty Images/iStock Union Finance Minister Nirmala Sitharaman on July 23 said buyback of shares will be taxed in the hands of shareholders similar to dividend from October 1, a move that will increase the tax burden on investors. Further, the cost paid by the shareholder to…

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Budget 2024 date and time: When and where to watch the Union Budget on July 23, 2024?

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Budget 2024 date and time: When and where to watch the Union Budget on July 23, 2024?

Union Finance Minister Nirmala Sitharaman. File | Photo Credit: PTI Finance Minister Nirmala Sitharaman will present the Union Budget 2024 on July 23 at 11 a.m. It will be a record seventh consecutive Budget presentation for Ms. Sitharaman. The Budget Session of the Parliament started on Monday with the Economic Survey 2023-24 being tabled in…

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WHO applauds extension of healthcare coverage to ASHA, anganwadi workers and helpers

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WHO applauds extension of healthcare coverage to ASHA, anganwadi workers and helpers

Given that Accredited Social Health Activist (ASHA) workers, anganwadi workers, and helpers are at the forefront of health care delivery at the grassroots level, the World Health Organization (WHO) has applauded February 1 Union Budget announcement on extending healthcare coverage to them under Ayushman Bharat. Roderico H. Ofrin, WHO’s representative in India, said that various…

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Budget 2023 | Major thrust planned for green energy

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Budget 2023 | Major thrust planned for green energy

Clean green hydrogen energy generation. | Photo Credit: Getty Images/iStockphoto Underlining a commitment to accelerate the Indian economy’s transition to one powered by green energy, Union Finance Minister Nirmala Sitharaman in her Budget speech on Wednesday mentioned a slew of schemes aimed at promoting clean energy and sustainable living. Green energy was among the ‘Saptarishi’…

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