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Covering a wide spectrum of Indian sectors, the first Union Budget of Modi 3.0 focused on MSMEs, employment, skilling, youth, and the middle class. Yet, the Budget as such has failed to address several concerns of the real estate sector, including direct incentives to boost the affordable housing sector. It was widely anticipated that affordable…
Read More “Union Budget 2024: Real estate sees marginal benefits” »
There is always a lot of anticipation ahead of a Union Budget announcement in India. Experts and others had plenty to say about what the finance minister should prioritise: cutting taxes, boosting capital expenditure, or reducing spending on social welfare, often seen as freebies. This time, there was a surplus of advice on how the…
Read More “Fiscal Prudence And Move Towards A Simplified Tax Structure” »
New Delhi: The government’s flagship apprenticeship programme, which has become contentious after Congress claims of plagiarism, has some crucial fine print that Union finance minister Nirmala Sitharaman made clear at a post-budget interview today. Two are of particular interest — to the employees and their employers. While the government is willing to provide the first-timers…
Read More “Budget 2024: The Fine Print In Government’s Jobs Scheme: Nirmala Sitharaman Explains” »
“I think it will have a huge impact across the economy,” the SBI chairman said. (File) Mumbai: SBI chairman Dinesh Kumar Khara on Tuesday lauded the budget for its inclusive approach and exuded confidence that the proposals will boost sagging consumption growth. In a conversation with PTI Videos, Dinesh Kumar Khara said banks will be…
Read More “SBI Chairman Hails Budget For “Very Inclusive” Approach” »
Watch: Union Budget gives a leg-up to MSMEs, manufacturing sector The Union Budget for 2024-2025 has a package of support measures for the Micro, Small and Medium-scale Enterprises (MSMEs) and the labour-intensive manufacturing sector. According to the Economic Survey tabled on Monday, the contribution of MSMEs to all-India manufacturing output in FY 22 was 35.4%…
Read More “Union Budget gives a leg-up to MSMEs, manufacturing sector” »
Budget 2024: PM Modi said Nirmala Sitharaman will present a strong budget New Delhi: Finance Minister Nirmala Sitharaman will present her seventh consecutive Budget today – Tuesday, July 23. The Budget for 2024-25 is being considered the action plan for the Modi 3.0 government to outline a roadmap towards India’s development in the next five…
Only 4.4% of India’s young workforce is formally skilled, said the Economic Survey 2023-24. File | Photo Credit: M. Moorthy With only 4.4% of India’s young workforce formally skilled, linking skill development with production Linked Incentive (PLI) and employment-linked incentive schemes in high-growth potential sectors like toy, apparel, tourism, logistics and textiles would aid upgrading…
Watch: Union Budget 2024: Insurance sector expectations The insurance sector is one of India’s fast growing and key segments within the country’s financial system. Given its sheer size, insurance is in itself an industry and makes for a strong case for reforms, continued push for regulatory changes and some tax tweaks. We look at the…
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Rajasthan Deputy Chief Minister said that more than 1 lakh recruitment will be made in the current year. Jaipur: Rajasthan Deputy Chief Minister and Finance Minister Diya Kumari, presenting the state budget in the Assembly on Wednesday, made a series of announcements, including four lakh recruitments in five years, construction of nine greenfield expressways, new…
Read More “Rajasthan Budget Proposes 4 Lakh Jobs In 5 Years, VAT Cut On Cooking Gas” »
Under the PM Awas Yojna (Rural) housing scheme, the government aims to facilitate construction of an additional 20 million houses over the next few years. File. | Photo Credit: Ranjeet Kumar India plans to increase state subsidies on rural housing in the upcoming Union Budget by as much as 50% from the previous year to…
Read More “Govt said to plan raise in rural housing subsidies by 50% after election setback” »