Tag: interim budget 2024

Budget 2024 on welfare schemes: Expenditure cut or remain stagnant, say Left parties

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CPI (M) leader Sitaram Yechury and CPI leader D. Raja. File photo | Photo Credit: SHIV KUMAR PUSHPAKAR In a bid to reduce the fiscal deficit, the Union government has cut down on expenditure that has led to welfare schemes and capital expenditure being curtailed and this would negatively impact future growth and economic fundamentals,…

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2024 Interim Budget | Biased in favour of rich: Chidambaram

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Former Finance Minister and Congress leader P Chidambaram addresses the media regarding the Union Interim Budget 2024 during a press conference, in New Delhi on Thursday. | Photo Credit: ANI India’s demographic dividend has been “destroyed” as the BJP-led National Democratic Alliance’s approach to the economy “is biased in favour of the rich”, Congress leader…

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Nirmala Sitharaman’s first Interim Budget | Puffed-up and poll-ready

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Illustration: Soumyadip Sinha Finance Minister Nirmala Sitharaman, presenting her sixth Union Budget and her first Interim Budget, resisted the temptation to hand out dramatic pre-poll sops like the ones unveiled ahead of the 2019 Lok Sabha election, opting instead to bank on the government’s track record and the promise of “unprecedented development” in the next…

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Interim Budget enthuses startups with extension of tax expiry exemption by a year

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Image used for representation purpose only. Although the Interim Budget for 2024-25 did not propose any changes in existing taxation, startups are offered certain tax benefits by way of extension of exemptions. According to the Budget document, certain tax benefits to startups and investments made by sovereign wealth or pension funds as also tax exemption on…

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Government moots ₹1 lakh-crore corpus for research and development in interim Budget

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Photo used for representation purpose only. Signalling a commitment to research and innovation for India’s “tech-savvy youth,” Finance Minister Nirmala Sitharaman, in her Interim Budget speech on February 1, mentioned a corpus of ₹1 lakh crore, that would be available on ‘minimal or nil interest rates’ to “encourage” the private sector to invest in research…

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Rise in allocation for school, higher education in interim Budget

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Photo used for representation purpose only. | Photo Credit: K.K. Mustafah The allocation for the departments of Higher Education and School Education, under the Union Education Ministry, has been increased in the Interim Budget presented by Union Finance Minister Nirmala Sitharaman in New Delhi on February 1. Schemes such as PM Schools for Rising India…

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Budget for Census slashed, population count may not take place in first quarter

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The allocation for Census Survey and Statistics has been slashed to ₹1,277.80 crore from ₹1,546.65 crore in 2023-24, a further indication that the Census exercise, which was to be initially completed in 2021, is not planned in the first quarter of the fiscal. File | Photo Credit: The Hindu The Union Home Ministry has been…

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