Tag: Nirmala Sitharaman

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

July 23, 2024 admin

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

July 23, 2024 admin

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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Watch: Budget 2024: What’s in it for markets and investors?

July 23, 2024 admin

Watch: Budget 2024: What’s in it for markets and investors? On July 23, the Finance Minister Nirmala Sitharaman presented the first full budget of the 3rd term of the NDA government. Here is the analysis of the proposals concerning the markets and investors. For deepening tax base the Finance Minister has proposed to increase Securities…

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Budget 2024 signals arrive of compulsory emission targets for industry

July 23, 2024 admin

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: Nirmala Sitharaman scraps Angel Tax on foreign investments amid startup funding winter

July 23, 2024 admin

Union Finance Minister Nirmala Sitharaman during a post-Budget press conference in New Delhi on July 23, 2024. | Photo Credit: ANI In a major respite for India’s fledgling startups, Union Finance Minister Nirmala Sitharaman, presenting the Union Budget in Parliament on July 23, announced scrapping the contentious Angel Tax on foreign investments received by such…

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Budget 2024: Nitish Kumar hails Budget as Bihar gets ₹58,900 crore

July 23, 2024 admin

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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Budget 2024-25: Social sector – The Hindu

July 23, 2024 admin

Image for representation. | Photo Credit: The Hindu Union Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 on July 23, 2024, stressing on her government’s nine priorities. Click here for The Hindu’s live coverage of the Union Budget 2024-25 Ms. Sitharaman said that the Budget will focus on productivity and resilience in agriculture, employment…

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

July 23, 2024 admin

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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Government proposes legislative changes for ‘efficient’ funding of aircraft leasing

July 23, 2024 admin

Union Finance Minister Nirmala Sitharaman during the ongoing monsoon session of Parliament. | Photo Credit: ANI Finance Minister Nirmala Sitharaman proposed legislative support to provide financing for leasing aircraft and ships in India in a bid to protect airlines from foreign exchange risks. “We will seek the required legislative approval for providing an efficient and…

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FM proposes hike in STT on F&Os to discourage retail participation

July 23, 2024 admin

Union Finance Minister Nirmala Sitharaman. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on July 23 proposed to increase the rate of securities transaction tax (STT) on futures and options (F&O) trade to discourage retail investors’ participation in the risky instrument. “It is proposed to increase the rates of STT on the sale of an…

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