Tag: Nirmala Sitharaman

Union Budget 2024: A vision for inclusive growth and empowerment

July 23, 2024 admin

R. Nandini | Photo Credit: SPECIAL ARRANGEMENT The Union Budget presented by the Finance Minister on July 23 embodies an inclusive and progressive vision, effectively addressing the diverse concerns of various sectors of the economy. It not only recognises a significant portion of the recommendations put forth by economic advisers and experts but also places…

Business

Union Budget 2024: A comprehensive pathway to inclusive growth and economic resilience

July 23, 2024 admin

The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman, represents a significant milestone in India’s ongoing journey towards inclusive growth and economic resilience. With a strategic emphasis on job creation, infrastructure development, support for MSMEs, and affordable housing, this Budget addresses the nation’s critical needs while prudently reducing the fiscal deficit to 4.9%. Stimulating…

Business

Nirmala Sitharaman On Special Package

July 23, 2024 admin

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…

Nation

Union budget focus on Bihar in tourism infra development

July 23, 2024 admin

Union Finance Minister Nirmala Sitharaman shows a red pouch carrying the Budget documents. | Photo Credit: PTI Loaded with political pragmatism, Union Finance Minister Nirmala Sitharaman on July 23 announced development of Vishnupath temple at Gaya and Mahabodhi temple in Bodhgaya, both in Bihar, on the model of the Kashi-Vishwanath temple corridor to turn them…

Business

Budget 2024: Budget proposes tech platform to strength IBC process, to set up more NCLTs

July 23, 2024 admin

Adding heft: The tech platform will increase the utility and efficiency of CIR process. Finance Minister Nirmala Sitharaman has proposed to set up an integrated technology platform to improve the outcomes under the Insolvency & Bankruptcy Code (IBC) for achieving transparency, consistency, timely settlement and better oversight of all resolution cases. She also said that…

Business

Budget 2024: The Fine Print In Government’s Jobs Scheme: Nirmala Sitharaman Explains

July 23, 2024 admin

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…

Nation

Middle class discontented, real estate sector applauds tax reforms

July 23, 2024 admin

Middle-class families in the city have voiced their dissatisfaction with the updated income tax slabs in Union Budget 2024-25, presented by Union Finance Minister Nirmala Sitharaman on July 23. “The price of commodities has tripled over the last few decades, but the tax slabs have barely changed. It’s unfair for individuals earning ₹3 lakh per annum…

Business

In Budget 2024, The Lok Sabha Election Effect

July 23, 2024 admin

New Delhi: The first budget of the third term of Narendra Modi government bore a clear imprint of the recent Lok Sabha election, in which the BJP failed to gain majority on its own and had to depend on allies to form government. The reaction went beyond the special packages for Nitish Kumar’s Bihar and…

Nation

Budget 2024: Centre to launch PM Janjatiya Unnat Gram Abhiyaan for tribal welfare

July 23, 2024 admin

Finance Minister Nirmala Sitharaman on July 23 announced that the Union government will launch the PM – Janjatiya Unnat Gram Abhiyaan with an aim at achieving full saturation of basic facilities among five crore Scheduled Tribe families across 63,000 villages in tribal-majority areas and aspirational districts. The scheme, designed after the PM-JANMAN to achieve saturation…

Business

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…

Business