Tag: Nirmala Sitharaman

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

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,…

Business

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…

Business

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’…

Business