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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…
Medical entrepreneurs in Hyderabad have welcomed the exemption of customs duties on three cancer medications as announced in the Union Budget 2024-25. “Cancer treatment is notoriously expensive, often placing an overwhelming financial burden on patients and their families. By removing these duties, the cost of these medications will be reduced, making them accessible. This measure…
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T-Hub, Mahankali Srinivas Rao (in blue shirt) | Photo Credit: Nagara Gopal Tech startup incubator T-Hub CEO Mahankali Srinivas Rao welcomed the Union Budget 2024-25 proposal to abolish angel tax for all classes of investors and setting up of a ₹1,000 crore venture capital fund to expand space economy. A pivotal move, it is bound…
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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…
Read More “Middle class discontented, real estate sector applauds tax reforms” »
Presenting her seventh Union Budget and the first after this year’s Lok Sabha election, Finance Minister Nirmala Sitharaman on July 23 unveiled a flurry of measures aimed at fixing the woes of unemployed youth, small businesses, and the middle class, and sought to strengthen the ruling NDA coalition’s bonds with support for multiple investment projects…
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…
Read More “Budget 2024: Centre to launch PM Janjatiya Unnat Gram Abhiyaan for tribal welfare” »
The first Union budget of the Modi 3.0 government saw a concerted effort at women-led development, with the Finance Minister announcing more than ₹3 lakh crore for schemes benefiting women and girls | Photo Credit: M. Moorthy The first Union budget of the Modi 3.0 government saw a concerted effort at women-led development, with the…
Read More “Budget 2024 for Women: ₹3 lakh crore for schemes benefiting women and girls” »
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…
Read More “Budget proposes five schemes with outlay of ₹2 lakh crore to generate jobs for youth” »
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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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’…
Read More “Budget 2024 signals arrive of compulsory emission targets for industry” »