Tag: Union Budget 2024-25

Union Budget gives a leg-up to MSMEs, manufacturing sector

Posted on By admin
Union Budget gives a leg-up to MSMEs, manufacturing sector

Watch: Union Budget gives a leg-up to MSMEs, manufacturing sector The Union Budget for 2024-2025 has a package of support measures for the Micro, Small and Medium-scale Enterprises (MSMEs) and the labour-intensive manufacturing sector. According to the Economic Survey tabled on Monday, the contribution of MSMEs to all-India manufacturing output in FY 22 was 35.4%…

Read More “Union Budget gives a leg-up to MSMEs, manufacturing sector” »

Business

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

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

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…

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

Business

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

Posted on By admin
Government proposes legislative changes for ‘efficient’ funding of aircraft leasing

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…

Read More “Government proposes legislative changes for ‘efficient’ funding of aircraft leasing” »

Business

Budget provides customs duty exemptions for three cancer treatment drugs

Posted on By admin
Budget provides customs duty exemptions for three cancer treatment drugs

Union government has continued its emphasis on tackling non-communicable diseases, and allocating funds for research in the healthcare sector, with Finance Minister Nirmala Sitharaman on July 23 announcing customs duty exemptions on three cancer treatment drugs — Trastuzumab Deruxtecan, Osimertinib, and Durvalumab. | Photo Credit: Getty Images/iStock The Union government has continued its emphasis on…

Read More “Budget provides customs duty exemptions for three cancer treatment drugs” »

Business

Union Budget: Amount paid on share buyback to be treated as dividend and taxed in hands of shareholders, says Nirmala Sitharaman

Posted on By admin
Union Budget: Amount paid on share buyback to be treated as dividend and taxed in hands of shareholders, says Nirmala Sitharaman

Photo used for representation purpose only. | Photo Credit: Getty Images/iStock Union Finance Minister Nirmala Sitharaman on July 23 said buyback of shares will be taxed in the hands of shareholders similar to dividend from October 1, a move that will increase the tax burden on investors. Further, the cost paid by the shareholder to…

Read More “Union Budget: Amount paid on share buyback to be treated as dividend and taxed in hands of shareholders, says Nirmala Sitharaman” »

Business

Basic Custom Duty for Mobile, Budget 2024: Nirmala Sitharaman announces duty cut on mobile phones, PCBA and chargers

Posted on By admin
Basic Custom Duty for Mobile, Budget 2024: Nirmala Sitharaman announces duty cut on mobile phones, PCBA and chargers

Union Budget 2024: FM announces duty cut on mobile phones, PCBA and chargers. | Photo Credit: Haider Ali Khan Union Finance Minister Nirmala Sitharaman, in her Budget speech on July 23, announced a cut on basic custom duty (BCD) to 15% on mobile phones, mobile printed circuit board assembly (PCBA) and mobile chargers. Currently, the BCD…

Read More “Basic Custom Duty for Mobile, Budget 2024: Nirmala Sitharaman announces duty cut on mobile phones, PCBA and chargers” »

Business

Budget 2024 LIVE: FM Nirmala Sitharaman to present the full Union Budget 2024 today

Posted on By admin
Budget 2024 LIVE: FM Nirmala Sitharaman to present the full Union Budget 2024 today

India saw 92 lakh foreign tourist arrivals in 2023, signifying a positive post-pandemic revival, the Chief Economic Advisor has said in the Economic Survey released on July 22. The survey, which was tabled in Parliament, said India’s tourism industry showed positive signs of revival post-pandemic with an year-on-year increase of 43.5%. The hospitality industry has…

Read More “Budget 2024 LIVE: FM Nirmala Sitharaman to present the full Union Budget 2024 today” »

Business

Economic Survey 2023-24: Balancing growth and green goals a tightrope walk for India

Posted on By admin
Economic Survey 2023-24: Balancing growth and green goals a tightrope walk for India

The shift to renewable energy could lead to new vulnerabilities in the supply chains for solar panels and critical minerals, the Economic Survey 2023-24 said. File (representational image) | Photo Credit: K. Murali Kumar India’s path to sustainable development is fraught with challenges, as the country grapples with the twin imperatives of meeting burgeoning energy…

Read More “Economic Survey 2023-24: Balancing growth and green goals a tightrope walk for India” »

Business

Economic Survey 2023-24: Crop insurance to see growth from 2024 onwards, government tech push to boost sector

Posted on By admin
Economic Survey 2023-24: Crop insurance to see growth from 2024 onwards, government tech push to boost sector

The agriculture insurance sector is likely to register growth from 2024 onwards. File | Photo Credit: K.V.S. Giri The agriculture insurance sector is likely to register growth from 2024 onwards, with an average real premium growth of 2.5% over the medium term, according to the Economic Survey 2023-24. Also Read:Economic Survey 2023-24 LIVE updates The…

Read More “Economic Survey 2023-24: Crop insurance to see growth from 2024 onwards, government tech push to boost sector” »

Business

Economic Survey 2023-24: Green steel to play key role in low carbon economy globally

Posted on By admin
Economic Survey 2023-24: Green steel to play key role in low carbon economy globally

The concept of green steel promotes the production of steel using green energy sources and minimizing the usage of fossil fuels. File (representational image) Green steel will play an important role in reshaping the future of the industry as the world moves towards a low-carbon economy, the Economic Survey for 2023-24 said. The concept of…

Read More “Economic Survey 2023-24: Green steel to play key role in low carbon economy globally” »

Business