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Tag: Union Budget 2024

Budget has steps to trigger consumption, but they are not in the nature of direct cash transfers, says Finance Secretary T.V. Somanathan

Posted on July 28, 2024 By admin
Budget has steps to trigger consumption, but they are not in the nature of direct cash transfers, says Finance Secretary T.V. Somanathan

The Centre is confident of delivering on its Budget promise to arrange external financing for infrastructure development projects in Andhra Pradesh and Bihar, Finance Secretary T.V. Somanathan said in an interview with The Hindu. He also elaborated on measures to rein in food inflation and spur consumption. Edited excerpts: The Budget’s push for job creation…

Read More “Budget has steps to trigger consumption, but they are not in the nature of direct cash transfers, says Finance Secretary T.V. Somanathan” »

Business

Nirmala Sitharaman On Fiscal Deficit

Posted on July 26, 2024 By admin
Nirmala Sitharaman On Fiscal Deficit

New Delhi: For a growing economy to meet its needs and aspirations, borrowing is a must, but the focus of the finance ministry under her is to ensure that debt is reduced without affecting growth, Nirmala Sitharaman has told NDTV.  In an exclusive interview with NDTV’s Editor-In-Chief Sanjay Pugalia on Friday, Ms Sitharaman said fixing…

Read More “Nirmala Sitharaman On Fiscal Deficit” »

Nation

Tax Body Clarifies Acquisition Cost Of Real Estate Bought Before 2001 For LTCG

Posted on July 26, 2024 By admin
Tax Body Clarifies Acquisition Cost Of Real Estate Bought Before 2001 For LTCG

Indexation allowed taxpayers to compute gains arising out of sale of property after adjusting inflation. New Delhi: The cost of acquisition of real estate properties purchased before 2001 will be the fair market value (FMV, not exceeding the stamp duty value) as of April 1, 2001, or the actual cost of the land or building…

Read More “Tax Body Clarifies Acquisition Cost Of Real Estate Bought Before 2001 For LTCG” »

Nation

Gold Prices Drop By Rs 5,000/10gm Post Budget, Bring Cheers To Retail Investors

Posted on July 26, 2024 By admin
Gold Prices Drop By Rs 5,000/10gm Post Budget, Bring Cheers To Retail Investors

Gold prices have corrected sharply by 7% or Rs 5,000 per 10 grams in the local markets New Delhi: Gold prices have corrected sharply by 7 per cent or Rs 5,000 per 10 grams in the local markets after the government slashed basic custom duty on gold, and the lower costs will encourage more people…

Read More “Gold Prices Drop By Rs 5,000/10gm Post Budget, Bring Cheers To Retail Investors” »

Nation

Analysis of Union Budget 2024: Sector-wise impact

Posted on July 26, 2024 By admin
Analysis of Union Budget 2024: Sector-wise impact

India’s Finance Minister Nirmala Sitharaman holds up a folder with the Government of India’s logo as she leaves her office to present the union budget in the parliament in New Delhi, India, July 23, 2024. | Photo Credit: ALTAF HUSSAIN Union Finance Minister Nirmala Sitharaman, on Tuesday, presented the first Union Budget of the third…

Read More “Analysis of Union Budget 2024: Sector-wise impact” »

Business

Budget Discussion Continues In Both Houses

Posted on July 25, 2024 By admin
Budget Discussion Continues In Both Houses

The budget session of Parliament is scheduled to end on August 12 Parliament Session Live: The discussion on the Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman on July 23, is currently underway in both Houses of Parliament. The Opposition MPs had on Wednesday protested against the Budget in the Lok Sabha and staged…

Read More “Budget Discussion Continues In Both Houses” »

Nation

Amid Budget Row, MK Stalin’s Message To PM

Posted on July 24, 2024 By admin
Amid Budget Row, MK Stalin’s Message To PM

Tamil Nadu Chief Minister MK Stalin (File Photo). Chennai: Tamil Nadu Chief Minister MK Stalin on Wednesday warned Prime Minister Narendra Modi – that he will be “isolated” if he continues to target rivals rather than focus on governance. The comments by Mr Stalin – whose DMK is part of the Congress-helmed INDIA bloc that put…

Read More “Amid Budget Row, MK Stalin’s Message To PM” »

Nation

Fiscal Prudence And Move Towards A Simplified Tax Structure

Posted on July 24, 2024 By admin
Fiscal Prudence And Move Towards A Simplified Tax Structure

There is always a lot of anticipation ahead of a Union Budget announcement in India. Experts and others had plenty to say about what the finance minister should prioritise: cutting taxes, boosting capital expenditure, or reducing spending on social welfare, often seen as freebies. This time, there was a surplus of advice on how the…

Read More “Fiscal Prudence And Move Towards A Simplified Tax Structure” »

Nation

Why Imported Phones May Become Cheaper After Union Budget

Posted on July 24, 2024 By admin
Why Imported Phones May Become Cheaper After Union Budget

Industry experts also believe the move could lead to rationalisation of prices. Finance Minister Nirmala Sitharaman has slashed customs duty on mobile phones and their components, a move that could see a reduction in prices of imported handsets. The announcement came as a part of the Union Budget for fiscal year 2024-25 on Tuesday. “In…

Read More “Why Imported Phones May Become Cheaper After Union Budget” »

Nation

Actor-Turned-MP Jaya Bachchan’s “Nothing For Us” Complaint Against Union Budget

Posted on July 24, 2024 By admin
Actor-Turned-MP Jaya Bachchan’s “Nothing For Us” Complaint Against Union Budget

Actor and Rajya Sabha MP Jaya Bachchan on Wednesday hit out at the Centre over the Union Budget 2024, claiming that its had nothing to offer to the film industry. Talking to NDTV outside the Parliament, the Samajwadi Party leader said that Budget did not offer anything to the film industry. “Actors, all actors. Hum…

Read More “Actor-Turned-MP Jaya Bachchan’s “Nothing For Us” Complaint Against Union Budget” »

Nation

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