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Only houses with a suitable roof and an existing connection to the grid will be eligible for the scheme and consumers will still have to pay for all the net power supplied and consumed via the grid. File | Photo Credit: AFP Finance Minister Nirmala Sitharaman’s Budget address gave a fillip to several commitments made…
Siddaramaiah termed the union budget “disappointing” (File) Bengaluru: Karnataka Chief Minister Siddaramaiah on Tuesday said his government had decided to boycott the NITI Aayog meeting chaired by Prime Minister Narendra Modi on July 27, as a mark of protest against the “neglect” of the state’s demands in the Union Budget. He said there is no…
Read More ““Disappointed” By Budget, Karnataka To Skip NITI Aayog Meet” »
S. Gajraj, chairman, Marketing Committee, Tamilnadu Small and Tiny Industries Association, and his family. Annual Income: ₹25 lakh Number of members in the family: 3 The Budget is pro-poor and pro-women, who are the most vulnerable. It rightly addresses their concerns, and has allocated money for their uplift. But the tax rebate could have been…
Read More “High income group: ‘Tax rebate could have been higher for low earners’” »
D. Kumar, a fruit vendor. | Photo Credit: M. Vedhan Annual income: ₹1.2 lakh per annum No. of family members: 4 D. Kumar and Santhi, a couple, find little solace in the Union Budget being presented every year, and this year is no different. While Mr. Kumar runs a fruit shop in Parry’s, his wife…
Read More “Low income group: ‘Budget lacking in social welfare benefits’” »
A major announcement was the implementation of Digital Public Infrastructure for Agriculture, and digital crop survey of kharif crops in 400 districts. File | Photo Credit: The Hindu Maintaining that enhancing productivity and resilience in agriculture is her priority, Union Finance Minister Nirmala Sitharaman allocated ₹1.52 lakh crore for farming and allied sectors in the first…
DMK MPs will stage a protest in Delhi on July 24 over the Union Budget. (File) Chennai: Chief Minister MK Stalin on Tuesday said Tamil Nadu has been completely ignored in the Union Budget and to condemn it, he said he will boycott the July 27 NITI Aayog meet in Delhi, which will be chaired…
Read More “MK Stalin To Boycott NITI Aayog Meet on July 27, Says No Special Scheme For Tamil Nadu” »
Watch: Budget 2024: What’s in it for agriculture? Union Finance Minister Nirmala Sitharaman said she has allocated about ₹ 1.50 lakh crore to the agriculture sector. Almost all major schemes for farmers have seen an increase in allocation compared to her previous budgets. However, the fertilisers subsidy is down by about ₹1 lakh crore when…
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…
Read More “Watch: Budget 2024: What’s in it for markets and investors?” »
The government has signalled that it wants to revisit the Mahatma Gandhi National Rural Employment Guarantee Act scheme, arguing that it has not met its expected outcome of poverty alleviation. File | Photo Credit: The Hindu Notwithstanding the BJP’s significant losses in rural constituencies in the 2024 general election, the first Budget of the new NDA…
Union Finance Minister Nirmala Sitharaman during a post-Budget press conference in New Delhi on July 23, 2024. | Photo Credit: ANI In a major respite for India’s fledgling startups, Union Finance Minister Nirmala Sitharaman, presenting the Union Budget in Parliament on July 23, announced scrapping the contentious Angel Tax on foreign investments received by such…