Tag: Union Budget 2024

Finance Ministry eases procurement rules for scientific research equipment

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Finance Ministry eases procurement rules for scientific research equipment

The Union Ministry of Finance. File | Photo Credit: SHIV KUMAR PUSHPAKAR Ahead of the presentation of the Union Budget, the Finance Ministry has announced changes that will provide greater flexibility to scientific Ministries to import and buy equipment necessary for research. These changes, in the General Finance Rules (GFR), follow demands made for years…

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Business

Government Should Rationalise Customs Duty In Budget: Indian Chamber Of Commerce

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Government Should Rationalise Customs Duty In Budget: Indian Chamber Of Commerce

Indian Chamber of Commerce has suggested the government to rationalise customs duties. New Delhi: The Indian Chamber of Commerce (ICC) has suggested the government to rationalise customs duties in various sectors including steel, solar battery, aluminum, and lithium cells in a bid to boost domestic manufacturing. Finance Minister Nirmala Sitharaman is scheduled to present the…

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Nation

India locked into cycle of low investment since 2014, needs new liberalised approach: Jairam Ramesh

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India locked into cycle of low investment since 2014, needs new liberalised approach: Jairam Ramesh

Congress leader Jairam Ramesh. File | Photo Credit: ANI Continuing its attack on the economic policies of the Narendra Modi government ahead of the first budget of the NDA government on July 23, the Congress on Wednesday said that “India has been locked into a cycle of low investment since 2014” due to a combination…

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Business

Budget will be judged by what it does to revive MSMEs: Jairam Ramesh

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Budget will be judged by what it does to revive MSMEs: Jairam Ramesh

Congress leader Jairam Ramesh. File | Photo Credit: ANI This year’s Union Budget will be judged by what it does to revive and rejuvenate India’s Micro, Small and Medium Enterprises (MSMEs), the Congress said on July 16. In a statement, Congress general secretary Jairam Ramesh said that through a “combination of deliberate policy and wilful…

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Business

Union Budget: Space industry demands tax holidays, PLI scheme

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Union Budget: Space industry demands tax holidays, PLI scheme

Union Finance Minister Nirmala Sitharaman will present the budget next week. | Photo Credit: PTI Import holidays, GST exemption for components of launch vehicles, productivity-linked incentives (PLI) and government stepping in as a customer are some of the expectations of the private space sector from Finance Minister Nirmala Sitharaman as she presents the Union Budget…

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Business

Union Budget 2024: NBFC sector seeks more funds to improve liquidity, regulatory reforms from Budget

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Union Budget 2024: NBFC sector seeks more funds to improve liquidity, regulatory reforms from Budget

As of the end of March 2024, NBFCs had a CRAR of 26.6%, a GNPA ratio of 4.0% and a return on assets (RoA) of 3.3%. (Representational image only) Ahead of the upcoming Union Budget scheduled to be presented on July 23, the Non-Banking Financial Company (NBFC) sector is expecting enhanced financial inclusion and reinforcing digitalisation…

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Business

Union Budget 2024: Double standard deduction to ₹1 lakh keeping in mind rising expenses, inflation: KPMG

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Union Budget 2024: Double standard deduction to ₹1 lakh keeping in mind rising expenses, inflation: KPMG

Image for representation purpose only. Doubling standard deduction to ₹1 lakh, increasing tax break on interest paid on housing loan and rationalisation of capital gains tax regime are some of the expectations that consultancy firm KPMG has from the Budget 2024-25 to be unveiled on July 23 in Parliament. There has been a significant rise…

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Business

Watch: Jamnagar’s Bandhani saree makers hoping for government support: Union Budget 2024                   

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Watch: Jamnagar’s Bandhani saree makers hoping for government support: Union Budget 2024                   

Watch: Jamnagar’s Bandhani saree makers hoping for government support | Union Budget 2024           Those involved in the Bandhani textile industry of Gujarat’s Jamnagar are advocating for government support, ahead of the upcoming Union budget to be presented by the Finance Minister on July 23. File photo | Photo Credit: KRISHNAN VV Jamnagar’s exquisite Bandhani sarees,…

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Business

Budget must address fundamental questions, why is private investment very sluggish: Congress

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Budget must address fundamental questions, why is private investment very sluggish: Congress

Congress general secretary Jairam Ramesh. File | Photo Credit: PTI The Congress on July 12 said the forthcoming Budget must address fundamental questions such as why private investment is “very sluggish” and private consumption is not picking up as the party dismissed claims that economic growth is accelerating sharply and large numbers of jobs being…

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