Nirmala Sitharaman proposes abolishment of angel tax to bolster Indian start-up eco-system
Jul 23, 2024, at 10:02 pm
Union Finance Minister Nirmala Sitharaman proposed to abolish ‘angel tax’ for all classes of investors while presenting the Union Budget 2024-25 in Parliament on Tuesday.
Union Budget: New pension scheme named Vaysalya proposed for minors
Jul 23, 2024, at 09:50 pm
A new pension scheme named ‘Vatsalya’ has been proposed for minors by Union Minister for Finance & Corporate Affairs Nirmala Sitharaman in the Union Budget 2024-25 tabled in Parliament on Tuesday.
Union Budget: Indian government allocates Rs. 11,11,111 crore for capital expenditure
Jul 23, 2024, at 08:36 pm
Acknowledging the strong multiplier effect of building and improving infrastructure on the economy, the Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman while presenting the Budget 2024-25 in Parliament today announced the provisioning of ₹ 11,11,111 crore for capital expenditure.
Jul 23, 2024, at 08:08 pm
New Delhi/IBNS: While focusing on employment generation and rural development, the two components that supposedly cost the Narendra Modi government an absolute majority in its third consecutive term, the historic seventh Union Budget by Finance Minister Nirmala Sitharaman spent a considerable pie for Andhra Pradesh and Bihar, the two states ruled by major allies of the Bharatiya Janata Party (BJP)-led NDA, which returned to power with coalition strings attached.
Jul 23, 2024, at 08:06 pm
Union Finance Minister Nirmala Sitharaman proposed that the long-term gains on all financial and non-financial assets will attract a tax rate of 12.5 per cent.
Union Budget announces Rs 1000 cr venture capital fund to expand space economy
Jul 23, 2024, at 07:24 pm
Union Finance Minister Nirmala Sitharaman has announced several measures to step up adoption of technology towards digitalization of the economy with a big focus on the country's growing space economy.
UnionBudget2024: FM proposes eight new measures to support MSMEs
Jul 23, 2024, at 07:10 pm
With an eye on employment generation and to boost the manufacturing sector, Union Finance Minister Nirmala Sitharaman announced special measures for the MSME sector.
Union Budget announces paid internship for 1 crore youth in top 500 companies
Jul 23, 2024, at 06:49 pm
With an eye on skilling and employment generation, the Modi government will launch a comprehensive scheme for providing internship opportunities for youths in top companies. This will be the 5th scheme under the Prime Minister’s package.
Jul 23, 2024, at 05:48 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Tuesday announced help for three hill states- Himachal Pradesh, Uttarakhand and Sikkim- and Assam to tackle the effects of natural calamity.
Budget 2024: Sitharaman announces financial aid for Andhra Pradesh, major support for Bihar
Jul 23, 2024, at 05:28 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Tuesday made major announcements for two states, Andhra Pradesh and Bihar, which are ruled by the Modi government's key allies, Telugu Desam Party and Janata Dal (United) respectively.
Make in India push or tax relief? Nirmala Sitharaman to present Union Budget today
Jul 23, 2024, at 02:32 pm
Union Finance Minister Nirmala Sitharaman on Tuesday will present her first budget since her government came to power for the third straight term after winning the Lok Sabha polls in June.
Jul 22, 2024, at 11:58 pm
As the Indian concept of welfare transforms into empowerment, India is transitioning from women’s development to women-led development, highlights the Economic Survey 2023-2024.
Jul 22, 2024, at 11:52 pm
The Economic Survey 2023-2024 highlighted economic empowerment of women notes that increased accesses to education and skill development, as well as other initiatives for women’s empowerment have elevated the participation of women in the nation’s development and progress.
Share of MSMEs in manufacturing output in India stands at 35.4 percent, Economic Survey finds
Jul 22, 2024, at 11:43 pm
The Economic Survey tabled by the Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman in Parliament on Monday, highlights the importance of the MSME sector in the Indian economy with an all-India manufacturing output of 35.4 percent.
The number of patents granted in India crossed 1 lakh in FY 23-24, Economic Survey
Jul 22, 2024, at 11:00 pm
Rapid rise in patents and start-ups shows knowledge and innovation-backed economic growth in the country.
Economic Survey shows 2.63 crore houses constructed for poor in last nine years in rural areas
Jul 22, 2024, at 10:58 pm
The integrated and sustainable development in rural India is at the heart of the Government’s strategy.
Economic Survey says adopting BIM needed to reduce project delays
Jul 22, 2024, at 10:56 pm
In recent years, various aspects of infrastructure development have been integrated with technology to improve the efficiency of infrastructure plans, designs, and assets, states the Economic Survey 2023-24 tabled by Union Minister of Finance & Corporate Affairs Nirmala Sitharaman, in Parliament on Monday.
Here's how stock markets are likely to react before and after Union Budget 2024
Jul 12, 2024, at 10:26 pm
Mumbai/IBNS: The Government of India is set to present the Union Budget 2024 on July 23 this year.
GST Council tweaks rates for range of products and services
Jun 23, 2024, at 06:51 am
New Delhi: Union Finance Minister Nirmala Sitharaman presided over preliminary discussions with finance ministers from states and Union Territories to gather their perspectives ahead of the upcoming Budget.
Nirmala Sitharaman set to make history with 7th consecutive Budget next month
Jun 15, 2024, at 01:26 am
New Delhi: Finance Minister Nirmala Sitharaman is poised to make history next month when she presents the Union Budget 2024-25 in Parliament.
‘Seeds’ of the NPA crisis sown during UPA regime, IBC addressed the issue effectively: Sitharaman
May 31, 2024, at 10:55 pm
New Delhi: The ‘seeds’ of the NPA crisis were sown during the Congress-led UPA era through ‘phone banking’, when loans were given to undeserving businesses under pressure from UPA leaders and party functionaries. Banks were forced to neglect proper due diligence and risk assessment before sanctioning these loans, Finance Minister Nirmala Sitharaman said on X.
May 31, 2024, at 10:06 pm
New Delhi: The Enforcement Directorate (ED) has seized Rs 64,920 crore related to nearly 1,105 bank fraud cases to date, Finance Minister Nirmala Sitharaman reiterated on May 31 in a series of posts on the social media platform X.
India must boost manufacturing to increase share in global value chains: FM Sitharaman
May 18, 2024, at 04:43 am
New Delhi: India should intensify manufacturing activities to increase its share in global value chains and attain self-reliance aided by government policies, Finance Minister Nirmala Sitharaman said on Friday.
May 07, 2024, at 04:54 am
Former Chief Justice of Jharkhand High Court, (Retd.) Justice Sanjay Kumar Mishra, has been appointed as the first President of the Goods and Services Tax Appellate Tribunal (GSTAT), clearing the decks for resolving GST-related disputes.
India's Apr-Feb fiscal deficit at Rs 15.01 lakh cr, reaches 86.5% of FY24 target
Mar 29, 2024, at 04:24 am
New Delhi: India's fiscal deficit for the period between April and February of FY24 amounted to Rs 15.01 lakh crore, nearly 86.5 percent of the target set for the entire financial year.
Parliament approves Finance and other appropriation bills after discussion
Feb 09, 2024, at 02:33 am
New Delhi/IBNS/UNI: The Parliament Thursday gave its nod to the Narendra Modi government's interim Budget with Rajya Sabha returning the Finance Bill 2024 and related appropriation bills after discussion.
A visionary stride for women-led development in India’s 2024 budget
Feb 05, 2024, at 01:03 am
Indian Finance Minister Nirmala Sitharaman has offered a progressive vision for the nation’s women through the interim budget which prioritized empowering women ("Nari Shakti") through entrepreneurship, making their lives easier, and ensuring their dignity.
'Growth, welfarism and fiscal restraint': NSE MD on Interim Budget
Feb 02, 2024, at 07:18 am
The Interim Budget FY25 presented by Finance Minister Nirmala Sitharaman focused on growth, welfarism and fiscal restraint, while ensuring continuity on policies and taxation.
Anand Mahindra praises Interim Budget, lauds Nirmala Sitharaman for high tax-GDP ratio
Feb 02, 2024, at 04:49 am
Mumbai: Mahindra Group Chairman Anand Mahindra took to social media to laud the Interim Budget presented by Finance Minister Nirmala Sitharaman on Thursday.
FM Nirmala Sitharaman presents Interim Budget 2024-25: Industry reacts
Feb 01, 2024, at 11:39 pm
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said India's economy is undergoing a profound shift as she presented the final budget of the Narendra Modi government before the Lok Sabha polls scheduled for May. Emphasising the government's commitment, Sitharaman highlighted a focus on enhancing conditions for marginalised groups, including the poor, women, youth, and farmers, laying the groundwork for forthcoming welfare schemes in these sectors during her Budget 2024 address.