Govt raises MSME lending target to Rs 27.5 lakh cr for FY25
New Delhi: The Union government has raised its lending target for Micro, Small, and Medium Enterprises (MSMEs) to Rs 27.5 lakh crore for FY25, marking an increase of over 10% compared to the previous year, media report said.
Govt likely to raise STCG tax above 20% in future, says official
New Delhi/IBNS: The government is likely to consider further raising the short-term capital gain (STCG) tax rates in the coming years, Moneycontrol reported quoting a senior government official.
Foreign investors pull out $1.27 billion from Indian stock market after Union Budget
Mumbai/IBNS: Foreign portfolio investors (FPIs) have taken out almost Rs 10,710 crore ($1.27 billion) from the Indian stock market in the last three days after the government, in the Union Budget, raised taxes on derivatives trades and on capital gains from equity investments, reports said.
New Delhi: The Indian Railways received a 2 percent increase in its capital expenditure (capex) allocation in the Union Budget of 2024-25, reaching a record Rs 2.652 trillion, up from Rs 2.6 trillion in the Revised Estimate (RE) for 2023-24.
The Indian Government will launch a comprehensive scheme for providing internship opportunities in top companies, Union Minister Nirmala Sitharaman announced on Tuesday.
Union Budget: Government will implement 3 schemes for 'Employment Linked Incentive'
The Government will implement 3 schemes for ‘Employment Linked Incentive’, as part of the Prime Minister’s package.
Union Budget: Land reform and actions to be incentivised for completion within next 3 years
While presenting the Union Budget 2024-25 in Parliament on Tuesday, the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman said land-related reforms and actions, both in rural and urban areas, will be incentivized for completion within the next 3 years through appropriate fiscal support.
Union Finance Minister Nirmala Sitharaman has announced several measures to step up adoption of technology towards digitalization of the economy.
Union Minister for Finance & Corporate Affairs Nirmala Sitharaman announced a financial support for loans upto Rs. 10 lakh for higher education in domestic institutions for helping youth who have not been eligible for any benefit under government schemes and policies.
Nirmala Sitharaman proposes abolishment of angel tax to bolster Indian start-up eco-system
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: Indian government allocates Rs. 11,11,111 crore for capital expenditure
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.
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: Standard reduction increased from Rs. 50,000 to Rs. 75,000
Several benefits to provide tax relief to salaried individuals and pensioners opting for the new tax regime were announced by the Union Finance and Corporate Affairs Minister Nirmala Sitharaman while presenting the Union Budget 2024-25 in the Parliament on Tuesday.
India’s Real growth stands at 8.2 percent and Nominal growth at 9.6 percent in FY 2023-24, Finance Minister Nirmala Sitharaman said on Tuesday while presenting the Union Budget.
Make in India push or tax relief? Nirmala Sitharaman to present Union Budget today
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.