Page 55 - Latest Updates on Nirmala Sitharaman
Budget 2024: High allocation expected for railways despite capex pressure
A report, citing government officials, said that the gross budgetary support for railways is set to increase to Rs 2.6 trillion
 "Budget 2024: High allocation expected for railways despite capex pressure")
Budget 2024: Infrastructure takes centre stage post Lok Sabha elections
With the 2024 Lok Sabha elections now concluded, all eyes are on the Union Budget, which will be announced in July. Here's a glimpse into the key infra allocations of Interim Budget 2024
 "Budget 2024: Infrastructure takes centre stage post Lok Sabha elections")
ICAI, MCA secretary discuss road map to create big Indian companies
Earlier in May, Finance Minister Nirmala Sitharaman had said that the ICAI should take it as a challenge to set up an Indian big four firm and seek global clients
 "ICAI, MCA secretary discuss road map to create big Indian companies")
New Odisha govt seeks higher allocation of funds for infra development
It also asked for sanction of funds for construction of at least 500,000 houses in rural and urban areas of Odisha under PMAY and support from the Centre for new city development
 "New Odisha govt seeks higher allocation of funds for infra development")
News updates: Govt orders CBI probe in NEET paper leak case
Catch all the latest news updates from around the world here
 "News updates: Govt orders CBI probe in NEET paper leak case")
Budget 2024: TN urges FinMin to provide Rs 63,000 cr for CMRL Phase II
The central project recommended by the Public Investment Board in August 2021 was awaiting approval of the Cabinet Committee on Economic Affairs for the last three years
 "Budget 2024: TN urges FinMin to provide Rs 63,000 cr for CMRL Phase II")
GST Council waives interest, penalty on tax demands between FY18 and FY20
Reconstituted rate rejig state panel; asked to give status report in subsequent meet post Budget
 "GST Council waives interest, penalty on tax demands between FY18 and FY20")
Centre anticipates Rs 70k crore GST cess surplus from 'sin' goods
The surprise surplus is attributed to impressive revenue generation from taxes on the so called "sin" goods like pan masala, cigarettes
 "Centre anticipates Rs 70k crore GST cess surplus from 'sin' goods")
Budget 2024: FM vows Centre's support to states via timely tax devolution
At the pre-budget meeting with state finance ministers, Nirmala Sitharaman also nudged states to take advantage of the scheme under which the Centre gives 50-year interest free loan to states
 "Budget 2024: FM vows Centre's support to states via timely tax devolution")
Budget: Farm bodies for higher agri R&D spend, more PM-KISAN allotment
The farmers' groups pitched for the rationalization of fertilizer subsidies and infrastructure development to boost the sector's resilience against climate change
 "Budget: Farm bodies for higher agri R&D spend, more PM-KISAN allotment")
Agri bodies urge FM Sitharaman to boost research, rationalise subsidies
Pre-budget meeting: Finance Minister meet agricultural bodies to discuss policy and budget recommendations
 "Agri bodies urge FM Sitharaman to boost research, rationalise subsidies")
Budget 2024: Capex momentum for developing highways likely to continue
Focus will be on the quality of work done and not just the length of highways built, say senior govt officials
 "Budget 2024: Capex momentum for developing highways likely to continue")
Increase capex, simplify taxes, bring more PLI schemes: India Inc to FM
Sanjiv Puri, president of the Confederation of Indian Industry (CII), suggested that the capex spending should be increased by 25% over the revised estimate of 2023-24
What did FM Sitharaman say about fiscal deficit in the last 5 Budgets?
Finance Minister Nirmala Sitharaman is expected to maintain fiscal deficit target at 5.1% for FY25
 "What did FM Sitharaman say about fiscal deficit in the last 5 Budgets?")
Union Budget 2024: India's rail safety in focus after recent collisions
Despite substantial previous Budget allocations, incidents like the Kanchanjunga Express collision with a goods train in West Bengal highlight ongoing concerns
 "Union Budget 2024: India's rail safety in focus after recent collisions")
Budget 2024 to have Rs 5 trillion allocation for tribal community: Minister
Union Budget 2024: In the interim budget announced on February 1, Finance Minister Nirmala Sitharaman had allocated Rs 1.3 trillion to Tribal Affairs Ministry
 "Budget 2024 to have Rs 5 trillion allocation for tribal community: Minister")
Budget 2024: Boost jobs, stick to fiscal goals, economists advise FM
Economists discussed measures for capacity-driven growth that should be sustainable and the need to push private sector investment and consumption to sustain the growth momentum
 "Budget 2024: Boost jobs, stick to fiscal goals, economists advise FM")
Modi 3.0 readies for Budget 2024: Tax reforms, economic strategies in focus
Union Budget 2024 is expected to introduce reforms in income tax structure with a focus on reducing taxes for lower income brackets to stimulate consumption
 "Modi 3.0 readies for Budget 2024: Tax reforms, economic strategies in focus")
Union Budget 2024: What's ahead for India's space sector development?
The allocation for space department saw a modest 4 per cent increase, from Rs 12,545 crore to Rs 13,043 crore in the Interim Union Budget 2024
Union Budget 2024: No likely cut in fuel prices, PMAY allotment may rise
The Union Budget 2024 is expected to be announced in the third week of July. Finance Minister Nirmala Sitharaman to hold pre-budget meeting on June 20