Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25
Gradually, we are moving towards a simplified taxation regime, while bringing down the incidence of tax itself. Therefore, we are taking this review, says FM
India under the present government added 3,000 kms of Dedicated Freight Corridor, substantial patch doubling, quadrupling and track renewals
Exemption from BCD on import of certain minerals to be used in strategic sectors such as telecommunication, space, high-tech electronics, etc
This Budget will further energise the aspirations of our neo-middle class. Unprecedented opportunities will be unleashed for our younger generation, says PM Modi
More vocational and technical training is available but over two-third of the working age population has received none
Internship opportunities, easy skilling loans, new centrally sponsored scheme, ITI upgradation announced
Devolution of central taxes among states has remained a contentious issue over cess
The govt will continue to drive investments with focus on capex spending
Only those employers that hire 50 non-EPFO-enrolled workers, or 25 per cent of its previous year's EPFO employees, will be eligible
Nine priorities expedite journey towards goal of 'Viksit Bharat', said finance minister
The effective capital expenditure for the financial year is Rs 15 trillion, which includes close to Rs 3.9 trillion in grants to states for infrastructure creation
Shipbuilding, Cruise Push to Pave Way for Employment, says Sonowal
In the same way, the various measures aimed at supporting micro, small and medium-sized enterprises will provide the much needed support to local suppliers and subcontractors across the country
The divestment target has been set at Rs 50,000 crore, similar to previous years
The import duty of gold and precious metal jewellery, platinum as well as silver has been reduced to enhance the domestic value addition in these precious metals
However, speaking to Business Standard immediately after the Budget, Sitharaman said the deviation from the interim Budget was minor, and only one of accent
"Jharkhand suffers from the Centre's apathy because it is ruled by a non-BJP government.'' Jharkhand Congress president Rajesh Thakur said
The gross borrowing target is lower relative to gross domestic product as well as in absolute terms. This has meant that deficits remain under control
The final report of the 15th Finance Commission had recommended transfer of 41 per cent of central taxes to the states after two Union Territories were carved out of Jammu and Kashmir