Page 337 - Economy & Policy News

Budget 2024: Minority affairs ministry's allocation increases by Rs 574 cr

The budgetary allocation for the Ministry of Minority Affairs has increased by Rs 574.31 crore to Rs 3,183.24 crore for 2024-25 as against the revised estimate of Rs 2,608.93 crore in 2023-24.

Budget 2024: Child rights orgs hail National Pension Scheme for minors

In education, the Samagra Shiksha Abhiyan's budget has seen a slight increase, while the allocation for PM Schools for Rising India (PM-SHRI) has surged by 51.25 per cent to Rs 6,050 cr

Budget 2024: Will make up for revenue forgone, says FM Nirmala Sitharaman

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

End of angel tax to new I-T slabs: Budget 2024 is political but prudent

This Budget will further energise the aspirations of our neo-middle class. Unprecedented opportunities will be unleashed for our younger generation, says PM Modi

Budget 2024: Unemployment rate among females is higher than males

More vocational and technical training is available but over two-third of the working age population has received none

Budget 2024: FM exhorts states to take up next-gen reforms agenda

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

Union Budget 2024-25: Rise in income tax filings by individuals

The largest source of income for individuals is salaries, but it has grown slowest among income categories

Budget 2024-25: Credit support for MSMEs to help them compete globally

The budget also announced a new mechanism for facilitating the continuation of bank credit to MSMEs during their stress period

India must strengthen manufacturing sector to create jobs: Fitch analyst

During Tuesday's annual budget, India's government announced plans to spend $24 billion to create jobs over the next five years and $32 billion on rural development this year alone

Union Budget 2024: Revenue expenditure raised, capex remains untouched

Allocations for Andhra Pradesh and Bihar, but financial implication unclear

Union Budget 2024-25: Absence of incentives disappoints hospitality sector

India has witnessed a remarkable development in the tourism and hospitality sectors in the post-COVID-19 era. According to the Economic Survey 2023-24

Budget 2024: Mere 0.5% boost to department of drinking water and sanitation

Budget also includes significant funding for water supply and sanitation at Rs 64,302.85 cr, an increase from the previous year's Rs 64,138.41 cr

Census, NPR unlikely in 2024 too as only Rs 1,309.46 cr allocated in Budget

The house listing phase of the census and the exercise to update the NPR were scheduled to be carried out across the country from April 1 to September 30, 2020 but were postponed due to the COVID-19

Govt proposes to set up e-commerce hubs to promote exports in PPP mode

Commerce Secretary Sunil Barthwal has recently said that a regulatory framework to push the country's exports through e-commerce medium is expected to be ready by September

Chief economic advisor Nageswaran calls out rich nations' climate hypocrisy

In the annual economic survey, Nageswaran said it is morally wrong to ask developing countries to abandon their aspirations for better living standards

Need to create 8 million jobs a year until 2036, says Economic Survey

Nudges pvt sector on jobs, cautions on AI; sees GDP growing by 6.5-7% in FY25; makes a case for FDI from China

Amid geopolitical tensions, growing exports to be stiffer challenge: Survey

Cites risks of geopolitical tensions, rise in protectionism, higher trade cost because of the Red Sea crisis, and commodity price volatility as reasons

Economic Survey 2023-24: How India's overtime premium dwarfs peers'

This could be a disadvantage for the Indian economy, mentions the survey

Boost to PLI, MITRA schemes to unlock non-farm job growth: Economic Survey

Share of agriculture in workforce will decline from 45.8 per cent in 2023 to one-fourth in 2047, it says

Developed world's climate plans in a fog, India's a clear blue sky: Survey

"Even as developed nations prepare to impose a carbon tax at the border on imports coming into their countries laden with carbon, they are ramping up energy demand like never before," said the Survey