Page 11 - Budget 2024

Budget allocates Rs 1.28 trn for telecom ministry; BSNL to get Rs 82,916 cr

The government has proposed the allocation of Rs 1.28 lakh crore for telecom projects and public sector firms under the telecom ministry with a majority of funds earmarked for state-owned BSNL. Of the total proposed allocation, over Rs 1 lakh crore is meant for BSNL and MTNL-related expenses, including Rs 82,916 crore infusion in BSNL for technology upgradation and restructuring at BSNL. "The total net allocation for this demand in BE (Budget Estimate) 2024-25 is Rs 1,28,915.43 crore (Rs 1,11,915.43 crore plus Rs 17,000 crore). The additional provision of Rs 17,000 crore is met from the balances available under Universal Service Obligation Fund and will be utilised for schemes viz., Compensation to Telecom Service Providers, Bharatnet and Research and Development," the budget document said. The budget has proposed to allocate Rs 17,510 crore for pensionary benefits of the employees of the Department of Telecommunications, including employees absorbed in Bharat Sanchar Nigam Ltd and

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

The Budget 2024-24 on Tuesday allocated Rs 1,309.46 crore for census, a significant reduction from 2021-22 when Rs 3,768 crore was allocated for the decadal exercise, an indication that it may not be carried out even after a significant delay. A meeting of the Union cabinet on December 24, 2019 had approved the proposal for conducting census of India 2021 at a cost of Rs 8,754.23 crore and updating the National Population Register (NPR) at a cost of Rs 3,941.35 crore. 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 outbreak. The census operation continues to be on hold and the government has not yet announced the new schedule. Officials said since general elections had taken place this year, the census exercise will not be able to be carried out in 2024. According to the Budget 2024-25, Rs 1,309.46 crore has been allocated for censu

Budget 2024: Tax exemptions expanded to retail schemes, ETFs in Gift-IFSC

With the changes, these schemes will now enjoy tax exemptions similar to that of category III AIFs set up in the IFSC

Budget 2024 Stock Market Highlights, July 23: Sensex, Nifty end flat; LTCG, STCG rule hits sentiment

Budget 2024 Stock Market Highlights: Post the initial jitters after the LTCG and STCG tax rejig announcement, the benchmark Sensex recovered as much as 1200-odd points from its day's lows of 79,224

Union Budget 2024: Paving the path for India's sustained growth story

India's FY25 capital expenditure outlay is maintained at Rs 11.11 trillion, in line with the Interim Budget and up from last year's estimate of Rs 9.5 trillion

Don't need angel tax to stop money laundering: FM Sitharaman on Budget 2024

Union Budget 2024-25: Union Finance Minister Nirmala Sitharaman clarifies tax on long-term capital gains, angel tax, and government effort to widen the tax net

A balanced Budget 2024-25 should be a big relief for markets: Manish Jain

India Budget 2024-25 News Highlights: By raising LTCG tax to 12.5 per cent and STCG tax to 20 per cent, the overhang for stock markets gets removed

Union Budget 2024: Key changes in direct taxes announced by FM

Direct tax is a type of tax that is paid by an individual directly to the government

Budget 2024: MHA gets Rs 2.19 trn; major chunk for CRPF, BSF, CISF

The Union Budget 2024-25 on Tuesday allocated Rs 2,19,643.31 crore to the Ministry of Home Affairs with the majority of it -- Rs 1,43,275.90 crore -- being given to central police forces like the CRPF, BSF, and CISF which are responsible for internal security, border guarding, and security of vital installations. The interim budget 2024-25 had allocated Rs 2,02,868.70 crore to the home ministry, helmed by Union Home Minister Amit Shah. Union Finance Minister Nirmala Sitharaman has allocated Rs 42,277.74 crore to Jammu and Kashmir which is currently under the direct control of the central government after the abrogation of Article 370. Jammu and Kashmir was stripped of its special status in August 2019 and the erstwhile state was bifurcated into two Union Territories. In the budget, Rs 5,985.82 crore has been given to Andaman and Nicobar Islands, Rs 5,862.62 crore to Chandigarh, Rs 5,958 crore to Ladakh, Rs 2,648.97 crore to Dadra and Nagar Haveli and Daman and Diu and Rs 1,490.10 .

Budget 2024: 'Cruel, madness' - internet angry over capital gains tax hike

Union Budget 2024: Several people took to social media platform X (formerly Twitter) to criticise the move, noting that it is painful for stock market investors

Budget 2024: Modi 3.0 govt simplifies taxes, fosters foreign investments

India Budget 2024 tax rules: In order to achieve the vision of simplifying taxes, FM Nirmala Sitharaman announced a comprehensive review of the Income Tax Act, 1961

Budget 2024 reactions: BJP, ally Nitish Kumar and Opposition, who said what

Union Budget 2024: The Congress was quick to point out that the parts of Sitharaman's Budget were inspired from its Lok Sabha elections 2024 manifesto

3 cancer drugs now exempt from customs duty; X-ray tubes to become cheaper

The Union minister also brought down the customs duty on X-ray tubes used in medical X-ray machines

Budget 2024: How stock market experts decode Nirmala Sitharaman's speech

Following the Finance Minister's speech, experts have shared their outlook and key takeaways from the Budget 2024 announcements

Union Budget 2024: Gaya gets Centre's nod for development. But is it new?

Finance Minister Nirmala Sitharaman's 2024 Budget supports Gaya's industrial development and spiritual tourism, aiming to boost the eastern region's growth

Budget 2024: Health Ministry's Budget outlay jumps 12.9% to Rs 90,958 crore

The budgetary estimate figures for FY25 include the combined outlay for the two departments under the health ministry: the department of health and family welfare and the department of health research

Union Budget 2024: Rahul Gandhi calls it a copy-paste 'kursi bachao' Budget

Budget 2024: Congress leader Rahul Gandhi said the Budget 2024 document was copied from the Congress party's election manifesto

India Budget 2024 steers economic growth amid fiscal prudence: Sujan Hajra

Union Budget 2024 news: The budget prioritises sectors like agriculture, education, and employment generation, broadening the base for economic advancement

Budget 2024: Rajnath Singh thanks FM for highest allocation to defence

This Budget is unique in many ways and by clearly outlining the NDA Government's 9 key priorities for all-round and inclusive development, defence minister Singh added

A progressive and forward-looking Budget, says artist Paresh Maity

This Budget provides a roadmap for enhancing the support for women so that they are able to play a greater role in the development of the economy, said Paresh Maity