Page 7 - Budget And Economy

Rs 10,351.82 cr to Himachal in Budget will immensely help state: Malhotra

Himachal Pradesh will benefit a lot from the Union Budget 2024-25 and receive Rs 10,351.82 crore from the central funds which will give a boost to developmental activities in the state, said Union Minister of State for Transport and Highways and Corporate Affairs Harsh Malhotra here on Saturday. Addressing a press conference to explain the provisions of the Union Budget, he said they will give impetus to horticulture, construction of roads and tunnels besides increasing the Mudra loan from Rs 10 lakh to Rs 20 lakh. Asserting that enormous funds are being spent on construction of highways, tunnels and expansion of railway network, the minister said a sum of Rs 1,681 crore will be spent on the 4.1-km Shinkula Tunnel connecting Lahaul in Himachal and Zanskar in Ladakh located at an altitude of 15,800 feet. Its foundation stone was laid by the Prime Minister Narendra Modi on July 26. He said the road will be constructed by the Border Roads Organisation (BRO). He also informed that a su

CM Stalin attacks Centre, calls Union Budget a 'revenge' against country

Tamil Nadu Chief Minister M K Stalin on Saturday launched a sharp attack against the ruling BJP at the Centre over the 2024-25 Union Budget, calling it a 'revenge' taken by the saffron party against the country and warned it will face more electoral defeats since it was committing "mistake after mistake." Explaining his decision to boycott the Niti Aayog meeting scheduled in New Delhi under the Chairmanship of Prime Minister Narendra Modi on Saturday, Stalin said he was 'compelled' to speak in the people's forum, seeking justice due to the "discriminatory attitude" towards Tamil Nadu reflected in the budget. The state's pleas for disaster relief to the tune of Rs 37,000 crore and Chennai Metro Rail's second phase were not heeded to, he said in a statement. Further, the BJP runs "the government with political motive". "The budget presented on July 23 is evidence of this. In the recently held parliamentary elections, the people of various states defeated the anti-people BJP. The Budg

ITC chairman announces investment of Rs 20,000 cr for 'medium term'

Company has 'unwavering confidence' in country's economic growth, says Sanjiv Puri

Budget 2024-25 throws STCG googly at sovereign wealth, pension funds

It proposes to tax gains arising on transfer or redemption or maturity of unlisted debentures or bonds to be deemed as short-term capital gains

FM has managed to lay down a growth-oriented Budget: Harsh Pati Singhania

Budget proposal to promote investments, create jobs, say industry players

Top firms' profit drop led to cut in corporation tax forecast: Revenue secy

In conversation with Shrimi Choudhary, the senior bureaucrat discusses several tax-related announcements in the Union Budget

Budget 2024: FM Sitharaman continues with push for spiritual tourism

The government will also start a comprehensive development initiative for the city of Rajgir in Bihar, which holds immense religious significance for Hindus, Buddhists and Jains

Parliament highlights: Not possible to name every state in budget, says FM Nirmala Sitharaman

Lok Sabha and Rajya Sabha news: Catch all the news updates related to the developments in the Parliament here

Union Budget 2024-25 significant milestone for country, says Sicci

The Union Budget 2024-25 is a significant milestone for India, with its focus on skills development, higher education, and the empowerment of youth and women, said the Singapore Indian Chamber of Commerce and Industry (SICCI) on Wednesday. "These initiatives are crucial in preparing the Indian citizenry to tackle the economic challenges of the future," SICCI Chairman Neil Parekh said, commenting on the latest financial package designed to drive the Indian economy forward. "SICCI lauds these efforts announced by India's Finance Minister Nirmala Sitaraman. It commends the Indian government under the leadership of Prime Minister Narendra Modi for its foresight in preparing the younger generation to take India to even greater heights," said Parekh. The Budget has allocated Rs 1.48 lakh crore for education, employment, and skill development initiatives in the country, demonstrating the government's commitment to empowering the youth and enhancing their skills for better employment ...

Budget 2024 is growth oriented, addresses right sectors: Vikas Khemani

Union Budget 2024 analysis: The government has laid out a clear vision for 'Viksit Bharat' by addressing key areas - agricultural reforms, manufacturing push and employment generation among others

Union Budget 2024-25: Propelling India's evolution into 'Viksit Bharat'

With the objective of ease of doing business and in line with recent Goods and Services Tax (GST) council recommendations, various proposals have been introduced under GST

Union Budget 2024: Beginning of remarkable direct tax reforms by Modi 3.0

Income tax changes in Budget 2024: On the personal income-tax front, the tax slab rates have been rationalised only under the new tax regime

Budget 2024: Well-defined, well-responsible Budget, says Usispf Ceo Aghi

Describing the maiden budget of Modi 3.0 as a very well defined and responsible budget, the head of a India-centric American business and strategic advocacy group on Tuesday said that it would help in attracting more foreign direct investment and propel India's growth story. I think (it is) a very well-defined budget, a very well-responsible budget. We compliment the prime minister and the finance minister for delivering their budget, Mukesh Aghi, president and CEO of US India Strategic and Partnership Forum (USISPF) told PTI in an interview. When you look at the preliminary analysis of the budget, one thing is the budget is focused on job creation, is focused on skilling and is focused on attracting FDI into the country, he said responding to a question on the annual budget presented by Finance Minister Nirmala Sitharaman in the Parliament on Tuesday. When you look at incentives for the first-time workers, guaranteed one month's salary, that's an important part. The budget is focus

Farm sector hails forward looking budget, Tikait calls it 'empty-handed'

Tikait expressed concern over providing funds for the private sector in agri-research in the name of climate change, letting foreign lobby groups and big corporations push their agenda

Budget 2024: Sensex rebounds 1,200 points from day's lows to end flat

ITC gained 3.8 per cent as there were no changes in the taxes related to tobacco products

Budget 2024: Tax burden on share buybacks shifted to shareholders

Finance Minister proposes to tax income received on buybacks of shares in the hands of recipient

Union Budget 2024-25: Govt abolishes angel tax on startup funding

Capital gains tax rates between listed, unlisted equity aligned

Budget 2024: India to enable VCC structures like Singapore, Mauritius

Industry officials believe that the adoption of the VCC framework has helped Singapore become the hub for international fund management, and a similar move for India will be beneficial

Ignored plight of Manipur amidst flood, violence in Union Budget: Congress

The opposition Congress in Manipur on Tuesday criticised the BJP-led government at the Centre, alleging that it ignored the plight of the state, which not only suffered a major flood but also bore the brunt of ethnic violence, in the Union Budget. State Congress president K Meghachandra alleged that there was a partisan approach in the Budget. "There was a partiality in the budget. The entire Northeast was not taken care of. Manipur was once again neglected. While flood-hit Assam was mentioned, Manipur that witnessed a catastrophic hailstorm and two of the worst floods in more than 20 years was not," he said. "Not providing any aid to more than 60,000 displaced people is also a setback. We are very much disappointed," he said. Meanwhile, the ruling BJP in the state hailed the Budget, asserting that it was dedicated to the holistic and inclusive development of all citizens. In a statement, state BJP spokesperson M Asnikumar said, "To achieve comprehensive social justice, we will em

Budget 2024: Realty gets mixed signals with housing boost, indexation cut

Rs 10 trillion boost for urban housing but indexation removal plays dampener