Page 8 - Budget Session

Budget 2024: Hostels, skilling among initiatives for women in workforce

In her Union Budget 2024 speech, FM Sitharaman also said that partnerships would be created to organise women-specific skilling programmes in India

Sitharaman keeps paperless budget tradition, carries tablet in 'Bahi-Khata'

Budget 2024-25: From 'Bahi-Khata' to going paperless, Finance Minister Nirmala Sitharaman cements new traditions for the budget presentation in India

FM Sitharaman's record 7th Union Budget presentation: All you need to know

Finance Minister Nirmala Sitharaman is set to make history with her seventh consecutive Union Budget presentation today, laying out Modi 3.0's fiscal plan for the India Budget for FY25

News updates: Delhi court extends Manish Sisodia's judicial custody till July 26 in excise case

From Indian Army thwarting a major terror attack in Rajouri to Air India issuing full refunds for cancellation of flight due to Mumbai rain, catch all the latest LIVE updates here

Increased education budget led to rise in enrolment rates: Economic Survey

The survey states a rise in enrolment in higher education has been witnessed between FY15 and FY22, driven by underprivileged sections such as SC, ST, and OBC

Increased FDI inflows from China can help India push exports: Eco Survey

Increased foreign direct investment inflows from China can help increase India's global supply chain participation and push exports, says the Economic Survey. The Survey said as India looks to deepen its involvement in global value chains (GVCs), it needs to look at the successes and strategies of East Asian economies. These economies have typically pursued two main strategies - reducing trade costs and facilitating foreign investment. It added that India faces two choices to benefit from 'China plus one' strategy and that is either to integrate into China's supply chain or promote FDI from China. "Among these choices, focusing on FDI from China seems more promising for boosting India's exports to the US, similar to how East Asian economies did in the past," the Survey, tabled in Parliament by Nirmala Sitharaman on Monday, said. Moreover, choosing FDI as a strategy to benefit from the China plus one approach appears more advantageous than relying on trade. "This is because China

Monsoon session: Parliament not for 'dal' but 'desh', PM Modi tells Oppn

PM Modi says Budget will be crucial for Amrit Kaal, accuses Opposition parties of 'scuttling his voice' in last Parliament session

Finance Minister to table Economic Survey on Day 1 of Budget session today

The Economic Survey of India 2023-24, along with a statistical appendix, will be laid on the table of the Houses of Parliament on Monday. The Budget for the Union Territory of J&K on 23 July.

All-party meet ahead of Budget: 'Special category status' demands ring loud

Economic Survey to be tabled today, ahead of Budget on Tuesday. Oppn looks to put govt on the mat on issues ranging from UP order on Kanwar yatra to railway safety, reports Archis Mohan

Finance Bill apart, govt to move 5 new Bills in the Budget Session

Beginning Monday, session to have 16 sittings before concluding on Aug 12

India put up tariff walls. To revive factories, it must bring them down

The jobs crisis in the most-populous nation has assumed alarming proportions. Young graduates are nine times more likely to be unemployed than those who can't read or write

Food subsidies to cost 11% more than Interim Budget estimate: Report

The country's combined food and fertiliser bill is expected to reach Rs 3.88 trillion, up 5% rise from the estimate in the interim budget unveiled before the election

Union Budget expectations highlights: Real estate sector seeks tax relief

Budget 2024 highlights: FM Nirmala Sitharaman is all set to present the Union Budget 2024-25 in the Lok Sabha on July 23

Budget watch: Real estate sector wants industry status, tax relief

The sector also expects the Centre to provide measures, including tax breaks, to boost the demand for affordable housing, generally priced below Rs 50 lakh

Budget 2024: Govt may introduce amendments to push banking sector reforms

The government is likely to introduce amendments to Banking Regulation Act 1949 and other laws to push banking sector reforms during the upcoming Budget session. Apart from this, amendments in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 are needed for privatisation of public sector banks, sources said. These Acts led to the nationalisation of banks in two phases and provisions of these laws have to be changed for the privatisation of banks, they said. Amendments, if approved by Parliament, would help bring down government holding in state-owned banks below 51 per cent, improve bank governance and enhance investors' protection, sources said. Parliament session beginning on July 22 would witness the Budget presentation on July 23 and conclude with the passage of the Finance Bill on August 12. It is to be noted that the government had listed amendment to these laws to be tak

Budget Watch: What path will the finance minister take in Budget 2024?

It will be interesting to see the path the FM opts for in the Budget and how she strikes a balance between the govt's political compulsions and economy's medium-term needs

Budget 2024 must focus on tax relief to stimulate consumption: India Inc

The Union Budget FY25 should focus on offering relief to taxpayers, especially in the lower income brackets, to stimulate consumption, industry players suggested. Finance Minister Nirmala Sitharaman is scheduled to present the full Budget for fiscal 2024-25 on July 23 which will be the first major policy document of the new government. The industry also urged the finance minister to lower corporate tax, phase out tax exemptions, and broaden tax base to boost economic growth. "Rationalise and simplify the tax system to improve compliance and promote investment. Consider measures such as reducing corporate tax rates, phasing out tax exemptions, and broadening the tax base to make the tax regime more efficient and equitable," Assocham said. Rating agency ICRA said the government is likely to set a fiscal deficit target at 4.9-5 per cent for FY25, as against 5.1 per cent estimated in the Interim Budget on February 1, without compromising the capital expenditure target of Rs 11.1 lakh .

Fair trade, focus on manufacturing, infra on steel firms' Budget wish list

Steel companies hope the govt will continue to focus on infra expansion while also giving the industry a level playing field to compete with imports

Looking ahead

President points to the Budget for explicit policy agenda

Union Budget 2024: Key FAQs on interpreting the Budget, economic priorities

The Union Budget 2024 will detail the government's projected income, expenditure, economic priorities, and resource allocation, pivotal for charting the country's future course