Page 26 - Finance Minister

Interim Budget 2024-25: Strong foundation towards 'Viksit Bharat'

The cornerstone of this Budget is a commitment to foster global competitiveness among Indian enterprises, attract foreign investments, and bolster startups and innovation-driven ecosystems

5.6 mn updated ITRs filed, Rs 4,600 cr taxes mopped up in 2 yrs: CBDT

The income tax department has garnered about Rs 4,600 crore in taxes from 56 lakh updated I-T returns filed by taxpayers in the past two years, Central Board of Direct Taxes (CBDT) chief Nitin Gupta said. In a post budget interview to PTI TV, Gupta also said the I-T department has set up a demand management centre at Mysuru, Karnataka, which is focusing on disputed pending large tax demands of above Rs 1 crore. "We are continuously improving the services and creating litigation free environment. We have come out with a facility for updation of return. 56 lakh updated returns updated and garnered around Rs 4,600 crore taxes from that," Gupta said. The Interim Budget 2024-25 has announced withdrawal of outstanding small tax demands, some even dating back to 1962, of up to Rs 25,000 till 2014-15 in respect of income, wealth and gift taxes. There are about 1.11 crore such disputed demand entries and the aggregate tax demand involved is Rs 3,500-3,600 crore. Gupta said the move would ..

Decadal perspective: Modi govt has pushed the pedal on growth, technology

Focus on technology and encouraging research and development to fuel innovation

USIBC President hails India as a 'pillar of stability' in uncertain world

He underscored the mutual recognition that both the United States and India are leading global job creation and prosperity

FM Sitharaman's interim Budget extends tax benefits in IFSC till March 2025

Proposal will give 'some breather' business set up in GIFT city, she says

Ready reckoner: FM Sitharaman's interim Budget places emphasis on growth

Our government stands committed to strengthening and expanding the economy with high growth, and to creating conditions for people to realise their aspirations, she said

Interim Budget 2024: India's economic future bright, in capable hands

While the IMF estimates the Indian economy to grow at 6.7 per cent in 2023-24, there is no other comparable economy that is growing as rapidly as India

FM Sitharaman's interim Budget tries to focus on achieving long-term growth

The key change on the expenditure side is the focus on outcomes as well as satu­ration of beneficiaries

Interim Budget 2024-25: Higher tax-to-GDP ratio needed

The Finance Minister clearly mentioned that the government will rely less on market borrowings and, thereby, facilitate more credit availability for the private sector from the banking system

Decadal perspective of Modi govt: State finances recovering from pandemic

Scheme of fifty-year interest free loan for capital expenditure to continue with total outlay of Rs 1.3 trillion

Interim Budget: Railways get 3 new corridors; 40,000 bogies to be upgraded

Proposals will lead to safety and higher travel speed for passengers, says Finance Minister

Interim Budget 2024 highlights: Capex from govt will continue, says FM

Union Budget 2024 LIVE updates: FM Sitharaman in her Interim Budget speech stated the Centre is working towards making India 'viksit' by 2047. Catch the latest updates here

Interim Budget: Equip youth for nation's progress, says FM Sitharaman

When it comes to youth, skilling has been a major focus area. The Skill India Mission has trained 14 million youth, upskilled and reskilled 5.4 million youth, shared FM Sitharaman

Governance, development, performance key themes for Budget 2024-25: FM

We're not just aligning with fiscal consolidation path but bettering it: FM

Interim Budget: Share of capex allocation jumps to 30-year high in FY25

The headline figure of Rs 11.1 trn is 11.1% higher than FY24, says Finance Minister

Interim Budget: Improved fiscal resilience amid modest tax buoyancy

The Interim Budget had assumed nominal GDP growth of 10.5 per cent of GDP, but First Advance Estimates placed it at 8.9 per cent

Budget 2024: Sitharaman bats for developing iconic tourist destinations

The finance minister announced that long-term interest-free loans will be provided to states for financing the development of iconic tourist centres

Interim Budget: Rama's radiance in FM Sitharaman's six yards of optimism

The Opposition made only half-hearted efforts to interrupt the speech and did not appear to notice that in the Budget speech, the Prime Minister was quoted five times

Interim Budget 2024-25: 'Commitment to fiscal prudence and growth'

India has emerged as one of the most preferred destinations for global investors

Interim Budget 2024: 'A transformative yet prudent financial statement'

Overall, the government has presented a forward-looking Budget with enough assurances to trust it to lay down the roadmap through the full Budget and sticking to GDP