Page 22 - Finance Ministry

Budget 2024: FM Nirmala Sitharaman hikes higher education funding by 8%

Union Budget 2024: Finance Minister Nirmala Sitharaman allocated Rs 47,619 crore for the higher education sector under the Ministry of Education

Budget 2024: Customs duty hike to increase costs for 4G, 5G network rollout

Union Budget 2024: The increase in basic customs duty on printed circuit board assemblies from 10% to 15% can help create a robust telecom equipment manufacturing ecosystem in India

Budget at a glance: Here're the key numbers from Union Budget 2024

This is Nirmala Sitharaman's seventh consecutive presentation

Is old tax regime over? What FM Sitharaman said about old and new regimes

Union Budget 2024-25: Govt to review old tax regime. What is the current tax system and what has the Budget 2024 proposed for FY25

Union Budget 2024-25: A Budget for long term capital and gains

The stock market's knee-jerk reaction must not define FM Sitharaman's far-reaching Budget

Budget 2024-25 commits reforms to strengthen IBC, strengthen tribunals

Finance Minister says integrated technology platform will be set up for improving bankruptcy code outcomes

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

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

Budget 2024: FM's speech sparks praise for employment scheme, angel tax cut

Budget 2024: Industry experts react to Finance Minister's announcement of three employment-linked incentive schemes, abolition of angel tax, among others

FM's Budget speech more focused on posturing than action, says Congress

The Congress on Tuesday claimed that the government seems to have finally come around to "tacitly admitting that mass unemployment is a national crisis" that requires urgent attention, as it slammed Finance Minister Nirmala Sitharaman's budget speech as being "more focused on posturing than action". The opposition party's assertion came after Sitharaman in her budget speech announced that the government will launch three employment-linked schemes. These schemes will be based on enrolment in the Employees' Provident Fund Organization (EPFO), Sitharaman said in the Lok Sabha. Congress general secretary in-charge communications Jairam Ramesh said, "After ten years of denial -- where neither the non-biological PM nor his party's Lok Sabha Elections Manifesto would even mention jobs -- the Union Government seems to have finally come around to tacitly admitting that mass unemployment is a national crisis that requires urgent attention." "It's far too late, and as it turns out, far too ..

Budget 2024: 'FM taking ideas from Congress manifesto', says Jairam Ramesh

Union Budget 2024: Congress leader Jairam Ramesh said the Finance Minister has taken a leaf out of the INC's Nyay Patra 2024, with its internship programme. Here's how the Opposition reacted

Budget 2024: FM announces 3 schemes under employment-linked incentives

Union Budget 2024: Finance Minister Nirmala Sitharaman announced three employment-linked incentive schemes for employees and employers

Eco Survey updates: FM Nirmala Sitharaman on Monday presented Economic Survey 2023-24 in Lok Sabha

Economic Survey 2024 LIVE news: The Economic Survey stated that short-term inflation outlook benign, but India faces persistent deficit in pulses

Modi slams opposition, says undemocratic attempt to throttle voice of PM

Asserting that Parliament is not for 'dal' but for 'desh', Prime Minister Narendra Modi on Monday hit out at the opposition, saying that some parties have practised "negative politics" and "misused" Parliament to hide their political failures. Speaking with the media ahead of the start of Parliament session, Modi said the Union Budget, which will be presented on Tuesday, will set the direction for the journey of the next five years and lay the foundation for fulfilling the dream of 'Viksit Bharat' in 2047. Modi said people have given their verdict in the Lok Sabha polls and now all political parties must fight together for the country for the next five years. "I want to tell all MPs, they may be of any party, that from January onwards we fought a pitched electoral battle, we conveyed to the people what we wanted to convey, some showed the way while others misled, but that period is over now. The people have given their verdict," he said. "Now it is the responsibility of all elected

Pre-budget Eco Survey highlights urgent need for agricultural reforms

The pre-budget Economic Survey on Monday underscored the pressing need for comprehensive reforms in India's agricultural sector, citing structural issues that could impede the country's overall economic growth trajectory. The Survey, tabled in Parliament by Finance Minister Nirmala Sitharaman, identifies several key challenges facing the agriculture sector, including the need to sustain growth while managing food price inflation, improving price discovery mechanisms, and addressing land fragmentation. "Despite its centrality in India's growth trajectory, the agriculture sector continues to face structural issues that have implications for India's economic growth," the Survey said. According to the document, policymakers must strike a delicate balance between incentivizing farmers to increase production and keeping food prices within acceptable limits. This dual objective requires careful policy interventions, the Survey noted. Other critical issues highlighted in the report, prepar

Short-term inflation outlook benign, normal monsoon expected: Eco Survey

The short-term inflation outlook for India is benign, and the expectation of a normal monsoon and moderating global prices of key imported items give credence to the projections made by the RBI and IMF, the Economic Survey said on Monday. However, to ensure long-term policy stability, the Survey 2023-24 suggested making focused efforts to increase the production of major oilseeds, expanding the area under pulses, and assess the progress in developing modern storage facilities for specific crops. The Economic Survey 2023-24, tabled in Parliament by Finance Minister Nirmala Sitharaman, also suggested linking of price monitoring data for essential food items collected by different departments to help monitor and quantify the build-up of prices at each stage from the farm gate to the final consumer. "The ongoing efforts to construct the producer price index for goods and services may be expedited to have a greater grasp of episodes of cost-push inflation," said the Survey authored by a

Rising obesity a concern, healthier lifestyle must: Economic Survey

Raising concerns over growing obesity and increase of consumption of highly processed foods laden with sugars and fat, the Economic Survey said 54 per cent of the total disease burden in India is due to unhealthy diets. Obesity presents a "concerning situation" and preventive measures must be taken to enable citizens to have a healthier lifestyle, it said. "Obesity is emerging as a serious concern among India's adult population," said the Survey, which was tabled on Monday by Finance Minister Nirmala Sitharaman in Parliament. If India needs to "reap the gains of its demographic dividend, it is critical that its population's health parameters transition towards a balanced and diverse diet", it said. Citing a report from the Indian Council for Medical Research, the Economic Survey observed that the rise in consumption of highly processed foods laden with sugars and fat, coupled with reduced physical activity and limited access to diverse foods, exacerbate micronutrient deficiencies a

Delhi should get Rs 10,000 cr from Rs 2 trillion paid as income tax: Atishi

Ahead of Budget 2024, Delhi Minister Atishi demanded the release of additional funds for Delhi for improving infrastructure across roadways, transportation, and power sectors

Budget 2024: What do women entrepreneurs expect from FM Nirmala Sitharaman?

Union Budget 2024: Experts seek women-centric initiatives that harness their entrepreneurship potential by providing credit opportunities, improve financial literacy and foster skill development

Budget 2024: Capital markets eyeing hike in STT on high-frequency traders

Union Budget 2024: The Securities Transaction Tax (STT) applies to every sale and purchase of equities listed on exchanges. The STT rate for selling options is 0.017%, while for futures, it is 0.01%