Tinkering with rates proposed in the Budget does not change the protectionist stance and there is a need for rethink on the issue
Nine priorities expedite journey towards goal of 'Viksit Bharat', said finance minister
Union Budget 2024: PM Modi made the remarks about the Budget hours after Finance Minister Nirmala Sitharaman made her presentation in the Lok Sabha
New Delhi also forecast a narrower fiscal deficit of 4.9 per cent of gross domestic product, versus 5.1 per cent in the interim spending plan
Union Budget 2024: Nirmala Sitharaman on Tuesday announced that the standard deduction limit under the new tax regime has been revised to Rs 75,000 from the existing Rs 50,000
Union Budget 2024: The announcement made by Nirmala Sitharaman was a part of the package aimed at boosting employment and enhancing India's skilling capacity
Union Budget 2024: Sitharaman said that for the pursuit of 'Viksit Bharat', the Centre has narrowed nine key priorities related to employment, energy security, and infrastructure, among other things
Union Budget 2024: FM Sitharaman and her team met with President Droupadi Murmu at the Rashtrapati Bhavan in New Delhi before heading for the Parliament to present the Budget
Budget 2024-25: From 'Bahi-Khata' to going paperless, Finance Minister Nirmala Sitharaman cements new traditions for the budget presentation in India
Budget 2024: Sitharaman in her inaugural Budget presentation in 2019, had introduced the 'Bahi Khata' to carry the Budget documents, replacing the traditional leather briefcase
Union Budget 2024-25 will be the seventh consecutive budget presentation by Sitharaman, a record streak by any finance minister of India, marking a key historical milestone.
Finance Minister Nirmala Sitharaman will on Tuesday present her 7th straight Budget that would lay a roadmap for Viksit Bharat (developed India) by 2047, while giving a glimpse of 10 years' performance. All eyes will be on whether Sitharaman provides the much-expected tax relief for the middle class, leaving more money in their hands, as there is tax buoyancy. Besides, the market also expects staying on the fiscal glide path to lower the fiscal deficit to 4.5 per cent of GDP by 2025-26. Sitharaman, who would be presenting her seventh straight budget, had in her first Budget in 2019 replaced the leather briefcase -- which had been in use for decades for carrying Budget documents -- with a traditional 'bahi-khata' wrapped in red cloth. This year's Budget would be in paperless form, as done in the last three years. Here are the key numbers to watch out for the first full Budget of Modi 3.0: * Fiscal Deficit: The budgeted fiscal deficit, which is the difference between the government .
Government is expected to reduce its deficit target slightly from the 5.1 per cent of gross domestic product projected before the elections
Accusing the Modi government of "poor policy-making" in dealing with air pollution, the Congress on Sunday demanded that the forthcoming Union Budget must provide a path forward to resourcing and equipping India's local bodies, state governments, and the Centre in tackling this "grave public health crisis". Congress general secretary in-charge communications Jairam Ramesh said earlier this month, a study revealed that 7.2 per cent of all deaths in India are associated with air pollution -- about 34,000 deaths each year in just 10 cities. A new study by the Centre for Science and Environment in Delhi has evaluated the National Clean Air Program (NCAP) and brought to light the policy chaos that has resulted in this public health crisis, he said in a statement. "The current budget of the NCAP, including the 15th Finance Commission's grants, is about Rs 10,500 crore -- spread across 131 cities! The programme is therefore desperately underfunded -- and yet, and of this meagre amount, onl
Union minister and LJP (Ram Vilas) chief Chirag Paswan has pitched for a nationwide caste census but warned against making the figures public as it will lead to "division" in society, and said no discussion within the ruling NDA has taken place so far over simultaneous polls and the Uniform Civil Code, both part of the BJP's manifesto. In an interaction with PTI editors, he flagged concerns about the UCC and said he cannot take a position unless a draft on it is placed before him. He, however, asserted that his Lok Janshakti Party (Ram Vilas) strongly supports the concept of simultaneous polls. Asked about his views on the Uniform Civil Code (UCC) and if he supports it, Paswan said, "We don't have a draft for it yet. Until unless we go through that draft, because there are a lot of concerns... India is a country of diversities." Be it language, culture or lifestyle, everything is different in different regions of the country, he said, wondering "how can you bring everyone under one
IDBI Bank's market capitalisation is around Rs 95,000 crore. The government could secure close to Rs 29,000 crore for the sale of 30.5% of its 45.5% stake
For now, it seems that Modi will likely be able to manage those demands without blowing out the budget deficit.
A modest expenditure plan could give an extra fillip to India's bond market, where benchmark yields are edging toward a 2-year low
Budget 2024 highlights: FM Nirmala Sitharaman is all set to present the Union Budget 2024-25 in the Lok Sabha on July 23
Shiv Sena (UBT) leader Priyanka Chaturvedi on Wednesday took potshots at the rival Shiv Sena over its minister not finding a place in the reconstituted NITI Aayog. "No place for Shinde Sena in the reconstituted NITI Ayog. When 'Niti' is only immoral power grab, can understand the exclusion," Rajya Sabha member Chaturvedi said in a post on X. The Narendra Modi-led NDA government on Tuesday reconstituted the NITI Aayog, with four full-time members and 15 union ministers, including from BJP allies, as either ex-officio members or special invitees. Union Minister of State for AYUSH (Independent Charge) Prataprao Jadhav, who is also MoS in the Health Ministry, did not find a place in the reconstituted committee. Jadhav belongs to the Shiv Sena led by Maharashtra Chief Minister Eknath Shinde, an ally of the BJP. The Sena (UBT) has often dubbed the Shiv Sena as the party of those who have usurped power by "betraying" Uddhav Thackeray. The National Institution for Transforming India, be