Page 43 - Nirmala Sitharaman

India's economic growth continues to be shining exception: FM Sitharaman

Finance Minister Nirmala Sitharaman said, "India's economic growth continues to be the shining exception and will remain so in years ahead. India's inflation continues to be low and stable moving towa

Budget 2024: Bihar temples to be transformed into world-class destinations

Union Finance Minister Nirmala Sitharaman on Tuesday announced that comprehensive development of Vishnupad Temple corridor at Gaya and Mahabodhi Temple at Bodh Gaya in Bihar will be supported by the government to transform them into world-class pilgrim and tourist destinations. These corridors will be modelled on the successful Kashi Vishwanath Temple Corridor, she said. Vishnupad Temple is one of the most ancient Hindu shrines located next to the Falgu river, while the Mahabodhi Temple is a UNESCO World Heritage Site. "Tourism has always been a part of our civilisation. Our efforts in positioning India as a global tourist destination will also create jobs, stimulate investments and unlock economic opportunities for other sectors," Sitharaman said in her Union Budget 2024-25 speech. In addition to the measures outlined in the Interim Budget, she proposed some measures related to the tourism sector. "Vishnupad Temple at Gaya and Mahabodhi Temple at Bodh Gaya in Bihar are of immense

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

Budget 2024: What does indexation mean? How does it work in real estate?

Indexation benefits will continue to apply to properties purchased before April 1, 2001, but not to those purchased after that date

Union Budget 2024: Rs 13,539 cr allocated to social justice department

The Department of Social Justice and Empowerment has been allocated Rs 13,539 crore in the 2024-2025 budget, an increase of 37 per cent from the 2023-2024 revised estimates of Rs 9,853.32 crore. This increase is primarily focused on enhancing welfare programmes for marginalised communities and improving infrastructure for social services. The key areas of funding include Rs 9,549.98 crore for the 'Umbrella Scheme for Development of Scheduled Castes', a significant increase from the Rs 6,780 crore in the previous financial year. For achieving social justice comprehensively, the saturation approach of covering all eligible people through various programmes, including those for education and health, will be adopted, Finance Minister Nirmala Sitharaman said on Tuesday while presenting the 2024-25 Union Budget in Parliament. She said to ensure inclusive human resource development, a social justice saturation approach will be adopted. Social justice through the saturation approach refer

Chidambaram, Tharoor laud angel tax end, call Budget 2024 'underwhelming'

Union budget 2024-25: Former Finance Minister P Chidambaram and Congress leader Shashi Tharoor find Budget 2024 presentation full of missed opportunities, compared it Congress manifesto

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

Union Budget 2024: Disability affairs department allocated Rs 1,225 cr

The Department of Empowerment of Persons with Disabilities has been allocated a total of Rs 1,225.27 crore in the fiscal year 2024-2025, a marginal increase of 0.02 per cent from the previous year's revised estimate of Rs 1,225.01 crore. The budget emphasises the continuation and expansion of key programmes aimed at improving the lives of persons with disabilities through various schemes and projects. A significant portion of the budget is dedicated to the National Program for the Welfare of Persons with Disabilities, with Rs 615.33 crore allocated for this fiscal year, up from Rs 502 crore in the revised budget for 2023-24. The Department of Empowerment of Persons with Disabilities (DEPwD) has been allocated a total of Rs 1,225.27 crore in the fiscal year 2024-25, a marginal increase of 0.02 per cent from the previous year's revised estimate of Rs 1,225.01 crore. This programme includes Rs 315 crore for Assistance to Disabled Persons for Purchase/Fitting of Aids and Appliances, an

Union Budget 2024: Budget allocation for Ladakh rises by 32% to Rs 5,958

The Centre has allocated Rs 5,958 crore for the Union Territory of Ladakh in the Union Budget 2024-25 announced on Tuesday, a massive 32 per cent rise from last year's allotment of Rs 4,500 crore. The Ladakh UT, which was carved out of Jammu and Kashmir after the abrogation of Article 370 in 2019, has received Rs 2,035.49 crore for establishment expenditure of the Centre to meet its secretariat-related expenses and establishment of other departments and offices. The Budget, announced by by Finance Minister Nirmala Sitharaman, has allocated to Ladakh Rs 3,922.51 crore for other Central sector expenditure, including agriculture and allied schemes, water supply and sanitation, rural development, power, forestry and wildlife, medical and public health, and education among other departments.

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

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

Budget 2024: How FM Sitharaman's tax changes will impact your finances

Finance Minister Nirmala Sitharaman's Budget 2024 brings a mix of tax reliefs and hikes with key changes including income tax slab restructuring and revised capital gains tax rates

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: Sitharaman's Budget cuts subsidy bill by 7.8% to Rs 3.81 trn

In a move that signals fiscal prudence, the government reduced its subsidy outlay for food, fertiliser, and fuel by 7.8 per cent in the full Budget for 2024-25, presented by Finance Minister Nirmala Sitharaman in the Lok Sabha on Tuesday. The total subsidy allocation stands at Rs 3,81,175 crore for the current fiscal, down from the previous year's figure of Rs 4,13,466 crore. This reduction aligns with the estimates projected in February's interim budget. Breaking down the allocations, the food subsidy has been set at Rs 2,05,250 crore, a decrease from the revised estimates of Rs 2,12,332 crore for the fiscal ending March 31, 2024. This subsidy covers the difference between the economic cost of foodgrains procured by the government and their sales realisation under the National Food Security Act (NFSA) and other welfare schemes, benefiting approximately 80 crore individuals. The fertiliser subsidy has seen a more significant cut, with Rs 1,64,000 crore earmarked for 2024-25 against

Census, NPR unlikely in 2024 too as only Rs 1,309.46 cr allocated in Budget

The Budget 2024-24 on Tuesday allocated Rs 1,309.46 crore for census, a significant reduction from 2021-22 when Rs 3,768 crore was allocated for the decadal exercise, an indication that it may not be carried out even after a significant delay. A meeting of the Union cabinet on December 24, 2019 had approved the proposal for conducting census of India 2021 at a cost of Rs 8,754.23 crore and updating the National Population Register (NPR) at a cost of Rs 3,941.35 crore. The house listing phase of the census and the exercise to update the NPR were scheduled to be carried out across the country from April 1 to September 30, 2020 but were postponed due to the COVID-19 outbreak. The census operation continues to be on hold and the government has not yet announced the new schedule. Officials said since general elections had taken place this year, the census exercise will not be able to be carried out in 2024. According to the Budget 2024-25, Rs 1,309.46 crore has been allocated for censu

Budget 2024 Stock Market Highlights, July 23: Sensex, Nifty end flat; LTCG, STCG rule hits sentiment

Budget 2024 Stock Market Highlights: Post the initial jitters after the LTCG and STCG tax rejig announcement, the benchmark Sensex recovered as much as 1200-odd points from its day's lows of 79,224

Don't need angel tax to stop money laundering: FM Sitharaman on Budget 2024

Union Budget 2024-25: Union Finance Minister Nirmala Sitharaman clarifies tax on long-term capital gains, angel tax, and government effort to widen the tax net

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

Budget 2024: Modi 3.0 govt simplifies taxes, fosters foreign investments

India Budget 2024 tax rules: In order to achieve the vision of simplifying taxes, FM Nirmala Sitharaman announced a comprehensive review of the Income Tax Act, 1961

Budget 2024 reactions: BJP, ally Nitish Kumar and Opposition, who said what

Union Budget 2024: The Congress was quick to point out that the parts of Sitharaman's Budget were inspired from its Lok Sabha elections 2024 manifesto

Budget 2024: How stock market experts decode Nirmala Sitharaman's speech

Following the Finance Minister's speech, experts have shared their outlook and key takeaways from the Budget 2024 announcements