Page 50 - Nirmala Sitharaman

Opposition MPs stage walkout to protest Union Budget 2024 in Parliament

Finance Minister Nirmala Sitharaman responds by saying it was not feasible to mention every state in the Budget

Union Budget 2024: How did the opposition react to the Budget

The ruling BJP leaders heaped praises on Finance Minister Nirmala Sitharaman after she presented the “futuristic” Union Budget 2024-25 in the Parliament.

LTCG tax changes to benefit most real estate investors: Revenue secy

Revenue Secretary Sanjay Malhotra on Wednesday said the changes in Long-Term Capital Gain Tax (LTCG) announced in the Budget by Finance Minister Nirmala Sitharaman will benefit most of the people investing in the real estate sector. The Budget has lowered the LTCG from 20 per cent to 12.5 per cent but removed the indexation benefits. The indexation benefit allowed taxpayers to compute gains arising out of the sale of capital assets after adjusting inflation. The proposal has raised apprehensions that a person selling his property will have to pay a higher capital gain tax. "This is mostly a simplification exercise. Some people have expressed apprehension on the removal of indexation. I want to allay their concerns that while indexation has been removed at the same time the tax rates have been substantially reduced from 20 pc to 12.5 pc. This will benefit most of the people investing in real estate in the long term as the rate of return is more than 10-11 per cent," Malhotra told PT

Budget 2024: What is the 'Purvodaya' scheme announced by FM Sitharaman?

Finance Minister Nirmala Sitharaman during her Budget 20204 speech unveiled 'Purvodaya' plan, focusing on human resource development, infrastructure, and economic opportunities in the eastern region

Budget pinches homebuyers, earns praise of real estate developers

The Union Budget 2024-25 has left homebuyers disappointed, as it did not address concerns like high interest rates on home loans and the annual increase in stamp duty charges, while real estate developers lauded the Budget. Apartment Owners Associations in Noida and Greater Noida in the national capital region believe revoking indexation benefits in property deals will be a big setback for homebuyers. "This budget has left homebuyers disappointed, with no specific provisions or reliefs offered for them. Despite the high interest rates on home loans and the annual increase in stamp duty charges, the budget did not address these concerns," said Abhishek Kumar, president of Noida Extension Flat Owners Welfare Association (NEFOWA). Noida along with Greater Noida adjoining Delhi in the national capital region has thousands of distressed homebuyers and stuck housing projects. Rajiva Singh, president of Noida Federation of Apartment Owners Association (NOFAA) believed the budget revoking

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 2024: Freshers to get one month's free salary. Check eligibility

Budget 2024: As part of the Centre's employment-linked incentive scheme, first-time employees in the formal sector will be offered one month's salary as subsidy up to Rs 15,000

Budget 2024: FinMin announces Critical Mineral Mission; what we know so far

Union Budget 2024: Finance Minister Nirmala Sitharaman announced the government will soon conduct the first round of offshore mineral auction round under the Critical Mineral Mission

Union Budget 2024-25: Propelling India's evolution into 'Viksit Bharat'

With the objective of ease of doing business and in line with recent Goods and Services Tax (GST) council recommendations, various proposals have been introduced under GST

Union Budget 2024: Beginning of remarkable direct tax reforms by Modi 3.0

Income tax changes in Budget 2024: On the personal income-tax front, the tax slab rates have been rationalised only under the new tax regime

Fiscal consolidation: Yes. Banking reforms: Wait

Next-generation reforms are at the bottom of the list of nine priorities of this Budget

FM Nirmala Sitharaman's Budget 2024 lays ground for further reforms

The abolition of Angel Tax for all classes of investors provides a fillip to the innovation ecosystem and entrepreneurs

Budget 2024: Will make up for revenue forgone, says FM Nirmala Sitharaman

Gradually, we are moving towards a simplified taxation regime, while bringing down the incidence of tax itself. Therefore, we are taking this review, says FM

End of angel tax to new I-T slabs: Budget 2024 is political but prudent

This Budget will further energise the aspirations of our neo-middle class. Unprecedented opportunities will be unleashed for our younger generation, says PM Modi

'FM Nirmala Sitharaman's Budget aims to create abundant opportunities'

The 2024 budget highlights ongoing efforts in nine strategic areas aimed at generating abundant opportunities for everyone

Key highlights of Budget 2024: Major focus on jobs, infra, new tax regime, incentives for allies

Nine priorities expedite journey towards goal of 'Viksit Bharat', said finance minister

Budget 2024: FM exhorts states to take up next-gen reforms agenda

The final report of the 15th Finance Commission had recommended transfer of 41 per cent of central taxes to the states after two Union Territories were carved out of Jammu and Kashmir

Budget 2024: What did FM Nirmala Sitharaman say about the middle class

Union Budget 2024-25: Emphasis on employment, skilling, and MSMEs, but no tax relief for the middle class

Budget 2024: FM hikes taxes on equity trading; STCG, LTCG, STT raised

To mitigate the blow from the increased taxes, the amount exempted from the LTCG on listed securities has been increased to Rs 125,000 a year from the earlier limit of Rs 100,000