Page 51 - Nirmala Sitharaman

Budget 2024: Poor, middle class continue to get tax benefits, says PM Modi

Union Budget 2024: PM Modi made the remarks about the Budget hours after Finance Minister Nirmala Sitharaman made her presentation in the Lok Sabha

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

This is Nirmala Sitharaman's seventh consecutive presentation

Budget 2024: Tax burden on share buybacks shifted to shareholders

Finance Minister proposes to tax income received on buybacks of shares in the hands of recipient

Angel tax abolition significant milestone, will boost startups: IT Minister

The Union Budget announcement of the abolition of the angel tax is a significant milestone that will boost the startup ecosystem in India, IT Minister Ashwini Vaishnaw said on Tuesday. It is a "very good decision" and has been the biggest demand of deep tech startups, Vaishnaw said, adding that the move will spur investment in startups. "Angel tax has been a long-standing issue...deep tech startups had a major issue on how do you do valuation... that point has been addressed with its abolition," he said at a post-budget conference. The minister said India has taken big strides in domestic manufacturing of mobiles, laptops and servers, and the focus now is to encourage component manufacturing. The process of framing rules under the Data Protection Act (DPDP Act) is in the "advanced stage", he said, adding that "we will place rules for public and stakeholder consultation soon".

Budget 2024: Karnataka CM says FM has done injustice to people of state

Terming the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman as "disappointing", Karnataka Chief Minister Siddaramaiah on Tuesday said the State has been totally neglected. "As Nirmala Sitharaman is the Rajya Sabha member from Karnataka, we had expected her to do justice for the state and hoped that she would protect the interest of the state, but she has disappointed and done injustice to the people of Karnataka," he said. "In this budget Nirmala Sitharaman has given Karnataka 'Chombu' (a small, round water container). Karnataka has got nothing. Andhra Pradesh and Bihar got special grants, no other states have got grants. Because for Nandra Modi Modi to continue as Prime Minister Andhra Pradesh and Bihar's support is required," Siddaramaiah said. Speaking to reporters here, he said no impetus has been given to Karnataka in this budget including in sectors like industries and railways, despite five central ministers being from the state. "The budget is totall

Union Budget 2024: What does it offer the middle class?

The Union Finance Minister presented the Union Budget 2024-25 on July 23. Among a slew of announcements made, let's take a look at what the Budget has in store for the middle class >

Watch: Reactions of political leaders on Union Budget 2024

Watch the reactions of leaders of various political parties on the Union Budget 2024.

Union Budget 2024: Angel Tax abolished

Finance Minister Nirmala Sitharaman on Tuesday announced abolishing angel tax for all classes of investors in startups.

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