Page 39 - Union Budget

Union Budget 2024 | Understanding the fine print

Finance Minister Nirmala Sitharaman presented the Union Budget in Parliament today. The Finance Minister announced key measures for various sectors. Here in this video we present you the detailed anal

Budget allocation to Delhi stagnates at Rs 1,168 cr; Atishi slams Centre

The allocation for the Government of National Capital Territory of Delhi (GNCTD) in the Union budget 2024-25, presented in the Lok Sabha on Tuesday, remained stagnant at Rs 1,168 crore, the same amount allotted in 2023-24. The AAP government's Finance minister Atishi lashed at the BJP saying no money was given to Delhi neither as share in central taxes, nor as financial assistance to the Municipal Corporation of Delhi (MCD) despite the city paying Rs 2.32 lakh crore to the central pool. The transfer to Delhi from the Union home ministry included Rs 1,168 crore under the revenue head and Rs 0.01 crore under the capital head, showed the budget document tabled in the Lok Sabha. In the 2022-23 budget, Delhi was allocated Rs 960 crore. The amount was increased to Rs 1,168.01 crore in 2023-24 and it remains the same for 2024-25. There were no grants in lieu of its share in central taxes and duties for Delhi. It was Rs 325 crore in the 2022-23 budget. The amount of grants in return of ..

CII T'gana, FTCCI welcome Budget, term it growth oriented, progressive

The CII Telangana on Tuesday termed the Union Budget as growth-oriented and one which gives a big boost for MSMEs, jobs creation and skill development areas. The Federation of Telangana Chambers of Commerce and Industry (FTCCI) welcomed the Union Budget presented by Nirmala Sitharaman and said it is progressive, pro-development budget that attempted to lay a strong foundation for 'Viksit Bharat'. CII Telangana Chairman and Executive Director, Bharat Biotech International Ltd Sai D Prasad said the focus on MSMEs is extensive and the Budget for 2024-25 provides a detailed strategy for each segment of society, aiming to ensure that every Indian shares in the growth ambitions of our country, according to a release by CII Telangana. The nine key priorities outlined in the Budget for a 'Viksit Bharat' offer a holistic framework for an inclusive, resilient, prosperous, environmentally sustainable, and technologically advanced nation, he said. This ambitious plan represents a significant s

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.

Budget proposes to simplify norms pertaining to FDI, overseas investments

FM says 'not disowning' Economic Survey's suggestion that India should attract more FDI from China

Union Budget 24: What's cheaper and what's costlier? Check full list

In the Union Budget for FY25, Finance Minister Nirmala Sitharaman announced several changes impacting the prices of various items. Read on to find out what they are

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

Zerodha to collect Rs 2,500 cr from STT hike in Budget 2024: Nithin Kamath

STT on derivatives hike in Budget 2024: While unveiling the Budget 2024 proposals, the first budget in the Modi 3.0 regime, FM Nirmala Sitharaman announced a slew of changes relating to stock markets

Full budget speech of Nirmala Sitharaman | Union Budget 2024

Watch the full Union Budget speech by Finance Minister Nirmala Sitharaman.

Union Budget 2024, No re-test for NEET UG 2024

Today, the Finance Minister Nirmala Sitharaman made history by presenting her 7th consecutive Budget. Key announcements include changes in the tax slabs under new Tax regime, hike in

Budget to plug skill gap, boost employment creation: HR, ed-tech industry

HR and Ed-tech industry experts on Tuesday said budget proposals on skilling, internship and job creation will help address the need for a skilled workforce and boost employment generation for youth. Experts termed the Budget for 2024-25 presented by Finance Minister Nirmala Sitharaman as forward-thinking which aligns with the vision of a 'Viksit Bharat'. Direct Benefit Transfer (DBT) of up to Rs 15,000 is set to boost formal employment by making it more attractive for industries to hire new talent, they added. Sitharaman in the budget announced an outlay of Rs 2 lakh crore for several schemes targeting 4.1 crore youth. The minister announced a provision of Rs 1.48 lakh crore for education, employment and skilling programmes. TeamLease Degree Apprenticeship Chief Strategy Officer Sumit Kumar said with targeted outreach to 4.1 crore youth over five years, the initiative is poised to make a significant impact by seamlessly integrating education, skill development and employment. "Up

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

TMC leaders slam Budget as one for NDA, not India, says nothing for WB

Trinamool Congress (TMC) leaders on Tuesday said the budget presented by Finance Minister Nirmala Sitharaman in the Lok Sabha has nothing for West Bengal and called it a budget for the ruling NDA and not for India. "This is a 'kursi bachao budget' (budget to save the chair)," TMC MP Kalyan Banerjee said. "This budget is aimed at saving (Prime Minister) Narendra Modi's position. It is a budget for the NDA, not for India," he said. "Last time they gave so many projects to Odisha. Now they (BJP) have won (the Assembly polls in the state), so there is nothing for Odisha. There is also nothing for Bengal," Banerjee said. TMC's Rajya Sabha MP Saket Gokhale alleged that there is an "open and shameless" discrimination against West Bengal in the budget. "Open and shameless discrimination yet again in this Union Budget. Union Govt excludes only Bengal from flood relief and reconstruction funds," he said in a post on X. "Giving funds to other states while intentionally ignoring and singling

What's behind the Centre's big love for Ladakh in Union Budget 2024?

The government's increased budget allocations for Ladakh and additional allocations for various central expenditures have focused on the overall development of the region over the years

Union Budget 2024-25: Absence of incentives disappoints hospitality sector

India has witnessed a remarkable development in the tourism and hospitality sectors in the post-COVID-19 era. According to the Economic Survey 2023-24

Budget 2024: Steep STT increase to tame retail frenzy in derivatives market

Some market participants have also suggested that income from F&O trading should be classified as speculative income and taxed at a higher rate

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

Cut in gold import duty will curb smuggling, boost jewellery exports: Goyal

The announcement in the Budget to cut import duty on gold will help boost domestic manufacturing and promote jewellery exports, Commerce and Industry Minister Piyush Goyal said on Tuesday. He also said that the decision for the removal of angel tax will further strengthen the startup ecosystem in the country. "The gold import duty cut to 6 per cent will promote the manufacturing of gold and silver jewellery. It will also contain smuggling," Goyal told PTI. He added that the gold prices are high and the marriage season is coming and this move would help the people. Presenting the Union Budget 2024-25 on Tuesday, Finance Minister Nirmala Sitharaman said that to enhance domestic value addition in gold and precious metal jewellery in the country, the government has proposed to reduce customs duties on gold and silver to 6 per cent and that on platinum to 6.4 per cent. Giving a big relief to startups, the government on Tuesday announced the removal of angel tax for all classes of inves