Page 44 - Union Budget

Budget 2024: Govt plans employment-linked incentive scheme for job creation

Budget 2024: The proposed ELI scheme may offer tax relief and wage subsidies to companies for creating employment opportunities amid rising concerns over 'jobless growth'

Budget 2024: Govt likely to announce steps to enhance pulse production

Union Budget 2024: Finance Minister Nirmala Sitharaman will present the Budget in the Lok Sabha on July 23

Budget 2024: Lower GST demand listed by Delhi Market Association officials

Union Budget 2024: The Delhi Market Association has urged the government to consider measures to lower the Goods and Services Tax (GST) rates on essential items and on shop rentals

See a possibility of Nifty hitting 28K this year: YES Securities India ED

Ambani says that given the government's robust revenue position, there won't be any disruptive tax measures in the upcoming Budget

Double standard deduction: KPMG outlines key tax reforms for Budget 2024

Doubling standard deduction to Rs 1 lakh, increasing tax break on interest paid on housing loan and rationalisation of capital gains tax regime are some of the expectations that consultancy firm KPMG has from the Budget 2024-25 to be unveiled on July 23 in Parliament. There has been a significant rise in medical expenses, fuel costs and overall inflation. Keeping in mind the increase in personal expenditure it is popularly expected to enhance the standard deduction to Rs 1 lakh from the existing limit of Rs 50,000, KPMG said in a note. With the objective to have more net disposable income which can either be spent on consumer goods or channelised as savings, it is a popular expectation that the basic tax exemption limit under the default new tax regime be increased to Rs 5 lakh from Rs 3 lakh, it said. With regard to housing loans, it said there is mounting pressure on the real estate sector with recent hikes in interest rates and regulatory reforms. To alleviate these challenges a

Govt targets higher capex in upcoming Budget amid fiscal gains and optimism

The Union Budget is set to project higher capex, surpassing the Rs 11.1 trillion outlined in the Interim Budget, reflecting India's improved fiscal discipline and global investment prospects

Highlights of the day: Repair work on Munak Canal likely to complete by Friday night, says Atishi

From Amit Shah's announcement of Samvidhaan Hatya Diwas to Supreme Court hearing Arvind Kejriwal's plea; stay with us for all the news updates from across the globe

Crypto industry body requests reduction in TDS to 0.01% in Budget

The crypto body has further asked for an increase in the threshold limit for TDS deduction under Section 194S of the Income Tax Act from Rs 10,000 to Rs 5,00,000

Union Budget 2024-25 likely to relax compliance with Customs rules

Budget may introduce electronic bank guarantee to curb tax leakage

Economic vision, political theme key aspects to watch in Budget: Nomura

The new government's economic vision and management of the "political theme" will be among the key aspects to watch in the upcoming Union budget, a Japanese brokerage said on Thursday. The brokerage said the second half of the year will see "muted returns" on the equities front, and reiterated its year-end target of 24,860 points on Nifty, which is only about 3 per cent higher than the current levels. The fiscal glide path beyond FY26, when the government has committed to reduce the fiscal deficit to 4.6 per cent, will also be a key theme to look at, Nomura's India Economist Aurodeep Nandi told reporters. Reminding of the 100-day programmes of the new government prepared by various ministries ahead of the elections, Nandi said getting some idea of the economic vision of the new government will be a key area to watch. After the election setback, the "political theme" of the budget by the new government dependent on coalition partners will also be keenly watched, he said. Specifical

PM Modi, FM Sitharaman meet top economists ahead of Union Budget 2024

Social sector push, rural economic development discussed at key meet

Budget watch: Real estate sector wants industry status, tax relief

The sector also expects the Centre to provide measures, including tax breaks, to boost the demand for affordable housing, generally priced below Rs 50 lakh

Budget 2024: What does the education sector expect from Nirmala Sitharaman?

Union Budget 2024: Finance Minister Nirmala Sitharaman will present the Budget in the Lok Sabha on July 23

Budget 2024: Kharge attacks PM Modi on 5 economic issues on inflation, jobs

Budget 2024: In a post on social media platform 'X', Kharge pointed out economic problems related to inflation, and problems faced by youth and farmers

Hopes in the balance: How much can the Budget do for the rural sector?

The government will have to tweak the demand for Mahatma Gandhi National Rural Employment Guarantee Act and may retain the demand for PM Kisan to not allow fiscal slippage

Ballots to Budget: Taxpectations from Union Budget 2024

Economists predict a potential populist shift through a surge in welfare initiatives, write Sandeep Puri and Jitendra Jain

What does the jewellery sector expect from FM Sitharaman?

Union Budget 2024: Finance Minister Nirmala Sitharaman will present the Budget in the Lok Sabha on July 23

Budget 2024: PM Modi, FM Sitharaman hold talks with Niti Aayog, economists

Budget 2024: Niti Aayog Vice-Chairperson Suman Bery and other members of the government think tank also attended the talks

Global tax deal: Impact analysis done, govt may talk on Pillar 2 in Budget

Experts suggest India is still iffy on Pillar 1 and the equalisation levy may be extended beyond June 30

Budget Watch: Ayushman Bharat, vaccination programme top agenda for health

In Union Budget for FY25, experts anticipate expanded coverage and increased funding for major health initiatives in the upcoming budget