Page 58 - Union Budget

What will be the stance of Interim Budget 2024?

The upcoming interim budget will be tabled in Parliament on February 1. Finance Minister Nirmala Sitharaman has ruled out any “spectacular announcements”. What stance will the interim budget adopt? >

Steel industry hopes Budget will focus on infra, fair trade measures

Companies want support for capacity addition and anti-dumping measures against substandard imports

Will govt compromise on capex for fiscal consolidation ahead of polls?

National Democratic Alliance governments have not compromised on capex for fiscal consolidation so far, at least in their concluding years

Focus on infra, agri, education, sports in budget for 2024-25: Soren

Jharkhand Chief Minister Hemant Soren on Monday held a meeting with officials to review preparations for the state budget for the 2024-25 fiscal. He directed the officials to focus on infrastructure, education, sports, industry, health, agriculture, electricity, water supply, road, housing and social security in the upcoming state budget. Taking stock of the preparations for the budget for the next fiscal at the state secretariat, the CM said that special focus should be given to villages, agriculture, farmers and youths in the budget. Strengthening the rural economy is the priority of the state government, he said. he CM added that a better budget should be prepared keeping in mind the priorities and aspirations of all the people. Welfare of the poor is the aim of our government. The benefits of state government schemes should reach the last person, he said. State finance minister Rameshwar Oraon, chief secretary L Khiyangte and other senior officials were also present in the ..

India Inc seeks tax reforms, R&D incentives in upcoming interim Budget: EY

EY said that no major tax amendments or reforms are expected in the upcoming Budget as evidenced from the previous Interim Budgets of 2009, 2014 and 2019

Budget 2024: Rebate under new income tax regime may be hiked to Rs 7.5 lakh

Last week, the PFRDA chairman had said that the body has recommended employer contributions to the National Pension Scheme up to 12 per cent to be exempted from the income tax

TMS Ep602: IT talent, Interim Budget 2024, Q3 results, truckers' strike

Does India IT have a talent management problem? What will be the stance of Interim Budget 2024? What should we expect from Q3 results? Which law changes led to the truckers' strike? Answers here

Rural startups seek better supply chain, infra, easier access to funds

Rural startups are making a strong pitch for new programmes to foster research and innovation, as the grassroots-level entrepreneurs seek support for streamlined supply chains, subsidies, improved infrastructure, and easy access to finance. As the Budget and the Lok Sabha elections draw closer, startups working in various sectors, especially in smaller towns and villages, said they expect the government to look at various teething issues, even as their "overall performance has improved owing to various policy changes in the past couple of years". "India's food processing industry faces a number of difficulties such as outdated equipment, ineffective supply chains, poor infrastructure, and restricted finance availability. We expect the government to help us connect with global supply chains so that we can export our products to international markets," Pardeep Kumar Yadav, Founder of Krini Spices, told PTI. Krini Spices, which was founded in March 2017, has 22 direct and over 100 ...

Budget 2024: Bank privatisation plan unlikely before elections, says report

Nirmala Sitharaman, while presenting Budget 2021-22, had announced the privatisation of public sector banks as part of the disinvestment drive to garner Rs 1.75 trillion

Govt may lower disinvestment goal by 20% after missing FY24 target: Report

The government had set a disinvestment target to raise Rs 51,000 crore for the current financial year. However, only about 20 per cent of this target has been met so far

Union Budget 2024: A breakdown of how India earns and where it spends

The Union Budget draws its major share from borrowings and liabilities, constituting the largest chunk of 34 per cent

Union Budget 2024: 10 terms to boost the know-how of key financial exercise

The Union Budget, laid out on February 1 annually, is the financial roadmap that shapes the country's economy. Here are 10 key Budget terms for better insights into the key financial exercise

Real estate players seek a host of benefits from the upcoming Budget

In 2023, the Indian real estate sector - both housing and commercial - witnessed a strong momentum fueled by demand, supply, and absorption

Union Budget 2024: Why India's' budget presentation was moved to February 1

India's Union Budget is presented on February 1 annually. This tradition began in the year 2017, until which the budget presentation took place on the last day of February every year

Fiscal deficit contained at 50.7% of FY24 budget estimate in Apr-Nov

The Government, CGA data indicates, is moving towards fiscal consolidation, with improved tax collections compared to the April-October period and compressed capital expenditure

Budget 2024: What is Budget Presentation?

Finance Minister Nirmala Sitharaman is set to present the interim Budget 2024 on Feb 1. Watch the video to know what Budget Presentation is all about. >

Gender budgeting in India: What does it mean and how it impacts policy

India adopted its first gender budget in 2005-06, marking a significant step towards addressing gender disparities in resource allocation

Budget 2024: How India's Railway Budget has changed over the years

John Mathai, an economist, was independent India's first railway minister and presented the first independent Railway Budget in 1947

Budgetary allocation to road ministry jumps to Rs 2.7 trillion in 2023-24

The average annual budgetary allocation of the Ministry of Road Transport & Highways has increased by 940% from Rs 25,872 crore per year during 2009-14 to Rs 2.7 trillion during 2023-24

At Rs 10.6 trillion, net direct tax collection rises 23.4% in Apr-Nov

Net direct tax collection in the eight months of the current fiscal touched 58.34 per cent of Budget Estimates (BE) at Rs 10.64 lakh crore. The net tax collection for April-November stood at Rs 10.64 lakh crore, which is 23.4 per cent higher than the corresponding period of last year, the Ministry of Finance said. Gross collections, before issuing refunds, grew 17.7 per cent to Rs 12.67 lakh crore in the April-November period. Refunds amounting to Rs 2.03 lakh crore issued from April to November of the current fiscal. Special initiative was taken for cases where refunds had failed initially and subsequently issued to validated bank accounts, the ministry said. In the current fiscal, Rs 18.23 lakh crore is expected to be collected in direct taxes (personal income tax and corporate tax), and Rs 15.38 lakh crore from indirect taxes (GST, customs, excise). Earlier this week, a senior finance ministry official said that the government is likely to stick to the budgeted estimate of a t