Page 5 - Union Budgets

Union Budget 2024-25: Here are the key challenges in health care sector

Public healthcare expenditure is estimated at 2.1% of GDP as of FY23, which is lower than that of many developing nations

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

Budget Watch: Govt may announce new 5G initiatives, focus on R&D for 6G

The government is looking to expand funds for research in rural 5G use cases

Budget 2024: Centre may hike Provident Fund limit to Rs 25k after a decade

Budget 2024: For the Provident Fund, the current limit of Rs 15,000 came into effect after the wage ceiling for coverage was revised almost a decade ago in September 2014

Economic vision and not stimulus in Modi 3.0 Budget: Goldman Sachs

The government, Goldman Sachs believes, is likely to stick to the announced fiscal deficit target of 5.1 per cent of gross domestic product (GDP) for FY25

Budget 2024 must focus on tax relief to stimulate consumption: India Inc

The Union Budget FY25 should focus on offering relief to taxpayers, especially in the lower income brackets, to stimulate consumption, industry players suggested. Finance Minister Nirmala Sitharaman is scheduled to present the full Budget for fiscal 2024-25 on July 23 which will be the first major policy document of the new government. The industry also urged the finance minister to lower corporate tax, phase out tax exemptions, and broaden tax base to boost economic growth. "Rationalise and simplify the tax system to improve compliance and promote investment. Consider measures such as reducing corporate tax rates, phasing out tax exemptions, and broadening the tax base to make the tax regime more efficient and equitable," Assocham said. Rating agency ICRA said the government is likely to set a fiscal deficit target at 4.9-5 per cent for FY25, as against 5.1 per cent estimated in the Interim Budget on February 1, without compromising the capital expenditure target of Rs 11.1 lakh .

Union Budget 2024-25: Here're key challenges in electronics & semiconductor

Increasing domestic value addition and balancing jobs by improving organic competitiveness

Sensex sees third fastest 5,000-point gain in history to reach 80,000 mark

The fastest 5,000-point rally for the Sensex was nearly three years ago (September 24, 2021) when the index hit an intraday high of 60,333 in a span of just 28 trading days

PM Narendra Modi likely to finalise 100-day agenda after Union Budget

A second senior official said a lot of the 100 days agendas will be 'milestone based' with timelines for achieving targets for social sector schemes

Budget wish list: Component PLI top demand of electronics companies

Manufacturers aim at attracting global value chains, scaling up production

Budget 2024: Nasscom seeks lighter taxation environment for tech industry

Industry association wants levels for safe harbour provisions raised to enable greater participation

Budget 2024: Experts urge higher Ayushman rates, subsidised adult vaccines

Sources suggest that the government may expand the ambit of the Ayushman Bharat scheme to cover everyone over 70 years

Budget 2024: Will recent infrastructure failures attract prompt actions?

Several cases have raised concerns about ongoing roadway projects in India, highlighting frequent delays in their completion

What Indian industry wants from PM Modi's Budget after poll setback

Finance Minister Nirmala Sitharaman is considering lowering personal tax rates for certain categories of individuals

Skill and employment sector calls for job creation, GenAI courses

Gayathri Vasudevan, trustee at Sambhav Foundation, said the meeting focused largely on optimising the utilisation of existing funds

Education Budget 2024: What did FM Sitharaman say in the past five Budgets?

Education Budget 2024: The BJP-led NDA government has steadily increased its allocation towards the education sector, focusing on skilling and digitisation. Here are highlights of the last 5 years

Budget: Exempt us from 45-day payment rule or extend deadline, say MSMEs

Sanjay Goenka of the Bihar Industries Association said the 45-day payment window was hotly debated, and they have contributed to the consultative process on the subject

Union Budget 2024: Nirmala Sitharaman to hold pre-budget meeting on June 20

Finance Minister Nirmala Sitharaman will hold a pre-budget consultation with industry stakeholders on June 20. Here's what to expect

FM Sitharaman to hold pre-budget meeting with industry chambers on Jun 20

Finance Minister Nirmala Sitharaman is likely to hold pre-budget consultations with industry chambers on June 20, sources said. The budget for 2024-25 fiscal is likely to be presented in Parliament in the second half of July. Industry sources said the pre-budget consultation with Sitharaman would be preceded by a meeting with Revenue Secretary Sanjay Malhotra on June 18. The 2024-25 Budget is likely to lay out Modi 3.0 government's economic agenda. The finance minister will have to look at measures to boost growth without hurting inflation as well as look for resources to meet the coalition government's compulsion. The economic agenda would include steps to fast-rack reforms to make India a USD 5-trillion economy in near future and turn the country into a 'Viksit Bharat' by 2047. The Indian economy is projected to grow 7.2 per cent in the current fiscal on the back of improving rural demand and moderating inflation, as per RBI estimates. The Modi 3.0 government inherits a strong

NDA govt likely to present full FY25 Budget in second half of July

The finance ministry is likely to begin the consultation process for the Budget with various ministries and stakeholders next week