New Delhi: Giving a big relief to startups, the government on Tuesday announced removal of angel tax for all classes of investors to further promote the growth of budding entrepreneurs of the country. Angel tax refers to the income tax that the government imposes on funding raised by unlisted companies, or startups, if their valuation…
New Delhi: Bihar Chief Minister Nitish Kumar on Tuesday came out with a cryptic response to the Centre’s refusal to grant special category status to the state. Kumar, whose JD (U) is a key ally of the ruling NDA at the Centre, was asked about the Union government’s statement in Parliament the day before. “You will…
New Delhi: While the Bharatiya Janata Party (BJP) hailed the Union Budget-2024, calling it middle-class centric and a roadmap for growth, the Opposition disagreed. While the Congress alleged that the budget was copied from its manifesto for the recent Lok Sabha polls, the Trinamool Congress said it had left out the Opposition-ruled states. Top lawmakers…
New Delhi: The Union Budget for 2024-25 will provide Rs 1.48 lakh crore for education, employment and skilling in the country. Presenting the Budget in the Lok Sabha, Finance Minister Nirmala Sitharaman said it will focus on employment, skilling, MSMEs and the middle class. She added that the government has extended the PM Garib Kalyan…
New Delhi: The government on Tuesday said it will launch three employment-linked schemes. While presenting the Union Budget for 2024-25, Finance Minister Nirmala Sitharaman said the government will provide incentives to 30 lakh youth entering the job market by providing one month’s PF (provident fund) contribution. She announced that working women hostels will be set…
New Delhi: The Centre on Tuesday proposed an outlay of Rs 26,000 crore for various road projects in Bihar. In her Budget for 2024-25, Finance Minister Nirmala Sitharaman said the Union government will arrange financial assistance to Bihar through aid from multilateral development agencies. The government will also set up airports, medical colleges and sports…
New Delhi: In sops for the middle class, Finance Minister Nirmala Sitharaman on Tuesday hiked standard deduction by 50 per cent to Rs 75,000 and tweaked tax slabs under the new income tax regime to provide more money in the hands of salaried class with a view to boost consumption. She said salaried employees in…
New Delhi: The Congress on Tuesday took a swipe at TDP chief N Chandrababu Naidu, saying he quit the NDA in 2018 due to the failure to grant special category status to the state and six years later when the government is reliant on his MPs, all he has managed to get is a “special…
New Delhi: The Central government will provide Rs 15,000 crore financial assistance for Andhra Pradesh for the purpose of development of Amaravati, Union Finance Minister Nirmala Sitharaman said on Tuesday. Presenting the Budget for 2024-25 in the Lok Sabha, she further said the NDA government at the Centre is fully committed to financing and early…
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said appropriate changes will be made to the Insolvency and Bankruptcy Code (IBC) and steps will be taken to strengthen tribunals in the country. She also proposed integrated technology platform for improving outcomes under the Code, besides additional debt recovery tribunals to be set up in the…
