Bengaluru: The Bangalore Chamber of Industry and Commerce (BCIC) on Tuesday lauded the Union Budget 2024-25 as a comprehensive and forward-looking roadmap for India’s economic growth. In a statement, the BCIC expressed its satisfaction with the government’s proactive stance on several key areas, including MSME development, job creation, ease of doing business, and tax reforms….
New Delhi: The Centre on Tuesday announced financial support for loans up to Rs 10 lakh for higher education in domestic institutions even as it slashed the grant for the higher education regulator UGC by over 60 per cent. The allocation for prestigious B-schools — Indian Institutes of Management (IIMs) — has also been reduced…
New Delhi: The government on Tuesday proposed slashing import duty on mobile phones, chargers and some components that are used for manufacturing of handsets in the Union Budget for fiscal year 2024-25. Finance Minister Nirmala Sitharaman said with a three-fold increase in domestic production and almost 100-fold jump in exports of mobile phones over the…
New Delhi: The government has scrapped the Rs 30,000 crore equity infusion it had planned in state-owned fuel retailers after they made record profits in the fiscal year ended March 31, according to the Budget Finance Minister Nirmala Sitharaman presented on Tuesday. Sitharaman had on February 1 last year, while presenting the annual Budget for…
Chennai: Traders should voluntarily come forward to display on nameboards, the names of their shops in Tamil language, Chief Minister M K Stalin said here on Tuesday. Addressing a meeting of members of the Tamil Nadu Traders Welfare Board at the Secretariat, Stalin said the board, which was set up by late Chief Minister M…
New Delhi: Senior Congress leader P Chidambaram on Tuesday took a swipe at the government over the Union Budget, saying he is glad that Finance Minister Nirmala Sitharaman has read the Congress poll manifesto after the Lok Sabha poll results. Sitharaman presented her 7th straight budget for 2024-25, surpassing the record of former prime minister…
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…
