New Delhi: Industry leaders on Tuesday welcomed the defence outlay of Rs 6.22 lakh crore in the Union Budget, with some calling it a “landmark allocation” while others saying that initiatives outlined in the budget will collectively signal a “robust blueprint” for India’s progressive and inclusive development. Ashish Saraf, vice president and country director, Thales…
New Delhi: Buoyed by improvement in revenue collection, the government has lowered the fiscal deficit target to 4.9 per cent for the current financial year as against 5.1 per cent estimated in February’s interim Budget. Finance Minister Nirmala Sitharaman, however, retained the fiscal deficit estimate at 4.5 per cent for 2025-26 as announced in February….
Hyderabad: Telangana Chief Minister Revanth Reddy has sharply criticized the Union Budget 2024-25, labeling it a ‘Kurchi Bachao Budget.’ He accused the Modi government of allocating funds to Andhra Pradesh and Bihar solely to appease its allies, TDP and JDU. Expressing his discontent, Revanth Reddy condemned the perceived vendetta against Telangana, questioning why the state…
Amaravati: The Andhra Pradesh Chambers of Commerce and Industry Federation (AP Chambers) on Tuesday welcomed the 2024-25 Union Budget allocations for the state but noted that it lacked financial specifics. Tabling the Union Budget, Finance Minister Nirmala Sitharaman allocated Rs 15,000 crore as special financial support for the development of capital city Amaravati, and also…
New Delhi: Union Finance Minister Nirmala Sitharaman on Tuesday presented a balanced and gratitude-oriented Budget 2025 under Narendra Modi’s third term. Matching the record of Morarji Desai by presenting the Union budget for the seventh time, Sitharaman delivered crucial announcements after an embarrassing electoral loss, demonstrating resilience despite the ruling party lacking a simple majority….
New Delhi: The Supreme Court, in its Tuesday order, declined to conduct a retest for the NEET-UG examination, stating that there is no substantial evidence indicating a systemic breach of the exam’s integrity. “Data on record is not indicative of a systemic leak of the question paper which would indicate a disruption of the sanctity…
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…
