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…
New Delhi: The government will come out with a credit guarantee scheme for MSMEs to facilitate term loans without collateral or third party guarantee, Finance Minister Nirmala Sitharaman said on Tuesday. Presenting her seventh straight Union Budget, she also said that public sector banks to build in-house capability for credit assessment of MSMEs. As part…
New Delhi: Finance Minister Nirmala Sitharaman is set to create history when she presents her seventh straight budget on Tuesday for 2024-25, surpassing the record of former prime minister Morarji Desai. Prime Minister Narendra Modi-led government’s first budget of the third term in office is widely expected to reinforce post-pandemic fiscal consolidation efforts while pursuing…
New Delhi: The Union Budget for FY25 is likely to usher in a more standardised approach to taxation and ensure policy continuity with higher outlay for capex and PLI schemes while ensuring fiscal prudence, Moody’s Analytics said. Finance Minister Nirmala Sitharaman will present her seventh consecutive Budget on Tuesday. The Budget is the first of…
Mumbai: Stock markets climbed in early trade on Tuesday, with the Sensex climbing over 264 points, ahead of the Union Budget presentation later in the day as investors’ sentiment turned buoyant amid foreign fund inflows and a rally in the US peers. The 30-share BSE Sensex climbed 264.33 points to 80,766.41 in early trade. The…
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday again took a digital tablet wrapped in a traditional ‘bahi-khata’ style pouch as she headed for Parliament to present the full Budget 2024-25 in a paperless format just like the previous years. Draped in a white silk saree with magenta border, she posed for the traditional ‘briefcase’…
New Delhi: India gained 2,66,000 hectares of forest area annually from 2010 to 2020, securing the third spot among the top 10 countries with the most significant forest area gains during this period, according to a new report by the Food and Agriculture Organisation. The report, released on Monday, said China led the world with…
