Budget 2024

July 30, 2024 9:03 PM

Govt increases allocations for all social sectors in budget, including agriculture and employment

Finance Minister Nirmala Sitharaman addressed the parliament on Tuesday, responding to discussions on the recent budget. She emphasized significant increases in allocations for various social sector schemes compared to both the previous year and 2013-14. Sitharaman reported that the government's overall expenditure has grown to Rs 48.21 lakh crore, projecting a 7.3% increase over 2023-24 and an 8.5% rise over pre-actuals of 2023-24. In her address, the Finance Minister detailed the growth in s...

September 16, 2024 5:20 PM

USISPF President Mukesh Aghi terms India’s Budget 2024 as balanced one, focused on job creation

Commending India's Union Budget 2024, Mukesh Aghi, President and CEO of the US-India Strategic Partnership Forum, said that it is a pretty balanced budget focused on job creation. Aghi said that the focus of the budget is to bring the deficit from 5.3 per cent to 4.9 per cent. "It's a pretty balanced budget. From a macro perspective, the focus is to bring the deficit from 5.3 per cent to 4.9 per cent. So that's a very responsible budget. The budget focuses on job creation, skills in attracting ...

September 16, 2024 5:21 PM

Budget 2024: FM gives relief to salaried class on tax slabs and standard deduction

Finance Minister Nirmala Sitharaman on Tuesday introduced a number of income tax reforms in the Union Budget 2024-25, aimed at simplifying tax laws, promoting compliance, and supporting economic growth. Sitharaman tweaked the new tax regime by revising personal income tax slabs. Earlier, those with a taxable income between Rs 3-6 lakh paid income tax at a rate of 5%. The Finance Minister announced a change in this slab, extending it to Rs 3-7 lakh. Similarly, the slab for the 10% tax rate has ...

July 23, 2024 12:50 PM

Budget 2024: Sitharaman allocates Rs 1.52 lakh crore for agriculture, allied sectors

Finance Minister Nirmala Sitharaman allocated Rs 1.52 lakh crore for agriculture and allied sectors while presenting the Union Budget for the fiscal year 2024-25 in Lok Sabha on Tuesday. Sitharaman emphasized the importance of research and development in the agriculture sector, announcing substantial funding for R&D initiatives, particularly focusing on the production, storage, and marketing of pulses and oilseeds. This initiative aims to achieve self-reliance in oilseeds such as mustard, g...

September 16, 2024 5:21 PM

Finance Minister Nirmala Sitharaman arrives in Parliament to present Union Budget 2024

Finance Minister Nirmala Sitharaman arrived in Parliament to present the Union Budget for 2024-25. Earlier, Sitharaman met President Droupadi Murmu at Rashtrapati Bhavan, ahead of the Budget presentation at 11 am. The Finance Minister left the North Block offices of the Finance Ministry with a copy of the Union Budget 2024-25 which as has been tradition, is in a digital format. The Finance Minister along with her team posed for a photo opportunity along with the red 'Bahi Khatha' digital tabl...