BUDGET 2024 HIGHLIGHTS
Budget 2024 will see many historic economic policies, will be a futuristic one: President Murmu at Parliament
In her address to Parliament, President Droupadi Murmu announced that the upcoming Union Budget will introduce historic economic policies and reforms at an accelerated pace. Highlighting India's contribution of 15% to the global economy, she emphasized that this budget will reflect the government's long-term policies and futuristic vision. Finance Minister Nirmala Sitharaman is set to present this Union Budget in July 2024.
ETMarkets Smart Talk: Reforms to attract FDI, simplification of tax regime & green energy likely in Budget 2024: Gurpreet Sidana
The positive trends in global markets, favourable domestic economic data, and optimism regarding corporate earnings growth have further bolstered market sentiment.
Budget 2024: 25% share by Indian liners could save $50 billion annually, says FIEO
Key export-related demands included creating an Indian shipping line, duty cuts, and extending credit schemes. Nasscom pushed for favorable policies like transfer pricing rules and deep tech clarity, with officials present to address concerns.
Indian Budget 2024: Jefferies sees affordable housing, capex-related businesses, consumer goods sectors getting the most benefit
Budget 2024 anticipates positive impacts on various sectors, with potential benefits for consumer goods and affordable housing. The budget may include tax cuts, interest subsidy reintroduction, and stable capital gains tax policies, fostering economic growth and fiscal prudence.
Union Budget 2024 date and time; Check the common FAQs, answers to budget related questions here
Budget 2024: India’s Finance Minister Nirmala Sitharaman will present the Budget for 2024-2025 in late July amidst global uncertainties and conflicts. Business leaders have called for reduced income taxes, increased capital expenditure, and measures to control food inflation. Emphasis is also on bolstering infrastructure and the MSME sector to sustain economic growth.
Finance Minister Nirmala Sitharaman chairs fifth pre-budget consultation with MSME representatives
Union Minister Nirmala Sitharaman chaired the fifth Pre-Budget Consultation in New Delhi, focusing on inputs from the MSME sector for the forthcoming General Budget 2024-25.
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Budget expectation of farm sector: Spotlight on agri research, fertiliser subsidy, climate fight in meeting with FM
Budget 2024 expectations: Experts at the meeting advocated for the consolidation of all agriculture-related subsidies for transfer through Direct Benefit Transfer (DBT) and proposed a hike in the retail price of urea, unchanged since 2018. They also emphasized promoting bio-fertilisers and foliar fertilisers through subsidies.
Looking Back at Modi's Budget: 10 key Budget announcements in 10 years of Narendra Modi government
In its first ever Budget, the Narendra Modi government announced the much-famed Beti Bachao Beti Padhao Yojana. The then finance minister Arun Jaitley allocated Rs 100 crore to the scheme, aimed at educating, empowering and protecting the girl child. The scheme also focused on general awareness and better delivery of welfare services.
Union Budget 2024: By eliminating exemptions in direct taxes, complexities and litigation costs can be removed
The article delves into the historical quirks of taxation, from ancient Egypt to medieval England, highlighting the unique taxes imposed by various rulers. It discusses the current scenario of tax reform anticipation with the upcoming Union budget, resonating with the historical dread of tax season.
Budget 2024 FAQs: Quick guide on how to read and understand the Budget
Budget 2024 FAQs: The Budget acts as a detailed plan outlining the government's anticipated income and spending for a fiscal year, covering from April 1 to March 31 of the subsequent year. This financial blueprint is pivotal in defining the nation's economic priorities and allocating resources accordingly. After the finance minister delivers the budget speech in the Lok Sabha, these essential documents are promptly uploaded to the official website, ensuring quick and widespread access to critical financial information.
Union Budget 2024: Key facts and insights you need to know
Union Budget 2024: India's inaugural Budget was announced in pre-independent India on April 7, 1860, by Scottish economist and politician James Wilson of the East India Company, presenting it to the British Crown. Following Independence, India's first post-independence budget was presented on November 26, 1947, by then Finance Minister R K Shanmukham Chetty.
Budget 2024: How about a 'Robot Tax' in Budget? Economists pitch the idea for AI-hit jobs
Union Budget: Economists discussed the upcoming Budget with Finance Minister Nirmala Sitharaman, focusing on growth, fiscal policy, investment, private sector involvement, food inflation, and debt. Key topics included the impact of AI on employment, 'robot tax' proposal, IMF recommendations, challenges faced by developing countries in adapting to AI technology, and insights from Gita Gopinath.
Budget 2024: Give the middle-class tax benefits & cut fuel excise, India Inc tells Finance Ministry
Budget Expectations: FICCI has proposed simplifying the capital gains tax system by categorizing assets into equity instruments, debt, and other assets with specific rates for long-term and short-term gains. They have also advocated for uniform tax rates for residents and non-residents.
Pakistan govt highlights critical risks to budget 2024-25 in fiscal statement to Parliament
Pakistan's cash-strapped government faces critical risks in the budget and outlook, including lower growth, natural disasters, and poor state-owned entity performance.
'Unemployment is not a problem': Arvind Panagariya's prescription to FM Nirmala Sitharaman ahead of Budget
Arvind Panagariya believes India's job challenge lies in reallocating capital to labor-intensive sectors rather than creating jobs. He emphasizes that too much capital is tied up in industries like machinery and pharmaceuticals that don't hire many workers. Panagariya suggests redirecting capital to sectors that generate more jobs per investment, stressing the upcoming budget as a critical policy statement.
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Punjab Budget 2024 Highlights: FM Cheema presents Rs 2 lakh crore budget for FY25
Punjab Budget 2024 Highlights: Punjab Finance Minister Harpal Cheema unveiled a state budget exceeding Rs 2 lakh crore for FY25 in the Assembly. Notably, Rs 13,784 crore is allocated for agriculture, with a focus on health and education. Under AAP leadership, over 40,000 jobs were created. Additionally, the budget estimates over Rs 1 lakh crore revenue collection. Proposals include One River One Fish Farming Program and online integration of mandis with rice mills to regulate grain procurement.
Delhi Budget 2024 highlights: Every woman to get Rs 1,000/month for study, or for watching movies, says Atishi
Delhi Budget 2024 highlights: Finance Minister Atishi today presented Budget for the next financial year. She sought the blessings of Manish Sisodia's mother and wife, before presenting the budget. Finance minister Atishi presented Delhi govt's Rs 76,000 crore budget for 2024-25 in the state assembly. Here are all the key highlights of Delhi Budget 2024.
A Budget that was about enhancing India's growth in a turbulent world
Interim Budget: Despite tepid global growth, India's economic momentum remains robust, leading to upward revisions in growth forecasts for the ongoing fiscal. The Government of India (GoI) presented the Interim Budget for FY2025, continuing on the path of consolidation. It pegged the fiscal deficit at a lower than expected 5.1% of GDP and increased on-budget capex to Rs. 11.1 trillion. The budget focuses on providing positive impulses to growth while ensuring resilience to global headwinds. The capital expenditure in infrastructure and construction sectors, as well as allocation for flagship schemes like Pradhan Mantri Awas Yojana, will drive growth in steel and cement volumes.
Kerala Budget 2024 Highlights: Liquor, power tariff to go up
Kelala Budget 2024 Highlights: Kerala Finance Minister KN Balagopal presented the state budget for 2024-25, focusing on key sectors and initiatives. The budget includes allocations for Sabarimala master plan, MSME sector, cashew sector, and addressing flash floods in Kochi. It also emphasizes the development of the Zoological park in Thrissur and the establishment of a Tiger safari park in Kozhikode. Other highlights include the promotion of sandalwood cultivation, investments in soil protection and safe vegetable projects, and rehabilitation of coastal areas.
UP Budget 2024 highlights: Quoting Ramayan, FM presents Rs 7.36 lakh cr record budget, says we are no more a Bimaru state; Fiscal deficit at 3.46%
UP Budget 2024 Highlights: Uttar Pradesh FM Khanna said that this budget will lay a strong foundation for UP to become a one-trillion-dollar economy. He emphasized that it will address the needs of people from all walks of life in the state, with a particular emphasis on infrastructure, improving the lives of youth, women, farmers, and the underprivileged.
Interim Budget 2024 not likely to immediately trigger consumption revival in rural economy
Slower demand in rural markets has been dragging the overall growth of the fast moving consumer goods segment since the past two years and companies said a normal monsoon and a good harvest could help expedite rural recovery instead of budget sops. Finance minister Nirmala Sitharaman said they are close to achieving the target of three crore under the rural housing scheme.
Budget Highlights: No change in tax rates, better trains, higher spending and lower fiscal deficit
Budget Key Highlights: The Modi government is striving for consistent economic growth despite geopolitical uncertainties, with ongoing initiatives designed to support farmers, women, and those facing economic challenges. There is a possibility that the government will steer clear of widespread privatization of state-owned enterprises and stick to moderate divestment goals. In the upcoming budget, an overall balanced fiscal strategy is anticipated, emphasizing sustainable economic growth and specific welfare measures.
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