BUDGET KEY HIGHLIGHTS
President Murmu addresses joint session of Parliament: Key highlights
President Droupadi Murmu addressed the joint session of Parliament on Thursday, congratulating new MPs and emphasizing the mandate given to the Modi government for a third term. She also praised the high voter turnout in Jammu and Kashmir and lauded the Election Commission's efforts.
FHRAI seeks infra status for hotels, convention centres in pre-Budget meet
The Federation of Hotel and Restaurant Associations of India (FHRAI) has urged the government to grant infrastructure status to all hotels and convention centers costing Rs 10 crore or more. This request, part of their pre-budget recommendations, aims to boost investment in budget hotels. FHRAI also proposed a uniform 12% GST rate for all hotels and advocated for separating restaurant tariffs from room tariffs to reduce compliance issues
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.
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.
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.
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.
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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.
'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.
Job creation and social spending to be key focus areas for NDA 3.0: DK Joshi
Now, the other issues like external vulnerability, those markers also look good. Your current account deficit is in the safe zone. You have ample forex reserves. So, in this global environment where there are too many risks lurking around, we do not know when these risks will play out, but we know that they are, whether it is global debt or it is the Middle Eastern conflict or it is Russia-Ukraine war, all of these can become bigger problems, so you need to have buffers.
Why does Anurag Kashyap believe Mammootty stands apart from Bollywood stars? Director highlights key differences
Anurag Kashyap highlighted the stark differences between Bollywood and South Indian cinema, praising Malayalam superstar Mammootty for his fearless creative choices. Speaking on the Humans of Cinema YouTube channel, Kashyap emphasized that unlike Bollywood, the South Indian film industry offers equal opportunities to both small and big films. He commended Mammootty for taking bold roles and trusting filmmakers, contrasting this with Bollywood stars who seek guaranteed hits before committing to projects.
How a family of four unlocked the secrets of Switzerland: 25+ cities, 11 days, Rs 90,000!
A family from India shares their budget-friendly European vacation in Switzerland, highlighting the Swiss Travel Pass as a key to savings and convenience. They utilized free travel for children, museum entry, and discounted excursions, making the pass cost-effective. The family's travel hacks included using the SBB app, embracing public transport, and exploring lesser-known destinations like Gstaad and Mürren. Lessons learned emphasize planning, using public transport, and exploring beyond tourist spots for budget adventurers.
Samajwadi Party manifesto: Key announcements and highlights
Samajwadi Party's manifesto for 2024 Lok Sabha elections includes promises like caste census, MSP legal guarantee, women's reservation, free education, and Smart Village Cluster Development Authority establishment. Contesting 62 seats in UP INDIA bloc.
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.
Karnataka Budget announcements by CM Siddaramaiah: Key highlights and details
Karnataka Budget: Ahead of budget presentation, all eyes were on what revenue generation mechanism the govt comes up with to meet the financial requirements for the state's five guarantee schemes.
Telangana Budget Highlights: Rs 29,669 cr for capex, Rs 53,196 cr for six poll 'guarantees'
Telangana's Deputy CM presented a Rs 2,75,891 crore budget for 2024-25, focusing on revenue and capital expenditure. It aims to fulfill Congress pledges, address fiscal challenges, and prioritize citizen welfare, aligning with the vision of 'Indiramma Rajyam' for holistic state development.
Key highlights of Modi govt's white paper: "UPA tenure marked by policy misadventures and scams"
The Narendra Modi government has presented a white paper in the Lok Sabha outlining "policy misadventures and scams" during the Congress-led UPA government's 10-year tenure and the efforts made by the NDA to address them. The Finance Ministry report claims that the UPA inherited a healthy economy but turned it non-performing, while the NDA government worked to correct economic mismanagement, financial indiscipline, and corruption.
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.
India Budget 2024: Key takeaways from Modi 2.0's last finance bill
India's interim Budget disappoints taxpayers with no changes to tax structure. However, the government focuses on fiscal consolidation, capital expenditure, and social welfare services. Finance Minister Sitharaman aims to reduce fiscal deficit to 4.5% of GDP by FY26. Revised fiscal deficit target is 5.8% of GDP for FY25. Here are the other top takeaways from the Interim budget
India has bigger strategies for aam aadmi beyond Budget's income tax slab disappointment
The common man awaits to hear in the Budget if the govt will ease tax rates, impacting cash in hand. While the interim Budget didn't change income tax slabs, it did address the headache of fiscal deficit, which impacts a country's wallet. Fiscal prudence was prioritised, and the government aims to narrow the budget gap. A higher fiscal deficit leads to higher government debt and higher interest payments. The government stuck to fiscal prudence despite elections, and reduced borrowing may lead to lower interest rates.
Budget 2024 highlights: Key income tax, personal finance announcements
Interim Budget 2024 key highlights: Let us take a look at the most important income tax and personal finance-related announcements made in the interim Budget 2024.
Budget 2024: Key announcements for different industries
In the Interim Budget for 2024, Finance Minister Nirmala Sitharaman presented key announcements for diverse industries, emphasizing growth and development. Highlights include continued expansion of airports and tourism projects, comprehensive support for dairy farmers, strategies for self-sufficiency in oilseeds, and a new scheme for deep-tech technology in the defence sector.
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.
Budget 2024 Priorities: FM's announcements for Gareeb, Mahilayen, Yuva, Annadata
Union Finance Minister Nirmala Sitharaman emphasised during her Budget 2024 speech that the government will prioritise four main castes - Garib (Poor), Mahilayen (Women), Yuva (Youth), and Annadata (Farmer). "The government under the leadership of the Prime Minister firmly believes to focus on four major castes i.e. 'Garib' (poor), 'Mahilayen' (women), 'Yuva' (youth) and 'Annadata' (farmer). Their needs, their aspirations, and their welfare are our highest priority. The country progresses when they progress. All four require and receive government support in their quest to better their lives. Their empowerment and well-being will drive the country forward," the Finance Minister said.
Interim Budget: Rs 1249 crore for salaries of union ministers, entertainment of guests, ex-governors
Interim Budget: The interim budget 2024-25 allocated a total of Rs 1,248.91 crore for expenses incurred by the council of ministers, cabinet secretariat, prime minister's office and other expenses, which is lower than the previous budget of Rs 1803.01 crore. Specifically, Rs 832.81 crore is allocated for the expenses of the council of ministers, while Rs 200 crore is allocated for the National Security Council Secretariat.
Key budget announcements in Modi 2.0's last financial document you can't miss
Key Budget Announcements: Finance Minister Sitharaman outlined initiatives for the next five years, including increased housing, expanded access to free electricity, and enhanced medical care, especially for women. Sitharaman pledged support for key sectors targeted by Modi, such as farmers, youth, women, and the impoverished, as the country looks towards 'unprecedented development' in the next five years.
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