UNION GOVT
Union Budget 2024: Govt mulls doubling number of AB-PMJAY beneficiaries, insurance amount
Budget 2024: The government plans to double Ayushman Bharat's beneficiary base over three years, starting with those aged 70 and above. Insurance coverage may increase to Rs 10 lakh per year, potentially costing an additional Rs 12,076 crore annually. These proposals might be announced in the upcoming Union Budget, enhancing healthcare accessibility and financial protection.
Congress govt in K'taka "unnecessarily quarrelling" with Centre: Union Minister Kumaraswamy
"I know this government (in Karnataka is) unnecessarily quarrelling with the Central government. First of all, I request the Karnataka government that -- quarrelling will not help. Or throwing mud against the Central government will not help. Whatever is the issue, come, discuss with us," Kumaraswamy said.
Budget 2024: Top three moves that NDA govt must consider for employment generation
Budget 2024: Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget on July 23 in Lok Sabha, kicking off the parliamentary session running from July 22 to August 22. The upcoming budget under the NDA government is anticipated to prioritize sustaining economic growth, promoting job creation, and adhering to fiscal deficit targets.
Budget 2024: Will govt retain focus on LPG subsidy to keep the cooker burning in rural India?
Union Budget 2024: The Modi-led government is likely to allocate Rs 9,000 crore for the LPG subsidy to beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) in the upcoming Budget, according to a report by ET Now citing sources. This move continues the government's focus on providing subsidies under the Ujjwala Yojana scheme, primarily benefiting women.
Budget 2024 may see Modi govt hiking rural housing subsidy by 50% following Lok Sabha disappointment
India plans a substantial increase in rural housing subsidies in the upcoming federal budget, potentially exceeding $6.5 billion, up by 50% from the previous year. This initiative aims to address rural economic distress and boost infrastructure spending including village roads and job programs, amid challenges in the agriculture sector and recent electoral setbacks for Prime Minister Narendra Modi's party.
Union Minister writes to UP CM over rejection of OBC, SC/ST candidates for govt posts
Anupriya Patel urged the Uttar Pradesh Chief Minister to address the rejection of OBC and SC/ST candidates for government posts, emphasizing the importance of fair recruitment processes and filling reserved positions with deserving candidates from marginalized communities.
Delhi rain chaos: Union environment minister blames plastic waste, slams local govt's inaction
Union Environment Minister Bhupender Yadav blamed waterlogging in Delhi on clogged drains due to plastic waste after heavy rains. He criticized the Delhi government for inaction despite warnings, citing record rainfall of 228.1 mm in 24 hours. Residents faced familiar scenes of chaos, highlighting the city's drainage issues.
Income tax relief: Budget 2024 may increase standard deduction under new income tax regime
Will Budget 2024 increase standard deduction: The Finance Minister in the 2023 Budget included a standard deduction of Rs 50,000 for salaried taxpayers and individuals getting pensions in the new tax regime. This standard deduction was made the automatic choice, unless taxpayers chose not to take it.
Govt’s infrastructure focus makes sector funds a compelling choice
With the National Democratic Alliance (NDA) returning to administration for a third consecutive term and the 2024 Union Budget round the corner, analysts expect the government to retain focus on the infra sector with a sustained budgetary allocation.
Budget Preview: Govt could use part of RBI dividend to reduce fiscal deficit, says Motilal Oswal
A transfer of Rs 2.11 lakh crore by the RBI implies excess receipts of about Rs 1.5 lakh crore in FY25, the MOFSL note said. MOFSL sees the new government largely retaining its tax and non-debt capital receipt (including disinvestment) projections as presented during the interim Budget in February.
Central govt employees seek rationalised income tax slabs and old pension scheme from Budget
Central government employees are advocating for key reforms in the Union Budget 2024-25. Their demands include rationalization of income tax slabs, the restoration of the old pension scheme, the establishment of the eighth central pay commission, improved home loan recovery terms, enhanced medical facilities, and income tax exemptions for pensioners.
Govt needs to adopt granular approach to support biz, promote jobs: PwC Chairman
PwC in India Chairperson Sanjeev Krishan emphasizes the need for a granular and tailored approach to support small businesses, promote job creation, and ensure inclusive economic growth in Modi 3.0 government's agenda.
Modi meets likely ministers in his new govt over tea
On Sunday evening, alongside Prime Minister-designate Narendra Modi, new faces like Manohar Lal Khattar, Shivraj Singh Chouhan, Bandi Sanjay Kumar, and Ravneet Singh Bittu may join the Union Council of Ministers. Amit Shah, Rajnath Singh, Nitin Gadkari, and others are anticipated to remain part of the government. Speculations abound about potential inclusions from Shiv Sena, including Prataprao Jadhav, and BJP, like C R Paatil and Jyotiraditya Scindia
Budget to indicate policy priorities of coalition govt, says Moody's
Moody's Analytics highlighted that the upcoming Union Budget will set policy priorities for the coalition government, shaping the next five years' growth trajectory.
Minister resigns after illegal money transfer allegations
The ruling Congress gave up on him as the BJP sought to amplify it as a major scam under CMSiddaramaiah's watch. The government has formed a special investigation team to probe it, while the CBI has already taken up the matter on a complaint from Union Bank of India.
Karnataka’s tribal welfare minister quits after govt funds find way to bank accounts in Hyderabad
Karnataka's Tribal Welfare Minister B Nagendra resigned over a scandal involving the illegal transfer of Rs 89.63 crore of government funds to unknown individuals in Hyderabad. The BJP intensified its campaign for his resignation, alleging a major scam under Chief Minister Siddaramaiah's watch. The ruling Congress withdrew support as an investigation team was formed to probe the matter. The CBI has taken up the case, and the BJP demanded the CM's resignation, alleging his knowledge of the illegal funds transfer.
Madras HC stops Centre from banning 'ferocious and dangerous' dog breeds
The Madras High Court has intervened in the Union government's plan to classify certain dog breeds as 'ferocious and dangerous,' potentially preventing a nationwide ban. While allowing the government to gather feedback, Justice Anita Sumanth's interim order halts the process criticized for lacking empirical evidence. The breeds in question include pitbull terrier, tosa inu, and others. The court adjourned the hearing until June 14.
Govt starts granting citizenship under CAA in West Bengal, Haryana, Uttarakhand
The first set of citizenship certificates after the notification of the Citizenship (Amendment) Rules, 2024, granted by the Empowered Committee, Delhi, were handed over to the applicants in New Delhi by the Union Home Secretary on May 15.
PM Modi-led govt reshaped Budget in last 10 years: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman highlighted that over the past decade, the Modi government has transformed the Union budget from a simple expenditure record into a strategic roadmap for equitable distribution. The minister emphasized the government's commitment to optimizing the utilization of taxpayers' money by ensuring it is allocated for the most effective purposes.
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