Page 20 - Latest Updates on Nirmala Sitharaman
Rail stocks rally: RVNL, IRFC, TexRail surge up to 15% on July 08; check why
The GoI is focusing on improving the railway infra and ensures faster development and completion of tracks, rail electrification, rolling stock manufacturing and delivery of passenger freight services
 "Rail stocks rally: RVNL, IRFC, TexRail surge up to 15% on July 08; check why")
FinMin wraps up consultations, FY25 Budget to be presented on Jul 23
The Finance Ministry in a statement said the pre-budget consultations for Union Budget 2024-25 that started from June 19 onward concluded on July 5
 "FinMin wraps up consultations, FY25 Budget to be presented on Jul 23")
Union Budget 2024: FM Nirmala Sitharaman set to present Budget on July 23
The Budget session of Parliament is slated to take place from July 22 to August 12
 "Union Budget 2024: FM Nirmala Sitharaman set to present Budget on July 23")
Budget 2024: What does India's power sector expects from FM Sitharaman
Union Budget 2024: Securing supply chain stability and embracing new technologies are essential for the sector's long-term sustainability and efficiency
 "Budget 2024: What does India's power sector expects from FM Sitharaman")
Andhra CM meets FM Sitharaman, seeks financial aid for debt-ridden state
According to the state government data, the public debt of Andhra Pradesh has increased from 31.02 per cent of the Gross State Domestic Product (GSDP) in 2019-20 to 33.32 per cent in 2023-24 fiscal
 "Andhra CM meets FM Sitharaman, seeks financial aid for debt-ridden state")
Budget Watch: Sitharaman likely to address banking, insurance reforms
Government's equity dilution in state-owned lenders will be one issue financial market observers will monitor
 "Budget Watch: Sitharaman likely to address banking, insurance reforms")
Big ideas for Budget D-Day
Jobs, skills and innovation should be the focal point
 "Big ideas for Budget D-Day")
Budget 2024: Standard deduction for salaried persons may rise to Rs 1 lakh
Budget 2024: Under the Indian taxation laws, the standard deduction is a provision for the salaried employees and taxpayers receiving a pension
 "Budget 2024: Standard deduction for salaried persons may rise to Rs 1 lakh")
Budget Watch: FinMin confident of sticking to fiscal deficit of 5.1% of GDP
However, this path may not be as easy for the government to tread
 "Budget Watch: FinMin confident of sticking to fiscal deficit of 5.1% of GDP")
'Domestic flows will sustain, but will not rise meaningfully from here'
The pockets of the market in which excess exuberance can be seen will undergo a reality check of earnings and valuations, said Gautam Sinha Roy of ICICI Pru Life Insurance
 "'Domestic flows will sustain, but will not rise meaningfully from here'")
Full Budgets tend to realign fiscal deficits set in interim Budgets
Analysis of fiscal trends since 1991 reveals that full Budgets typically reduce fiscal and revenue deficits set in interim budgets, with notable exceptions during economic crises and major reforms
 "Full Budgets tend to realign fiscal deficits set in interim Budgets")
New base years for national accounts, macro indicators from Jan-Feb 2026
A base year is the reference year whose prices are used to calculate the real growth (minus inflation) in national income
 "New base years for national accounts, macro indicators from Jan-Feb 2026")
GDP growth expected to slow down modestly this fiscal year and next: Poll
Most economists expect the government to maintain a broad path of fiscal consolidation
 "GDP growth expected to slow down modestly this fiscal year and next: Poll")
Govt to give 5-yr extension for export credit scheme amid economic slowdown
In the upcoming Budget 2024, there may be a five-year extension of the scheme for pre- and post-shipment rupee export credit
 "Govt to give 5-yr extension for export credit scheme amid economic slowdown")
Union Budget 2024: Will Bengaluru be included in 50% HRA exemption?
Currently, rented houses in Delhi, Mumbai, Kolkata, and Chennai qualify for a 50% exemption from HRA, while those in other locations (non-metro) fall into the 40% category
Govt looks to launch new index ranking states by their labour standards
The index is aimed to promote 'healthy competition' between states to improve labour welfare, productivity, social security coverage, and more
 "Govt looks to launch new index ranking states by their labour standards")
Skill and employment sector calls for job creation, GenAI courses
Gayathri Vasudevan, trustee at Sambhav Foundation, said the meeting focused largely on optimising the utilisation of existing funds
SMEs divided over impact of new 45-days payment rule. Is it a boon or bane?
The new 45-day payment rule for SMEs, effective April 2024, aims to ease working capital issues. While some SMEs welcome it, others fear adverse impacts on their businesses
 "SMEs divided over impact of new 45-days payment rule. Is it a boon or bane?")
Budget 2024: Rise in standard deduction limit likely in new tax system
Union Budget 2024: Standard deduction represents a portion of the income that is not subject to taxation; it serves as a comprehensive allowance for tax deductions available to salaried employees
Budget Watch: From toys to footwear, new PLI schemes knocking on the door
Amid demands from industry bodies and govt departments, the upcoming Union Budget 2024 may see PLI schemes introduced for even more items
 "Budget Watch: From toys to footwear, new PLI schemes knocking on the door")
