Budget 2024

Israel war, Budget, Fed rate cut: Top events that shaped markets in 2024

Stock market in 2024 so far: One of the most pivotal events impacting investor sentiment was the outcome of the 2024 General Elections

125,000 openings listed by companies under PM Internship Scheme: Report

Companies have listed 1.25 lakh internship opportunities so far for candidates under the PM Internship Scheme, according to sources. The dedicated portal for the scheme went live for registration by candidates at 5 pm on October 12. The sources in the know on Saturday said that so far 250 top companies have been registered under the scheme and 1.25 lakh internship offers have been made by companies. The scheme's pilot project had envisaged providing 1.25 lakh internship opportunities to the candidates. The internships are set to commence on December 2. Those in the age group of 21-24 years are eligible to apply for the scheme, which is being implemented by the corporate affairs ministry through the portal 'www.pminternship.mca.gov.in'. Under the scheme, an intern will get a monthly financial assistance of Rs 5,000 for 12 months and a one-time grant of Rs 6,000. The initial cost of the scheme's pilot project is estimated at Rs 800 crore. Announced by Finance Minister Nirmala Sith

Working with MCA on Prime Minister's Internship Scheme portal: CII

The scheme, announced in the Budget 2024, aims to provide internship opportunities to 10 million youth in 500 top Corporate Social Responsibility (CSR) spend companies over the next five years

Centralised portal for internship scheme set to go live on October 3

Candidates can send applications from October 12

Apprenticeship scheme needs structure and monitoring to succeed: Experts

Hema Bajaj, Ruhie Pande, Amit Das, and Suryanarayan G Iyer speak with Business Standard's Nivedita Mookerji on Budget 2024's apprenticeship programme at BSmart HR Conclave

Centre sets Rs 10,000 cr for land reforms, Rs 5,000 cr for farmers in FY25

The central government has allocated Rs 5,000 crore for the construction of working women's hostels, and framed guidelines for financial support to states

Share buybacks surge as firms brace for new tax rules starting October 1

Starting October, under the revised budget provisions, taxes on share buybacks will be levied on the shareholders receiving the proceeds, according to their respective tax slabs

Union Budget 2024: Parliament approves Appropriation Bill, Finance Bill

Parliamentary approval for the Budget 2024-25 was completed on Thursday with the Rajya Sabha returning the relevant legislations to the Lok Sabha after Finance Minister Nirmala Sitharaman's spirited reply to the debate emphasising Budget was aimed at promoting investments and creating jobs. The Rajya Sabha returned the Appropriation Bill and the Finance Bill to the Lok Sabha, thus completing the budgetary exercise for 2024-25. The Jammu and Kashmir Appropriation Bill too was returned to the Lower House. Earlier, these bills were approved by the Lok Sabha. Sitharaman presented the Budget in the Lok Sabha on July 23. It was her seventh Budget. Replying to the discussions in the Upper House, the minister said the Union Budget balances different overriding imperatives, including growth, employment, capital expenditure, and fiscal consolidation. "In a nutshell, the Union Budget this year balances several overriding imperatives, growth, employment generation, capital investment, and fis

Relief for homeowners: Govt allows flexibility in LTCG tax calculation

Effectively gives grandfathering provision for property transactions before July 23

India Inc braces for share buyback rush ahead of changes to tax rules

At least 11 firms, including Indus Towers Ltd., have or are set to approve share buybacks shortly after the new regime was proposed in the budget on July 23

Andhra Guv promulgates ordinance for Rs 1.3 trn Vote-on-Account budget

Andhra Pradesh Governor S Abdul Nazeer has promulgated an ordinance approving a Vote-on-Account budget for the state for a sum of Rs 1.3 lakh crore for four months. The Andhra Pradesh Appropriation (Vote-on-Account No. 2) Ordinance, 2024 came into force and enables the state government to withdraw funds from the Consolidated Fund of the state. It is necessary that a grant in advance be made in respect to the estimated expenditure for further (4) months of the financial year 2024 25, said the ordinance shared on Thursday. As the Andhra Pradesh Legislature is not in session now, the Governor was convinced that circumstances make it necessary to take immediate action in the form of an ordinance under clause (1) of Article 213 of the Constitution of India. According to the ordinance, the southern state is going for a Vote-on-Account budget for another four months as the new government has come to power and the Finance Department in coordination with other departments is finalising the

'B' in BJP's Budget stands for 'betrayal', alleges Cong President Kharge

Congress president Mallikarjun Kharge on Thursday accused the Modi government of indulging in "tokenism" by bringing in "so-called employment-linked incentive schemes", and said the 'B' in the Union Budget stands for "betrayal". Kharge alleged that the Modi government's Budget has mere internships forced upon the industry with no long-term solution in sight. He said that a week into the 'Kursi Bachao Budget', the academia and the industry awaits clarity from the Modi government on its "tokenism" regarding the "so-called 'employment-linked incentive' schemes". "Crores of youth want a permanent solution to their plight of Jobs, but Narendra Modi ji's government bitterly deceives them by not even giving a temporary solution!" he alleged. "We ask two questions to the Modi government on these sham schemes -? When will the Modi government provide details of the schemes?" he said. Neither the youth nor the industry which is to be nudged, according to Finance Minister Nirmala Sitharaman,

Budget a fine balance, takes care of all segments, says FM Sitharaman

Finance Minister Nirmala Sitharaman on Wednesday said the Union Budget strikes a fine balance between growth, employment, and fiscal consolidation, and promotes cooperative federalism. Replying to the discussion on the Union Budget 2024-25 and Union Territory of Jammu and Kashmir Budget in Rajya Sabha, the minister said the government is on track to achieve the pre-announced fiscal deficit target of 4.5 per cent by 2025-26. Sitharaman, also a former defence minister, said the Agniveer Scheme to recruit people in the age group of 17.5 to 21 years, is aimed at keeping the armed forces fit, young and battle-ready. The minister, who presented her seventh Union Budget, also said the economic document proposes unflinching support for cooperative federalism. "I would like to underline that our unflinching commitment to cooperative federalism. The total resources proposed to be transferred to the states in 2024-25 are estimated at Rs 22.91 lakh crore. This actually entails an increase of R

Raamdeo Agrawal on why the Budget couldn't dent retail investors' sentiment

There is a lot of liquidity, shift from bank deposits to financial markets and capital formation is finally happening, said Motilal Oswal's Raamdeo Agrawal at 'Budget with BS: The Fine Print' event

Anurag Thakur's caste remark 'on Rahul Gandhi' expunged; Oppn seeks apology

BJP MP from Hamirpur, Himachal Pradesh, Anurag Thakur stoked a political row on Tuesday over his controversial Lok Sabha speech, apparently targeted at Leader of Opposition Rahul Gandhi

Budget 2024: Capital gains tax, climate change key concerns of Generation Z

Budget 2024: Young India is keen to hear announcements related to skill development for the youth, steps taken to counter climate change and reforms in the capital gains tax structure

Agniveer scheme will keep our forces battle-ready, young: FM Sitharaman

During the Budget discussion in Rajya Sabha, Finance Minister Nirmala Sitharaman slammed the Opposition for attempting to "politicise" Agniveer scheme

'Internship scheme a complicated solution to a complicated issue': Fin secy

At 'Budget with BS: The Fine Print,' Finance Secretary TV Somanathan said companies costs for interns will be funded through their CSR budgets

'Can only provide fiscal incentives': Fin secy on govt's role in employment

At 'Budget with BS: The Fine Print,' Finance Secretary TV Somanathan said fiscal incentives are the central government's responsibility, while skilling and education primarily fall under state govt

Parliament updates: Budget proposes unflinching support to cooperative federalism, says FM in RS

Lok Sabha and Rajya Sabha news updates: Here are the latest updates on the developments in the Parliament