Page 3 - Budget 2024

Sitharaman to introduce J&K Appropriation Bill in the Lok Sabha: What is it

This Jammu and Kashmir Appropriation Bill, 2024 seeks to authorise the withdrawal of sums from the Consolidated Fund of the Union Territory for FY25

Property owners will now have to pay more tax as Budget 2024 plugs loophole

Income arising from any kind of rentals from house property shall be taxed under the chapter "income from House Property" which allows specified deductions.

Meity receives lion's share of PLI scheme and semiconductor outlay

The good news is that the automotive sector, which provides incentives for electric vehicles and components, is finally taking off

Realty sector loses Rs 6,480 crore in market value after Union Budget

Analysts feel removal of indexation may dampen investor sentiments, particularly in high-end segments

With no angel tax, startups and investors hope for better funding scenario

While the abolition of the angel tax is a big win for startups and their investors, the ecosystem is not out of the woods yet

Small and worrying: Loans under Rs 50K are on Reserve Bank of India's radar

Regulator wants banks and fintechs to review exposure limits for consumer credit

News updates: One dead after flooding in UPSC coaching centre basement, rescue operations underway

Catch the latest news from around the world here

Hike in capital gains taxes won't adversely impact market sentiment: Goyal

The Commerce minister termed the criticisms against the hike in capital gains tax and securities transaction tax in derivatives trading as fear-mongering

Rs 10,351.82 cr to Himachal in Budget will immensely help state: Malhotra

Himachal Pradesh will benefit a lot from the Union Budget 2024-25 and receive Rs 10,351.82 crore from the central funds which will give a boost to developmental activities in the state, said Union Minister of State for Transport and Highways and Corporate Affairs Harsh Malhotra here on Saturday. Addressing a press conference to explain the provisions of the Union Budget, he said they will give impetus to horticulture, construction of roads and tunnels besides increasing the Mudra loan from Rs 10 lakh to Rs 20 lakh. Asserting that enormous funds are being spent on construction of highways, tunnels and expansion of railway network, the minister said a sum of Rs 1,681 crore will be spent on the 4.1-km Shinkula Tunnel connecting Lahaul in Himachal and Zanskar in Ladakh located at an altitude of 15,800 feet. Its foundation stone was laid by the Prime Minister Narendra Modi on July 26. He said the road will be constructed by the Border Roads Organisation (BRO). He also informed that a su

Budget 2024: Minister Meghwal says Oppn trying to create false narrative

Union Minister Arjun Ram Meghwal on Saturday said a strong foundation has been laid in the Union Budget to achieve the goal of 'Viksit Bharat-2047' but the opposition was trying to create a "false narrative" to mislead people. He claimed the opposition parties' "Constitution in danger" propaganda fell flat during the recent Lok Sabha polls and the same thing will happen this time too. The opposition parties have accused the Union government of meting out "step-motherly" treatment to states ruled by non-NDA parties and claimed the financial packages to Bihar and Andhra Pradesh showed this was a Budget of "compulsion". Hitting back at the opposition, the Union minister of law and justice said, "A strong foundation has been laid in the Union Budget for 'Viksit Bharat-2047'." "Since the names of Bihar and Andhra Pradesh were mentioned (in the Budget), they are trying to create a false narrative. I come from Rajasthan and its name was not mentioned in the Budget. Does that mean that the

State name missing in Budget doesn't mean funds not allocated: MoS Murugan

Union Minister of State for Information and Broadcasting, L Murugan on Saturday said absence of a state's name in the Union Budget does not mean that funds were not allocated to them. He claimed that states are always getting sufficient funds from the Centre. Absence of the name of a state in the Union Budget does not mean no funds were allocated to it. Uttar Pradesh was not mentioned, Rajasthan was not mentioned. Even Madhya Pradesh was not mentioned. It does not mean that sufficient funds were not allocated, he told reporters. Further, he said that Prime Minister Narendra Modi gave his commitment to the people of Andhra Pradesh during his visit to the state earlier that similar to Viksit Bharat (developed India) the government will also go ahead for Viksit Andhra Pradesh. Earlier, addressing a press conference, the Union Minister highlighted several allocations made to the southern state in the Union Budget 2024-25. Customs duty exemption on shrimp production, impetus to natural

CM Stalin attacks Centre, calls Union Budget a 'revenge' against country

Tamil Nadu Chief Minister M K Stalin on Saturday launched a sharp attack against the ruling BJP at the Centre over the 2024-25 Union Budget, calling it a 'revenge' taken by the saffron party against the country and warned it will face more electoral defeats since it was committing "mistake after mistake." Explaining his decision to boycott the Niti Aayog meeting scheduled in New Delhi under the Chairmanship of Prime Minister Narendra Modi on Saturday, Stalin said he was 'compelled' to speak in the people's forum, seeking justice due to the "discriminatory attitude" towards Tamil Nadu reflected in the budget. The state's pleas for disaster relief to the tune of Rs 37,000 crore and Chennai Metro Rail's second phase were not heeded to, he said in a statement. Further, the BJP runs "the government with political motive". "The budget presented on July 23 is evidence of this. In the recently held parliamentary elections, the people of various states defeated the anti-people BJP. The Budg

iPhones now cheaper by up to Rs 5,900 after Budget's duty relief

Sharpest price is for iPhone SE assembled in India; other models become cheaper too

Financial bids for IDBI Bank by FY25-end: DIPAM Secy Tuhin Kanta Pandey

He said that the government is more for a calibrated strategy rather than setting a big-bang target

FIIs cash out from equities post Budget 2024 on capital gains tax tweaks

FIIs net sold stocks worth Rs 10,712 crore in the cash market, and index futures worth Rs 10,336 crore in the derivatives segment in the three trading sessions post Budget 2024.

ITC chairman announces investment of Rs 20,000 cr for 'medium term'

Company has 'unwavering confidence' in country's economic growth, says Sanjiv Puri

FY25 Budget confirms govt's commitment to reduce fiscal deficit: Fitch

Fitch Ratings on Friday said India's post-election budget confirms that the new administration remains committed to reducing the fiscal deficit for FY25 and FY26, despite demands of the coalition government. In the FY25 budget, the government has lowered the Centre's fiscal deficit target for the year ending March 2025 to 4.9 per cent of GDP, from 5.1 per cent in February's interim budget. The government's fiscal deficit target for FY25 is significantly below the 5.4 per cent that the ratings agency anticipated when it affirmed India's 'BBB-' rating, with a stable outlook, in January 2024. "India's post-election budget confirms that the new administration remains committed to reducing the fiscal deficit this and next year, despite the demands of the coalition government," Fitch Ratings said in a statement. The sustained focus on supporting economic growth through high public capex also points to continuity in key areas, it added. "We believe that it should be achievable as the ...

This jewellery stock hit the 5th straight upper limit; up 95% from June low

PC Jeweller was locked in the upper circuit for the fifth straight day, up 5 per cent at Rs 85.83, also hitting a 19-month high on the BSE in Friday's intra-day trade amid heavy volumes.

Niti Aayog meeting faces boycott from opposition leaders over budget woes

Chief ministers from Tamil Nadu, Himachal Pradesh, Karnataka, Telangana, Punjab, Jharkhand, and Kerala will be skipping the Niti Aayog meeting

In India's goal of financial inclusion, banks make 'remarkable progress'

Number of Indians with an account in a formal financial institution increased to 77% in 2021