Page 7 - Union Budget

Rahul flags 'hollow' Budget promises; demands ignored, say regional parties

Samajwadi Party president Akhilesh Yadav wondered whether the Budget had anything for UP.

Budget 2024: What did FM Nirmala Sitharaman say about the middle class

Union Budget 2024-25: Emphasis on employment, skilling, and MSMEs, but no tax relief for the middle class

Budget 2024: Poor, middle class continue to get tax benefits, says PM Modi

Union Budget 2024: PM Modi made the remarks about the Budget hours after Finance Minister Nirmala Sitharaman made her presentation in the Lok Sabha

Budget to boost rural consumption, augment purchasing power: FMCG industry

The Union Budget will help drive consumption, especially from rural areas, with its special focus on agricultural schemes and rural development, FMCG industry leaders said. Terming the measures announced in the budget "positive , HUL CEO and MD Rohit Jawa said investment in infrastructure will have multi-year effect and help drive consumption. "The new announcements today, increasing the investment rural development, investment activities supporting urban poor, the schemes for youth, employment, especially skilling, are quite positive, especially for business like ours that serves consumers," said Jawa during an earning calls on Tuesday. "These investments will have multi-year effect in driving consumers to spend more in consumption, that, in turn, of course drive the economy for its value," he said adding these are right set of announcements and the focus of the budget is mass consumption. Parle Products Vice President Marketing Mayank Shah said initiatives announced in the budget

Budget 2024: MeitY's budget outlay jumps 52% to Rs 21,936 crore for FY25

MeitY runs multiple incentive schemes and programmes in areas such as semiconductor manufacturing and design, electronics manufacturing, and the India AI Mission, among others

Union Budget 2024 | Understanding the fine print

Budget allocation to Delhi stagnates at Rs 1,168 cr; Atishi slams Centre

The allocation for the Government of National Capital Territory of Delhi (GNCTD) in the Union budget 2024-25, presented in the Lok Sabha on Tuesday, remained stagnant at Rs 1,168 crore, the same amount allotted in 2023-24. The AAP government's Finance minister Atishi lashed at the BJP saying no money was given to Delhi neither as share in central taxes, nor as financial assistance to the Municipal Corporation of Delhi (MCD) despite the city paying Rs 2.32 lakh crore to the central pool. The transfer to Delhi from the Union home ministry included Rs 1,168 crore under the revenue head and Rs 0.01 crore under the capital head, showed the budget document tabled in the Lok Sabha. In the 2022-23 budget, Delhi was allocated Rs 960 crore. The amount was increased to Rs 1,168.01 crore in 2023-24 and it remains the same for 2024-25. There were no grants in lieu of its share in central taxes and duties for Delhi. It was Rs 325 crore in the 2022-23 budget. The amount of grants in return of ..

CII T'gana, FTCCI welcome Budget, term it growth oriented, progressive

The CII Telangana on Tuesday termed the Union Budget as growth-oriented and one which gives a big boost for MSMEs, jobs creation and skill development areas. The Federation of Telangana Chambers of Commerce and Industry (FTCCI) welcomed the Union Budget presented by Nirmala Sitharaman and said it is progressive, pro-development budget that attempted to lay a strong foundation for 'Viksit Bharat'. CII Telangana Chairman and Executive Director, Bharat Biotech International Ltd Sai D Prasad said the focus on MSMEs is extensive and the Budget for 2024-25 provides a detailed strategy for each segment of society, aiming to ensure that every Indian shares in the growth ambitions of our country, according to a release by CII Telangana. The nine key priorities outlined in the Budget for a 'Viksit Bharat' offer a holistic framework for an inclusive, resilient, prosperous, environmentally sustainable, and technologically advanced nation, he said. This ambitious plan represents a significant s

Union Budget 2024: What does it offer the middle class?

Watch: Reactions of political leaders on Union Budget 2024

Union Budget 2024: Angel Tax abolished

Budget proposes to simplify norms pertaining to FDI, overseas investments

FM says 'not disowning' Economic Survey's suggestion that India should attract more FDI from China

Union Budget 24: What's cheaper and what's costlier? Check full list

In the Union Budget for FY25, Finance Minister Nirmala Sitharaman announced several changes impacting the prices of various items. Read on to find out what they are

India's economic growth continues to be shining exception: FM Sitharaman

Zerodha to collect Rs 2,500 cr from STT hike in Budget 2024: Nithin Kamath

STT on derivatives hike in Budget 2024: While unveiling the Budget 2024 proposals, the first budget in the Modi 3.0 regime, FM Nirmala Sitharaman announced a slew of changes relating to stock markets

Full budget speech of Nirmala Sitharaman | Union Budget 2024

Union Budget 2024, No re-test for NEET UG 2024

Budget to plug skill gap, boost employment creation: HR, ed-tech industry

HR and Ed-tech industry experts on Tuesday said budget proposals on skilling, internship and job creation will help address the need for a skilled workforce and boost employment generation for youth. Experts termed the Budget for 2024-25 presented by Finance Minister Nirmala Sitharaman as forward-thinking which aligns with the vision of a 'Viksit Bharat'. Direct Benefit Transfer (DBT) of up to Rs 15,000 is set to boost formal employment by making it more attractive for industries to hire new talent, they added. Sitharaman in the budget announced an outlay of Rs 2 lakh crore for several schemes targeting 4.1 crore youth. The minister announced a provision of Rs 1.48 lakh crore for education, employment and skilling programmes. TeamLease Degree Apprenticeship Chief Strategy Officer Sumit Kumar said with targeted outreach to 4.1 crore youth over five years, the initiative is poised to make a significant impact by seamlessly integrating education, skill development and employment. "Up

Is old tax regime over? What FM Sitharaman said about old and new regimes

Union Budget 2024-25: Govt to review old tax regime. What is the current tax system and what has the Budget 2024 proposed for FY25

TMC leaders slam Budget as one for NDA, not India, says nothing for WB

Trinamool Congress (TMC) leaders on Tuesday said the budget presented by Finance Minister Nirmala Sitharaman in the Lok Sabha has nothing for West Bengal and called it a budget for the ruling NDA and not for India. "This is a 'kursi bachao budget' (budget to save the chair)," TMC MP Kalyan Banerjee said. "This budget is aimed at saving (Prime Minister) Narendra Modi's position. It is a budget for the NDA, not for India," he said. "Last time they gave so many projects to Odisha. Now they (BJP) have won (the Assembly polls in the state), so there is nothing for Odisha. There is also nothing for Bengal," Banerjee said. TMC's Rajya Sabha MP Saket Gokhale alleged that there is an "open and shameless" discrimination against West Bengal in the budget. "Open and shameless discrimination yet again in this Union Budget. Union Govt excludes only Bengal from flood relief and reconstruction funds," he said in a post on X. "Giving funds to other states while intentionally ignoring and singling