Nirmala Sitharaman News

24.07 / 10:37

UPS Provident FIVE economy Research wellness innovations A nine-lane expressway ahead: Sitharaman's plans to speed up India

Union Budget presented by Finance Minister Nirmala Sitharaman yesterday was unique among all the budgets presented by her in that it offered a long-term roadmap for a developed India, an aim set by the government called Viksit Bharat. At the start of the Parliament’s Budget session, a day before the budget was presented, Prime Minister Narendra Modi said the budget will further the goal of a ‘Viksit Bharat’ by 2047.

24.07 / 10:30

UPS FIVE Manufacturing track travelers Vande Bharat or Aam Aadmi Rail? How world's largest transporter has changed over a decade

Finance Minister Nirmala Sitharaman, focuses on balancing increased spending on jobs and rural development with transferring more funds to states, while narrowing the fiscal deficit. However, it offered limited new announcements for the Railways, mentioned only once in the Finance Minister's 83-minute speech.

24.07 / 08:07

markets UPS Provident Budget 2024: What the new proposals mean for your taxes and finances

Budget seems modest by comparison. While the finance minister proposed a slight adjustment in tax slabs and an increase in the standard deduction to ₹75,000—resulting in a reduction of approximately ₹17,500 in tax burden—the changes fall short of the anticipated overhaul.

24.07 / 07:34

Target economy country reports inequality India's Modi focuses on jobs creation in first budget after winning polls

Indian Prime Minister Narendra Modi plans to raise spending to create more jobs and spur economic growth

24.07 / 05:03

UPS CEO Healthcare country information gatherings Budget 2024 makes new income tax regime more attractive: See how much taxes you can now save

The budget has proposed adjusting the tax slabs under the new tax regime to make it more appealing to taxpayers. The standard deduction has also been proposed to be increased to Rs 75,000 from Rs 50,000 under the new regime. These tweaks will help salaried employees in the new tax regime save up to Rs 17,500 in income tax, Finance Minister Nirmala Sitharaman said in her budget speech.

24.07 / 04:38

COST Mobile Celebrity band reports patient Seven wonders from Union Budget that will cheer the Indian consumers

Union Budget: The recent budget announced by finance minister Nirmala Sitharaman brings relief to consumers by reducing customs duties on various imported goods, making luxury items and essential commodities more affordable.

24.07 / 03:20

UPS economy Election Research wellness Modi Budget prioritizes jobless voters who spurned him at polls

24.07 / 02:59

UPS Gap Strategy Enterprise Election show How Budget signals policy continuity, explained in 8 charts

Under pressure from the disappointment in the Lok Sabha polls, the government got a massive boost for its 2024-25 budget in the form of a windfall dividend transfer by the Reserve Bank of India (RBI). With help from that revenue gain, the Centre chose to focus on cutting the fiscal deficit, and offer some tax relief to boost consumption, but only with a marginal increase in revenue expenditure. Did the budget manage to fire on all cylinders, or did it just showcase policy continuity? Mint breaks it down: After an unexpected loss of majority in the elections, the temptation to deliver a pro-welfare or a populist Budget could have run high for the ruling party.

23.07 / 20:25

Citi Aware Manufacturing WhatsApp country International Budget 2024: Reforms flow to put wind in shipping industry's sails

reforms to improve the domestic shipping industry and generate more jobs in the sector.

23.07 / 20:17

Reserve Bank of India (RBI) crypto tax India Leaves Crypto Tax Unchanged During Budget Presentation

India’s Finance Minister, Nirmala Sitharaman, unveiled the Union Budget for 2024-25 in India on July 23. The budget maintained the existing tax rate for the cryptocurrency industry without directly addressing digital assets.

23.07 / 20:14

UPS Healthcare trends performer innovations gatherings Focus is on creating jobs, giving a lift to small biz & middle class: Nirmala Sitharaman

middle class are the primary focus of the budget, finance minister Nirmala Sitharaman said. In a post-budget media briefing, the minister spoke about the government's attempts to simplify the tax regime and spur job creation. Edited excerpts:

23.07 / 19:53

Provident FIVE Manufacturing economy Election wellness poverty Big boost for Viksit Bharat goal: PM Modi on budget 2024

Prime Minister Narendra Modi on Tuesday said the budget promotes "inclusive growth", benefitting all segments of society, and will be a «catalyst» in making India the third-largest economy and a developed nation.

23.07 / 19:51

markets Provident Manufacturing economy Sustainability inclusion innovations Future-proofing the Indian economy: Measures announced in budget expected to stabilise rural economies

finance minister in India's history to present seven consecutive Union budgets, finance minister Nirmala Sitharaman had the momentous task of addressing multiple areas such as rural demand, infrastructure development, manufacturing, technology upgradation, among others, to build levers for sustainable growth for the Indian economy-underpinned by an overall focus on boosting consumption and spending.

23.07 / 19:12

COST Manufacturing Food Justice cover information With neither vision nor focus, Budget 2024 is a failed trick, trying to deflect attention

23.07 / 19:09

Target Progressive economy WhatsApp wellness India's macro aspirations: Fiscal discipline will continue with thrust on reducing debt

central government will stay the fiscal consolidation course and tailor its annual deficit targets from 2026-27 in such a manner that its debt-to-GDP ratio will progressively decline, finance minister Nirmala Sitharaman said on Tuesday.

23.07 / 19:02

MET Election Highways President Colleges No special status for Bihar, but special attention

budget, highlighting the coalition compulsions of the NDA government, but not the special status that BJP's allies from the state have been demanding.

23.07 / 18:55

markets UPS Provident FIVE security Strategy Powering up India’s job market: Rs 2 lakh crore in Budget for initiatives to boost employment, skilling for 41 mn youth

budget unveiled dedicated schemes aimed at encouraging industry to increase hiring through incentives for employers and employees to jump start job creation and reap the benefits of the demographic dividend. The latest measures also seek to give impetus to skill training and encourage companies to offer internships to youth to enhance employability.

23.07 / 18:50

Citi Provident Food wellness country concert ₹15k cr loan for Amaravati, help for Polavaram, other projects promised

Amaravati as the state capital, financing and early completion of Polavaram dam as well as grants for backward districts of the state.

23.07 / 18:46

markets Cooper economy Sustainability WhatsApp country International Next generation reforms to get policy wheels: Nirmala Sitharaman

23.07 / 17:43

markets ETF Budget 2024: What changes in capital gains tax mean for investors

MUMBAI: In the Union Budget 2024-2025, the government has introduced significant changes to the capital gains tax framework. New tax rates on capital gains for various asset classes are poised to impact many investors.

23.07 / 17:00

markets FIVE Strategy economy WhatsApp country Govt to release financial sector vision, strategy document for 5 years

government on Tuesday said it will bring out a financial sector vision and strategy document for five years, with the objective to meet the financial needs of the country. «For meeting financing needs of the economy, our government will bring out a financial sector vision and strategy document to prepare the sector in terms of size, capacity and skills,» Finance Minister Nirmala Sitharaman said while unveiling Budget 2024-25 in the Lok Sabha.

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