Nirmala Sitharaman News

Budget expectations: Different segments of the population have hopes from the interim budget Finance Minister Nirmala Sitharaman will present on February 1. Many think Sitharaman might deliver a populist budget in view of the upcoming Lok Sabha elections while many others think the government is under no pressure to please different voting segments with benefits in the budget due to the BJP's bright poll prospects. Also Read: Budget 2024 can sow inclusive growth for farmers & women to get a vibrant Bharat There is another argument that Sitharamn might offer some benefits to the people at the bottom rungs of the economy in view of the high inflation in this financial year. These are likely to be rural people as they have been suffering from inflation as well as the depressed demand in rural areas. However, another category that the budget might target is the urban poor, not just to provide relief to them from high inflation but also to consolidate a new voting bloc. A scheme for domestic staff

Salaried individuals are expecting a separate deduction for repayment of home loans, enhancements in Section 80C and 80D deductions, and measures to encourage the shift to the new tax regime for home loan borrowers. Here's what a common man wishes from the Finance Minister in the Union Budget on February 1. Presently as per Section 80 CCE the deductions available under Section 80C, 80CCC, and 80 CCD(1) put together are capped at ₹1.50 lakh per year.

interim budget 2024 that is scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1. “The budget's emphasis on research and development offers us an exceptional chance to innovate.

Budget 2024and the potential reforms it may bring, particularly in the realm of income tax. The annual budget is a crucial policy document that outlines the government's fiscal plans for the year ahead. For taxpayers and businesses alike, understanding the potential changes in income tax regulations is of paramount importance.

DMK and BJP cadres on Monday after the Supreme Court allowed live telecast of the Ram Mandir Pran Pratishtha ceremony in Ayodhya. Finance Minister Nirmala Sitharaman and BJP State President K Annamalai had accused the MK Stalin administration of trying to scuttle the live screening of the rituals as well as poojas at local temples.

Nirmala Sitharaman on Monday watched the Ram Mandir Pran Pratishtha ceremony from Kanchipuram in Tamil Nadu after both the Supreme Court and Madras High Court allowed live telecasting of the event.

BJP has moved the Supreme Court as an urgent matter for hearing against the alleged 'order' by the DMK-led Tamil Nadu government prohibiting the live telecast of Ram Lalla's 'Pran Pratishtha' ceremony in Ayodhya on Monday at temples and other public places.

₹330 trillion. In FY24, nominal GDP size was ₹296.6 trillion, as per the first advance estimate released in December. An email sent to a finance ministry spokesperson on Friday seeking comment was unanswered till press time.

Nirmala Sitharaman on Sunday accused the DMK regime in Tamil Nadu of banning watching live telecast of Ram Mandir events in Ayodhya as the non-BJP states in South have not responded to demands for a public holiday on January 22. The DMK government was unofficially claiming law & order issues to justify ban on live telecast, Sitharaman alleged in a series of posts on social media platform X. The FM called it a 'false and fake narrative’ as there were no such issues on the day of the Ayodhya verdict.

Finance Minister Nirmala Sitharaman is all geared up to present the budget for the fiscal year (FY) 2024-25 on 01 February 2024, for the sixth consecutive year. So far, India has witnessed 91 budgets, which are 73 annual budgets, 14 vote-on-account or interim budgets and 4 special budgets, or mini-budgets. The upcoming Lok Sabha elections this year will mark the country’s 15th Interim Budget.

As finance minister Nirmala Sitharaman gears up to present the vote-on-account budget for fiscal year 2024-25 (FY25) on 1 February, India's economy finds itself at a crucial juncture. The mix of current macroeconomic indicators presents both opportunities and challenges for the finance minister. On the bright side, growth projections are promising.

₹8-9 trillion are being made in infrastructure every year. A finance ministry spokesperson didn’t respond to emailed queries. Experts said infrastructure projects would benefit significantly from a dedicated credit enhancement body as it would ensure investments required over the medium to long term are realized.

Public Provident Fund (PPF), there should be no step-motherly retirement for NPS subscribers as both these investments are for the long-term with the sole purpose of retirement benefits. PPF enjoys the status of EEE. EEE refers to tax-free status.

₹77,000 crore) is exhausted. Further, license fee should be brought down from 3% to 1% at the earliest, to cover only administrative costs by the department of telecommunications," a statement by Coai said.

Vande Bharat train over luggage space. As other passengers in the coach watch, the dispute escalates when a woman intervenes to support one of the men.

food and fertilizer subsidies for the next fiscal year, indicating fiscal caution ahead of 2024 Lok Sabha elections, said two government sources as quoted by Reuters. During the current fiscal year, which concludes on March 31, India's total budget spending is 45 trillion rupees, of which approximately one-ninth comes from subsidies on food and fertiliser. They said the Ministry of Consumer Affairs, Food and Public Distribution has projected that the cost of food subsidies in 2019 will be 2.2 trillion rupees ($26.52 billion).

interim budget, as seen in the past few decades, has whetted interest in how Finance Minister Nirmala Sitharaman is going to structure it. Read our full Budget 2024 coverage here Coming right before the Lok Sabha elections, an interim budget is an effective vehicle on which an incumbent government's poll priorities can ride. Being a top national event, it gets a lot of eyeballs and remains in the public mind as the responses and debates it generates in different quarters echo for several days. It is the last big government event before elections to please chosen voter segments. On the face of it, the BJP-led NDA government at the Centre seems to be free of the kind of pressures, or promises, an interim budget can generate for a ruling party facing elections just a few months later. It has scored surprising victories in three key states just last month which many see as a strong voter endorsement for the coming Lok Sabha elections, especially when the opposition's alliance has yet to take a potent shape.

initial public offering (IPO) process and boosting investor confidence in startup exits. “Allocating resources judiciously ensures regulatory compliance, transparency, and legal adherence during the IPO journey. Moreover, budget provisions for effective investor communication, marketing, and technology infrastructure signal professionalism and commitment, enhancing investor trust.

India’s first woman finance minister, Nirmala Sitharaman, will deliver her 6th Budget speech on 1 February 2024. She is the fifth finance minister (FM) since the 1980s to have delivered five consecutive budget speeches (for 2019-20 to 2023-24) and now she will present an interim budget ahead of national elections later this year. Other FMs who delivered five consecutive speeches were Manmohan Singh (1991-92 to 1995-96), Yashwant Sinha (1998-99 to 2002-03), P.

NEW DELHI : India plans to announce an extension to Prime Minister Narendra Modi's flagship federal housing scheme in next month's budget and an increase in available subsidies for low-cost housing loans, three sources said, ahead of elections this year. Finance Minister Nirmala Sitharaman, who will present an interim budget on February 1, is likely to raise allocations for low-cost housing by more than 15% to ₹1 trillion ($12 billion) for 2024/25 from ₹79,000 crore in the 2023/24 budget, two of the government sources said.

Union Budget 2024: Finance Minister Nirmala Sitharaman is going to present an interim budget on February 1. This budget is not expected to include any major announcements — that will be left to the full budget which will be presented by the new government elected after the Lok Sabha elections in May. However, the interim budget will include what is at the heart of a budget — projections for the coming financial year, that is the calculations about income, spending and borrowings. Read our full Budget 2024 coverage How does the budget math work? What are the key calculations that go into the making of a budget? The process of budget-making is a forward-looking exercise, since it is for the coming year, and is based on several assumptions. The budget in effect is a matter of several projected numbers.