By Ravi JainThe finance minister set the stage for a “Viksit Bharat by 2047”, on the core principles of ‘Sabka Saath’, ‘Sabka Vikas’, ‘Sabka Vishwas’, with ‘Sabka Prayas’ being added as a new theme in the interim Budget.This Budget’s four core strategic areas came as GYAN: G for Garib Kalyan, Y for Youth empowerment, A … Read more
This is 9.6 percent less than the actual budget proposed for the current fiscal. For 2024-25, the ministry has been allocated Rs 90,657 crore — which is 12.5 percent higher than the revised budget for the current fiscal. The health budget as of now stands at just about 2.1 percent of the gross domestic product … Read more
A jump in government capex will go a long way in boosting investor confidence Synopsis The FY26 budget is expected to be even tighter, with a lower fiscal deficit target. The government surprised everyone by not announcing any new social schemes or expanding existing ones. Allocation for popular social schemes like MNREGA and Jal Jeevan … Read more
Budget 2024: Realtors on Thursday hailed the Budget proposal of launching a scheme to help middle-class people buy or build their own homes, saying this will boost demand for residential properties and help in the overall growth of the real estate sector. In the interim Budget for 2024-25, Finance Minister Nirmala Sitharaman announced that the … Read more
Budget 2024: The government will expand the electric vehicle ecosystem by supporting charging and manufacturing infrastructure in the country, Finance Minister Nirmala Sitharaman said on Thursday, a move lauded by the automotive industry players. Sitharaman, in her pre-election Budget, which is technically a vote on account and popularly termed an interim Budget, also noted that … Read more
By Naina Lal KidwaiFinance Minister Nirmala Sitharaman’s sixth Budget which is an interim budget promises to be responsible despite this being an election year. The budget talks about inclusive development both, social and geographical, especially for youth, women, farmers, and the poor. Continued focus on improving logistics through infrastructure spend on roads, rail, airports, ports … Read more
Income Tax Changes Budget 2024: In the recent Budget 2024 speech, the Finance Minister kept the Section 80C tax deduction limit unchanged. The maximum limit for claiming tax benefits under Section 80C remains at Rs 1.5 lakh for the current fiscal year 2023-24 and will stay the same for individuals looking to save on taxes … Read more
V Anantha Nageswaran, Chief Economic Advisor, says “there is all-round development in terms of physical, digital and social infrastructure. We have great balance sheets in the corporate and the banking sector and the infrastructure is ready to support the productive potential of the economy. Plus there is investment in skilling and education of the population … Read more
Interim budget 2024 was a prudent one devoid of any populist measure when seen in the light of an upcoming election. It scored high on fiscal prudence without compromising on high-quality capital expenditure. The finance minister clearly outlined the intent towards fiscal prudence by announcing the fiscal deficit target for FY25 at 5.1% as against … Read more
Budget 2024 income tax: During Budget 2024 speech, the Finance Minister Nirmala Sitharaman announced the removal of disputed direct tax demands up to Rs 25,000, aiming to provide relief to income taxpayers. As mentioned in the speech, this is expected to benefit approximately 1 crore taxpayers.The proposal involves withdrawing outstanding direct tax demands, specifically those … Read more