Budget News

Budget 2024: India negotiating bilateral investment treaties with countries, says FM Nirmala Sitharaman

These investment treaties help in promoting and protecting investments in each other's countries. These pacts are important as India has earlier lost two international arbitration cases against British telecom giant Vodafone and Cairn Energy plc of the UK over the retrospective levy of taxes.

Budget 2024: What is 'Lakhpati Didi' scheme that FM Nirmala Sitharaman mentioned in her speech?

During the Budget presentation, FM Nirmala Sitharaman enhanced the target of 'Lakhpati Didi' scheme from two crore to three crore. The initiative aims at training women in self-help groups (SHGs) so that they can earn a sustainable income of at least one lakh rupees per annum per household

Budget 2024: Road ministry's allocation hiked by 2.8 per cent to Rs 2.78 lakh crore 

The government had set a target of 13,000 km and 13,800 km of highway construction in 2022-23 and 2023-24, but the speed of construction was affected by unfavourable weather conditions and elections in many states.

Budget 2024: Centre to withdraw disputed direct tax demand of up to Rs 25,000 till FY10; Rs 10,000 for FY11-15

Presenting the interim Budget 2024-25, Sitharaman said the withdrawal of tax demand will benefit one crore taxpayers. The focus of the government has been to improve services for taxpayers, she added.

Budget 2024: At least 43 Cr loans aggregating to Rs 22.5 lakh Cr extended under PM Mudra Yojana, says FM Sitharaman 

Direct benefit transfer of Rs 34 lakh crore through Jan Dhan accounts have resulted in savings of Rs 2.7 lakh crore, the finance minister said, adding that 30 crore Mudra Yojana loans have been given to women in the last 10 years.

Budget 2024: 25 crore people came out of poverty in last 10 years, says FM Sitharaman

Sitharaman said that fulfilling the aspirations and needs of Garib (poor), Mahilaye (women), Yuva (youth) and Annadata (farmers) is the highest priority of the government.

Budget 2024: FM Sitharaman leaves income tax rates, slabs unchanged

The minister had earlier said the Budget 2024 was a vote-on-account and "no spectacular changes" should be expected. Despite this, however, middle-class and salaried tax-payers were hoping for some relief ahead of the general elections.

Budget 2024: Nearly 1.4 Cr youth trained under Skill India Mission, says FM Nirmala Sitharaman

Skill India Mission has trained 1.4 crore youth, upskilled and reskilled 54 lakh youth and established 3,000 new ITIs besides setting up institutions of higher learning namely 7 IITs, 16 IIITs, 7 IIMs, 15 AIIMSs and 390 universities, said FM.

An open letter to Sonia Gandhi: Does decrease in MNREGA outlays equal 'a silent strike on India’s poor'?

Contrary to Sonia Gandhi's unfounded allegation, the decrease in demand for MNREGA is actually a reflection of sustained growth in real GDP and the growth of remunerative jobs, leading to an increase in per capita incomes

Union Budget 2023-24 provides a fillip to financial investment ecosystem

Budget ‘2023 with its niche guidelines to enhance the financial investment ecosystem in India is deemed a boon to capital investors