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Direct tax collections poised to surpass budget target for 2024-25 The Income Tax Department expects to surpass the direct tax collection target of Rs 22.07 lakh crore fixed in the Union Budget for the current financial year, according to Central Board of Direct Taxes (CBDT) chairman Ravi Agarwal. Agarwal told journalists collections from corporate and non-corporate taxes have risen and the Income Tax Department believes that it will cross the budget target for the second year in a row. This reflects the strong fiscal position of the country driven by rob...
Direct tax collections poised to surpass budget target for 2024-25
Direct tax collections poised to surpass budget target for 2024-25
Source: IANS
2024-11-19 05:09:35 pm
Assocham seeks TDS rate rationalisation in Budget for 2025-26 Business chamber Assocham has in its pre-Budget memorandum to the Union Finance Ministry sought a rationalization of TDS (tax deduction at source) rates with a single rate of 1 per cent or 2 per cent for all payments to avoid litigation on interpretational issues and ensure ease of tax compliance.   The suggestions in the presentation relating to direct taxes also sought decriminalisation of certain TDS (Tax Deduction at Source) defaults, as the provisions relating to the same are qui...
Assocham seeks TDS rate rationalisation in Budget for 2025-26
Assocham seeks TDS rate rationalisation in Budget for 2025-26
Source: IANS
2024-11-19 02:30:27 pm
Kharif crop sowing exceeds 1,104 lakh hectares: Centre Kharif crop sowing has exceeded 1,104 lakh hectares, up from 1,096 lakh hectares last reported (as of September 17), as paddy, coarse cereals, oilseed and sugarcane crossed the normal area, the government said on Monday.   Paddy sowing reached 413 lakh hectares coverage (as of September 23), as compared to 404 lakh hectares during the corresponding period of last year, as per data from the Ministry of Agriculture and Farmers Welfare. For pulses, 128.58 lakh hectare area coverage ha...
Kharif crop sowing exceeds 1,104 lakh hectares: Centre
Kharif crop sowing exceeds 1,104 lakh hectares: Centre
Source: IANS
2024-09-24 09:04:07 am
Indian tech industry projected to reach $350 billion in FY25 as salaries jump The Indian tech industry is projected to reach $350 billion in FY25 -- from $254 billion in FY24 -- fuelled by the rise of remote work and digital-first strategies, a report showed on Tuesday.  Traditionally non-tech industries are being transformed through the use of advanced technologies, with over 70 per cent of the companies in telecom, media and entertainment, banking, financial services and insurance (BFSI), and energy and utilities sectors, dedicating more than 20 per cent of t...
Indian tech industry projected to reach $350 billion in FY25 as salaries jump
Indian tech industry projected to reach $350 billion in FY25 as salaries jump
Source: IANS
2024-08-27 01:48:21 pm
Analysis of Budget Impact on MSME`s by Ugro Capital 1.MSMEs at the Centerstage of Budget 2024: The government has recognized the importance of MSMEs in addressing unemployment and rural distress. The budget for 2024-25 has given special attention to MSMEs, particularly labor-intensive manufacturing, through financing, regulatory changes, and technology support. 2. Improved Access to Credit: A new credit guarantee scheme has been introduced to facilitate term loans for MSMEs to purchase machinery and equipment without requiring collateral or...
Analysis of Budget Impact on MSME`s by Ugro Capital
Analysis of Budget Impact on MSME`s by Ugro Capital
Source: Ugro Capital
2024-08-14 05:56:39 pm
Indian carrier SpiceJet's Q1 profit drops on fewer flights Indian budget carrier SpiceJet reported a drop in first-quarter profit on Wednesday, as it flew fewer passengers amid legal and financial troubles. The company reported a standalone profit of 1.50 billion rupees ($17.9 million) for the quarter ended June 30, down 26.7% from last year. This excludes the business of its subsidiaries, including SpiceXpress and Logistics. SpiceJet has been struggling to scale up operations as some lessors took it to court to settle unpaid dues, and also ...
Indian carrier SpiceJet's Q1 profit drops on fewer flights
Indian carrier SpiceJet's Q1 profit drops on fewer flights
Source: Reuters
2024-08-14 05:10:23 pm
Centre kicks off Cold Chain scheme for setting up food irradiation units The Ministry of Food Processing Industries on Friday invited Expression of Interest (EoI) from prospective entrepreneurs for setting up multiproduct food irradiation units under the Centre’s Integrated Cold Chain scheme announced in the Union Budget 2024-25 on July 23. The ministry said that financial assistance in the form of grants-in-aid and subsidies will be provided to the eligible projects under the demand-driven Cold Chain scheme. The Ministry of Food Processing has been qu...
Centre kicks off Cold Chain scheme for setting up food irradiation units
Centre kicks off Cold Chain scheme for setting up food irradiation units
Source: IANS
2024-08-09 02:16:51 pm
India’s seafood exports have surged by 31 pc to Rs 61,044 crore: Minister As a result of various efforts made by the government, India's seafood exports have increased from Rs 46,662.85 crore in 2019-20 to Rs 61,043.68 crore in 2023-24, registering a growth of 30.81 per cent, the Parliament was informed on Friday.  Minister of State for Commerce and Industry Jitin Prasada furnished figures in the Rajya Sabha to show that the total production and export of marine products in the country has been increasing steadily over the last five years.  The ...
India’s seafood exports have surged by 31 pc to Rs 61,044 crore: Minister
India’s seafood exports have surged by 31 pc to Rs 61,044 crore: Minister
Source: IANS
2024-08-03 09:06:38 am
Budget simplifies tax provisions, ensures fairness and equity: Revenue Secretary The Union Budget aims to simplify tax provisions and reduce complexity and disputes, while ensuring that those more capable bear a burden than the lesser, Revenue Secretary Sanjay Malhotra said here on Tuesday.   At a post-budget session at the leading industry chamber PHDCCI, Malhotra said the budget not only aims to adopt a collaborative, non-adversarial approach but also stimulate growth and employment, "with a significant shift from principal accounts to normative and presump...
Budget simplifies tax provisions, ensures fairness and equity: Revenue Secretary
Budget simplifies tax provisions, ensures fairness and equity: Revenue Secretary
Source: IANS
2024-07-31 10:17:26 am
JP Nadda hails 'visionary' Budget, says it's based on four pillar of 'GYAN' Speaking in the Rajya Sabha on Tuesday, Leader of the House J.P. Nadda hailed the Union Budget 2024-25 presented by Nirmala Sitharaman on July 23 as "inclusive, sustainable, and economically resilient".  He also said that the focus of the Budget -- the first in the third term of the government led by Prime Minister Narendra Modi -- was on the four pillars of 'GYAN' -- Gareeb (poor), Youth, Anndata (farmers), and Naari Shakti (women's empowerment). He also cong...
JP Nadda hails 'visionary' Budget, says it's based on four pillar of 'GYAN'
JP Nadda hails 'visionary' Budget, says it's based on four pillar of 'GYAN'
Source: IANS
2024-07-31 09:49:28 am
Philippines submits $108.8 billion budget for 2025 The Philippines' Department of Budget and Management (DBM) on Monday submitted the proposed 2025 budget or national expenditure program (NEP) to the House of Representatives for scrutiny.  Budget Secretary Amenah Pangandaman said the proposed 2025 budget has a layout of 6.352 trillion pesos (roughly $108.8 billion), equivalent to 22 per cent of the gross domestic product and 10.1 per cent higher than the 2024 national budget, Xinhua news agency reported. In crafting the propose...
Philippines submits $108.8 billion budget for 2025
Philippines submits $108.8 billion budget for 2025
Source: IANS
2024-07-29 03:50:38 pm
Engineering goods exports up 4.3 pc to $28 billion, Budget to give further boost Engineering goods exports went up 4.34 per cent to $27.93 billion in the April-June quarter (year-on-year), from $26.77 billion in the same period a year ago, a report said on Monday.  Among the top destinations of Indian engineering goods, shipments to countries such as the US, UAE, Saudi Arabia and the UK increased during the June quarter of the current fiscal, according to EEPC India. Indian engineering exports in May bounced back and then recorded double-digit growth in June at...
Engineering goods exports up 4.3 pc to $28 billion, Budget to give further boost
Engineering goods exports up 4.3 pc to $28 billion, Budget to give further boost
Source: IANS
2024-07-29 02:41:26 pm
FY25 Budget confirms new government’s commitment to reducing fiscal deficit: Fitch Ratings Fitch Ratings has said India's post-election budget confirms that the new administration remains committed to reducing the fiscal deficit for FY25 and FY26, despite demands of the coalition government. In the FY25 budget, the government has lowered the Centre's fiscal deficit target for the year ending March 2025 to 4.9 per cent of GDP, from 5.1 per cent in February's interim budget. The government's fiscal deficit target for FY25 is significantly below the 5.4 per cent tha...
FY25 Budget confirms new government’s commitment to reducing fiscal deficit: Fitch Ratings
FY25 Budget confirms new government’s commitment to reducing fiscal deficit: Fitch Ratings
Source: Accord Fintech
2024-07-29 10:19:20 am
Puducherry CM to present budget on August 2 Puducherry Chief Minister N. Rangasamy will present the budget for the financial year 2024-25 on August 2. The budget session of the Puducherry Assembly will commence on July 31 with the customary address by the Lieutenant Governor of Puducherry, C.P. Radhakrishnan.   Puducherry Speaker, R. Selvam on Friday said that the house will have a discussion on the motion of thanks to the Lt. Governor‘s address on August 2. This is the first time the Puducherry assembly is convened...
Puducherry CM to present budget on August 2
Puducherry CM to present budget on August 2
Source: IANS
2024-07-26 04:23:53 pm
Kotak Institutional Equities: Strategy: FY2025 union budget: Prudent and balanced FY2025 union budget: Prudent and balanced The FY2025 union budget delivered a prudent balance between capital expenditure, fiscal prudence and welfarism. The government continued with its focus on spending in core infrastructure areas, while expenditure on certain social welfare schemes was under control. The budget did minor tinkering on tax rates for individuals, while capital gains taxes were rationalized across asset classes. Central GFD/GDP of 4.9% highlights sharper focus on conso...
Kotak Institutional Equities: Strategy: FY2025 union budget: Prudent and balanced
Kotak Institutional Equities: Strategy: FY2025 union budget: Prudent and balanced
Source: Kotak Institutional Equities
2024-07-25 01:53:12 pm
Views on budget Markets - Debt & Equity & Sectors Outlook by Tata Mutual Fund Key Highlights of the Union Budget 2024 Key focus on employment, skilling, MSME and middle class. An allocation of Rs.1.48 lakh crore for education, employment and skill development was announced 9 Priorities of the budget: Agriculture, Employment and Skilling, Human Resource Development, Manufacturing, MSMEs, Urban Development, Energy Security, Infrastructure, Innovation Andhra Pradesh Reorganization Act: Special financial suppo through multilateral development agencies of Rs. 15,0...
Views on budget Markets - Debt & Equity & Sectors Outlook by Tata Mutual Fund
Views on budget Markets - Debt & Equity & Sectors Outlook by Tata Mutual Fund
Source: Tata Mutual Fund
2024-07-25 10:48:12 am
Explainer: How full Budget 2024 compares with Interim Budget The full budget for 2024-25 presented by the Finance Minister in Parliament on Tuesday has accelerated the thrust of the Interim Budget on empowering youth, women, farmers and the poor, with the introduction of bold path-breaking initiatives to increase employment and enhance incomes in these priority segments of society.  As part of the bigger push to create more jobs, the Finance Minister announced the Prime Minister’s package comprising five schemes aimed at facilitating empl...
Explainer: How full Budget 2024 compares with Interim Budget
Explainer: How full Budget 2024 compares with Interim Budget
Source: IANS
2024-07-24 02:25:28 pm
Budget increases expenditure for National Health Mission, proposes digital public infra  The Union Budget has increased expenditure for the National Health Mission (NHM) by about Rs 4,000 crore and also proposed digital public infrastructure (DPI) at a population scale.  The Budget, presented on Tuesday in the Lok Sabha by Union Finance Minister Nirmala Sitharaman, increased spending from Rs 31,550 crore to Rs 36,000 crore for FY 2024-25 under the NHM. NHM is a Centre-sponsored scheme that primarily caters to primary and secondary healthcare service delivery in t...
Budget increases expenditure for National Health Mission, proposes digital public infra
Budget increases expenditure for National Health Mission, proposes digital public infra
Source: IANS
2024-07-24 12:46:04 pm
Budget gives big push to fisheries sector with 54 per cent hike in outlay The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman in the Parliament on Tuesday, has hiked the allocation for the Department of Fisheries by 54 per cent to Rs 2,616.44 crore from Rs 1,701 crore (Revised Estimates) during 2023-24.  As much as Rs 2,352 crore of the total outlay has been allocated for the Pradhan Mantri Matsya Sampada Yojana (PMMSY) scheme which is a 56 per cent increase over the outlay of Rs 1,500 crore for 2023-24. Finance Minister Sitharaman...
Budget gives big push to fisheries sector with 54 per cent hike in outlay
Budget gives big push to fisheries sector with 54 per cent hike in outlay
Source: IANS
2024-07-24 11:57:10 am
Budget sets stage for India`s significant advancement across all sectors: Nitin Gadkari After announcement of the Budget, Union Minister for Road Transport and Highways Nitin Gadkari has hailed it as pioneering a prosperous future with advanced infrastructure, innovation, and next-generation reforms, developing every section of the society. He said this dynamic blueprint promises to boost productivity in agriculture, enhance employment and skilling, and elevate human resources and social justice. Union Minister said it drives progress in manufacturing and services, urban deve...
Budget sets stage for India`s significant advancement across all sectors: Nitin Gadkari
Budget sets stage for India`s significant advancement across all sectors: Nitin Gadkari
Source: Accord Fintech
2024-07-23 03:33:12 pm
Union Budget 2024: Government to exempt three more cancer drugs from customs duty In a big relief to cancer patients, Union Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2024, exempted customs duty on three cancer drugs.  The three drugs are Trastuzumab deruxtecan, Osimertinib and Durvalumab. The reduction in customs duty may help reduce the financial burden on those battling the deadly disease. In her seventh budget speech, the Union Minister also called for exemptions in custom duties on X-ray tubes and flat panel detectors. "I...
Union Budget 2024: Government to exempt three more cancer drugs from customs duty
Union Budget 2024: Government to exempt three more cancer drugs from customs duty
Source: IANS
2024-07-23 03:21:05 pm
Budget offers income tax sops for 4 crore salaried individuals Finance Minister Nirmala Sitharaman offered a bonanza for four crore salaried individuals and pensioners with the Budget announcements for 2024-25. On Personal Income Tax Rates, FM Sitharaman announced two announcements to make for those opting for the new tax regime. First, the standard deduction for salaried employees is proposed to be increased from Rs 50,000 to Rs 75,000. Similarly, the deduction on family pension for pensioners is proposed to be enhanced from Rs 15,000 to Rs 25,...
Budget offers income tax sops for 4 crore salaried individuals
Budget offers income tax sops for 4 crore salaried individuals
Source: IANS
2024-07-23 02:45:10 pm
Employment, skilling top focus in Budget: FM Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman on Tuesday presented her seventh straight Budget that would lay a roadmap for 'Viksit Bharat' by 2047, focusing on employment, skilling, agriculture and manufacturing.  The first budget under Modi 3.0 seeks an economic vision that balances fiscal prudence. This is Prime Minister Narendra Modi government's 13th straight Budget since 2014, including two interim ones The Union Budget focuses on supporting consumption via higher all...
Employment, skilling top focus in Budget: FM Nirmala Sitharaman
Employment, skilling top focus in Budget: FM Nirmala Sitharaman
Source: IANS
2024-07-23 11:43:36 am
Breaking News: Modi 3.0 Sops For Bihar & Andhra Pradesh Modi 3.0 Sops For Bihar & Andhra Pradesh
Breaking News: Modi 3.0 Sops For Bihar & Andhra Pradesh
Breaking News: Modi 3.0 Sops For Bihar & Andhra Pradesh
Source: InvestmentguruIndia
2024-07-23 11:33:11 am
Sensex trades flat ahead of Union Budget India equity indices were trading flat on Tuesday ahead of Finance Minister Nirmala Sitharaman's budget presentation at 11 a.m. in Parliament.  At 9:55 a.m., Sensex was up 35 points or 0.04 per cent at 80,537 and Nifty was up 2 points or 0.01 per cent at 24,511. Selling is seen in the midcap and smallcap stocks. Nifty midcap 100 index is down 109 points or 0.19 per cent at 56,515 and Nifty smallcap 100 index is down 105 points or 0.57 per cent at 18,457. Among the sectoral i...
Sensex trades flat ahead of Union Budget
Sensex trades flat ahead of Union Budget
Source: IANS
2024-07-23 10:27:51 am
What small traders from Varanasi expect from the Union Budget Common people have high hopes from the Union Budget 2024-25 which will be presented in the Parliament on Tuesday.   Speaking to IANS, small traders from Prime Minister Narendra Modi’s Lok Sabha constituency Varanasi have shared their thoughts on the Union Budget. , said, "We have a lot of expectations from the Modi government, including reduction of GST on Banarasi sarees. There is high demand for our art and tradition, but due to increasing GST, sales are decreasing. If...
What small traders from Varanasi expect from the Union Budget
What small traders from Varanasi expect from the Union Budget
Source: IANS
2024-07-23 09:10:46 am
Rupee nudges higher tracking Asian peers; India budget awaited The Indian rupee marginally rose on Tuesday, tracking a rise in most of its Asian peers and as investors awaited the presentation of India's budget later in the day. The rupee was at 83.6250 against the U.S. dollar as of 09:30 a.m. IST, up slightly from its close of 83.6575 in the previous session. The local currency had slipped to its weakest level on record on Monday as sustained dollar demand from local importers weighed in recent sessions, while the Reserve Bank of India's a...
Rupee nudges higher tracking Asian peers; India budget awaited
Rupee nudges higher tracking Asian peers; India budget awaited
Source: Reuters
2024-07-23 08:45:45 am
Economic Survey lists six key growth areas for ‘Amrit Kaal’ After a fruitful decade of reforms, the government’s focus must turn to bottom-up reform and the strengthening of the plumbing of governance so that the structural reforms of the last decade yield strong, sustainable, balanced and inclusive growth, said the Economic Survey 2023-2024 on Monday.  In the last 10 years, the government pursued big-ticket reforms focused on restoring the health of the economy, elevating the potential growth by relieving supply-side constraints and str...
Economic Survey lists six key growth areas for ‘Amrit Kaal’
Economic Survey lists six key growth areas for ‘Amrit Kaal’
Source: IANS
2024-07-22 04:59:36 pm
India has well-established infra to attract FDI in renewables, telecom: Economic Survey India has a well-established infrastructure to attract foreign direct investment (FDI) in sectors like greenfield projects such as renewables, digital services such as telecommunications, software and hardware, and consultancy services, the Economic Survey 2023-2024 said on Monday.  Over the medium term, India is focusing on integrating its value chain with that of the West, particularly in sectors like renewable energy and advanced technology, including AI, semiconductors, and next-g...
India has well-established infra to attract FDI in renewables, telecom: Economic Survey
India has well-established infra to attract FDI in renewables, telecom: Economic Survey
Source: IANS
2024-07-22 04:54:59 pm
India has 26.52 cr students in schools, 4.33 cr in higher education: Economic Survey India has 26.52 crore students in schools and 4.33 crore in higher education institutions, according to the Economic Survey 2023-24, tabled in Parliament on Monday.  The document was tabled by Finance Minister Nirmala Sitharaman, a day ahead of the Union Budget announcement. According to the Survey, India also has “more than 11 crore learners in skilling institutions”. “These sweeping figures put into perspective the enormity of the challenge and the inherent a...
India has 26.52 cr students in schools, 4.33 cr in higher education: Economic Survey
India has 26.52 cr students in schools, 4.33 cr in higher education: Economic Survey
Source: IANS
2024-07-22 02:54:17 pm
Over 34.7 cr Ayushman Bharat cards generated: Economic Survey More than 34.7 crore Ayushman Bharat cards have been generated, said Finance Minister Nirmala Sitharaman on Monday, while tabling the Economic Survey document in Parliament today, a day ahead of the Union Budget announcement. The scheme has also “covered 7.37 crore hospital admissions in India,” said FM Sitharaman. Launched in 2018, the initiative encompasses two primary components: the establishment of Health and Wellness Centers (HWCs) and the implementation of the Pradhan...
Over 34.7 cr Ayushman Bharat cards generated: Economic Survey
Over 34.7 cr Ayushman Bharat cards generated: Economic Survey
Source: IANS
2024-07-22 02:32:49 pm
India's economy likely to grow 6.5%-7% y/y in 2024/25, government report says India's economy will grow at 6.5% to 7% in the current financial year ending March 2025, a finance ministry report said on Monday, projecting growth at below 7.2% forecast by the country's central bank. The growth projection in the annual Economic Survey, tabled in parliament by Finance Minister Nirmala Sitharaman ahead of the federal budget on Tuesday, is also lower compared to 8.2% growth in the previous year, and the upwardly revised estimates of 6.8% to 7.2% by private economis...
India's economy likely to grow 6.5%-7% y/y in 2024/25, government report says
India's economy likely to grow 6.5%-7% y/y in 2024/25, government report says
Source: Reuters
2024-07-22 12:35:32 pm
Likely winners and losers from India's upcoming national budget India unveils its budget on July 23 in the first major policy announcement of Prime Minister Narendra Modi's third five-year term, which could usher in changes to economic priorities. After a shock election result saw Modi's party returned to power relying on allies, the government is expected to boost consumption in Asia's third-largest economy by lowering personal taxes or increasing spending on consumer-focused areas. While that could benefit consumer goods makers, real e...
Likely winners and losers from India's upcoming national budget
Likely winners and losers from India's upcoming national budget
Source: Reuters
2024-07-22 09:32:42 am
Odisha: All party meeting held ahead of budget session  Leaders of various parties on Sunday attended an all-party meeting convened by the state government ahead of the budget session of the Odisha assembly, which will start on Monday.   The budget session will commence with the address of Governor Raghubar Das. “Detailed discussions held on the suggestions made by the leaders of all the political parties during the meeting to ensure the smooth conduct of the current session of the 17th Odisha assembly,” said Spea...
Odisha: All party meeting held ahead of budget session
Odisha: All party meeting held ahead of budget session
Source: IANS
2024-07-21 03:55:51 pm
Market Outlook: Budget, Q1 results & FII inflows key factors for upcoming week India equity indices witnessed volatility in the last week. At the start of the week, indices experienced buying but in the last session profit booking was seen in the markets.  However, Sensex and Nifty posted minor weekly gains. It is also the seventh consecutive week when benchmark indices railed. Finance Minister Nirmala Sitharaman will present the Union Budget for 2024-2025 in the Lok Sabha on Tuesday, July 23, 2024. Several factors will influence the market direction, includi...
Market Outlook: Budget, Q1 results & FII inflows key factors for upcoming week
Market Outlook: Budget, Q1 results & FII inflows key factors for upcoming week
Source: IANS
2024-07-21 01:59:18 pm
StoxBox: View & Top Picks on BUDGET 2024 Market Outlook ~ Key Positives Strong GDP growth India maintains a world leading GDP growth rate. Deleveraged Corporate Balance Sheets: Indian corporates have significantly reduced their leverage, and the banking sector is well-capitalized. US Tightening Cycle Nearing End: This could trigger Foreign Institutional Investor (FII) buying in India, as they have been underweight due to the rising dollar and US interest rates, causing redemptions in their Emerging Market funds. ...
StoxBox: View & Top Picks on BUDGET 2024
StoxBox: View & Top Picks on BUDGET 2024
Source: PR Agency
2024-07-19 12:19:11 pm
Sarbananda Sonowal holds pre-budget meeting with maritime sector stakeholders Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal on Monday held a pre-budget meeting with various stakeholders to gather feedback and suggestions from experts and stakeholders across different sectors. The discussions centred on identifying growth opportunities, addressing challenges, and exploring innovative solutions, the minister said after the meeting.  “The government’s focus is on building a robust maritime ecosystem that supports economic growt...
Sarbananda Sonowal holds pre-budget meeting with maritime sector stakeholders
Sarbananda Sonowal holds pre-budget meeting with maritime sector stakeholders
Source: IANS
2024-07-02 10:19:05 am
Bangladesh passes 68 billion USD budget for next fiscal year The Bangladesh parliament on Sunday passed a record 7.97-trillion-Taka (68 billion US dollars) national budget for the 2024-25 fiscal year (July 2024-June 2025). Finance Minister Abul Hassan Mahmood Ali placed before the parliament the annual budget of Prime Minister Sheikh Hasina's government. Unanimously by voice vote, the parliament passed the budget on the last working day of the current 2023-24 financial year with some adjustments, reports Xinhua news agency. The inflation r...
Bangladesh passes 68 billion USD budget for next fiscal year
Bangladesh passes 68 billion USD budget for next fiscal year
Source: IANS
2024-07-01 10:12:12 am
Maha Budget: Ahead of Assembly polls, government announces freebies & sops worth over Rs 1 lakh cr Months before the Assembly elections, Maharashtra Deputy Chief Minister Ajit Pawar, who also holds the finance and planning portfolios, presented a full budget for 2024-25 in the state Assembly on Friday with freebies and sops worth over Rs 1 lakh crore.  Pawar announced the 'Mukhyamantri Majhi Ladki Bahin Yojana' with a monthly aid of Rs 1,500 to eligible women between 21 and 60 years of age with an annual outgo of Rs 46,600 crore. In a bid to lure the farmers of the state...
Maha Budget: Ahead of Assembly polls, government announces freebies & sops worth over Rs 1 lakh cr
Maha Budget: Ahead of Assembly polls, government announces freebies & sops worth over Rs 1 lakh cr
Source: IANS
2024-06-29 09:25:26 am
Market Outlook: Monsoon, Budget & US GDP data key factors to watch this week The outlook of the Indian markets will be guided by monsoon updates, any upcoming budget-related announcements, marco cues, and global factors like US GDP data this week. Last week, Sensex and Nifty both posted minor gains of 0.20 per cent but it was the third consecutive week when benchmark indices closed with the gains. On the Domestic front, key factors to watch will be the progress of the monsoon, FII, and DII fund flows, and crude oil prices. On the global front, economic data l...
Market Outlook: Monsoon, Budget & US GDP data key factors to watch this week
Market Outlook: Monsoon, Budget & US GDP data key factors to watch this week
Source: IANS
2024-06-23 01:53:14 pm
FM Nirmala Sitharaman to hold pre-budget talks with India Inc, farmers` bodies, state FMs this week Finance Minister Nirmala Sitharaman will hold consultations with apex industry chambers, farmers’ associations and state finance ministers in the run-up to the full budget for 2024-25 that is expected to be presented in late July.  While the meeting with India Inc. is expected to be held on Thursday, the consultations with farmers’ associations and economists are likely to take place on Friday. The Finance Minister will also hold a meeting with the finance ministers of ...
FM Nirmala Sitharaman to hold pre-budget talks with India Inc, farmers` bodies, state FMs this week
FM Nirmala Sitharaman to hold pre-budget talks with India Inc, farmers` bodies, state FMs this week
Source: IANS
2024-06-17 02:29:56 pm
FM Nirmala Sitharaman on strong wicket as Modi 3.0 gears up to present full budget Prime Minister Narendra Modi has sent a clear message of continuity in the government’s economic policy with the re-appointment of Nirmala Sitharaman as Finance Minister.  Sitharaman’s return comes on the back of a successful track record with the Indian economy clocking a robust 8.2 per cent growth in 2023-24, which is the fastest among the world’s major economies, and inflation coming down to below 5 per cent. During her tenure as Finance Minister, the fiscal de...
FM Nirmala Sitharaman on strong wicket as Modi 3.0 gears up to present full budget
FM Nirmala Sitharaman on strong wicket as Modi 3.0 gears up to present full budget
Source: IANS
2024-06-12 09:20:04 am
Over 300 pc hike in India`s budget outlay for agriculture in last 9 years: FAIFA report There has been an over 300 per cent increase in budget allocation for agriculture over the last 9 years and more than 11 crore farmers benefited from the PM Kisan scheme, according to a report released by the Federation of All India Farmer Associations (FAIFA) on Wednesday. FAIFA, a non-profit organisation which claims to represent millions of farmers and farm workers, said that there has been a huge leap in the procurement of pulses at MSP which has also benefited the farmers. The othe...
Over 300 pc hike in India`s budget outlay for agriculture in last 9 years: FAIFA report
Over 300 pc hike in India`s budget outlay for agriculture in last 9 years: FAIFA report
Source: IANS
2024-05-15 04:27:44 pm
South Korea to propose largest-ever R&D budget in 2025 The South Korean government plans to draw up its largest-ever budget for research and development (R&D) projects next year, the presidential office said on Wednesday. Park Sang-ook, senior presidential secretary for science and technology, said the government is working to overhaul the way it supports R&D projects while "sharply increasing" the relevant budget next year, Yonhap news agency reported. "Given unprecedentedly rapid technological changes, with the worl...
South Korea to propose largest-ever R&D budget in 2025
South Korea to propose largest-ever R&D budget in 2025
Source: IANS
2024-04-03 12:25:30 pm
RBI meeting reviews economic outlook amid global challenges The RBI's Central Board of Directors at a meeting held in Nagpur on Friday reviewed the global and domestic economic situation and outlook, including the challenges posed by geopolitical developments and global financial market volatility. The meeting under the Chairmanship of RBI Governor Shaktikanta Das also discussed the Reserve Bank's activities including the progress made in digital payments, consumer education and awareness during the current accounting year 2023-24, accordin...
RBI meeting reviews economic outlook amid global challenges
RBI meeting reviews economic outlook amid global challenges
Source: IANS
2024-03-23 08:56:19 am
Tamil Nadu agriculture budget focus on production of oil seeds, pulses & planting neem trees Tamil Nadu Minister for Agriculture and Farmers’ Welfare M.R.K. Panneerselvam -- while presenting the agriculture budget for the financial year 2024-25 -- has given a high boost to the production of oilseeds and pulses. The minister said that a total of 10 lakh neem tree saplings will be distributed to farmers for free Panneerselvam said that while strides had been made in paddy cultivation, there was still a shortfall in meeting the demand for pulses and oilseeds. He said that...
Tamil Nadu agriculture budget focus on production of oil seeds, pulses & planting neem trees
Tamil Nadu agriculture budget focus on production of oil seeds, pulses & planting neem trees
Source: IANS
2024-02-20 05:27:58 pm
Tamil Nadu budget for FY 2024-25 to be presented today Tamil Nadu Finance Minister Thangam Thennarasu will present the state budget for the financial year 2024-25 on Monday. The budget whose theme is 'Crossing obstacles and marching towards growth' is being presented days before the announcement of the 2024 general elections. With the ruling DMK aiming for a clean sweep and winning all the 39 seats in the parliamentary elections, it has to be seen whether this will be a popular budget or not. The DMK government under Chief Minist...
Tamil Nadu budget for FY 2024-25 to be presented today
Tamil Nadu budget for FY 2024-25 to be presented today
Source: IANS
2024-02-19 09:13:22 am
CM Siddaramaiah to present budget today Karnataka Chief Minister Siddaramaiah is all set to present the state budget on Friday in the Assembly here. This will be his 15th budget presentation and eighth as the chief minister, which is the highest by any CM in the state. All eyes are on the revenue generation mechanism for the five guarantee schemes which are expected to cost the government Rs 50,000 crore to Rs 60,000 crore annually. The opposition BJP and JD(S) have been claiming that the guarantee schemes have drained the...
CM Siddaramaiah to present budget today
CM Siddaramaiah to present budget today
Source: IANS
2024-02-16 10:20:31 am