Sat, Oct 26, 2024
Union Finance Minister Nirmala Sitharaman on Friday expressed frustration with the slow crawl of foreign investments to India despite its textbook appeal as a dynamic and robust economy. "What is holding the investors back?" Sitharaman said responding to a question at a think-tank event about what's holding India back.
More >
Sat, Oct 19, 2024
During the meeting in Mexico City, Sitharaman congratulated Ramirez de la O for being appointed as Secretary of Finance and Public Credit for a second consecutive term, and also commended the strong performance of the Mexican economy in the last six years following prudent fiscal policies.
Wed, Oct 09, 2024
Union Finance Minister Nirmala Sitharaman on Tuesday commended Indian financial sector regulators for doing a "world-class job" and bringing greater transparency into the system. Underlining that she is not against questioning or critiquing regulators, Sitharaman said there is a need to be "extremely conscious" about contributions made by them as well.
Thu, Feb 08, 2024
The NDA government has overcome the crisis of those years, and the economy has been put firmly on a high sustainable growth path with all-round development, Sitharaman said.
Fri, Feb 02, 2024
Union Budget 2024: While presenting Interim Budget 2024, Finance Minister Nirmala Sitharaman mentioned about a loan scheme called PM-SVANidhi Scheme. She said that as many 78 lakh street vendors got credit from the government under this scheme. She also mentioned that among those, 2.3 lakh vendors got credit for the third time. Know what is PM-SVANidhi Scheme and how is it helping street vendors post coronavirus pandemic bout?
Thu, Feb 01, 2024
Interim budget 2024-25: The University Grants Commission (UGC) has faced a budget cut this year with the Centre reducing its grant by over 60 per cent while the allocation for Indian Institutes of Management (IIMs) has been slashed for the second consecutive year.
One of the key impacts of fiscal deficit is its effect on interest rates. When the government borrows money to finance its deficit, it increases the demand for credit in the economy. This increased demand can lead to higher interest rates, making it more expensive for individuals and businesses to borrow money. Higher interest rates can also lead to a decrease in investment and economic growth, which can ultimately affect the common man.
Food subsidy is provided to meet the difference between the economic cost of foodgrains procured by the government and their sales realisation at the PDS rate called central issue price (CIP) under the National Food Security Act (NFSA) and other welfare schemes.
A sum of Rs 1248.91 crore was given to the cabinet under which the expenditure on council of ministers, cabinet secretariat, Prime Minister's Office, hospitality, and entertainment of the government comes.
The Ministry of External Affairs (MEA) was on Thursday allocated a total of Rs 22,154 crore for the fiscal 2024-25 in the Union Budget as against last year's outlay of Rs 18,050 crore.
In the previous two years as well the government had to increase the capex for infrastructure development by over 30 per cent to do heavy lifting as private investment was muted.
Budget 2024: FM Sitharaman presented the interim budget on Thursday, February 1. Let's take a look at which ministry allocated how much amount in the shortest budget speech of the Finance Minister:
An amount of Rs 39.44 crore has been allocated for 2024-25 to meet establishment-related expenditure of Central Information Commission and Public Enterprises Selection Board.
The Saksham Anganwadi and POSHAN 2.0 saw the highest allocation of funds at Rs 21,200 crore, followed by the Mission Shakti (Mission for Protection and Empowerment for Women) which has been given Rs 3145.97 crore.
Budget 2024: Mini Nair, Chief Financial Officer (CFO) at Geojit Financial Services, said, "The biggest strength of this budget is the fact that the fiscal deficit is set at 5.1 per cent which is significantly lower than expected."
FM extended tax incentives and exemptions for startups and investments by sovereign wealth or pension funds for one year.
Their empowerment and wellbeing will drive the country forward," the finance minister said in her pre-election budget.
Finance Minister Nirmala Sitharaman also mentioned the conversion of approximately 40,000 rail bogies into Vande Bharat standard coaches.
Presenting the interim Budget 2024-25, Sitharaman said tax receipts for 2024-25 projected is projected at Rs 26.02 lakh crore.
Prime Minister Narendra Modi said his government would extend the free ration scheme for the impoverished population for a five-year period.
Budget 2024: Samir Somaiya, President of IMC Chamber of Commerce & Industry, shares insights on what he expects from the upcoming Union Interim Budget 2024.
Rahul Garg, Chairman of ASSOCHAM, shares expectations for the Union Interim Budget 2024 in Delhi.
Wed, Jan 31, 2024
Union Budget 2024: Finance Minister Nirmala Sitharaman is set to present the Interim Budget 2024 on February 1, 2024, Thursday. Every budget has some points that cater to people from all walks of life, different government departments, and states and union territories across India. It is one of the most-awaited events of the year for businesspeople and the salaried class. In their speech, which may last a few hours, the finance minister makes some important announcements. But the Budget that is presented in a few hours requires six months to be prepared. Do you know why? Know here
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
