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Sunday, November 10, 2024
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Budget News 2024

Piyush Goyal: Budget 2024-25 Paves The Way For India To Become Third-Largest Economy

Piyush Goyal: Budget 2024-25 Paves The Way For India To Become Third-Largest Economy

23 Jul 2024

Union Minister of Commerce and Industry Piyush Goyal on Tuesday said that the Budget 2024-25 reflects the budget for New India and the nine priorities figured out by the Finance Minister will ensure that the country becomes the third-largest economy in the world. He added that the innovative and inclusive...

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Union Budget 2024: Reduction in LTCG Tax on Gold Investments Announced

Union Budget 2024: Reduction in LTCG Tax on Gold Investments Announced

23 Jul 2024

Finance Minister Nirmala Sitharaman introduced substantial changes to the taxation of gold investments in the Union budget that was presented on Tuesday. The new budget reduces the Long Term Capital Gains (LTCG) tax on gold from 20% to 12.5% and shortens the holding period required for long-term status. Key Changes...

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Union Budget 2024: Did Lok Sabha Polls Influence The Union Budget 2024-25?

Union Budget 2024: Did Lok Sabha Polls Influence The Union Budget 2024-25?

23 Jul 2024

The Union Budget for 2024-25 has undeniably been influenced by the recent Lok Sabha election results, reflecting a clear political strategy in Finance Minister Nirmala Sitharaman’s seventh consecutive budget presentation. This year’s budget is not merely an account of government revenue and expenditure but a statement of political intent, as...

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Union Budget 2024: Defence Budget Increases By 4.79% Under ‘Atmanirbhar Bharat’ Initiative

Union Budget 2024: Defence Budget Increases By 4.79% Under ‘Atmanirbhar Bharat’ Initiative

23 Jul 2024

Finance Minister Nirmala Sitharaman unveiled a substantial defence allocation of nearly ₹6.22 lakh crore for the financial year 2024-25 in an attempt to bolster national security and advance self-reliance in defence technology. This allocation highlights the government's commitment to enhancing military capabilities and supporting domestic defense manufacturing under the 'Atmanirbhar...

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Budget 2024: What Are The Housing & Real Estate Benefits? Experts Comment

Budget 2024: What Are The Housing & Real Estate Benefits? Experts Comment

23 Jul 2024

The recent budget announcements have put a fresh spotlight on real estate and infrastructure, focusing on industrial parks, affordable housing for urban poor, and city redevelopment. Industry leaders are hopeful about how these measures will positively affect the sector. Expert Review Dr. Niranjan Hiranandani, an Indian billionaire businessman, co-founder and managing...

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Union Budget 2024: How much Will Cigerettes Cost After Tax Hike In Budget?

Union Budget 2024: How much Will Cigerettes Cost After Tax Hike In Budget?

23 Jul 2024

The 2024 Union Budget brought good news for the tobacco industry as the government decided not to increase the existing tax rates on tobacco products. This decision was particularly welcomed by ITC, India's largest cigarette manufacturer, whose shares soared by as much as 5 percent following the announcement. By the...

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Congress Criticizes Union Budget 2024-25, Claims Farmers Received a “Raw Deal”

Congress Criticizes Union Budget 2024-25, Claims Farmers Received a “Raw Deal”

23 Jul 2024

The Congress party on Tuesday claimed that India's farmers have been shortchanged in the Union Budget for 2024-25, criticizing the government for ignoring crucial demands such as granting legal status to Minimum Support Price (MSP) and providing a farm loan waiver. Finance Minister Nirmala Sitharaman announced an allocation of ₹1.52...

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Union Budget 2024: Key Takeaways on Pension System Review In Nirmala Sitharaman’s Budget Speech

Union Budget 2024: Key Takeaways on Pension System Review In Nirmala Sitharaman’s Budget Speech

23 Jul 2024

The committee to review the pension system has made considerable progress in its work, Finance Minister Nirmala Sitharaman said today in her Budget speech. "I am happy that the Staff Side of the National Council of the Joint Consultative Machinery for Central Government Employees has taken a constructive approach. A...

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Union Budget 2024: BJP Chief JP Nadda Says ‘2024 Budget Sets Path for Prosperity and Equity in India’

Union Budget 2024: BJP Chief JP Nadda Says ‘2024 Budget Sets Path for Prosperity and Equity in India’

23 Jul 2024

JP  sustainable development and economic resilience. Addressing the media after the budget announcements, Nadda said that the budget policies are poised to accelerate growth, create jobs and enhance quality of life for all citizens. "The first Union Budget for 2024-25 in the third term of the Narendra Modi government stands...

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UNION BUDGET 2024: These Three Cancer Pills Worth Lakhs Have Been Fully Exempted From Customs Duty

UNION BUDGET 2024: These Three Cancer Pills Worth Lakhs Have Been Fully Exempted From Customs Duty

23 Jul 2024

On Tuesday, July 23, Finance Minister Nirmala Sitharaman announced a complete exemption of customs duties on three cancer treatment drugs: Trastuzumab Deruxtecan, Osimeritinib, and Durvalumab. “To provide relief to cancer patients, I propose to fully exempt these three medicines from customs duties,” Sitharaman stated during her Union Budget presentation, noting...

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