Finance Minister Sitharaman said scaling up manufacturing is essential to absorb India's young workforce, reduce import dependencies and build competitive global supply chains.
The Upper House is also expected to take up The Disaster Management (Amendment) Bill, 2024, which has already been passed by the Lok Sabha.
Budget 2025 Expectations News: There is lot of buzz around tweaks in the income tax slab in the upcoming budget
CNBC-TV18 Global Leadership Summit Latest News Today: ‘Dugna daam dena padega,’ says Nilesh Shah to foreign investors selling
While the new tax regime scheme was without any exemptions, the government later added standard deductions after hearing the people, Sitharaman added.
The minister was chairing a meeting to review the capex for Ministry of Road, Transport and Highways and Ministry of Communication
Here are the diverse perspectives from the government and the Opposition leaders on the Union Budget 2024, showcasing the range of opinions on the Budget allocations and priorities.
Realty stocks gain after FM Sitharaman announced Rs 11 lakh crore capex outlay and Rs 10 lakh crore allocation for rental housing.
The first budget of Modi 3.0 could have fresh PLIs, an excise duty cut, higher allocations for star schemes and greater onus on the states to drive sentiment on ground. The budget could play it safe while batting for the grass root economy.
In an exclusive interview with CNN-News18, Sitharaman said the free ration scheme unlike what Opposition terms it, is certainly not a freebie.
“The window of demographic dividend will be there with us for the next 30 years,” FM Sitharaman said on May 17 at the annual business summit of CII in New Delhi.
The meeting came amid an RBI clampdown on Paytm Payments Bank over compliance violations, however, sources have indicated that there were no expressions of anxiety or concerns related to PayTM by Startup Founders and FinTech entities during the meet
The Interim Budget, with its spotlight on fiscal responsibility, capex-led growth, and rising corporate profits, showcases a positive macroeconomic picture for India.
Direct tax reforms constitute ongoing activity, government is looking to improve ease of tax-payers facilitation, Finance Minister Nirmala Sitharaman said in an exclusive interview to Network18, while refusing to comment on whether salaried tax-payers could expect tax concessions in July 2024.
Somanathan said it is a matter of basic economic prudence to withdraw a stimulus
Most countries have since the pandemic seen a sharp recovery in their economic activity for a short period, which was followed by a period of fall, and going forward they are looking at ways to sustain economic recovery, Nirmala Sitharaman added
Sitharaman cited examples of the Mysuru-Bengaluru expressway, Metro, suburban rail, Vande Bharat train and flyovers initiated by the NDA government
In a meeting to review the progress of various government schemes aimed at the welfare and upliftment of SCs, the Finance Minister urged banks to make proper digital records for jobs being outsourced, especially for posts like Safai Karamcharis from October 1.
Bitcoin's price is currently $39,687.83. The dominance of the world's biggest cryptocurrency is 41.69 percent, an increase of 0.15 percent over the day.
Budget 2022: In this episode of The Moneycontrol Real Estate Show, Moneycontrol's Vandana Ramnani talks to Anshul Jain, Managing Director, India and South East Asia, Cushman & Wakefield, to understand what’s in it for homebuyers and investors in Budget 2022 and the issues that the Budget did not capture. Listen for more
On Monday, Finance Minister Nirmala Sitharaman unveiled her policies for ‘Financial Capital’ with a big-bang announcement related to SEBI.
The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May to mitigate the distress caused by lockdown due to COVID-19 by providing credit to different sectors, especially micro, small and medium enterprises (MSMEs).
She also announced Rs 3 lakh crore collateral free automatic loan for businesses, including MSMEs.
The changes will allow state-run banks to purchase pooled assets from financially sound NBFCs and HFCs.
Companies try to minimise giving taxes by taking advantage of depreciation, deductions, exemptions, etc from the government. So the government imposes a Minimum Alternate Tax or MAT as an advance tax on these companies.