The Union budget 2024-25 was presented in Parliament by a coalition government. While it broadly signals ‘change with continuity’, it has some interesting dimensions beyond the numbers and the fiscal math. For one thing, there are references to reviews of certain key policy frameworks and other initiatives such as on foreign direct investment (FDI) and … Read more
Budget 2024: Finance Minister Nirmala Sitharaman has introduced more stringent rules for obtaining clearance certificates required for residents leaving India. Starting October 1, residents of India will need a clearance certificate confirming compliance with the Black Money Act for leaving India. As per section 230 of the Income-tax (I-T) Act, any individual residing in India … Read more
In a recent interview, Finance Minister Nirmala Sitharaman revealed that the Union Budget 2024 aims to provide relief to the middle class, albeit within certain limitations. Nirmala Sitharaman stated, “I want to relieve the middle class, but I have limitations too. I want to give relief by reducing the tax rate, and that is why … Read more
Union Finance Minister Nirmala Sitharaman will present the Budget 2024 on Tuesday, July 23, amid high hopes for a pro-growth Budget, which may also include populist measures aimed at boosting consumption and the rural sector economy. Experts are largely convinced that the government will not shift its focus away from fiscal consolidation. Moreover, it may … Read more
Finance Minister Nirmala Sitharaman has concluded consultations with various stakeholders, including representatives of industry and social sectors, as part of the budget preparation exercise. Sitharaman will present her seventh Budget on July 23. This would be the first full budget of Modi 3.0 which is going to set the path for Vikshit Bharat (developed India) … Read more
Union Budget 2024: Industry leaders requested a host of considerations in the upcoming full Union Budget 2024 during their pre-Budget meeting with Finance Minister Nirmala Sitharaman on June 20. Expectations listed by India Inc. during the two-hour interaction include a reduction in the income tax burden for the common man, an increase in capital expenditure, … Read more
With the dawn of Modi 3.0, all eyes are eagerly set on the upcoming Union Budget of 2024, slated for presentation in July. Anticipation runs high among industries, farmers, taxpayers, and the middle class alike, as they await potential boosts and tax reliefs from Finance Minister Nirmala Sitharaman. As the first budget of this new … Read more
Finance Minister Nirmala Sitharaman is likely to conduct the upcoming pre-budget consultations with industry stakeholders on Thursday, June 20, 2024. The budget for 2024-25 fiscal is likely to be presented in Parliament in the second half of July. Industry sources told news agency PTI that the pre-budget consultation with the finance minister would be preceded … Read more
Ace investor Shankar Sharma, who has been following the trends of the election results, stated on X (formerly Twitter) that one thing was certain: given the current situation, in which PM Modi’s NDA and the INDIA bloc are in a close battle with one another, short-term capital gains tax (STCG) and long-term capital gains tax … Read more
The interim budget laid out several key measures that are likely to assist rural employment and boost farmer income amid a weak demand for packaged goods reported from villages. However, companies said the budget did little to address subdued consumer demand among lower middle income households. Finance minister Nirmala Sitharaman announced in the interim budget … Read more