Budget 2024 News - Latest Updates & Headlines
Centre notifies 1 pc tax on all luxury goods priced above Rs 10 lakh
New Delhi, April 23: The Central Board of Direct Taxes has notified the new rules to bring into immediate effect the 1 per cent tax collected at source (TCS) on luxury goods that cost over Rs 10 lakh, such as wrist watches, handbags, sunglasses, shoes, and sportswear.
BJP govt steadfast to fulfil aspirations of people: Rajasthan CM
Jaipur, April 15: Rajasthan Chief Minister Bhajan Lal Sharma emphasised that the state government is steadfast in its commitment to fulfilling the aspirations of the eight crore citizens of Rajasthan.
Oppn busy with Aurangzeb & Kunal Kamra, govt discussed farmers and workers, claims Maha CM
Mumbai, March 26: Maharashtra Chief Minister Devendra Fadnavis on Wednesday claimed that the government discussed a range of issues, including farmers and workers and the Budget proposals during the Assembly session, while opposition was busy with non-issues like Aurangzeb and Kunal Kamra.
Rekha Gupta's 'Delhi's malik' jibe at Kejriwal and Modi-Modi chants during Budget presentation
New Delhi, March 25: The Delhi Assembly reverberated with Modi-Modi chants on Tuesday as Delhi CM Rekha Gupta presented her government's first Budget in the House.
On Budget eve, Delhi CM promises to look after all sections of society
New Delhi, March 23: On the eve of presenting her maiden Delhi Budget, Chief Minister Rekha Gupta said on Sunday that her government aims to work according to the public vision and promised that the Budget will serve all sections of society.
Received nearly 10,000 suggestions reflecting expectations, concerns of people: CM Rekha Gupta on Delhi budget
New Delhi, March 22: Delhi Chief Minister Rekha Gupta on Saturday said that they received nearly 10,000 suggestions from the people via email and WhatsApp that will be reflected in the 'Viksit Delhi' Budget.
'Prime Minister Internship Scheme App' launched to guide applicants
New Delhi, March 17: Finance Minister Nirmala Sitharaman launched a dedicated mobile app for the Prime Minister's Internship Scheme on Monday.
J&K CM announces committee to devise roadmap to address issues of daily wagers
Jammu, March 11: J&K Chief Minister, Omar Abdullah, on Tuesday, announced the constitution of a committee to work out a roadmap to address the problems of daily wagers in the Union Territory.
FM says GST rates to be reduced further, rationalised; Congress demands overhaul
New Delhi, March 9: Union Finance Minister Nirmala Sitharaman has said that Goods and Services Tax (GST) rates will be reduced further as the process of rationalising tax slabs is nearing completion.
UT with Assembly is by far worst form of government in country: J-K CM Omar Abdullah
Jammu, March 7: Jammu and Kashmir Chief Minister Omar Abdullah on Friday said that an Union Territory with an assembly is the "worst form" of government in the country, adding that the country should either have only states or only UTs.
Madhya Pradesh first state to get 1st tranche of Central support from Budget: CM Yadav
Bhopal, March 7: While lauding efforts of Prime Minister Narendra Modi, Chief Minister Mohan Yadav on Friday said that Madhya Pradesh is the first state that received first tranche of Central grant from the recently passed Union Budget.
Maha debt stock to surge to Rs 7.82 lakh crore in FY 25
Mumbai, March 7: Maharashtra's debt stock, which comprises outstanding loans and other liabilities, is expected to increase to Rs 7,82,991 crore in 2024-25 against Rs 7,11,278 crore in 2023-24, an increase of 10 per cent.
FM Sitharaman launches new credit assessment model for MSMEs
Vishakhapatnam, March 6: Finance Minister Nirmala Sitharaman and Minister of State for Finance Pankaj Chaudhary on Thursday launched the New Credit Assessment Model based on the scoring of digital footprints of MSMEs.
Not a single paper leaked in our tenure: Rajasthan CM
Jaipur, March 5: Rajasthan Chief Minister Bhajanlal Sharma on Wednesday said that not a single paper has been leaked during his tenure.
India's future is determined by investments in innovation, AI a game changer: PM Modi
New Delhi, March 5: The future of the nation is determined by investments in innovation, Prime Minister Narendra Modi said on Wednesday, highlighting that artificial intelligence (AI) has the potential to not only contribute several lakh crore rupees to India's economy but also generate millions of jobs.
Time to invest in education, skill, and healthcare to boost employment: PM Modi
New Delhi, March 5: The vision of investing in people stands on three pillars -- education, skill, and healthcare, Prime Minister Narendra Modi said on Wednesday, urging all stakeholders to step forward and invest more in these areas as the next phase of development requires it.
PM Modi highlights investment in people, economy, & innovation in post-Budget webinar
New Delhi, March 5: Prime Minister Narendra Modi virtually participated in and addressed the second series of post-Budget webinar on employment.
PM to participate in post-Budget webinar on employment on Wednesday
New Delhi, March 4: Prime Minister Narendra Modi will participate in the Post-Budget Webinar on Employment on Wednesday around 1:30 pm via video conferencing.
Chhattisgarh to present budget on Monday, women and poor to get more
Bhopal, March 2: The Vishnu Deo Sai-led Bharatiya Janata Party government in Chhattisgarh will present its second full budget on Monday. State Finance Minister Om Prakash Choudhary will announce the state’s fiscal plan, which is anticipated to remain within the bracket of Rs 1.60 lakh crore to 1.75 lakh crore.
India's economic momentum expected to sustain: Chief Economic Adviser
New Delhi, February 28: Despite global uncertainties, India's economic momentum is expected to remain strong, driven by robust rural demand and a revival in urban consumption, according to Chief Economic Adviser V Anantha Nageswaran.
Using modern tools to increase revenue & improve tax collections: Tripura CM
Agartala, Feb 22: Tripura Chief Minister Manik Saha on Saturday said that to increase revenue from various sectors and improve tax collection, modern technologies are being utilised and digital awareness among the taxpayers would be further expanded.
Every budget focuses on people's welfare, this one will be no different: Gujarat CM Bhupendra Patel
Gandhinagar, February 20: Gujarat Chief Minister Bhupendra Patel on Thursday expressed confidence in the state budget, stating that all budgets presented by Finance Minister Kanubhai Desai have been for public welfare.
India set to become third-largest economy in the world by 2029: CM Nayab Singh Saini
New Delhi, February 18: Haryana Chief Minister Nayab Singh Saini expressed confidence that India will achieve its goal of becoming a developed nation by 2047.
Indian stocks could see revival soon, global factors are the key: Morgan Stanley
Mumbai, Feb 18: Global brokerage Morgan Stanley has said that Indian stocks could see a revival soon but global factors will be the key.
UP CM Yogi Adityanath chairs BJP legislature meeting ahead of budget session beginning Tuesday
Lucknow, February 17: Uttar Pradesh Chief Minister Yogi Adityanath held a BJP legislature meeting in Lucknow ahead of the budget session of the Uttar Pradesh legislative assembly. Deputy CMs Brajesh Pathak and Keshav Prasad Maurya were also present in the meeting along with other ministers and MLAs of the BJP.
Announced in July 2024 Budget, FM Sitharaman launches Mutual Credit Guarantee Scheme for MSMEs
Mumbai, February 17: Finance Minister Nirmala Sitharaman on Monday launched the Mutual Credit Guarantee Scheme for MSMEs (MCGS - MSME) for facilitating loans upto Rs.100 crore to Micro, Small and Medium Enterprisess for the purchase of machinery or equipment without collateral.
FM Sitharaman launches Mutual Credit Guarantee Scheme for MSMEs
Mumbai, Feb 17: The Centre on Monday launched the 'Mutual Credit Guarantee Scheme for MSMEs', which was announced in the Union Budget 2024-25 to boost the micro, small, and medium enterprises.
Ashwini Vaishnaw lauds PM Modi, FM Sitharaman for taking care of lower, middle income groups
Bengaluru, Feb 15: Union Minister for Railways, Information and Broadcasting, Electronics, and IT, Ashwini Vaishnaw, said on Saturday that while presenting the budget Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman have always kept lower and middle-income groups at the core of thinking.
Will make provisions in budget to improve condition of roads in Chhattisgarh: Deputy CM Arun Sao
Raipur, February 13: Chhattisgarh Deputy Chief Minister Arun Sao on Thursday asserted that the state government will make provisions in the budget to improve the conditions of the roads in the state.
Top 15 tier 2 cities in India see housing sales up 4 pc, sales value up 20 pc
New Delhi, Feb 12: Housing sales in India's top 15 tier 2 cities rose by 4 per cent to 1,78,771 units with sales value rising by 20 per cent to Rs 1,52,552 crore in 2024, a report showed on Wednesday.
Don't know which planet she is living in: Congress' Priyanka Gandhi criticises Union Finance Minister's Parliament address
New Delhi, February 12: Congress leader and Wayanad MP Priyanka Gandhi on Tuesday slammed Union Finance Minister Nirmala Sitharaman's address in Parliament, saying she's "living on a different planet" for claiming there's no rise in unemployment or prices.
Targeted Budget, focused on rich, big people: Akhilesh Yadav in Lok Sabha
New Delhi, February 11: Samajwadi Party (SP) chief Akhilesh Yadav on Tuesday criticised the Union Budget in the Lok Sabha, terming it as a "targeted budget" and alleged that it is focused on the rich.
New Income Tax bill likely to be introduced in Lok Sabha on Thursday
New Delhi, February 11: The new Income Tax Bill will be introduced in the Lok Sabha on Thursday, sources said.
Chidambaram says 11 pc tax growth unlikely with tax cuts as RS takes up budget discussion, seeks Bharat Ratna for Manmohan Singh
New Delhi, February 10: Rajya Sabha on Monday took up discussion on the Union Budget with senior Congress leader and former Finance Minister P Chidambaram slamming Union Budget 2024-25 saying that tax proposals not only benefit the middle class but also the rich and richest.
Revised income tax law to eliminate obsolete and redundant provisions: Experts
New Delhi, Feb 9: The revised income tax law is expected to be clear, concise, consistent and supplemented with illustrative examples to aid understanding and interpretation by various stakeholders, which will also eliminate obsolete and redundant provisions, according to industry experts.
Budget is growth-centric and aims to empower middle class: Dharmendra Pradhan
New Delhi, February 10: Union Minister Dharmendra Pradhan described the Union Budget as growth-centric, aiming to empower the middle class and uplift vulnerable sections of society, while also stressing that the government is committed to boosting private-sector investment and driving economic development. O
FM Sitharaman hopeful of introducing Income Tax Bill next week
New Delhi, Feb 8: Union Finance Minister Nirmala Sitharaman on Saturday said that she is hopeful of introducing the new Income Tax Bill in the coming week, which would go to the Parliament's Standing Committee on Finance for scrutiny.
Union Budget is non-inflationary, says Finance Secretary Tuhin Pandey
New Delhi, February 6: Finance Secretary Tuhin Kanta Pandey has emphasized the government's commitment to maintaining fiscal discipline while fostering economic growth, stating that the Union Budget 2024-25 is "absolutely non-inflationary".
Govt continues to push solar sector, budgetary allocation hiked 60 pc this year: Jefferies
New Delhi February 6: The government continues the push for the solar sector in the FY26 Budget, with a year-on-year (YoY) rise of over 60 per cent to Rs 242 billion (24,200 cr), according to a report by Jefferies.
We gradually healed the wounds of middle class: PM Modi on new tax exemptions
New Delhi, February 4: Prime Minister Narendra Modi, during his address in Parliament on Tuesday said that there were multiple 'bombs' and 'bullets' hurled at the middle class, which were then subsequently "healed" by the BJP-led government after 2014, in a reference to the new income tax introduced in by the Finance Ministry.