Watch | What’s in it for the tech sector? | Interim Budget 2024
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Tag: interim budget 2024
Nirmala Sitharaman’s first Interim Budget | Puffed-up and poll-ready
Illustration: Soumyadip Sinha Finance Minister Nirmala Sitharaman, presenting her sixth Union Budget and her first Interim Budget, resisted the temptation to hand out dramatic pre-poll sops like the ones unveiled ahead of the 2019 Lok Sabha election, opting instead to bank on the government’s track record and the promise of “unprecedented development” in the next…
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Watch | Highlights of interim budget 2024
Union Finance Minister Nirmala Sitharaman presented the Interim Budget, 2024, on February 1. She said the government’s focus was on four major ‘castes’ — women, youth, poor and farmers Here are the highlights of the Interim Budget 2024 TAX No changes in tax structure for direct and indirect taxes, including import duties No tax liability…
Interim Budget enthuses startups with extension of tax expiry exemption by a year
Image used for representation purpose only. Although the Interim Budget for 2024-25 did not propose any changes in existing taxation, startups are offered certain tax benefits by way of extension of exemptions. According to the Budget document, certain tax benefits to startups and investments made by sovereign wealth or pension funds as also tax exemption on…
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Government moots ₹1 lakh-crore corpus for research and development in interim Budget
Photo used for representation purpose only. Signalling a commitment to research and innovation for India’s “tech-savvy youth,” Finance Minister Nirmala Sitharaman, in her Interim Budget speech on February 1, mentioned a corpus of ₹1 lakh crore, that would be available on ‘minimal or nil interest rates’ to “encourage” the private sector to invest in research…
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Rise in allocation for school, higher education in interim Budget
Photo used for representation purpose only. | Photo Credit: K.K. Mustafah The allocation for the departments of Higher Education and School Education, under the Union Education Ministry, has been increased in the Interim Budget presented by Union Finance Minister Nirmala Sitharaman in New Delhi on February 1. Schemes such as PM Schools for Rising India…
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Budget for Census slashed, population count may not take place in first quarter
The allocation for Census Survey and Statistics has been slashed to ₹1,277.80 crore from ₹1,546.65 crore in 2023-24, a further indication that the Census exercise, which was to be initially completed in 2021, is not planned in the first quarter of the fiscal. File | Photo Credit: The Hindu The Union Home Ministry has been…
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Industry welcomes Centre’s plans to augment electric vehicle ecosystem
Indian Bank Managing Director and CEO S.L. Jain says that the government’s focus on infrastructure, and support for EV manufacturing and charging infrastructure, aligns well with the nation’s developmental goals. | Photo Credit: Special Arrangement The Centre will focus on expanding and strengthening the electric vehicle ecosystem with supporting charging infrastructure in its move towards…
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2024 Interim Budget | Government to consolidate the demand of three Services in defence allocation
In a significant measure to bring jointness in the procurements of the armed forces, the Government has decided to consolidate the demand of the three services in the capital head of the defence budget based on similar items of expenditure such as land, aircraft and aeroengines, heavy and medium vehicles among others. In the interim…
2024 Interim Budget | Fertilizer subsidy set to decline, food subsidy sees increase
A farmer sprays fertiliser on his field in Vemulapally village near Miryalguda, Nalgonda District. File | Photo Credit: Nagara Gopal The Centre has decreased fertiliser subsidies, apparently hoping that the improving situation in Ukraine and increased domestic production will help in managing the situation. The Fertilisers and Chemicals Ministry has been claiming that the increase…
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