"The Interim Budget has stuck to the winning formula that I think the current government has figured out - fiscal restraint with welfarism and growth...So, overall it is a 10/10 budget. It is just an interim budget, the actual budget will be presented after the election but they want to sti
According to a press release by the Miistery of Finance, Sitharaman, while addressing the Parliament, underscored the government's commitment to inclusive development.
Heaping praise on the Interim Budget 2024-25, Union Home Minister Amit Shah on Thursday said that the budget draws the roadmap to achieve PM Modi's vision of a developed Bharat by 2047.
"In keeping with convention, I do not propose to make any changes relating to taxation and propose to retain the same tax rates for direct and indirect taxes including import duties."
The Finance Minister further said that three major economic railway corridor programmes-- energy, mineral and cement corridors, port connectivity corridors, and high traffic density corridors--will be implemented.
As expected and in relief for the citizens, the central government neither tweaked nor put any additional tax burden on citizens, in the interim Budget for 2024-25 tabled by Union Finance Minister Nirmala Sitharaman.
"The immediate reaction would be the consolidation of the fiscal deficit. Our recommendation initially was a 5.4% fiscal deficit, but it's now 5.1%, which is a very significant step forward, but at the same time, does not sacrifice the focus on growth. So the capex spend has increased by
Presenting the Union Budget 2023, Union Finance Minister Nirmala Sitharaman on Thursday pegged the fiscal deficit target for 2024-25 at 5.1 per cent of gross domestic product (GDP).
"PM SVANIDHI has provided credit assistance to 78 lakh street vendors, from that total, 2.3 lakh have received credit for the third time PM JANMAN Yojana reaches out Particularly Vulnerable Tribal Groups PM Vishakarma Yojana provides end to end support to artisans and craftspeople Scheme
The Union Minister also underscored the success of India's G20 presidency and said that during the tough times engulfed by the COVID-19 pandemic, India navigated its way and addressed global problems.
The government proposes to increase capital expenditure outlay by 11.1 per cent to Rs 11.11 lakh crore in 2024-25, Union Finance Minister Nirmala Sitharaman said on Wednesday as she rose to present the interim Budget, ahead of the General elections.
The Indian economy under Prime Minister Narendra Modi has witnessed a profound transformation in the last 10 years when the government took several pro-people reforms that were structural, said Union Finance Minister Nirmala Sitharaman, as she rose to present the interim Budget for 2024-25.