The US-India Tax Forum has submitted its recommendations on tax amendments for the Union Budget 2024-25, to be presented by the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, on July 23. The Tax Forum said it was recently invited to present industry recommendations on
Union Minister of state for Railways and Food processing Ravneet Singh Bittu met Union Finance Minister Nirmala Sitharaman and had long discussions on the crucial issues regarding Punjab, seeking special incentives for border districts of Punjab on the pattern of Jammu and Kashmir and beside
West Bengal Leader of Opposition, Suvendu Adhikari has written a letter to Finance Minister Nirmala Sitharaman on Thursday, raising concerns over the "financial meltdown" and "joblessness" in the state.
According to a press release, the two day event held in Kochi, brought together a distinguished gathering of international and Indian technology experts, industry leaders, policymakers, and academia to explore the transformative potential of Generative Artificial Intelligence (GenAI).
This meeting, which also saw the participation of Finance Minister Nirmala Sitharaman, was a key step as the government gears up to present its comprehensive Budget for its third term on July 23.
"A double-engine government has been formed in the state, so we will try our best to live up to the expectations of the people. Good work has been done on the budget. There are big announcements for every section," she said.
Investment banking company Goldman Sachs expects the central government to stick to the announced fiscal deficit target of 5.1 per cent of GDP for 2024-25 in the upcoming Budget to be tabled on July 23 and announce further consolidation to a deficit of below 4.5 per cent in 2025-26.
The key reforms brought in over the past decade were Jan Dhan; Digitization, financial inclusion; recapitalisation of PSBs; API-based banking; Insolvency and Bankruptcy Code; GST; and platform business models, among others.
The government under Prime Minister Narendra Modi should focus on adherence to fiscal prudence and continue on the fiscal consolidation path, suggested SBI Research ahead of the much-awaited full Budget for 2024-25 to be tabled on July 23 - the first Budget under Modi 3.0.
The Pre-Budget consultations for Union Budget 2024-25 that started from 19th June 2024 onward in the Ministry of Finance and chaired by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman concluded on July 5.