Lower Import Duty On Gold May Enhance Domestic Demand: GJC

23 Jul 2024

New Delhi: All India Gem and Jewellery Domestic Council member and former Chairman Anantha Padmanaban today commended the Union Budget 2024 presented by Finance Minister Nirmala Sitharaman and said that it will help in boosting the industry. “It’s been pending for the last 12 years & at last government has...

FM Announces Flood Relief Aid For Bihar, Assam, Sikkim, HP, Uttarakhand

23 Jul 2024

New Delhi: In her seventh consecutive Union Budget for 2024–25, Finance Minister Nirmala Sitharaman emphasised the government's key priorities, including providing financial assistance to flood-prone states such as Bihar, Assam, Himachal Pradesh, Uttarakhand, and Sikkim. These states have experienced significant losses due to floods and other natural calamities. During the...

Harsh Goenka Praises Budget 2024 as ‘Detailed and Well-Researched’

23 Jul 2024

Harsh Goenka, chairman of RPG Enterprises, has lauded the Union Budget 2024 presented by Finance Minister Nirmala Sitharaman. He described the budget as “meticulous, detailed, and well-researched,” praising it for addressing the needs of the common man. Goenka’s Comments on Social Media After a world cup win by the men...

Budget 2024: Over ₹3 Lakh Crore Allocated For Benefit Of Women And Girl

23 Jul 2024

Finance Minister Nirmala Sitharaman, in her seventh consecutive budget speech, presented the Union Budget 2024-25 on Tuesday in the Lok Sabha. She announced a substantial allocation of more than ₹3 lakh crore for schemes benefiting women and girls, underscoring the government’s commitment to promoting women-led development. Key Highlights for Women’s...

Budget 2024: What’s Cheaper, What’s Costlier? | Complete List

23 Jul 2024

Finance Minister Nirmala Sitharaman introduced the Union Budget 2024 on Tuesday, using a bottom-up approach. The Budget aimed to make medications more cheap, particularly for cancer patients, and contained initiatives to decrease customs charges on precious metals, decreasing the rate to 6% for gold and silver and 6.5% for platinum....

Budget 2024: Gold Shines With Import Duty Cuts, Middle Class Rejoices With Tax Relief

23 Jul 2024

Finance Minister Nirmala Sitharaman, in her Union Budget 2024 speech on Tuesday, announced significant cuts in import duties on gold and silver. This move is aimed at enhancing domestic value addition in gold and precious metal jewelry. Key Announcements Gold and Silver Import Duty Cut The import duties on gold...

Budget 2024: Flood Assistance Announced for Bihar, Himachal, Assam, Uttarakhand, Sikkim

23 Jul 2024

Union Finance Minister Nirmala Sitharaman revealed plans for financial aid to states such as Bihar, Himachal Pradesh, Assam, Uttarakhand, and Sikkim, which have endured losses from floods and other natural disasters. She mentioned that Bihar, prone to frequent floods, would receive relief through the upcoming implementation of flood control structures...

Budget 2024: Fiscal Deficit Target Cut To 4.9% With Emphasis On Consolidation

23 Jul 2024

In presentation of the Union Budget for 2024-25, Finance Minister Nirmala Sitharaman has set a fiscal deficit target of 4.9% of Gross Domestic Product (GDP). This marks a decrease from the 5.1% target outlined in the Interim Budget on February 1. For the fiscal year 2023-24, the initial fiscal deficit...

Budget 2024: Taxpayers and Pensioners to Benefit from New Simplified Tax Measures

23 Jul 2024

Finance Minister Nirmala Sitharaman announced significant changes to the tax structure in the Budget 2024. The new tax regime slabs have been revised, and the standard tax deduction has been increased from ₹50,000 to ₹75,000. However, the standard deduction under the old tax regime will remain unchanged at ₹50,000. For...

Budget 2024: What Is Costlier? Customs Duties Rise On…

23 Jul 2024

Finance Minister Nirmala Sitharaman unveiled the Union Budget 2024 today, July 23. The budget includes a notable reduction in customs duties for cancer medications and mobile phones, which is expected to lower their retail prices. However, customs duties on ammonium nitrate have been increased by 10%, and non-biodegradable plastics will...