Record Rs 6.21 Lakh Crore Allocation For Defence Sector, Boosts Innovation And Border Infrastructure

23 Jul 2024

New Delhi: The Ministry of Defence (MoD) has been allocated over Rs 6.21 lakh crore in the Regular Union Budget for the Financial Year (FY) 2024-25. "In the Regular Union Budget of Financial Year (FY) 2024-25, Ministry of Defence (MoD) has been allocated Rs 6,21,940.85 crore (approx. US $75 Billion),...

India to Establish Dedicated E-commerce Export Hubs: Finance Minister Announces in Union Budget

23 Jul 2024

India is set to establish dedicated e-commerce export hubs to boost online trade, Finance Minister Nirmala Sitharaman announced in the Union Budget. The government aims to create a streamlined regulatory and logistics environment to support the growing e-commerce sector. The Directorate General of Foreign Trade (DGFT) is already collaborating with...

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...

Budget 2024-2025: Green Strides But Miles To Go

23 Jul 2024

New Delhi: The Union Budget 2024 presented a mixed bag for India's green ambitions. While Finance Minister Nirmala Sitharaman highlighted the importance of energy transition, experts from the Centre for Science and Environment (CSE) expressed both optimism and concern regarding the specific measures. Sitharaman on Tuesday said, "We will develop...

Industry Leaders Hail 2024 Union Budget For Comprehensive Development Strategy

23 Jul 2024

Mumbai – The 2024 Union Budget has been met with enthusiastic approval from key industry leaders, who applaud its focus on infrastructure, skill development, and job creation. The budget’s alignment with the diverse needs of India's economic landscape has been particularly well-received. "The 2024 Union Budget aligns with our expectations,...

Nikhil Kamath’s Budget Day Post Turns Heads For The Wrong Reasons

23 Jul 2024

Zerodha co-founder Nikhil Kamath shared a photo on Budget day that was intended to reflect his reaction to the Union Budget 2024. However, the focus quickly shifted from his thoughts on the budget to his physical appearance. The Photo and Social Media Reaction View this post on Instagram ...

Opposition Calls Bihar’s Rs 26,000 Crore Budget Allocation A ‘Jhunjhuna’

23 Jul 2024

The Rs 26,000 crore budgetary allocation for Bihar announced by Union Finance Minister Nirmala Sitharaman has triggered intense reactions from political leaders. The allocation, intended for various development projects in the state, has been dismissed by the opposition as a mere "jhunjhuna" (distraction), especially in the context of the demand...

Budget 2024 Boosts Real Estate For Urban Poor, Middle-Class

23 Jul 2024

The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman on Tuesday, introduces significant measures aimed at rejuvenating the real estate sector with a particular focus on benefiting the urban poor and middle class. The budget outlines a series of initiatives and financial allocations designed to make housing more affordable...

Union Budget 2024: Industry Leaders Assess Economic Impact and Policy Priorities

23 Jul 2024

As the echoes of the Union Budget 2024 reverberate through the corridors of industry, leaders across various sectors have weighed in on its implications for economic growth and sectoral development. The budget, touted as a pivotal document setting fiscal policies and economic priorities, has drawn both praise and scrutiny from...