DDIndia Business: Economic Headlines & Updates

Business

July 23, 2024 3:31 PM

Union Budget 2024-25: What is cheaper, what is costlier?

Finance Minister Nirmala Sitharaman announced a significant reduction in customs duties on cancer medicines and mobile phones today, which will substantially lower their retail prices. Additionally, the prices of imported gold, silver, leather goods,...

July 23, 2024 3:20 PM

Budget 2024: FM gives relief to salaried class on tax slabs and standard deduction

Finance Minister Nirmala Sitharaman on Tuesday introduced a number of income tax reforms in the Union Budget 2024-25, aimed at simplifying tax laws, promoting compliance, and supporting economic growth. Sitharaman tweaked the new tax regime by revis...

July 23, 2024 12:47 PM

Budget 2024: Fiscal deficit target reduced to 4.9% with focus on consolidation

Union Finance Minister Nirmala Sitharaman announced a fiscal deficit target of 4.9% of GDP for the current fiscal year. This marks a reduction from the 5.1% target set in the Interim Budget presented on February 1, and a decrease from the 5.9% target...

July 23, 2024 12:47 PM

Budget 2024: Sitharaman allocates Rs 1.52 lakh crore for agriculture, allied sectors

Finance Minister Nirmala Sitharaman allocated Rs 1.52 lakh crore for agriculture and allied sectors while presenting the Union Budget for the fiscal year 2024-25 in Lok Sabha on Tuesday. Sitharaman emphasized the importance of research and developme...

July 23, 2024 12:19 PM

Budget 2024: Rs 2 lakh crore allocated to employ 4.1 crore youth over next 5 years

Union Finance Minister Nirmala Sitharaman, in her Budget speech on Tuesday, proposed the creation of employment for about 4.1 crore youth over the next five years. To support this initiative, the Finance Minister has allocated Rs 2 lakh crore. For s...

July 23, 2024 12:11 PM

Union Budget 2024-25: FM Sitharaman makes big announcements for Bihar, Andhra Pradesh

Union Finance Minister Nirmala Sitharaman made significant announcements for Bihar and Andhra Pradesh on Tuesday, including enhancements in infrastructure and special financial support. The announcement targets human resource development, infrastruc...

July 23, 2024 11:53 AM

Digital tax talks in G20 spotlight as US tariff threat looms

Talks over a global tax deal are continuing well past a June 30 deadline and governments are now looking to a Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies. ...

July 23, 2024 12:04 PM

Budget 2024: The 9 key priorities

Finance Minister Nirmala Sitharaman presented the Union Budget on Tuesday, setting a new record by delivering it for the seventh consecutive year. The budget highlights nine core priorities of the government: * Agriculture * Employment * Social J...

July 23, 2024 11:43 AM

“India’s economic growth will be shining exception” FM Nirmala Sitharaman presents Union Budget 2024-25

India's economic growth remains the shining exception: FM Nirmala Sitharaman presents Union Budget 2024-25 Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 on Tuesday, highlighting India's strong economic growth and low inflati...

July 23, 2024 11:09 AM

Union Cabinet meets in Parliament ahead of Budget presentation

The Union Cabinet, led by Prime Minister Narendra Modi, convened in Parliament on Tuesday to approve the Union Budget before Finance Minister Nirmala Sitharaman presents it. Prime Minister Narendra Modi arrived at Parliament this morning to attend t...