finance minister

Pawan Munjal, Executive Chairman of Hero MotoCorp, expressed confidence in the budget's potential to stimulate consumption, attract substantial investments, and stabilize inflation while maintaining a focus on economic growth and fiscal responsibility.

NEW DELHI: Finance Minister Nirmala Sitharaman unveiled the Union Budget 2024 on Tuesday where one of the most significant aspects for the health sector was exempting three cancer drugs have beenfrom custom duties, which will result in cost reduction of the drugs. The exempted cancer drugs include Trastuzumab Deruxtecan, Osimertinib, and Durvalumab, which are primarily […]

NEW DELHI: Finance Minister Nirmala Sitharaman announced the government’s goal to increase women’s engagement in the workforce while presenting the Union Budget by establishing working women hostels. This focus comes as a part of government’s focus towards the four classes including the poor, women, youth, and farmers. The Budget allocates nearly ₹3 lakh crore for […]

Finance Minister Nirmala Sitharaman in her Budget 2024 speech announced a substantial allocation of ₹1.52 lakh crore for the agriculture and allied sectors in the fiscal year 2024–25.

NEW DELHI: In the Union Budget 2024 presented on July 23, Tuesday, Finance Minister Nirmala Sitharaman announced significant changes to the capital gains tax rates on equity investments, a move expected to impact investors and market dynamics.  The short-term capital gains (STCG) tax on equity investments held for less than a year will increase from […]

NEW DELHI: The budgetary allocation for the civil aviation ministry has been significantly reduced for the fiscal year ending March 2024. Presenting the Union Budget 2024-25, Finance Minister Nirmala Sitharaman announced an allocation of ₹2,357.14 crore for the ministry, a decrease from the revised allocation of ₹2,922.12 crore for 2023-24. The regional air connectivity scheme, UDAN […]

NEW DELHI: Union Finance Minister Nirmala Sitharaman announced a significant reduction in the basic customs duty on mobile phones, mobile chargers, and precious metals including gold and silver during the presentation of the 2024 Union Budget on July 23, Tuesday. Sitharaman revealed that the basic customs duty on mobile phones and accessories would be cut […]

NEW DELHI: Finance Minister Nirmala Sitharaman presented the Economic Survey 2023-2024 in the Lok Sabha on Monday, highlighting the robust industrial growth that has propelled India’s economy to an impressive 8.2% growth rate in FY24. This sets the stage for the Union Budget 2024, which is scheduled to be tabled on Tuesday. The survey reported […]

Union Finance Minister Nirmala Sitharaman announced several key decisions after the 53rd GST Council meeting aimed at curbing tax evasion and promoting uniformity in taxation, including the pan-India rollout of Aadhaar-based biometric authentication to curb fake invoicing.

Union Finance Minister Nirmala Sitharaman chaired the 53rd GST Council meeting in Delhi on June 22, marking the first such gathering since the formation of the new government.