India: Summary of the Union Budget 2024-2025
NEW DELHI: Despite global economy remaining under the grip of policy uncertainties, India’s economic growth continues to be the shining exception and will remain so in the years ahead. Minister of Finance and Corporate Affairs, Nirmala Sitharaman, while presenting the Union Budget 2024-25 in Parliament today said that India’s inflation continues to be low, stable […]
Having two tax regimes bad idea, unacceptable: Chidambaram
NEW DELHI: Senior Congress leader and former finance minister P Chidambaram on Tuesday said having two income tax regimes is a “bad idea” that will lead to tax arbitration and people will be confused as to which one to choose. In sops for the middle class, Union Finance Minister Nirmala Sitharaman on Tuesday hiked standard […]
Mobile tariff hike:Congress blames NDA government for Rs 34,824 crore burden on public
NEW DELHI: Hitting out at the NDA-led Narendra Modi government over three private firms increasing mobile service tariffs, the Congress on Friday accused it of “fleecing” 109 crore cell phone users and asked how can the firms be permitted to unilaterally increase rates without any oversight and regulation. Congress general secretary Randeep Surjewala said it […]
Supreme Court directs SBI to make complete disclosure of electoral bonds details by March 21
NEW DELHI: The Supreme Court on Monday directed the State Bank of India to make a complete disclosure of all details related to electoral bonds, including the unique bond numbers that would disclose the link between the buyer and the recipient political party, by March 21. A five-judge constitution bench headed by Chief Justice D […]
In India, 7-phase Lok Sabha elections will begin on April 19,results on June 4
NEW DELHI: The seven-phase Lok Sabha polls, the world’s biggest election exercise, will kick off on April 19 with the counting of votes set to take place on June 4 as Prime Minister of India Narendra Modi makes a bid for a third consecutive term in office. Announcing the election schedule on Saturday, Chief Election […]
Parliament’s Budget Session begins Wednesday; last of present Lok Sabha
NEW DELHI: The Budget Session of Parliament, the last of the present Lok Sabha, begins on Wednesday with an address by President Droupadi Murmu to a joint sitting, as the government sought cooperation of opposition parties to ensure the proceedings run smoothly. All eyes will be on the President’s address and the interim budget Finance […]
Uttar Pradesh approves Amitabh Kant Committee proposals; likely to provide relief to homebuyers
LUCKNOW: The Uttar Pradesh cabinet on Tuesday approved the implementation of recommendations from the Amitabh Kant Committee report on real estate projects, in a move that could bring relief to lakhs of homebuyers in the state. The approval came after a proposal of the Industrial Development Department for the resolution of legacy stalled housing projects, cabinet […]
CAG dismisses allegations of malfeasance in transfer of officers
NEW DELHI: The CAG on Friday denied any malfeasance in the transfer of auditors connected with reports that unearthed alleged irregularities in the Centre’s flagship Bharatmala and Ayushman Bharat schemes, saying transfers and postings are a matter of administrative convenience, and attaching ulterior motives to these is highly presumptuous. In a statement, the Comptroller and […]
India world’s fastest growing economy due to Narendra Modi government’s visionary efforts: BJP
NEW DELHI: Indian economy is not only propelling the growth of the country but has also become an engine of growth for the global economy due to “concerted and visionary efforts” of the government, the BJP said on Tuesday. Addressing a press conference, BJP national spokesperson Gopal Krishna Agarwal claimed India’s gross domestic product (GDP) […]
ED director SK Mishra’s tenure extended due to FATF review, won’t continue in office after November: Modi government to Supreme Court
NEW DELHI: The Narendra Modi government (Centre) on Monday defended in the Supreme Court the third extension of service granted to Enforcement Directorate chief Sanjay Kumar Mishra, asserting it was due to a peer review being conducted by the Financial Action Task Force (FATF) this year and said he will retire this November. A bench […]
Eye on 2024 polls, Andhra Pradesh Budget allocates lion’s share for welfare
AMARAVATI: Keeping its interests in mind ahead of the Assembly elections scheduled for 2024, the Andhra Pradesh government has allocated the lion’s share of the state Budget — more than Rs 54,000 crore of the total Rs 2,79,279 crore — to Direct Benefit Transfer (DBT) schemes, targeting potential voter segments such as pensioners, farmers, students […]
Maharashtra Budget dangles carrot before people, indicates mid-term polls are near:Opposition
MUMBAI: Opposition leaders on Thursday described the Budget presented by the Eknath Shinde-led Maharashtra government as the dangling of carrot in front of people and a precursor to mid-term elections. The state Budget for 2023-24 proposed Rs 6,000 assistance to farmers and Re 1 crop insurance scheme while also offering relief in professional tax to […]
Devendra Fadnavis presents Maharashtra government’s maiden Budget in Assembly
MUMBAI: Maharashtra Deputy Chief Minister Devendra Fadnavis, who is also the state Finance Minister, on Thursday presented the Eknath Shinde-led government’s first Budget for the year 2023-24 in the state Assembly. Fadnavis started reading out the budgetary allocations in the Lower House of the state legislature at 2 pm. He read out the budgetary provisions […]
Madhya Pradesh government presents Rs 3.14 lakh crore budget; Congress stages walkout from Assembly over LPG price hike
BHOPAL:The Madhya Pradesh government on Wednesday presented a Rs 3.14 lakh crore state budget for 2023-24, even as the Opposition Congress staged a walkout from the Assembly on the issue of hike in the LPG cylinder price. Congress members including former ministers Tarun Bhanot, Vijay Laxmi Sadho and Jitu Patwari created ruckus in the House […]
Narendra Modi reviews 9 infrastructure projects worth over Rs 41,500 crore
NEW DELHI: Prime Minister Narendra Modi chaired the meeting of 41st edition of PRAGATI, the ICT based multi-modal platform for Pro-Active Governance and Timely Implementation, involving Centre and State governments, earlier today. In the meeting, nine key infrastructure projects were reviewed. Among the nine projects, three projects were from the Ministry of Road Transport & […]
Congress poses series of questions to Narendra Modi government on Adani issue
NEW DELHI: Congress asked the Narendra Modi government on Saturday if it is prudent from a national security perspective for a firm facing serious accusations of money laundering to be allowed to dominate a strategic sector like ports. Congress general secretary Jairam Ramesh, in his series of “Hum Adanike Hain Kaun” questions to Prime Minister […]