Budget 2024: Finance Minister Nirmala Sitharaman unveiled the government's plan to introduce an economic policy framework aimed at next-generation reforms to boost economic growth. The 2024-25 Budget includes support for Odisha's tourism sector and development of religious corridors. The Anusandhan National Research Fund will be operationalized to support research and innovation. Collaboration between the Centre and States will be essential to implement these reforms, covering land, labour, and capital.
Budget Fiscal Deficit Target: Finance Minister Nirmala Sitharaman aims to lower India's fiscal deficit to below 4.5% of GDP by 2025-26. The government has set a target of 4.9% for 2024-25, down from the previous 5.1%. Despite demands for more funds, tax relief, and strong tax collections, India maintains fiscal discipline to achieve economic growth goals.
As of 30-Jun-2024, promoters held 44.78 per cent stake in the company, while FIIs held 27.41 per cent and domestic institutional investors had 10.36 per cent.
Union Budget 2024: Finance minister Nirmala Sitharaman cut customs duty on gold and silver to 6% in Budget 2024 today.
India Budget 2024: Finance Minister Nirmala Sitharaman on Tuesday, while presenting the full budget for FY25, announced a 15 per cent duty cut on mobile phones and accessories.
Budget: Prime Minister Modi has said that the request from the Bihar government for external assistance from multilateral development banks will be expedited, FM Sitharaman announced while presenting the Budget.
The Relative Strength Index of the stock stood at 50.82 on Tuesday.
2024 Budget: Sitharaman's presentation clearly struck a chord with the public, showcasing how even serious budget matters can become a source of internet humour. As the internet continues to buzz with memes and commentary, it’s clear that while budget allocations are a serious affair, they also provide plenty of fodder for online fun.
Finance Minister Nirmala Sitharaman's 7th Union Budget emphasizes transforming India into a global tourism hub by developing corridors at Vishnupad and Mahabodhi Temples and promoting Nalanda as a tourist center. The tourism budget saw a 44.7% increase to Rs 2,449.62 crore for FY24. Key initiatives include supporting Odisha's tourism, promoting spiritual tourism, and improving infrastructure. Despite reduced foreign tourism promotion, the focus remains on domestic tourism and economic growth, highlighting nine priorities such as employment... Читать дальше...
New NPS Scheme for Minors: NPS in Budget 2024: Budget 2024 introduced the National Pension Scheme for Minors, known as NPS Vatsalya. This scheme will transition to a regular NPS once the child reaches adulthood, i.e., at 18 years old.
The Supreme Court issued a split verdict on the Centre's 2022 decisions regarding the environmental release of mustard hybrid DMH-11. Justices Nagarathna and Karol heard pleas challenging the GEAC's recommendations and subsequent approvals. They differed on the issue, with Justice Nagarathna calling the decisions invalid due to procedural issues, and Justice Karol supporting field trials conducted with strict safeguards.
Finance Minister Nirmala Sitharaman announced changes to the Insolvency and Bankruptcy Code (IBC) and strengthening of tribunals in the Budget speech. She proposed an integrated technology platform to enhance outcomes under the Code, an increase in debt recovery tribunals, and the development of a digital public infra application for productivity and innovation. The IBC has resolved over 1,000 cases, resulting in Rs 3.3 lakh crore to creditors, with Rs 10.2 lakh crore defaults settled since 2016.
On the technical charts, the RSI of the stock stood at 50.77.
Union Budget: This initiative aims to support pump storage projects that provide continuous energy. State-owned enterprises NTPC and BHEL will establish 800 MW supercritical thermal power plants to achieve higher efficiency.
Congress criticized Nirmala Sitharaman's internship announcement in the Union Budget 2024-25, highlighting its similarity to Nyay Patra 2024. Jairam Ramesh noted arbitrary targets and lack of focus on unemployment. The scheme offers internships to 1 crore youth over five years.
A total of 1,582 shares changed hands on the counter till 12:02PM (IST).
Talking about the success of the National Company Law Tribunals (NCLTs) under the Insolvency and Bankruptcy Code (IBC), Finance Minister Nirmala Sitharaman said that more than 1,000 companies have been resolved, resulting in the direct recovery of Rs 3.3 lakh crore for creditors. Additionally, 28,000 cases involving over Rs 10 lakh crore were disposed of even before admission.
Finance Minister Nirmala Sitharaman launched the PM Suryaghar Muft Bijli Yojana in the Budget, installing solar panels in 1 crore households for 300 units of free electricity. The 2023-24 Budget allocates Rs 7,327 crore to solar projects. The Pradhan Mantri Suryodaya Yojana, announced in January, complements the 2014 BJP Rooftop Solar Programme aimed at 40 GW by 2022.
Shares of Andhra-related stocks rose following Finance Minister Nirmala Sitharaman's pledge of Rs 15,000 crore support for Amaravati. Various companies such as Andhra Cements, Likitha Infrastructure, and KCP witnessed notable increases in their stock prices.
Budget 2024-2025: Finance Minister Nirmala Sitharaman on Tuesday said that the government will propose development of population-scale digital public infrastructure (DPI) tools by the private sector in areas of credit, e-commerce, health, law and justice, logistics, micro, small and medium enterprises (MSME) service delivery, and urban governance.
Union Budget 2024 Infrastructure Funds: Finance Minister Nirmala Sitharaman has proposed to maintain the capital expenditure target at Rs. 11.11 lakh crore for the fiscal year 2025. The government aims to support infrastructure and economic growth through strong fiscal backing. This decision aligns with the goal of making India the third largest economy and stimulating job creation.
Finance Minister Nirmala Sitharaman also said that three crore additional houses will be constructed under the PM Awas Yojana in rural and urban areas. Presenting the Budget for 2024-25 in the Lok Sabha, she said, "This year I have made a provision of Rs. 2.66 lakh crore for rural development, including rural infrastructure".
