Indian Finance Minister Nirmala Sitharaman presented the Union Budget 2024 in Parliament on Tuesday, marking her seventh consecutive budget. Bringing cheer to consumers, she proposed a series of cuts on the customs duties levied on various items. “My proposals for customs duties intend to support domestic manufacturing, deepen local value addition, promote export competitiveness and ...

The Indian government, under the leadership of Prime Minister Narendra Modi, has come up with a new plan called ‘Purvodaya.’ The plan aims to ensure the growth of eastern India in several ways. Purvodaya means “the rise of the East” in Hindi. The Purvodaya plan will focus on five states in eastern India: 1. Bihar ...

The Lok Sabha, the Lower House of the Parliament of India, began its session. Here is all that happened in the lower house: 1. Economic Survey: A mega report on how the economy of India has been performing was shared by the government. This report takes stock of what could potentially go on at this ...

Indian Finance Minister Nirmala Sitharaman holds a folder containing Union Budget documents outside the Ministry of Finance in New Delhi India on July 23,2024. The Union Budget 2024-25 will be presented in the parliament by the country’s finance minister Nirmala Sitharaman (photo:pallav paliwal)

Union Finance Minister Nirmala Sitaraman gave a preview about the Economic Survey 2023-24 before the Lok Sabha today. The survey showed India’s real Gross Domestic Product is expected to grow by a rate between 6.5% and 7% in the current year of 2024-25. The economic survey was released before the Indian Union Budget. The growth ...

As India gets ready for its new budget, many people from different fields are sharing what they hope to see. President Murmu has called this budget potentially “historic.” Let’s look at what some experts are saying. Healthcare Hopes: More Support for Research and Lower Taxes Dr. Harshit Jain, who runs a company called Doceree, thinks ...

As the Budget approaches taxpayers are eager to see what benefits the Finance Minister might announce. One key area of interest is the potential increase in the standard deduction limit. Reintroduced in the 2018 Budget, the standard deduction of Rs 40,000 for salaried individuals replaced the earlier travel allowance (Rs 19,200) and medical deduction (Rs ...

India recently announced a big budget for Jammu and Kashmir for the year 2024-25. The budget is about $14.16 billion (₹1.18 lakh crore).  The budget for Jammu and Kashmir is almost 4.72 times bigger than the IMF’s help to Pakistan. This is a lot more than the $3 billion bailout Pakistan got from the International ...