Interim Budget 2024: Finance Minister says it will take India-Middle East-Europe Economic Corridor forward
Interim Budget 2024 Live:Finance Minister Nirmala Sitharaman On the subject of India-Middle East-Europe Economic Corridor, Union Finance Minister Nirmala Sitharaman said, “Well, it has been announced and we are taking it forward. Yes, there is a significant unrest in the Red Sea region and the Middle East. ” But this is a project that has long-term implications for the entire region, up to Europe, because it includes Europe. So, yes, we will take this project forward. We will consult and take it forward in all its contours. ,
Hinduja Group Chairman says populism has been shunned in the budget, a runway has been created for the flight of developing India
The interim budget laudably rejected any populist measures often adopted by governments. But India can certainly do more on its infrastructure capital expenditure budget, which has grown at a nominal 11%. Some bold measures are needed to further increase the annual FDI level of $60 billion. For a developing India with improved sovereign ratings, it is imperative to further boost digital infrastructure along with banking and power sector reforms. Overall, stability and continuity with judicious acceleration are the wheels deployed to get this flight started through this interim Budget. Now, it is till July 2024,” says Gopichand P Hinduja, chairman of Hinduja Group.
Interim Budget 2024 Live: Center to table white paper in House, says Finance Minister
Interim Budget 2024 Live FM Sitharaman said that a white paper on the economic performance of the last 10 years compared to the previous 10 years will be tabled in the House. “The government has received the trust, confidence and blessings of the people on the basis of its exemplary track record of GDP i.e. governance, development and performance,” he said.
Union Budget 2024 Live: On track to meet 4.5% fiscal deficit by FY26, says Finance Minister
“Every month, you get reports coming out, so the budget process has become absolutely transparent, we are in the process of keeping everything that comes in the budget and nothing is kept aside or under it. So, our fiscal deficit is 5.8 per cent for 2023-24 which is much lower than the Budget Estimate of 5.9 per cent; similarly, we have given 5.1 per cent as fiscal deficit for 2024-25. This clearly indicates that we will We are on track to meet the target set in FY 22 and we are also on track to meet the fiscal deficit at 4.5 percent or less by FY 2026, Finance Minister Nirmala Sitharaman said.
Interim Budget 2024 Live Updates: India’s GDP ratio is lowest among G20 countries, says Finance Secretary.
Finance Secretary TV Somanathan says India’s net gross domestic product (GDP) ratio is the lowest among G20 countries.
Budget 2024 Live: FM emphasizes PM Modi’s ‘directive talks’
FM Sitharaman emphasized Prime Minister Narendra Modi’s ‘guidelines’ that guided the principles of the budget presented earlier today: These are:
-Social justice, essential governance model
-Focus on the poor, the poor, women and youth
-Focus on infrastructure
-Using technology as an opportunity
-High Power Committee on Population Growth and Demographic Challenges
FM Sitharaman says GDP means governance, growth and performance
Finance Minister Nirmala Sitharaman says, “This is the interim budget presented just before the elections. GDP stands for governance, growth and performance. In terms of governance, this budget speaks to the position where we have grown. We have The economy has been managed well.” Intentions, right policies and right decisions, so it is governance with caution. D stands for people living better, earning better and having higher aspirations for the future and if I go to ‘P’ the performance is growing rapidly with 7% growth in three consecutive years. “In the G20, all parts of the country are participating in the development of the economy.”
Interim Budget LIVE: Finance Minister said, the government managed the economy with the right intentions.
FM Sitharaman says this budget speaks to the situation where we have delivered.
Interim Budget Live: Finance Minister said, despite challenges, the government reduced the fiscal deficit.
Interim Budget 2024 Update: NITI Aayog CEO Amitabh Kant says Budget 2024 is inclusive for all.
Budget 2024 reflects India’s commitment to achieve strong growth: Pankaj Kalra, CEO, EOGEPL
Pankaj Kalra said, “The budget announced reflects India’s commitment to achieving strong growth and economic resilience. The government’s special emphasis on developing the potential of the eastern region as a key driver of India’s growth will help India transition to a gas-based economy. “Perfectly matches our vision of creating.” , CEO, EOGEPL.
BSE CEO says Budget 2024 emphasizes fiscal products, leaves room for private capital investment
“In this Interim Budget the Hon’ble Finance Minister has once again presented a responsible, innovative and inclusive Budget. This Budget emphasizes fiscal products and gives space for private capital investment in India’s growth. The trends of the last 10 years Continuing, Sundararaman Ramamurthy, MD & CEO, BSE, said, FM has once again laid the foundation of a very strong path forward for India by focusing on areas of national importance.
Interim Budget 2024 Live : Finance Minister Sitharaman emphasizes on development of iconic tourist destinations in interim budget speech
Finance Minister Nirmala Sitharaman today said states will be encouraged to develop iconic tourist destinations. The Minister said that long term interest free loans will be provided to the states on an equitable basis to finance the development of iconic tourism centers and their branding and marketing globally. Read more on this topic here.
Government’s steps will boost real estate sector, housing scheme is noteworthy: Chairman, NAREDCO Maharashtra
“Particularly noteworthy is the announcement of a new housing scheme for the middle class. This initiative aims to address the housing needs of people living in substandard conditions like slums and chawls or burdened with rent. Home ownership By providing the facility, the government not only wants to improve the standard of living but also wants to encourage the real estate sector and related industries,” says Sandeep Runwal, Chairman, NAREDCO Maharashtra.
Sensitivity prioritized over populism in interim Budget 2024 by FM Sitharaman: President, Equity, Edelweiss MF
“In an election year, the Budget strikes a balance by prioritizing sensitivity over populism. It reflects India’s unwavering commitment to infrastructure development along with firm adherence to fiscal prudence. This paves the way for sustained growth , thereby moving the nation on a trajectory towards achieving a developed economy by 2047.” says Trideep Bhattacharya, President and Chief Investment Officer-Equities, Edelweiss MF.
Interim Budget 2024: What did Finance Minister Nirmala Sitharaman say about income tax in her budget speech?
Interim Budget 2024 Live FM Sitharaman highlighted that the number of returns filed has increased by 2.4 times in the last ten years and the Center appreciates taxpayers “for their support”.
“Under the new tax scheme, there is now no tax liability for taxpayers with income up to Rs 7 lakh, which was Rs 2.2 lakh in FY 2013-14,” Sitharaman said. He said that in the last five years, the Centre’s focus has been on improving services to taxpayers using reforms like faceless assessment, updated income tax returns and new Form 26AS. Read more about it by clicking on this link.
Union Budget 2024: This is a good place; Will create new opportunities for the youth: PM Modi
Finance Minister Nirmala Sitharaman, in her speech on the interim Budget 2024, announced a scheme to help those living in rented accommodation or slums to buy houses. “PM Awas Yojana’s commitment to rural, with a target of construction of 20 million additional houses continues the government’s focus on rural development. Achieving the target of 30 million houses under the Rural Awas Yojana and an ambitious target for the next 5 years The allocation represents “a significant investment in infrastructure development that addresses a basic need – housing,” said Sandeep Runwal, Chairman, NAREDCO Maharashtra.
Interim Budget 2024 empowers four pillars of ‘Developed India: Youth, Poor, Women and Farmers’: PM Modi
In his first remarks after the Budget, Prime Minister Narendra Modi said the interim budget presented in Parliament by Finance Minister Nirmala Sitharaman is ‘inclusive and innovative’. Saying it will empower all four pillars of a developed India: youth, poor, women and farmers, the budget ‘guarantees to make India a developed nation by 2047,’ PM Modi said.
Interim Budget boosts skill development of India’s youth
In the Interim Budget 2024 Live Update, emphasis has been laid on skill development and providing employment opportunities. The Finance Minister in his speech said that under the Mission, the Government is implementing various skill development schemes across the country through more than 20 Central Ministries/Departments. Pratham Barot, CEO and Co-Founder, ZELLE, says, ‘The achievements of the Skill India Mission, which include training 14 million youth, upskilling and re-skilling 5.4 million individuals and setting up 3000 new ITIs, are substantial in the education sector. Indicates growth. Education