Dive into the highs and lows of India's Union Budget 2024! From tax reforms to employment perks, discover what’s buzzing!
The much-anticipated Union Budget 2024 has made waves with its mix of excitement and skepticism. As Finance Minister Nirmala Sitharaman addressed the Lok Sabha, the crowd witnessed an impressive seventh speech filled with vital proposals. This year's budget aims to ignite economic growth, promote job creation, and even make your tax filings more straightforward with rationalized tax slabs under the new regime. But is it as rosy as it sounds? Industry stalwarts like Kumar Mangalam Birla have lauded efforts, while others, like economist Jahangir Aziz, argue there's still a lot more work to be done in skilling and infrastructure development.
One standout change is the new income tax structure, which has been made more attractive with tweaks in the tax slabs and a higher standard deduction — finally, a reason to celebrate tax day! Additionally, freshers stepping into the job market can look forward to an extra month’s salary thanks to employment-linked incentives. It's like getting a surprise paycheck that feels like a superhero's booster pack! If you’re worried about how this budget impacts property transactions, keep your eye on the proposed changes. It affects homeowners differently based on when they bought or inherited their properties, leading to some confusion and concern across boardrooms and household discussions.
The railway sector's allocation of ₹2,62,200 crores is jaw-dropping, marking a significant investment in improving connectivity and infrastructure. As the government embarks on ambitious projects to modernize Indian railways, one can't help but imagine new train journeys like Zoomers on the move! Meanwhile, in the mutual fund arena, the hike in long-term capital gains tax may have investors sweating. The stakes just got higher for those holding on to their investment portfolios! As we navigate through Budget 2024, one can't help but notice the mixed reactions from various sectors. Some industry leaders are singing praises, while others express disappointment over perceived shortcomings. Interestingly, this budget has drawn attention to the critical role of youth and students, with schemes to uplift first-time job seekers — officially marking India as not just growing older but also younger!
To close it off, here’s a little trivia: Did you know that this is the first budget presented under a government after its third term? Additionally, Nirmala Sitharaman’s symbolic off-white Mangalagiri sari also makes headlines, reflecting a blend of tradition and modernity in the world of finance. Budget 2024 isn’t just about numbers; it's about showcasing India's unique cultural narrative in every thread!
From left and clockwise: Nirmal Jain, Founder, IIFL Group; Kumar Mangalam Birla, Chairman, Aditya Birla Group; Jairam Varadaraj, Managing Director of Elgi ...
Budget 2024 Key Highlights Live Updates: Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 in the Lok Sabha today.
Income tax changes in Budget 2024: On the personal income-tax front, the tax slab rates have been rationalised only under the new tax regime.
Income tax changes in Budget 2024: Slab tweaks and higher standard deduction will make new tax regime more attractive.
The sequel to February's Interim Budget has finally arrived. The Interim Budget was just a placeholder, keeping things steady until a new government took ...
India Business News: Dressed in an off-white Mangalagiri sari with a purple-golden border, finance minister Nirmala Sitharaman on Tuesday presented her ...
Nirmala Sitharaman became the first finance minister to present seven consecutive budget speeches, surpassing former prime minister Morarji Desai's record of ...
संसद में पेश हुए केंद्रीय बजट का विपक्षी दल विरोध कर रहे हैं। सपा प्रमुख ने कहा डबल इंजन की सरकार है तो डबल लाभ मिलना चाहिए ...
Jahangir Aziz from JPMorgan criticized India's Budget for its narrow focus on infrastructure and insufficient skilling funds. It positively impacted bonds ...
केंद्रीय बजट 2024-25 में भारतीय रेलवे के लिए बंपर बजट एलोकेशन हुआ है। रेलवे के विकास के लिए अभूतपूर्व 2,62200 करोड़ रुपये का ...
The Union Budget 2024-25 effectively splits property sellers into two categories: those who purchased or inherited properties before 2001 and those who did ...
The long-term capital gains tax on equity-oriented investments will also be spiked from 10 per cent to 12.5 per cent from July 23, 2024.
Budget 2024 Live Updates: Finance Minister Nirmala Sitharaman's Union Budget 2024 saw her announcing several key projects across agriculture, manufac.
Union Budget 2024 TCS TDS: वित्त मंत्री निर्मला सीतारमण ने बजट 2024 की घोषणा में टीसीएस यानी टैक्स कलेक्शन ऐट सोर्स प्रस्तावों से नाराज ...
Budget 2024: As part of the Centre's employment-linked incentive scheme, first-time employees in the formal sector will be offered one month's salary as ...
Budget LIVE news, Budget highlights: Nirmala Sitharaman presents the 2024 Union Budget. Follow the key takeaways and highlights from the Hindu.
One of the key focuses in the first budget of the third Narendra Modi Government was youth and students. Finance Minister Nirmala Sitharaman announced ...
Mumbai and the National Capital Region (NCR) are likely to be hit the most by Budget 2024 property indexation benefit loss, said analysts at CLSA in a note.
I. Long-term capital gains (LTCG) tax on the sale of listed equity shares, equity-oriented mutual funds and business trust (section 112A) has been raised from ...
Finance Minister Nirmala Sitharaman announced effective tax adjustments from July 23, 2024: short-term gains at 20%, long-term at 12.5%.
Ultratech and Ramco have the highest installed capacity share in Andhra Pradesh and the Southern region; increased capex spend in these regions should bode ...
Budget 2024: Radhika Gupta, MD and CEO of Edelweiss Mutual Fund discussed in detail the changes in mutual fund taxation following the Union Budget 2024.
Union Budget 2024 analysis: The government has laid out a clear vision for 'Viksit Bharat' by addressing key areas - agricultural reforms, ...
Opinion on Union Budget 2024 by PB Balaji, Tata Motors CFO: Focus on growth, infrastructure, auto industry, and green energy.
The Union Budget 2024 promotes the New Tax Regime with higher rebates and deductions, aiming to attract taxpayers. Proposed changes include increased ...
A significant move is the proposal allowing salaried employees to claim credit for Tax Collected at Source (TCS) against TDS deducted on salaries.
Nirmala Sitharaman's budget focuses on job creation, infrastructure, reducing deficit (4.9% GDP), defense (6.2 trillion rupees), youth reskilling, ...
In the budget on Tuesday, customs duty on gold has been reduced, bringing the total duty from 15% to 6%. Previously, gold and silver carried a 15% duty, ...
Budget 2024025 is a distinct attempt to tell India's voters that it has heard the angst-ridden message from the country's unemployed youth loud and clear.
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On takeaways for medium to long-term investors of the Indian stock market, Manish Chowdhury, Head of Research at StoxBox, said, “The key highlight of the budget ...
Budget 2024 Live Updates: FM Nirmala Sitharaman is announcing the Modi 3.0 govt's Budget. She makes history as the first finance minister to present 7 ...
The focus on the rural economy and job creation is also anticipated to translate into broader consumption, which will cheer retailers and FMCG companies ...