Tag: Budget 2024
Inter-ministerial group to draw up MSME scheme
NEW DELHI: The government has set up an inter-ministerial group to firm up the contours of the credit guarantee scheme for micro, small and medium…
Wish I could lower taxes to almost ‘Nil’, but India’s challenges are severe
Finance Minister Nirmala Sitharaman expressed her wish to lower taxes to “almost nil”, but acknowledged India’s severe challenges. She made these remarks while addressing students…
Budget aims to push mfg, boost India’s share in global growth: FM Nirmala Sitharaman
NEW DELHI: Finance minister Nirmala Sitharaman Wednesday said the budget seeks to strike a fine balance among several overriding priorities and will provide impetus to…
Fiscal gap at 8.1% of FY25 target
New Delhi: The Centre reported a comfortable fiscal position at the end of the first quarter, helped by the large dividend from the Reserve Bank…
Low inflation and currency can amplify GDP to $55 trillion by 2047: Krishnamurthy Subramanian
The long-term forecast of India’s growth potential misses a key variable – the currency movement. Krishnamurthy Subramanian, executive director at the International Monetary Fund and…
No change in LTCG in medium term: Revenue secretary Sanjay Malhotra
NEW DELHI: Revenue secretary Sanjay Malhotra on Tuesday ruled out any review of the long-term capital gains (LTCG) tax regime in the medium term.“For the…
Growth on track; mind public debt: World Bank chief economist Indermit Gill
New Delhi: India’s budget will help keep its growth outlook healthy, said World Bank chief economist Indermit Gill, flagging the reduction in public debt as…
Economy resilient, biz confidence improves in June: NCAER Report
New Delhi: High-frequency gauges suggest the economy remains resilient and the Business Confidence Index improved in the June quarter from the previous three months, the…
‘Govt debt may ease to 5-year low of 56.8% of GDP in current fiscal’
New Delhi: The central government’s total debt is estimated to ease to a five-year low of 56.8% of the country’s gross domestic product (GDP) in…
Budget 2024: To boost investment, Budget presents GIFT to VC funds on compliance
NEW DELHI: Venture Capital funds located in Gujarat International Finance Tec (GIFT) City will not have to disclose the source of their funds after a…