Tag: Budget 2024

Budget 2024 decoded: Imports under FTAs made easy with self-certification
Posted in Economy

Budget 2024 decoded: Imports under FTAs made easy with self-certification

New Delhi: In a move to make imports easier under free trade agreements (FTA), the government has proposed to accept self-certification to prove the origin…

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PLI expanded to 16 sectors, Budget allocation at Rs 16k cr
Posted in Economy

PLI expanded to 16 sectors, Budget allocation at Rs 16k cr

New Delhi: The budget expanded the production-linked incentive (PLI) scheme to cover toys and footwear, enhancing the sectoral coverage to 16 while increasing allocations for…

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Challenge is to provide more clarity to our relationships with China: NITI Aayog vice chairman Suman Bery
Posted in Economy

Challenge is to provide more clarity to our relationships with China: NITI Aayog vice chairman Suman Bery

India will not find it easier to cut itself off from the Chinese economy as China remains an important trading partner and unfortunately, an important…

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Budget 2024: ET Q&A: Reforms to allow development without taking land away, says Ajay Seth
Posted in Economy

Budget 2024: ET Q&A: Reforms to allow development without taking land away, says Ajay Seth

Employment remains the overwhelming theme but the budget is more than that, economic affairs secretary Ajay Seth told Banikinkar Pattanayak and Deepshikha Sikarwar in an…

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Posted in Economy

Union Budget: Budget 2024: Increased outlay of Rs 10,000 cr win-win for farmers & consumers

The record budget allocation of ₹10,000 crore for price stabilisation will be used to augment procurement of pulses, onions and other essential food items by…

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Customs duty on gold: Customs duty structure review to focus on reducing number of rates: Revenue Secretary
Posted in Economy

Customs duty on gold: Customs duty structure review to focus on reducing number of rates: Revenue Secretary

The government is looking at bringing down the number of customs duty levies to five from about a dozen presently, as part of the duty…

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Finance Secy highlights divestment plans, says won't announce in advance as govt wants best value for public companies
Posted in Economy

Finance Secy highlights divestment plans, says won’t announce in advance as govt wants best value for public companies

The government will not pre-announce the timing of its divestment plans for FY25 to ensure its best value for public companies, said Finance Secretary TV…

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Nirmala Sitharaman pictured at the Lok Sabha on July 23, with the Union Budget
Posted in Business

Union Budget 2024 reforms of the new tax regime may reduce tax burden and allow option to choose again

Finance Minister Nirmala Sitharaman presented the Union Budget 2024 in the parliament on July 23, proposing new changes in the income tax slabs of the…

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Budget 2024: Cut in customs duty, credit guarantee scheme for MSMEs to help boost mfg, exports: Experts
Posted in Economy

Budget 2024: Cut in customs duty, credit guarantee scheme for MSMEs to help boost mfg, exports: Experts

New Delhi: The Budget announcements such as cut in customs duties on range of goods, credit guarantee scheme for MSMEs and setting up of e-commerce…

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Govt may cut borrowing if small saving inflows are high, official says
Posted in Economy

Govt may cut borrowing if small saving inflows are high, official says

MUMBAI: India could look at cutting gross borrowing later in the financial year if inflows into national small saving schemes (NSSF) are high, Economic Affairs…

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