- 01 Feb 2024 06:57 PM
- New
Budget 2024: Boost for auto PLI, sharp cut for FAME scheme
New Delhi: The interim budget for FY25 on Thursday announced an over seven-fold increase in allocation for the automotive industry's PLI scheme, but reduced the outlay for the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME) scheme by over 44%.
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- 01 Feb 2024 07:02 PM
- New
January 2024 GST Collections: ₹1,72,129 Crore, 10.4% YoY Growth
The Ministry of Finance has released the latest figures for GST collections in January 2024, revealing a noteworthy growth and marking a significant milestone in the fiscal year 2023-24.
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- 31 Jan 2024 06:09 PM
- New
Budget 2024: Expectations of individual taxpayers
As is usual around this time of the year, the expectations of the taxpayers’ skyrocket for concessions in tax and other favourable changes in the income-tax law from the budget, and this year is no different, in fact, more so, as we are in an election year. This, despite the fact, that technically the government, in an election year, is required to present a “Vote on Account" budget to get Parliament approval to tide through the government expenses until the budget is presented in July by the newly elected government.
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- 31 Jan 2024 06:06 PM
Budget 2024 expectations: From tax exemptions to lower GST, what education sector needs to achieve Viksit Bharat goals
Union Finance Minister Nirmala Sitharaman will present the Interim Budget 2024-25 on February 1. The full Budget for FY25 will be presented after the formation of the new government following the general elections. The Interim Budget will contain details about the estimated receipts and the expenditure of the government until the formation of the new government.
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- 31 Jan 2024 06:03 PM
One Nation, One Tax Dream: Can Budget 2024 address GST complexities and pave the way for a truly unified tax regime?
Finance Minister Nirmala Sitharaman will present the interim budget on Thursday (February 1). Expectations for Budget 2024 include advocating for a progressive tax structure, targeted relief for SMEs, promoting digital transactions, and reviewing the GST structure. Tax incentives for sustainable practices and strategic investments in social sectors are also proposed.
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- 31 Jan 2024 05:59 PM
Budget 2024 Expectations: Lower ATF price, income tax to boost India's travel & tourism: Rajesh Magow of MakeMyTrip
Finance Minister Nirmala Sitharaman will unveil the Interim Budget for the financial year 2024-2025 (FY25) on February 1, 2024, which is likely to keep the focus on sustaining nominal economic growth, but may not involve any major policy changes.
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- 29 Jan 2024 05:35 PM
CBI Arrests Odisha GST Superintendent for Rs. 20,000 Bribery Scam
Introduction: In a significant development, the Central Bureau of Investigation (CBI) has apprehended a Superintendent of GST in Rourkela, Odisha, on charges of bribery. The case revolves around the official allegedly demanding a bribe of Rs.50,000 to correct an erroneously fixed GST liability of Rs.8 lakh to Rs.3.5 lakh for the complainant. Negotiations led to the accused agreeing to accept a partial bribe amount of Rs.20,000 as the first installment.
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- 25 Jan 2024 05:47 PM
Budget 2024 Expectations LIVE Updates: ITR, GST, Online gaming player, healthcare and other sectors voice their wishlist
Budget 2024 Expectations Live Updates: With the forthcoming Budget 2024 in India generating heightened anticipation, a wide spectrum of sectors looks forward to the announcements and fiscal policies from FM Nirmala Sitharaman that will influence their unique domains. Ranging from agriculture, infrastructure, and healthcare to education, finance, and manufacturing, each sector harbors specific expectations regarding allocations and reforms. United in their fiscal agenda, these sectors express their collective aspirations for a budget that propels growth, fosters innovation, and enhances societal well-being.
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- 25 Jan 2024 05:41 PM
Cut deficit to 5.4% in FY25: Ind body to govt
Source: https://www.livemint.com/economy/cut-deficit-to-5-4-in-fy25-ind-body-to-govt-11706119216028.html
New Delhi: The government should stick to its fiscal deficit target of 5.9% in the current financial year and aim to narrow this to around 5.4% in FY25, a goal that would require boosting revenue receipts and rationalizing spending, industry lobby Confederation of Indian Industry (CII) said.
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- 25 Jan 2024 06:20 PM
Interim Budget 2024: Would like FM to look into GST reduction, export policy reforms: APL Apollo
Interim Budget 2024: The union budget is to be presented by the Finance Minister on 1st February. It will be an interim budget this time since the general elections are to be held in May this year. Though probabilities remain low on any spectacular announcements, nevertheless expectations of some adjustments does remain alive.
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