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Tuesday, November 5, 2024
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Budget 2024 stays clear of populism, continues to create a path for fiscal consolidation

The ‘Vivad se Vishwas' scheme 2024 will provide a fresh opportunity for taxpayers who, in the absence of the settlement commission, had no options but to litigate.

Budget’s MSME push: Mudra loan limit enhanced to Rs 20L, new credit rating mechanism for smaller units

Turnover threshold of buyers for mandatory onboarding on TReDS platform will be slashed from Rs 500 crore to Rs 250 crore, finance minister announces.

Budget 2024: Venture capital fund of Rs 1,000 crore to be set up to boost space economy

This is expected to help over 180 govt-recognised space technology startups in India. Govt aims to enhance space sector development 'by 5 times in the next 10 years'.

Hostels, creches, skilling programmes — budget bats for higher participation of women in workforce

However, budgetary allocation to women and child development ministry has seen only a marginal increase from last year, to Rs 3.1 lakh crore.

Loans of up to Rs 10 lakh for higher education in domestic institutions announced in Budget 2024

6.8% increase in budget allocation for the education ministry compared to the previous fiscal. Upgrades to 1,000 ITIs and student internships in 500 top companies on the plate too.

Critical minerals push in Budget 2024: Customs duty exemption, auction of offshore minerals & more

25 minerals exempted from customs duty. Sitharaman also announced setting up of ‘Critical Mineral Mission’ for production, recycling, and overseas acquisition of mineral assets.

Budget 2024: Rs 1.52 lakh crore for agriculture & allied sectors, emphasis on natural farming

Centre, in partnership with states, will implement Digital Public Infrastructure in agriculture to cover farmers & their lands in three years, says FM Sitharaman.

Budget 2024: Outreach continues, new schemes for tribals, Rs 2.6 lakh cr outlay for rural development

Allocation for MGNREGS, however, remained the same (Rs 86,000 crore) as mentioned in the interim budget earlier this year.

Modi govt makes Rs 2 lakh cr jobs & skilling push in budget, Congress says ‘adopted’ from its manifesto

Package incorporates 5 schemes & initiatives to facilitate employment, skilling & other opportunities. Congress takes credit, citing 'sustained election campaign' against unemployment.

Govt to partner with private sector to set up small nuclear reactors, says FM in budget speech

Creating small and modular reactors indicates a departure from traditional large-scale nuclear plants, thus offering more cost-effective and flexible power solutions.

On Camera

A Donald Trump presidency threatens Indian economy. Just see his record

The chances of a trade war that raise inflation and reduce India’s economic growth are much higher under a Trump presidency.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

As IDF unveils robotic combat task force, Israeli maker says open to working with India

Using this technology, IDF carried out fully robotic combat missions, drastically reducing risk to Israeli troops. The robotic combat task force also enhanced situational awareness.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.