#Union Finance Minister

[todayworldnews2k21]

FM Sitharaman Meets G20 Expert Group Member Prof Stern On Strengthening Multilateral Development Banks

New Delhi: Union Finance and Corporate Affairs Minister Nirmala Sitharaman, in a key meeting in New Delhi, held discussion with Prof. Nick Stern, a member of the G20 Independent Expert Group on strengthening Multilateral Development Banks (MDBs). The meeting focused on global development issues, particularly the role of MDBs and the importance of climate finance and technology transfer to…

[rightnewshindi]

केंद्रीय वित्त मंत्री के बजट में दलितों की हुई अनदेखी, एससी-एसटी संगठनों ने राष्ट्रपति को भेजा ज्ञापन

Chmaba News: अनुसूचित जाति एवं अनुसूचित जनजाति से संबंधित विभिन्न संगठनों ने केंद्र सरकार पर अनदेखी का आरोप लगाया है। पदाधिकारियों ने बताया कि केंद्रीय बजट में इन श्रेणियों को पूरी तरह नजरअंदाज किया गया है। उन्होंने उपायुक्त मुकेश रेपसवाल के माध्यम से राष्ट्रपति को ज्ञापन भेजा। आंबेडकर मिशन सोसायटी चंबा के अध्यक्ष योगेश्वर अहीर ने कहा कि आज पूरे भारत में केंद्रीय मुख्य संस्थाओं के आह्वान पर…

[head-post]

Former Goldman Sachs chief becomes German finance minister

Jörg Kukies, Chancellery State Secretary, will replace Christian Lindner as Germany’s finance minister following the collapse of the ruling coalition on Wednesday night, public broadcaster ARD and several other German publications reported Thursday morning.

Jörg Kukies worked for investment bank Goldman Sachs for several years, then as a state secretary at the German Finance Ministry before moving to the federal chancellor’s office in 2021. He is considered an important economic adviser to Olaf Scholz. Among other things, he negotiated the outcome documents at the G7 and G20 summits on behalf of the Chancellor.

The news that Olaf Scholz had fired Christian Lindner after weeks of wrangling over the government’s economic policy and next year’s budget became known in the evening of  November 6. The chancellor explained that the former finance minister had “too often” undermined his confidence and refused to compromise. The basis for co-operation with the Free Democratic Party of Germany (FDP) led by Mr. Lindner is no longer available, Mr. Scholz concluded.

Following this, all FDP ministers – Justice, Education and Transport, Research and Education – left the government. German Vice Chancellor Robert Habeck has recognised the collapse of the ruling coalition of the SPD, the Greens and the FDP. Olaf Scholz intends to ask the Bundestag for a vote of confidence in January, after which snap parliamentary elections may be necessary. They could take place by the end of March 2025 – more than six months ahead of schedule.

Read more HERE

[trendynewsnow]

Political Turmoil in Germany: Coalition Government Collapses

Political Turmoil in Germany: A Coalition’s Collapse In a stunning turn of events, Chancellor Olaf Scholz announced the dismissal of his finance minister on Wednesday, effectively signaling the end of his three-party ruling coalition. This decision has sent shockwaves through Germany’s political landscape, leaving his center-left government vulnerable just as the election of Donald J. Trump in…

[thehansindiaseo]

Stop levying tax on uncertainties of life

Union Minister of Road Transport and Highways Nitin Gadkari has urged Union Finance Minister Nirmala Sitharaman to consider withdrawing 18 per cent goods and services tax (GST) on life and medical insurance premiums. It is really a great move that should be supported by everyone, both those who buy insurance policies and those who intend to buy, and even those who sell, should back the suggestion of Gadkari.

[vinaydogra]

Recently Union Budget of the Year 2024 was passed and announced by Finance Minister Nirmala Sitaraman. This time with the theme of Viksit Bharat, it has led an ambitious roadmap for our nation’s progress. With ample of changes being aimed at boosting the economy, to address the key factors, youth and addressing the stakeholders as well. The budget is aimed at making a developed India.

[dhallblogs]

Government Allocates Rs 1.48 Lakh Crore for Education and Employment Initiatives.

New Delhi: In the Union Budget 2024, Finance Minister Nirmala Sitharaman has announced a significant allocation of Rs 1.48 lakh crore towards education, employment, and skill development. This funding is aimed at enhancing the quality and reach of educational and training programs across the country.

ALSO READ MORE- https://apacnewsnetwork.com/2024/07/government-allocates-rs-1-48-lakh-crore-for-education-and-employment-initiatives/

[demiumresearch]

What can salaried employees expect from Budget 2024? #unionbudget2024 ... What to expect from Budget 2024 for salaried employees? * Finance Minister Nirmala Sitharaman to present the Union Budget for 2024-25. * Sitharaman becomes the first Finance Minister to present seven consecutive Union Budgets. * Budget expected in the second half of July. * High expectations for taxpayers, especially salaried employees seeking tax relief. * Key demands include lower tax rates, revised slabs, and higher deductions. * Call for expansion of the 50% HRA exemption to more non-metro cities. * Expectation of an increase in the Section 80C deduction limit for investments in life insurance, PPF, FD, and ELSS. * Prediction of a rise in the new tax regime’s exemption limit. * Deduction under Section 24(b) for home loan interest expected to increase from Rs 2 lakhs to Rs 3 lakhs. Join us at demiumresearch.com, or call 7030916716 today. Let's make your money work smart! . . . . . . #unionbudget #financeminister #nirmalasitharaman #invest #nifty #investor #sharemarket #financialfreedom #trader #sensex #stock #wealth #nse #bse #stockmarketindia #stockmarketnews #salariedemployees #employee #insurance

[merisarkar]

Union Budget: No change in tax structure, FM sticks to path of fiscal consolidation

Union Finance Minister Nirmala Sitharaman presented the Modi 2.0 government’s last Budget before the general elections on Thursday. The interim budget has a mix of measures for the economy and significant segments for women that are important from the point of voters’ pull. The Finance Minister, in her budget speech, said the government was focused on Poor, Women, Youth and Farmers, and it was…

[shaktiknowledgeblog]

Nirmala Sitharaman | finance minister nirmala sitharaman | nirmala sitharaman news | nirmala sitharaman union budget | Finance Bill

Government gave a strong shock to investors, now debt will have to be paid on mutual funds. Tax like FD The bill proposed that from April 1, mutual funds associated with investment in bonds or fixed-income products would incur short-term capital gains tax. The Finance Bill has passed in the Lok Sabha on Friday amid uproar in Parliament। The government has made several major changes in this…

[wondercementpvtltd]

Importance of the cement industry in the Indian economy and Infrastructure growth

The Indian cement industry is one of the oldest sectors in India. With the immense growth in the housing sector, the cement industry plays a crucial role in the growth and development of the Indian economy and infrastructure. There are speculations that in the year 2023, the Indian cement industry will close around 380 million to 390 million tons of production. With the employment of up to 2 million people, India is just behind China in terms of cement production. In the coming future, India will soon overtake China in terms of cement production and will contribute significantly to the country's gross domestic product (GDP).

One of the key drivers of the Indian economy is the construction and real estate sector, which is heavily dependent on the availability of cement. With a rapidly growing population and urbanization, the demand for housing, commercial buildings, and infrastructure projects is increasing, leading to a corresponding increase in the demand for cement. Though due to huge demand, real estate might experience a hike in cement prices but the government will still focus on affordable housing and improving the country's infrastructure.

According to the report made by CARE advisory India's cement production and consumption grew by 11% in the financial year 2023 (April to November) on a year-on-year basis. In the Union Budget 2023, Finance Minister Nirmala Sitharaman announced a hike of 33% in the infrastructure project, which means that the Indian cement industry is expected to grow in 2023 due to increasing demand from the construction and real estate sectors.

The Indian cement industry is contributing significantly to the circular economy by expanding the use of renewable energy in the production of electrical power. A firm has set a goal to meet 100% of its electrical energy demands using renewable energy by 2030. Apart from this, the government is also promoting advanced technologies and alternative fuels to reduce emissions and improve efficiency. The adoption of green technologies and best practices has not only helped reduce the industry's carbon footprint but has also resulted in cost savings and improved competitiveness.

The Indian cement industry has continued to grow and expand, reflecting the underlying strength of the Indian economy and the government's commitment to infrastructure development. The industry has attracted significant investment in recent years, with both domestic and international companies setting up new plants and expanding existing ones.

Various plans which were launched by the government on infrastructure development, coupled with the increasing demand for housing, have resulted in a steady demand for cement. The Indian government has launched various initiatives to improve the infrastructure of the country, such as the Pradhan Mantri Gram Sadak Yojana, the Swachh Bharat Abhiyan, and the Smart Cities Mission, among others. The investment in these initiatives has increased the demand for cement, leading to the growth of the cement industry.

In conclusion, the Indian cement industry is a vital part of the country's economy and infrastructure growth. Its contribution to the construction and real estate sector, as well as its linkages with other industries, has helped drive economic growth and development. The cement suppliers regularly face challenges, such as competition from imports and the shortage of raw materials, but have responded by adopting new technologies and alternative materials, and have continued to grow and expand. The government's focus on affordable housing, and infrastructure development through Union Budget 2023, as well as its efforts to promote the use of green technologies, will continue to provide support to the industry and ensure its continued growth and success.

[freyrenergyservice]

Solar Energy and the Union Budget 2023 - An Overview:

India is growing, and with development comes the requirement of making the country more dependent on solar energy. India is driving exponential growth in the sector, but we still need to reach the 2030 target.

The current scenario and Union Budget:

Solar Energy holds a considerable share of approximately 36% of India's installed renewable energy capacity. On the other hand, Hydropower plants and wind energy have 31 and 25 per cent of shares, respectively.

The government is trying to help the sector with different policies and reductions in the prices of raw materials, which have led to a tremendous increase in the overall capacity the previous year, but a lot more is needed to meet the required needs.

Here are some of the highlights of this year's budget that will impact the solar sector in India:

The Union Finance Minister of India allocated Rs 10,222 crore for the renewable energy sector. A vast amount of this allocation will be given to solar energy and solar panel set-ups.

On average, this is an increase of 48 percent from last year's allocation.

A focus is made on "green growth", which will include boosting the usage of green fuel, farming, and even green energy.

Solar energy will play a significant role in "green growth", reducing carbon emission intensity and dependency on fossil fuels for energy.

Green Energy is the main focus:

Green energy remains the government’s focus, and India is looking towards solar energy to meet its goals. Moreover, with more and more battery and pump storage, renewable energy sources will be boosted.

Green Energy is one of the 7 top priorities in the 2023 budget. Making India free from harmful carbon emissions and creating green jobs is a part of the budget. In addition, an amount of Rs. 35,000 Cr. Is earmarked as a capital investment for the energy transition, which can be a game changer. The final goal here is to boost the Net Zero journey, which focuses on zero dependence on non-renewable sources of energy.

With the help of Green energy, dependence on carbon and other forms of non-renewable sources of energy will become lesser and lesser. It will be very beneficial in saving the environment and fossil fuels; on the other hand, it will significantly relax the Indian economy.

Massive investment for a sustainable future:

The considerable investment made by the government in this year's budget is not only going to give a significant boost to the Indian economy, but on the other hand, it is also going to create numerous opportunities. It will help provide more dependence on domestic and indigenous products regarding energy production and, on the other hand, will create new job opportunities for people in the field. Union Budget 2023 aims to make India among the established leaders in the global green energy transition.

The government has highlighted not only the production of renewable energy, such as solar energy, but also has focused on processing and storing this energy. Therefore, with such remarkable findings, one can get easy and affordable solutions that enable renewable energy processing and make India more dependent on it.

The union budget also focuses on improving the infrastructure for the renewal of energy production and processing.

India is a growing country, and with its growing need, energy consumption has also increased drastically. Switching the dependence on energy from non-renewable to renewable, sustainable sources is necessary, and it is a need of time. The government has allocated a substantial sum towards green growth and has identified it as one of the seven crucial pillars of the budget. This allocation presents a favorable trajectory for the country's sustainability efforts and the power sector in India.

[globalaffairs]

Union Budget 2023 big picture: Capex push, tax reform

Union Budget 2023 Explained: Finance Minister Nirmala Sitharaman has stuck to the growth strategy that she first unveiled in 2019: stay on the path of fiscal prudence and incentivise the private sector to invest more in the economy’s productive capacity, writes Udit Misra.

Read more

[publictaknews]

Finance Minister announced Mishti scheme in the Union Budget for mangrove plantation

New Delhi: The Budget 2023-24 announced that mangrove plantation will be undertaken in addition to the country’s coastline, wherever possible, through the convergence of the job guarantee scheme MGNREGS, the Compensatory Afforestation Fund, and other funding sources. “Building on India’s success in afforestation, the ‘Mangrove Initiative for Shoreline Habitats and Tangible Income’, Mishti will be…

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[beguines]

Seven major US labor unions representing about 6 million workers sent a letter to Joe Biden on Tuesday calling on his administration to "immediately halt all military aid to Israel" ahead of a visit to the US from Benjamin Netanyahu, Israel's prime minister, this week.

The unions that signed on to the letter include the Association of Flight Attendants (AFA), American Postal Workers Union (APWU), International Union of Painters (IUPAT), National Education Association (NEA), Service Employees International Union (SEIU), United Auto Workers (UAW) and United Electrical Workers (UE).

"Our unions are hearing the cries of humanity as this vicious war continues," said Mark Dimondstein, the APWU president, in a press release. "Working people and our unions are horrified that our tax dollars are financing this ongoing tragedy. We need a ceasefire now, and the best way to secure that is to shut off US military aid to Israel."

In the letter, the unions expressed concerns that the US president's three-part ceasefire plan announced in May 2024 has not been fully accepted as violence in Gaza has persisted.

"Large numbers of Palestinian civilians, many of them children, continue to be killed, reportedly often with US-manufactured bombs. Rising tensions in the region threaten to ensnare even more innocent civilians in a wider war. And the humanitarian crisis deepens by the day, with famine, mass displacement, and destruction of basic infrastructure including schools and hospitals. We have spoken directly to leaders of Palestinian trade unions who told us heart-wrenching stories of the conditions faced by working people in Gaza," wrote the unions in the letter.

"The time to act decisively to end this war is now. Stopping US military aid to Israel is the quickest and most sure way to do so, it is what US law demands, and it will show your commitment to securing a lasting peace in the region."

Earlier this year, US labor unions launched the National Labor Network for Ceasefire, which has been signed by dozens of local unions around the US, including the letter signatories and National Nurses United.

The letter comes as activists are planning protest demonstrations in Washington DC this week over Netanyahu's visit, his first to the US since 7 October. Thousands of protesters are expected to descend on Washington DC to call for an end to the US aid to Israel that has been fueling the war in Gaza.