#finance minister nirmala sitharaman

[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/

[townpostin]

Budget Backlash: Local MLA Mangal Kalindi Slams Fiscal Plan

Critics argue new budget fails to address inflation, job creation The recently unveiled budget faces criticism for allegedly neglecting key issues affecting common citizens and farmers. JAMSHEDPUR – The fiscal proposals put forth by Finance Minister Nirmala Sitharaman in the annual budget for the Modi government’s third term has generated considerable flutter among local politicians and several…

[devulove-blog]

ಸಚಿವೆ ನಿರ್ಮಲಾ ಸೀತಾರಾಮನ್ ಸತತ 7ನೇ ಬಾರಿಗೆ ಬಜೆಟ್ ಮಂಡನೆ - ಯಾವುದು ಗುಡ್‌, ಯಾವುದು ಬ್ಯಾಡ್‌

ನ್ಯೂಡೆಲ್ಲಿ: ಕೇಂದ್ರ ಹಣಕಾಸು ಸಚಿವೆ ನಿರ್ಮಲಾ ಸೀತಾರಾಮನ್ ಸತತ 7ನೇ ಬಾರಿಗೆ ಕೇಂದ್ರ ಬಜೆಟ್ ಮಂಡನೆ ಮಾಡಿದ್ದಾರೆ. ಮೋದಿ ಸರ್ಕಾರದ ಮೂರನೇ ಅವಧಿಯ ಸರ್ಕಾರದ ಮೊದಲ ಬಜೆಟ್ ಇದಾಗಿದೆ. 6 ಬಾರಿ ಪೂರ್ಣಾವಧಿ ಹಾಗೂ ಒಂದು ಬಾರಿ ಮಧ್ಯಂತರ ಬಜೆಟ್ ಅನ್ನು ನಿರ್ಮಲಾ ಸೀತಾರಾಮನ್‌ ಮಂಡಿಸಿದ್ದಾರೆ. ಈ ಬಾರಿಯ ಕೆಲವು ನಿರೀಕ್ಷೆಗಳು ಮೋದಿ ಸರ್ಕಾರದ ಬಜೆಟ್​ನಲ್ಲಿ ನಿಜವಾಗುತ್ತಿವೆ. ಈ ಬಜೆಟ್​ನಲ್ಲಾದ್ರೂ ಚಿನ್ನ, ಬೆಳ್ಳಿಯ ಬೆಲೆ ಇಳಿಯಬಹುದು ಎಂದುಕೊಂಡಿದ್ದ ಬಂಗಾರ ಪ್ರಿಯರಿಗೆ ಮೋದಿ ಸರ್ಕಾರ ಖುಷಿ…

[banglakhobor]

অনলাইন গেমিং-র উপর এবার ২৮% জিএসটি! ঘোষণা কেন্দ্রীয় অর্থমন্ত্রীর

নিউ দিল্লি: অনলাইন গেমিং-র উপর এবার ২৮ শতাংশ জিএসটি বসানোর সিদ্ধান্ত নেওয়া হয়েছে। কেন্দ্রীয় অর্থমন্ত্রী নির্মলা সীতারামনের সভাপতিত্বে সম্প্রতি জিএসটি কাউন্সিলের ৫১তম বৈঠক হয়। এই বৈঠকে অনলাইন গেমিং, ক্যাসিনো এবং ঘোড়ার রেসের মতো খেলাগুলিতে ২৮ শতাংশ জিএসটি প্রযোজ্য রাখার সিদ্ধান্ত নেওয়া হয়েছে। সংবাদ সম্মেলনে অর্থমন্ত্রী বৈঠকে গৃহীত সিদ্ধান্তের কথা জানান। তিনি বলেন, অনলাইন গেমিংয়ের উপর ২৮ শতাংশ…

[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…

[twnenglish]

Budget 2023: Budgetary Allocations To Major Social Schemes

The Narendra Modi administration's final comprehensive budget before the 2024 general elections was delivered on February 1 by Finance Minister Nirmala Sitharaman. The Minister revealed a variety of fresh programmes, revised income tax brackets and customs duty rates, as well as concessions for farming and the switch to green energy.

In the Union Budget 2023–24 paper, increasing financing for important social programmes that assist socioeconomic progress was also emphasised. Here is an overview of how the budgetary allotments for some of the key initiatives have changed:

Budget 2023: Budgetary Allocations To Major Social Schemes

1. MGNREGS:

The government significantly cut the funding for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) compared to the 89,400 revised estimate for the current year.

The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was passed in 2005 with the goal of enhancing the livelihood security of households in rural regions. They claim that the MGNREGS is a demand-driven program that applies to all districts in the country, with the exception of those with a 100% urban population, and guarantees 100 days of unskilled work per year for every rural home that requests it.

2. Food Subsidies: 

National Food Security Act (NFSA): The Center has allocated just over 2 lakh crore for food subsidies under the National Food Security Act (NFSA), which includes money for the Food Corporation of India, money for state agencies to purchase grains on a decentralized basis, and money for other logistical costs. In place of the customary subsidized prices of $3 for a kilogram of rice, $2 for a kilogram of wheat, and $1 for a kilogram of coarse cereal, the 81.35 crores NFSA members will begin getting 5 kg of free foodgrains each month beginning in January 2023.

3. Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY)

After beginning as an emergency response to the COVID-19 pandemic in April 2020 and receiving numerous extensions since then, the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), which provided an additional 5 kg of free grains each month to NFSA beneficiaries, was terminated, it was announced in December. The Center's food subsidy cost for the NFSA would typically be close to 2 lakh crore; however, the PMGKAY has almost quadrupled that amount for the last two years, which is similar to the newly revealed allotment.

4. Jal Jeevan Mission: 

The Government boosted its financial support for the Jal Jeevan Mission (JJM), also known as the National Rural Drinking Water Mission, by almost 27% to 70,000 crores from the current year's estimated expectations of 50,000. By 2024, the Jal Jeevan Mission hopes to provide clean and enough drinking water to every rural Indian home.

The Jal Shakti Ministry reported on Monday that the government has been able to connect 11 crore rural households to tap water thanks to the JJM plan. Data from the Ministry's dashboard suggests that 56% of the targeted 19.3 crore homes have been contacted.

The overall cost of the programme is around 3.60 lakh crore, with the Center and States and Union Territories each contributing 50% of the expense. However, the Center provides full money for Union Territories without a legislature as well as 90% of the funding for northeastern and Himalayan States and Union Territories with legislatures.

5. Ayushman Bharat-PMJAY:

Ayushman Bharat PM-JAY, an insurance program, was launched in 2018 with the intention of providing a health cover of Rs. 5 lakhs per family per year for secondary and tertiary care hospitalization. Targets include the bottom 40% of the Indian population, or 50 crore beneficiaries, or around 10.74 crore poor and vulnerable families. Mansukh Mandaviya, the Union Minister for Health, claims that as of December 2022, 4.5 crore individuals had signed up for the program.

6. PM-Kisan:

Launched in 2019, the central program PM-Kisan offers eligible farmer families cash transfers totaling 6,000 in three payments of 2,000 each.

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[god-fi-dence]

"Tax Pinch for India's Middle Class: Can the Upcoming Budget Bring Relief"​

[todayworldnews2k21]

Nothing Stops Private Sector From Coming And Doing Business In India: Nirmala Sitharaman

Washington, DC: Union Finance Minister Nirmala Sitharaman emphasized that nothing prevents the private sector from conducting business in India, highlighting that numerous non-Indian private insurance companies are already operating in the country. During a fireside chat with CSIS President and CEO John J. Hamre on ‘India’s Economic Aspirations’—addressing governance reforms in multilateral…

[rightnewshindi]

वित्त मंत्री निर्मला सीतारमण ने चुनावी बॉन्ड के नाम पर की जबरन वसूली, पीपुल्स रिप्रेजेंटेटिव कोर्ट ने दिए FIR दर्ज करने के आदेश

#News वित्त मंत्री निर्मला सीतारमण ने चुनावी बॉन्ड के नाम पर की जबरन वसूली, पीपुल्स रिप्रेजेंटेटिव कोर्ट ने दिए FIR दर्ज करने के आदेश

Finance Minister Nirmala Sitharaman FIR: वित्त मंत्री निर्मला सीतारमण के खिलाफ एफआईआर दर्ज करने का आदेश दिया गया है. बेंगलुरू की पीपुल्स रिप्रेजेंटेटिव कोर्ट ने जिस मामले में देश की केंद्रीय वित्त मंत्री के खिलाफ ये कड़ा आदेश दिया है, उसके बारे में यहां जानिए. जनाधिकार संघर्ष परिषद (JSP) ने वित्त मंत्री के खिलाफ अदालत में जो आरोप लगाए उसमें कहा गया है कि चुनावी बॉन्ड के जरिए देश की वित्त मंत्री…

[bhaskarlive]

Finance Minister to launch New Pension Scheme ‘Vatsalya’ for children on Sep 18

Finance Minister Nirmala Sitharaman is scheduled to launch the New Pension Scheme (NPS) ‘Vatsalya’ in New Delhi on September 18, which will be joined by schoolchildren.

Announced in the Union Budget 2024, the scheme will allow parents to contribute a certain amount on behalf of their children towards NPS to secure their future and help them develop a retirement fund.

Source: bhaskarlive.in

[dhallblogs]

Budget 2024: Government to boost Enterprise Growth with Credit Guarantee Scheme.

New Delhi: In a significant move to foster enterprise development and support small businesses, Finance Minister Nirmala Sitharaman announced enhancements to the Credit Guarantee Scheme during her Budget 2024 speech.

ALSO READ MORE- https://apacnewsnetwork.com/2024/07/budget-2024-government-to-boost-enterprise-growth-with-credit-guarantee-scheme/

[news-venue]

Nirmala Sitharaman To Move Banking Laws Amendment Bill In Lok Sabha Today

Union Finance Minister Nirmala Sitharaman will today move the Banking Laws (Amendment) Bill in the Lok Sabha, which seeks to amend the Reserve Bank of India Act, 1934, the Banking Regulation Act, 1949, the State Bank of India Act, 1955, the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980.

Union Ports, Shipping and Waterways Minister Sarbananda Sonowal will introduce the Carriage of Goods by Sea Bill and the Bills of Lading Bill.

The first bill seeks to provide for the responsibilities, liabilities, rights and immunities attached to carriers with respect to the carriage of goods by sea and for matters connected therewith or related thereto. While the Bills of Lading Bill seeks to make provisions for the "transfer of rights of suit and all liabilities to the consignee named in a bill of lading and every endorsee of a bill of lading, to whom the property in the goods mentioned in the bill of lading shall pass, upon or by reason of a consignment or an endorsement, and for matters connected therewith or related thereto".

According to the revised list of business, Railways Minister Ashwini Vaishnaw is slated to introduce a bill further to amend the Railways Act, 1989, in the Lower House.

The Lok Sabha session on the day will start with obituary references to passing away of Iqbal Ahmed Saradgi (Member, Thirteenth and Fourteenth Lok Sabhas); Sqn. Ldr. Kamal Chaudhry (Member, Eighth, Ninth, Tenth and Twelfth Lok Sabhas); and Ramesh Rathod (Member, Fifteenth Lok Sabha).

Meanwhile in the Rajya Sabha, Mr Vaishnaw, who is also Union IT Minister, will make a statement regarding the status of implementation of recommendations contained in the 48th Report of Parliamentary Standing Committee on Communications and Information Technology on 'Citizen's Data Security and Privacy'.

Union MoS L. Murugan will make a statement on the status of implementation of recommendations contained in the 27th Report of the Parliamentary Standing Committee on Communications and Information Technology on 'Ethical Standards in Media Coverage'.

He will also make statements on the status of implementation of recommendations contained in the 47th Report of the Parliamentary Standing Committee on Communications and Information Technology on 'Review of functioning of Central Board of Film Certification (CBFC)'.

Similarly, Union MoS Ravneet Singh is slated to make a statement regarding status of implementation of recommendations contained in the 67th Report of the Parliamentary Standing Committee on Agriculture, Animal Husbandry and Food Processing on 'Scheme for Creation/ Expansion of Food Processing and Preservation Capacities – An Evaluation'.

[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.

[defencecapital]

India to spend $75 billion on its military, the largest among PM Modi's ministries

By A Correspondent In the regular Union Budget of Financial Year (FY) 2024-25, the Ministry of Defence (MoD) has been allocated Rs 6,21,940.85 crore (approx. US$75 billion), the highest allocation among Prime Minister Narendra Modi’s ministries in his third term in government. While maintaining the allocation made to MoD during the interim budget, the Modi government has made an additional…

[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

[gazetteweekly]

"FM Nirmala Sitharaman Flags Concerns Over Retail F&O Trading Surge"

Finance Minister Nirmala Sitharaman sounded a note of caution regarding the unchecked surge in retail futures and options (F&O) trading during an event at the Bombay Stock Exchange (BSE) on Tuesday. Stressing the importance of a stable majority government for vibrant financial markets, she expressed confidence in Prime Minister Narendra Modi’s leadership for India’s continued economic growth.

Sitharaman highlighted the potential challenges posed by the unchecked expansion of retail F&O trading, emphasizing its impact on market stability and household finances. With a significant portion of retail investors experiencing losses in F&O trading, she underscored the need to safeguard household finances from potential risks.

The Finance Minister’s remarks come in the wake of concerns raised by market regulators regarding the high rate of losses among individual traders in the equity F&O segment. With the majority of traders incurring losses, Sitharaman stressed the importance of long-term investments for wealth creation and real rate of returns.

She called upon stock exchanges to enhance market stability and mitigate systemic risks through technological advancements, promoting efficiency, transparency, and security. Sitharaman noted the growing trend of household savings entering the stock market, reflected in the substantial increase in retail demat accounts over the past years.

Highlighting the confidence of retail investors in the stock market, she attributed it to the improved compliance levels of listed companies, which have enhanced transparency and corporate governance. Sitharaman emphasized the role of domestic savings in providing stability to the market, acting as a counterbalance to foreign portfolio investments.

Looking ahead, she stressed the importance of a stable government, predictable policies, and a conducive regulatory framework for fostering efficient and stable financial markets. With the vision of investment-led growth and inclusive development, Sitharaman expressed confidence in Prime Minister Modi’s leadership for India’s ascent to becoming the third-largest economy.

In summary, Sitharaman’s address underscores the need for caution in retail F&O trading, emphasizing the significance of a stable government and visionary leadership for India’s financial market stability and growth.