#nirmala sitharaman live

[publictaknews]

Union Budget 2023: When and where to watch Nirmala Sitharaman's speech live

Finance Minister Nirmala Sitharaman will present the Union Budget 2023 on Wednesday, which is her fifth budget so far. This will be the last full budget of the Narendra Modi-led government before the 2024 general elections. In the first general budget after the Covid-19 shock and amid global geopolitical developments, Sitharaman will be expected to walk a tightrope between being fiscally prudent…

[jrakesh]

On which date budget is declared?

India. The Union Budget of India, referred to as the Annual Financial Statement in Article 112 of the Constitution of India, is the annual budget of the Republic of India, presented each year on the very first day of February by the Finance Minister of India in Parliament

Union Budget 2023: Where and when to watch FM Nirmala Sitharaman's speech LIVE. Finance Minister Nirmala Sitharaman will present the Union Budget 2023 on 1 February ( Wednesday) at 11 am. This will be Sitharaman's fifth straight budget for the fiscal year beginning April 1.01-Feb-2023

[news365timesindia]

[ad_1] By Anjali Sharma WASHINGTON – India Union Minister Sitharaman on Thursday said that no country, whether the US which is far away or China which is very close cannot ignore India. Nirmala Sitharaman has said that India wants to enhance its influence in the world as one in every six persons is Indian and the world cannot ignore India’s economy. She was participating in a panel discussion on the ‘Bretton Woods Institutions at 80: Priorities for the Next Decade’, organized by the Centre for Global Development on the sidelines of the World Bank and International Annual Meetings 2024 in Washington, D.C., said that India has always backed multilateral institutions and did not at any time seek to undermine any multilateral institution. She said that expectations pinned on multilateral institutions are fissured away as no solutions are coming out of them. On how nations like India and other big emerging markets step up and play a role that helps to take ownership of that process and drive the reform forward, Union Minister Sitharaman said, “Yes, absolutely possible. And on this, I just want to again start from where a thought of my Prime Minister came in and this is well thought through. He once said India’s priority is not to impose its dominance. In the sense we have the biggest democracy, we have in the world and the largest population but to enhance its influence. Now why do we want to have our influence enhanced? It’s only because of the fact that today one in every six people in the world is an Indian and you just cannot ignore our economy and how it is growing, that’s the second.” “And third, the skilled manpower which today is in India and also everywhere else running large corporations which are for running institutions which are in large countries, developed countries. But yet that particular point that Larry mentioned, that in today’s world, the course which developed countries took, starting from producing textiles, cycles, bicycles and something else, and reaching development, is no longer available. It is going to be something else,” she added. She stressed that no country can ignore India, the Union Finance Minister said, “Are we in a position to define that path? In that, one flag post which I want to draw your attention to about India and its role is leading on technology, servicing through technology, leveraging technology and that is where when you look at Indians everywhere you are saying that they are the ones before sitting and readily said yes we will give you the systems which can run complex corporate whether it is a refining system, oil refining system, whether it is multilateral banking system or anything else. So, you really can’t ignore and also the geopolitical neighbourhood in which we live. No country, the US which is very far away from us or China which is very close to us, cannot ignore us.” She expressed India’s support for multilateral institutions, Ms. Sitharaman said, “I think we have followed policies of strategic and peaceful multilateralism. The multilateralism of which you want us to speak about India has always stood in favour of multilateral institutions. We didn’t want any time undermining of any multilateral institution. But progressively we see the hope and the expectations which are pinned on multilateral institutions are fissured away because we think no solutions are coming out of them.” “So again, Larry said, these institutions now are not offering an alternative pathway. That is where one of my points is, the core competencies of these institutions, in that they look at so many different economies, look at the dynamism with which some economies are growing and some which are getting stunted, the information base that they have, they should be the first ones to share the information and they should be the first ones to also suggest without imposing,” she added. Emeritus President and Charles W Eliot University Professor, Harvard University, Lawrence H Summers, Spain’s Minister of

Economy, Trade and Business Carlos Cuerpo and Egypt’s Minister of Planning, Economic Development, and International Cooperation Rania A. Al Mashat tool part in the discussion. Sitharaman stressed that multilateral institutions should strengthen themselves for the global good. Union Minister said that shaping the future is an ambitious goal and called for the involvement of Bretton Woods institutions in it. She said “In one of my earlier conversations with Larry, he voiced the concern, saying how would institutions like IMF and the World Bank go about telling an economy to a country that your economy is in a wretched position, you can’t do anything about it. They can’t, they cannot and they need not.” “But yet, they can, with a wealth of information and experience and the manpower, the kind of human resources they have, share in time information with countries and also lead to building the strength of institutions, not tear down institutions, but strengthen up institutions for the global good, which I would think is very necessary to strengthen multilateralism. We are in favour of multilateralism. We of course spoke about a lot of things about LiFE, which is a mission in India, LiFE being the lifestyle for the environment, adapt to certain kinds of living and so on,” she added. She stressed the Bretton Woods institutions’ role in shaping the future. “Shaping the future is one very ambitious nice goal and we need to follow that and we need to have Bretton Woods institutions work on that rather than reacting to future developments. Unfortunately, in the last few decades, we see them reacting to future developments with the strength that they have. And I think, therefore, information sharing is one thing,” she said The Bretton Woods Institutions are the World Bank and the International Monetary Fund. They were set up at a meeting of 43 countries in Bretton Woods, New Hampshire in the US in July 1944. Their aims were to help rebuild the shattered postwar economy and promote international economic cooperation. Sitharaman said, “India, of course, has International Solar Alliance, Biofuel Alliance, and we’re talking about disaster-resilient infrastructure and all these need money. All these need help for countries which are in smaller economies, island economies, which need them. So, through the digital public infrastructure that we have publicly funded and taken it up to different countries, we are spreading that attention and I think these are areas in which India will contribute.” The Ministry of Finance in a post on X, said, “Union Minister of Finance and Corporate Affairs @nsitharaman is welcomed at Washington DC by India’s Ambassador to USA, @AmbVMKwatra after her arrival from New York, today evening.” The post Finance Minister says “No country, whether US or China can ignore India appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

[news365times]

[ad_1] By Anjali Sharma WASHINGTON – India Union Minister Sitharaman on Thursday said that no country, whether the US which is far away or China which is very close cannot ignore India. Nirmala Sitharaman has said that India wants to enhance its influence in the world as one in every six persons is Indian and the world cannot ignore India’s economy. She was participating in a panel discussion on the ‘Bretton Woods Institutions at 80: Priorities for the Next Decade’, organized by the Centre for Global Development on the sidelines of the World Bank and International Annual Meetings 2024 in Washington, D.C., said that India has always backed multilateral institutions and did not at any time seek to undermine any multilateral institution. She said that expectations pinned on multilateral institutions are fissured away as no solutions are coming out of them. On how nations like India and other big emerging markets step up and play a role that helps to take ownership of that process and drive the reform forward, Union Minister Sitharaman said, “Yes, absolutely possible. And on this, I just want to again start from where a thought of my Prime Minister came in and this is well thought through. He once said India’s priority is not to impose its dominance. In the sense we have the biggest democracy, we have in the world and the largest population but to enhance its influence. Now why do we want to have our influence enhanced? It’s only because of the fact that today one in every six people in the world is an Indian and you just cannot ignore our economy and how it is growing, that’s the second.” “And third, the skilled manpower which today is in India and also everywhere else running large corporations which are for running institutions which are in large countries, developed countries. But yet that particular point that Larry mentioned, that in today’s world, the course which developed countries took, starting from producing textiles, cycles, bicycles and something else, and reaching development, is no longer available. It is going to be something else,” she added. She stressed that no country can ignore India, the Union Finance Minister said, “Are we in a position to define that path? In that, one flag post which I want to draw your attention to about India and its role is leading on technology, servicing through technology, leveraging technology and that is where when you look at Indians everywhere you are saying that they are the ones before sitting and readily said yes we will give you the systems which can run complex corporate whether it is a refining system, oil refining system, whether it is multilateral banking system or anything else. So, you really can’t ignore and also the geopolitical neighbourhood in which we live. No country, the US which is very far away from us or China which is very close to us, cannot ignore us.” She expressed India’s support for multilateral institutions, Ms. Sitharaman said, “I think we have followed policies of strategic and peaceful multilateralism. The multilateralism of which you want us to speak about India has always stood in favour of multilateral institutions. We didn’t want any time undermining of any multilateral institution. But progressively we see the hope and the expectations which are pinned on multilateral institutions are fissured away because we think no solutions are coming out of them.” “So again, Larry said, these institutions now are not offering an alternative pathway. That is where one of my points is, the core competencies of these institutions, in that they look at so many different economies, look at the dynamism with which some economies are growing and some which are getting stunted, the information base that they have, they should be the first ones to share the information and they should be the first ones to also suggest without imposing,” she added. Emeritus President and Charles W Eliot University Professor, Harvard University, Lawrence H Summers, Spain’s Minister of

Economy, Trade and Business Carlos Cuerpo and Egypt’s Minister of Planning, Economic Development, and International Cooperation Rania A. Al Mashat tool part in the discussion. Sitharaman stressed that multilateral institutions should strengthen themselves for the global good. Union Minister said that shaping the future is an ambitious goal and called for the involvement of Bretton Woods institutions in it. She said “In one of my earlier conversations with Larry, he voiced the concern, saying how would institutions like IMF and the World Bank go about telling an economy to a country that your economy is in a wretched position, you can’t do anything about it. They can’t, they cannot and they need not.” “But yet, they can, with a wealth of information and experience and the manpower, the kind of human resources they have, share in time information with countries and also lead to building the strength of institutions, not tear down institutions, but strengthen up institutions for the global good, which I would think is very necessary to strengthen multilateralism. We are in favour of multilateralism. We of course spoke about a lot of things about LiFE, which is a mission in India, LiFE being the lifestyle for the environment, adapt to certain kinds of living and so on,” she added. She stressed the Bretton Woods institutions’ role in shaping the future. “Shaping the future is one very ambitious nice goal and we need to follow that and we need to have Bretton Woods institutions work on that rather than reacting to future developments. Unfortunately, in the last few decades, we see them reacting to future developments with the strength that they have. And I think, therefore, information sharing is one thing,” she said The Bretton Woods Institutions are the World Bank and the International Monetary Fund. They were set up at a meeting of 43 countries in Bretton Woods, New Hampshire in the US in July 1944. Their aims were to help rebuild the shattered postwar economy and promote international economic cooperation. Sitharaman said, “India, of course, has International Solar Alliance, Biofuel Alliance, and we’re talking about disaster-resilient infrastructure and all these need money. All these need help for countries which are in smaller economies, island economies, which need them. So, through the digital public infrastructure that we have publicly funded and taken it up to different countries, we are spreading that attention and I think these are areas in which India will contribute.” The Ministry of Finance in a post on X, said, “Union Minister of Finance and Corporate Affairs @nsitharaman is welcomed at Washington DC by India’s Ambassador to USA, @AmbVMKwatra after her arrival from New York, today evening.” The post Finance Minister says “No country, whether US or China can ignore India appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

[personalfinanceforeveryone]

What is the best budget rule 2024 ? Are you ready to take control of your finances in 2024? In this video, we explore what is the best budget rule for the new year, offering insights on how to effectively manage your money using the 70/20/10 budget rule. With highlights from the Union Budget 2024, as announced by Nirmala Sitharaman, we break down how these changes may impact you and provide a budget 2024 summary that’s easy to understand. Discover how the India Budget 2024 affects your personal finances and learn how to apply budgeting methods to stay on track. From the budget 2024 highlights to practical how to budget tips, we’ve got you covered. We'll also take a look at some of the most popular budgeting frameworks like the 50/30/20 rule and help you understand which rule works best for your financial goals in 2024. We’ll also touch on budget 2024 news, expectations, and even fun purchases like the best budget drone 2024 that won't break the bank. If you’re preparing for the budget session 2024 or simply want to know more about financial planning, this video is for you. Whether you’re interested in the budget 2024 live updates or just want a budget 2024 explained in simple terms, we’re here to help. Stay ahead of the curve with our budget 2024 highlights and find out how to make the most of your money this year. Don't miss out on the best budget 2024 expectations, and make sure to like, comment, and subscribe for more updates on the budget 2024 live in Hindi, budget highlights 2024, and much more! ------ 💸 Ready to make millions online without the hassle of starting a business? 💸 Discover the exact blueprint that helped me and countless others build a successful online income with ease. Whether you're a complete beginner or already making some money online, this course will take you to the next level. 🔥 Click here to get instant access to the Internet Millionaire course and start earning today: https://linktw.in/qKvlbB Don't miss out on your chance to finally make money online! 💰

[twnenglish]

Key Sustainability and Energy Initiatives in Budget 2024

As the urgency to address climate change continues to escalate globally, India’s Budget 2024 stands as a critical benchmark for the nation's commitment to sustainability and energy transformation.

With a series of groundbreaking initiatives, the interim budget reflects a strategic approach to not only mitigate the impact of climate change but also accelerate the shift towards a sustainable energy future. Given the recent spate of climate-related disasters, this budget is particularly timely and significant.

Presented by Finance Minister Nirmala Sitharaman, the interim budget for 2024 has introduced a suite of ambitious measures designed to address various facets of India's energy and environmental challenges.

From a transformative rooftop solar initiative to substantial investments in electric vehicle infrastructure and cutting-edge green technologies, the budget outlines a comprehensive strategy for fostering a greener economy.

Among the standout measures are the plans for expansive rooftop solarisation, enhancements to the electric vehicle ecosystem, and the pioneering offshore wind energy projects.

Furthermore, the budget has provided a substantial boost to the National Green Hydrogen Mission and introduced innovative coal gasification and liquefaction projects. Equally noteworthy is the support for bioenergy and biomass aggregation, which seeks to turn agricultural waste into valuable resources.

This blog explores these key initiatives in detail, highlighting their anticipated impacts and the potential they hold for shaping India’s energy landscape and environmental future. As India charts its path towards net-zero carbon emissions by 2070, the budget’s provisions represent crucial steps in this transformative journey.

Top Sustainability and Energy Measures from Budget 2024

Rooftop Solarisation: Revolutionizing Energy Access and Savings

One of the most talked-about initiatives in India's Budget 2024 is the ambitious rooftop solar programme, designed to provide free electricity up to 300 units per month to one crore households. This initiative is not only poised to significantly reduce energy bills, especially benefiting middle- and lower-income households, but it also opens up new avenues for economic and environmental benefits.

Economic Impact and Savings

For many Indian households, energy costs represent a substantial portion of their monthly expenses. By offering up to 300 units of free electricity, the government aims to alleviate this financial burden, making a significant difference in the lives of millions. The program is expected to lead to considerable savings on electricity bills, thereby increasing disposable income for affected families. Additionally, households that install rooftop solar panels will have the opportunity to generate surplus energy. This surplus can be sold back to the grid, providing an additional source of income and further enhancing the economic advantages of solar adoption.

Read More

[lallulalnews]

#lallulal #lallulalnews @lallulalnews #lallulalbreakingnews #lallulalbreaking #UnionBudget2024 Automobile Sector Budget 2024: ऑटो उद्योग के लिए कैसा रहा बजट? ईवी के सस्ते होने के आसार वित्त मंत्री निर्मला सीताराम मंगलवार को वित्तीय वर्ष 2024-25 का आम बजट पेश किया। भारत का वाहन उद्योग एक निर्णायक मोड़ पर खड़ा है। ऐसे में ऑटो उद्योग के लिए कैसा रहा इस बार का केंद्रीय बजट 2024? जानें डिटेल्स। #UnionBudget2024 #BudgetLive #Budget2024 #NirmalaSitharaman #FinanceMinister #GDP #IncomeTax #hindinews #Hindinewslive  #latestnews  #livenewsstreaming  #livenews #livenewshindi #newslive #newslivehindi #hindinews #livehindinews #electionnews   #viralvideo   #pmmodi #bjp #congressparty #priyankagandhi #rahulgandhi    #aap #aapneta #delhiaap budget 2024,union budget 2024,budget 2024 expectations,2024 budget,india budget 2024,budget session 2024,budget 2024 live,budget 2024 india,union budget 2024 live,budget 2024 news,nirmala sitharaman budget 2024,union budget 2024 expectations,interim budget 2024,budget 2024 stocks,indian budget 2024,budget session 2024 live,budget,union budget,budget 2024 news live,union budget 2024 news,budget 2024 highlights,union budget 2024-25 Lallu Lal (लल्लू लाल)- हे भैया सच्ची खबर तो लल्लू लाल ही देंगे..भारत के हर कोने से चुनी गई खबरों का संग्रह। भारत के राजनैतिक, सामाजिक और आर्थिक मुद्दों पर गहराई से जानकारी देना हमारा लक्ष्य है। हम यहाँ पर हर विषय को गहराई से देखते हैं, ताकि भारत के करोड़ों Online User के पास सही खबर मिले।

[twominuts2]

Parliament Budget session LIVE updates: Contentious session expected as INDIA bloc MPs intend to demonstrate against the 'biased' Union Budget

Parliament had a tumultuous start on Wednesday as Opposition MPs staged a protest against the Budget. Members of the INDIA bloc claim that the Budget is unfair to States not governed by the BJP.

Union Finance Minister Nirmala Sitharaman on July 23 announced a series of initiatives aimed at addressing the challenges faced by unemployed youth, small businesses, and the middle class, while also seeking to bolster the ruling NDA coalition’s relationships by supporting various investment projects in Bihar and Andhra Pradesh. This Budget marks Ms. Sitharaman’s seventh consecutive Budget and the first by the BJP-led NDA government since its re-election in June.

Budget Highlights here

The BJP’s allies praised the Budget, but the Opposition was not happy, calling it an exercise in political jugglery to appease the Janata Dal (United) and Telugu Desam Party, the BJP’s two key allies, while doing little to address issues such as high rate of unemployment and inflation. 

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Budget 2024 LIVE Updates: Nirmala Sitharaman To Present Modi 3.0's 1st Budget, Tax Relief Likely - NDTV

http://dlvr.it/T9xZf5

[trendingallworldnews]

Budget 2024: Date, Time, and How to Watch Live

photo the economic times

The budget session for FY2024-25 began today, July 22, 2024, in the Parliament. This session marks the first full Budget following the re-election of the Modi government for a third term. Taxpayers are eagerly anticipating significant tax reliefs from this initial Budget of the Modi 3.0 government. Here are the details on when the Budget will be presented and how you can watch it live.

Budget 2024 Presentation

Date and Time

Finance Minister Nirmala Sitharaman will present the Union Budget 2024 in the Parliament on July 23, 2024. This will be her seventh consecutive Budget. The Budget 2024 speech is expected to commence at 11 am on Tuesday.

What to Expect from Budget 2024

Budget 2024 is anticipated to outline the roadmap for 'Vikshit Bharat' by 2047. According to a report titled 'Union Budget 2024-25: A Bundle of Expectations!' by Mehta Equities, expectations are high. Investors are optimistic about the continuation of economic reforms under the Narendra Modi 3.0 government, which have positioned India as the world’s fastest-growing major economy.

Key Expectations

Punit Shah, Partner at Dhruva Advisors, recommends that the government introduces amendments aimed at stimulating consumer spending. Key expectations include:

Raising the tax-free income threshold

Reducing tax rates for middle-income earners

Increasing standard deductions for salaried employees

How to Watch the Budget Speech Live

You can watch Finance Minister Nirmala Sitharaman's Budget 2024 speech live on the following platforms:

The Economic Times website

Indian government’s official site for Union Budget:

Sansad TV

Additionally, follow the live blog on The Economic Times for real-time updates, news, reactions, and analysis of Budget 2024.

[news365timesindia]

[ad_1] Union Finance Minister Nirmala Sitharaman had said that India provided financial support to its neighbours in times of distress with no conditions attached much before the International Monetary Fund (IMF) reached some countries in the neighbourhood.  While participating in a panel discussion on the ‘Bretton Woods Institutions at 80: Priorities for the Next Decade’, organised by the Center for Global Development, Sitharaman spoke on how India has extended a line of credit to many African nations to build their institutions, bridges, secretariats and railway stations. Pointing towards the slow process adopted by the IMF, she said, “Much before the IMFs of the world reach some countries in our neighbourhood, and I’m not saying this with a sense of boast. I’m saying it more with a sense of responsibility, and again, sorry; I have no axe to grind with the IMF. But with no conditions attached, we have given sums of money, which I don’t want to name here, number here because my neighbours are very dear to me.”  The Union Finance Minister has assured that India will continue to assist Global South countries. Sitharaman said she would not share details regarding the money India provided to the nations, stressing that they are “very important” to her cultural values and neighbourhood.  Nirmala Sitharaman said, “We’ve come out in time to help countries in distress. And in the typical oriental fashion, I will not name the country; I will not name the money which has been given because they are very important to my cultural values and also to my neighbourhood. So, much before nimble-footed institutions of the Bretton Woods came there because we were closer to them, this money was used even better.”  “In many African countries, we extend a line of credit, which is a highly discounted line of credit to build the institutions, bridges, ports, railway stations, and secretariats. And let me add, with a sense of humility, many of them are in no position to pay back, and we have not made a noise about it. We will continue to do it because we think the South, the Global South, will be with us. We want to be with them. We want to help them out. We want all of them to get an opportunity. So we’re doing that,” she added.  Stressing that no country can ignore India, the Union Finance Minister stated, “Are we in a position to define that path? In that, one flag post which I want to draw your attention to about India and its role is leading on technology, servicing through technology, leveraging technology, and that is where when you look at Indians everywhere, you are saying that they are the ones before sitting and readily saying yes we will give you the systems which can run complex corporate whether it is a refining system, oil refining system, whether it is multilateral banking system or anything else. So, you really can’t ignore and also the geopolitical neighbourhood in which we live. No country, the US which is very far away from us or China, which is very close to us, cannot ignore us.”  Nirmala Sitharaman stated that India has always backed multilateral institutions and has not at any time sought to undermine any multilateral institution. She said that expectations pinned on multilateral institutions are fissured away as no solutions emerge from them. Expressing India’s support for multilateral institutions, the Union Minister said, “I think we have followed policies of strategic and peaceful multilateralism. The multilateralism you want us to speak about. India has always stood in favour of multilateral institutions. We didn’t want any time to undermine any multilateral institution. But progressively, we see the hope and expectations pinned on multilateral institutions are fissured away because we think no solutions are coming out of them. [ad_2] Source link

[news365times]

[ad_1] Union Finance Minister Nirmala Sitharaman had said that India provided financial support to its neighbours in times of distress with no conditions attached much before the International Monetary Fund (IMF) reached some countries in the neighbourhood.  While participating in a panel discussion on the ‘Bretton Woods Institutions at 80: Priorities for the Next Decade’, organised by the Center for Global Development, Sitharaman spoke on how India has extended a line of credit to many African nations to build their institutions, bridges, secretariats and railway stations. Pointing towards the slow process adopted by the IMF, she said, “Much before the IMFs of the world reach some countries in our neighbourhood, and I’m not saying this with a sense of boast. I’m saying it more with a sense of responsibility, and again, sorry; I have no axe to grind with the IMF. But with no conditions attached, we have given sums of money, which I don’t want to name here, number here because my neighbours are very dear to me.”  The Union Finance Minister has assured that India will continue to assist Global South countries. Sitharaman said she would not share details regarding the money India provided to the nations, stressing that they are “very important” to her cultural values and neighbourhood.  Nirmala Sitharaman said, “We’ve come out in time to help countries in distress. And in the typical oriental fashion, I will not name the country; I will not name the money which has been given because they are very important to my cultural values and also to my neighbourhood. So, much before nimble-footed institutions of the Bretton Woods came there because we were closer to them, this money was used even better.”  “In many African countries, we extend a line of credit, which is a highly discounted line of credit to build the institutions, bridges, ports, railway stations, and secretariats. And let me add, with a sense of humility, many of them are in no position to pay back, and we have not made a noise about it. We will continue to do it because we think the South, the Global South, will be with us. We want to be with them. We want to help them out. We want all of them to get an opportunity. So we’re doing that,” she added.  Stressing that no country can ignore India, the Union Finance Minister stated, “Are we in a position to define that path? In that, one flag post which I want to draw your attention to about India and its role is leading on technology, servicing through technology, leveraging technology, and that is where when you look at Indians everywhere, you are saying that they are the ones before sitting and readily saying yes we will give you the systems which can run complex corporate whether it is a refining system, oil refining system, whether it is multilateral banking system or anything else. So, you really can’t ignore and also the geopolitical neighbourhood in which we live. No country, the US which is very far away from us or China, which is very close to us, cannot ignore us.”  Nirmala Sitharaman stated that India has always backed multilateral institutions and has not at any time sought to undermine any multilateral institution. She said that expectations pinned on multilateral institutions are fissured away as no solutions emerge from them. Expressing India’s support for multilateral institutions, the Union Minister said, “I think we have followed policies of strategic and peaceful multilateralism. The multilateralism you want us to speak about. India has always stood in favour of multilateral institutions. We didn’t want any time to undermine any multilateral institution. But progressively, we see the hope and expectations pinned on multilateral institutions are fissured away because we think no solutions are coming out of them. [ad_2] Source link

[ngo-pilot123]

Introduction to Social Stock Exchange

Investors’ awareness of the Social Stock Exchange SEBI was first set up as a non statutory body on April 12, 1988 with the objectives of investor protection and market development and regulation of securities markets. Indeed, in July 2019 the Indian Finance Minister, Smt Nirmala Sitharaman came up with the idea of Social Stock Exchange (SSE) aimed at promoting both not-for profit and for profit social enterprises. Targeted as a portion of the already established stock markets like NSE or BSE, this SSE will assist social enterprises to secure capital from the public and will be calibrated at organizations that strive to build social impact.

Regulatory Framework The framework has been spelt out by SEBI under the provisions of ICDR, LODR and AIF for the SSE. This way, the SSE can support the social enterprises’ goals of bringing about inclusive growth and ensuring financial inclusion by allowing organizations to issue equity, debt, or units resembling mutual funds.

Impact of COVID-19 This paper examines general factors in operation risk management in capital markets, especially concerning the pandemic triggered by the outbreak of the coronavirus in 2020. The SSE’s goal is to reduce the economic impact of the pandemic by mobilizing social capital to restore the lives and combat pandemic issues. It also creates awareness to people across the globe on sustainability, assisting in aligning the SDGs with the early ESG priorities.

SEBI Amendments SEBI proposes to amend the ICDR and LODR regulations to:SEBI proposes to amend the ICDR and LODR regulations to:

Enable cost accountants and their firms who are accredited with the National Institute of Securities Markets to work as social auditors and report the entity’s positive effects to the society once in every year. On the same note, there is a need to ensure the following considerations Inclusion of cost accountants in the Social Stock Exchange Governing Council. At present, the audits and the reports for the SSE must only be handled by those who are enlisted with the Institute of Chartered Accountants of India or any other comparable agency. The changes proposed were to incorporate these roles for statutory cost auditors, independent cost accountant and their firms which have a valid certificate.

Applicability The SSE is applicable to:

Nonprofit or, to a lesser extent, “mission-based” ventures, in the fields of goods and services production and delivery. Professionals qualified in accordance with the provisions of the statutes of that state and the act or firms qualified as independent cost accountants.

Conclusion The Social Stock Exchange in India is another level of improvement in controlled and clear method of mobilizing funds for social issues. It offers a legal framework for social entrepreneurship to the extent of widening the concept of philanthropy with an additional close watch on the spending capacities of such organizations for positive and efficient change.

[twnenglish]

Decoding Union Budget 2024: A Roadmap for 'Viksit Bharat' (Developed India)

Decoding Union Budget 2024: A Roadmap for 'Viksit Bharat' (Developed India)

With the Union Budget 2024 scheduled for presentation on July 23rd, all eyes are on Finance Minister Nirmala Sitharaman. This budget holds immense significance as it outlines the government's financial roadmap for the coming year, paving the way for achieving Prime Minister Narendra Modi's ambitious vision of a "Viksit Bharat" (Developed India) by 2047. Let's delve deeper into the key areas that may receive focus in Budget 2024, acting as stepping stones towards a fully developed India.

Top Government Priorities for Budget 2024

Building a Strong Foundation: Macroeconomic Management

As Jayant Sinha, Former Minister of State for Finance, rightly pointed out, ensuring economic stability is paramount. The Modi government's track record with macroeconomic management has been commendable, laying a solid foundation for sustained economic growth. Budget 2024 is expected to build upon this success by focusing on:

Fiscal Consolidation: Maintaining a healthy balance between government expenditure and revenue generation is crucial for long-term economic stability. The budget may target a gradual reduction in the fiscal deficit while ensuring sufficient spending on crucial sectors.

Inflation Control: The recent rise in inflation has put pressure on household budgets. The government might propose measures to control inflation, such as better supply chain management and strategic interventions in key sectors like food and energy.

Promoting Exports: Boosting India's export competitiveness will be vital in achieving sustained economic growth. The budget could introduce incentives for exporting companies, including tax breaks, infrastructure improvements, and trade agreements.

Prioritizing Social Welfare Schemes: Uplifting Lives

The Modi government's flagship social welfare programs have played a pivotal role in alleviating poverty and improving living standards. Budget 2024 is likely to continue emphasizing these initiatives, including:

Direct Benefit Transfers:

These schemes help ensure targeted and efficient delivery of financial assistance to beneficiaries. The budget may announce a potential increase in the allocation for schemes like PM Kisan Samman Nidhi (farmers' income support) and Ujjwala Yojana (clean cooking fuel for rural women).

Garib Kalyan Yojana:

This scheme provides financial assistance to vulnerable sections of society. The budget could address specific needs within the program, such as expanding healthcare coverage or enhancing skill development opportunities.

Ayushman Bharat:

This flagship health insurance scheme has expanded access to affordable healthcare. Budget 2024 could propose expanding the program's coverage, increasing its reach to a wider population, particularly in rural areas.

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