Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent, exempted life-saving gene therapy from tax, and extended the GST exemption for parts used in manufacturing (SAM).
With an aim to evaluate key financial metrics, Finance Minister Nirmala Sitharaman is set to convene a crucial review meeting to assess the performance of Public Sector Banks (PSBs) and Regional Rural Banks (RRBs).
With a Central outlay of Rs. two lakh crore the package is aims to benefit 4.1 crore youth over five years.
Finance Minister Nirmala Sitharaman is set to present the Union Budget 2024 in Parliament today
Union Finance Minister Nirmala Sitharaman will table the Economic Survey 2023-24 along with a statistical appendix in Parliament on Monday, a day ahead of the Union Budget.
The revival in exports was also helped by timely initiatives taken by the Government.
Total outlay for the mission is Rs.3.60 lakh crores.
Sitharaman, who reached Srinagar today, also observed that the income tax office will provide an enabling environment for people’s participation in the development of the region.
The UK-India economic relationship is already strong with bilateral trade of over £18bn in 2020, supporting nearly half-a-million jobs in each other’s economies.
Quite the most striking feature of Wednesday's presentation was that cash would be transferred directly to as many people as feasible. This is easier announced than accomplished not the least because the number of potential beneficiaries has been indeterminate even on budget day, let alone the formalities that will have to be observed. The economic condition of the people, most particularly in rural Bengal, has to improve if the state is to be rescued from the cusp of poverty. Dirigisme must of necessity be beneficial.
