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.
This is the right time for the Chief of Defence Staff to intervene and fight for the modernisation of the armed forces lest we are again caught with our pants down as in 1962. The defence strategists have failed to analyse as to why the Modi government is not giving priority to defence modernisation when a severe threat from our adversaries is lurking. Pakistan's defence budget is about 3.5 per cent of GDP whereas China's is about 4 per cent of GDP. India's budget should at least be about 3 per cent of GDP if not more, notwithstanding the economic slowdown
'We are willing to spend if we have to. But we will not repeat past mistakes of splurging,' she said.
The defence budget hiked by 6 per cent to Rs 3.37 lakh crore which was earlier Rs 3.18 lakh crore. The total budget with defence pensions goes upto Rs 4.7 lakh crore.
Finance Minister also said the government has fixed a target to relax fiscal deficit by 0.5 per cent.
Kejriwal further questioned why people should vote for the saffron party as it has disappointed the city just before the Assembly elections.
