The meeting focused on business performance, upgrading digital technology services, and fostering business growth in activities allied to agriculture and micro and small industry.
Union Finance Minister Nirmala Sitharaman sought enhanced support from international financial institutions to achieve Sustainable Development Goals (SDGs).
As announced by Finance Minister Nirmala Sitharaman in the 2024-25 Union Budget, the limit of Mudra loans under the Pradhan Mantri Mudra Yojana (PMMY) has been enhanced from current Rs 10 lakh to Rs 20 lakh.
Union Finance Minister Nirmala Sitharaman stressed upon a balanced approach between development priorities and climate action during her address at the G20 meet.
Union Minister Sitharaman said that no country, whether the US which is far away or China which is very close cannot ignore India.
The five members of the Sixteenth Finance Commission’s Advisory Council are Dr. D.K. Srivastava, Neelkanth Mishra, Dr. Poonam Gupta, Pranjul Bhandari, and Rahul Bajoria.
The Pre-Budget consultations for Union Budget 2024-25 were concluded on 5th July 2024, the Ministry of Finance said on Sunday.
"In the case of demand notices issued for 2017-18, 2018-19, 2019-20, interest and penalty will be waived off, if tax is paid by March 31, 2025," Nirmala Sitharaman said.
Another key announcement that the minister made is that now hostels which are for students but are not in educational institutions are also getting exempted.
Nirmala also chaired the first pre-Budget consultations with leading economists on June 19.
