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.
In July 2023, the board of directors of the IOC approved raising capital through the issuance of equity shares on a right basis.
The Union Budget for 2024-25, presented by finance minister Nirmala Sitharaman on 3 July, has generated a diverse range of responses from stakeholders concerned with environmental sustainability.
Indian startups successfully raised $1.03 billion in July as the government abolished angel tax in the Union Budget 2024-25 which was levied on foreign investors, according to a report on Saturday.
The Delhi finance minister pointed out that Delhi’ites paid Rs 15,59,933 crore as income tax to the Central government and got only 0.48 per cent, Rs 7,534 crores, in return.
The first post-election Union Budget has sparked significant interest, particularly due to its dual focus on job creation and rural development.
The 50 per cent Standard Deduction relief is going to benefit the entire salaried class, Sachdeva added.
He said out of the total allocation made for this sector, Rs 1,08,000 crore has been given for safety-related provisions.
She said that despite Delhi contributing Rs 2.32 lakh crore in taxes to the Central government, not even a penny has been given to Delhi, and added that this was despite the city's demand for allocation to the Municipal Corporation of Delhi(MCD).
“The first budget of the third term of the successful Prime Minister Narendra Modi was presented today. The seventh budget of Finance Minister Nirmala Sitharaman is a budget of vision and determination. This budget ensures development for all”, he stated.
