union budget 2024

Capital gains tax rules on Property changed from July 23, 2024. Long-term gains now face a 12.5% tax without indexation, a shift from the previous 20% with indexation. However, those who bought property before this date can choose the old or new system. Exemptions under Sections 54, 54F, and 54EC remain available.

Meta CEO Mark Zuckerberg, in leaked audio from an April 30 all-hands meeting, confirmed the company is tracking employee keystrokes, mouse movements, and screen activity to train its AI models—and admitted Meta deliberately withheld details to protect its competitive edge. The audio, obtained by More Perfect Union, reveals Zuckerberg justified the surveillance by saying Meta employees are smarter than outside contractors. The disclosure came days before Meta began laying off 8,000 workers.

Sitharaman also pointed out that apart from higher crude oil prices, fertiliser prices have reached “unimaginable” levels, while elevated gold prices are creating challenges on the external sector front.

MoRTH Directs UT To Issue LoA To Lowest Bidder

In an urgent meeting held in Hiroshima, representatives from Antarctic Treaty countries gathered to confront the increasing dangers posed by climate change and rising tourist activity. Once a sanctuary for scientific exploration since 1959, Antarctica now grapples with the consequences of melting ice that threatens the survival of majestic emperor penguins and attracts global interest in its untapped resources.

Spirit Airlines, a prominent low-cost carrier, has ceased operations after 34 years, citing an immediate shutdown. The airline's abrupt closure follows failed federal intervention and mounting financial losses exceeding $2.5 billion since 2020. This development impacts approximately 17,000 employees and cost-conscious travelers.

Parliament considers crucial delimitation bills, raising concerns for democratic legitimacy and India's federal balance. These proposals could alter political power distribution significantly. The article argues for careful deliberation and public consultation before any constitutional changes are enacted. Statesmanship demands scrutiny, not speed, to ensure fairness and preserve the Union's integrity.

Hoax bomb threats are causing widespread fear and disruption across India, with incidents ranging from children seeking holidays to adults with malicious intent. These false alarms necessitate costly security responses, evacuations, and create significant public anxiety. Authorities are emphasizing the serious legal repercussions for such acts, regardless of the perpetrator's age or motive.

President Trump is again threatening to withdraw the US from Nato, citing allies' financial contributions and their refusal to join efforts to secure the Strait of Hormuz. Despite US military dominance, European nations are increasing defense spending, partly as a hedge against potential US withdrawal. This move could destabilize global security.

In the union budget 2024, Finance Minister Nirmala Sitharaman emphasizes technology for economic growth, social inclusion, and productivity. Key features include accelerating digital transformation, improved data governance, and sectoral productivity reforms. Focus on MSMEs involves financing, regulatory changes, and technology support. Labour-intensive manufacturing targets global competitiveness, leveraging Digital India mission databases for enhanced efficiency.

Finance minister Nirmala Sitharaman will present the union budget 2024. It is the first full budget of the new government, crucial for tech industry expectations. Salesforce India CEO Arundhati Bhattacharya emphasizes IT job creation, rural upskilling, competitiveness, AI, government tech adoption (CoWIN, UIDAI, UPI, Digiyatra), infrastructure, GCCs, wealth distribution, and ease of business.

Budget speech 2024 date, time: Budget 2024 will likely announce a record capital expenditure with particular focus on roadways and Indian Railways. Additionally, the common man, salaried taxpayers and middle class are looking at the union budget 2024 for income tax relief

Get ready for a game-changing union budget 2024 as Finance Minister Nirmala Sitharaman unveils key financial plans. With high expectations from taxpayers and industries, this budget speech is set to shake up the nation's financial landscape. Stay tuned for the live broadcast to witness the impact of this historic event!

In the union budget 2024-25, Finance Minister Nirmala Sitharaman abolished the angel tax to aid startups amid a funding slump. The 'eligible startup' definition expanded; DPIIT recognises 1,17,000 startups with turnover limits. 2023 funding dropped to $8.8 billion from $25 billion in 2022, with only two new unicorns emerging. India's startup ecosystem is the world's third largest.

Budget 2024 expectations: The pharmaceutical industry has some key expectations from the union budget 2024, which will provide further impetus to this sunrise sector and contribute to the nation’s future.

Finance Minister Sitharaman's union budget 2024 introduces middle-class tax relief, historic seventh consecutive budget, and significant aid for Bihar and Andhra Pradesh. Social media buzzes with memes. Economic Survey outlines India's economic performance and future prospects, setting the stage for development and growth.

Nearly 27 lakh electricity workers are set to strike nationwide against the proposed Electricity (Amendment) Bill, 2025. The bill aims to introduce competition by allowing multiple distributors in one area, but faces opposition from workers, farmers, and unions concerned about privatization, job losses, and potential tariff hikes.

Budget 2024 expectations: The EY expert’s key expectations from the Budget are that there should be a further impetus to the residential segment.

The NDA government announced a series of development projects for Bihar in the union budget 2024-25. This includes the development of temple corridors, construction of highways, and setting up airports, medical colleges, and sports infrastructure in the state.

As India eagerly awaits the union budget 2024-25, education stakeholders are calling for significant reforms and increased investments in school education. Key demands include GST exemptions for economically disadvantaged students, higher budget allocations, enhanced digital learning infrastructure, comprehensive teacher training, and inclusive education policies. Experts emphasize the need for transformative measures to foster innovation, accessibility, and quality in the education system, ensuring a brighter and more equitable future for all students.

Union Finance Minister Nirmala Sitharaman presented the union budget 2024 today, July 23. During the presentation, she unveiled that the government has allocated Rs 1.48 lakh crore to education, employment, and skilling. The education budget focused on several topics, ranging from boosting the skill development sector to internship opportunities and the Anusandhan National Research Fund. Check the major highlights for the education sector in the 2024-25 Union Budget.

India's finance ministry targets reducing the fiscal deficit to 4.5 percent by FY26. Analysts anticipate Sitharaman to uphold the government's focus on infrastructure spending in the Interim Budget 2024. The government anticipates a 7.3 percent growth in the Indian economy for the current financial year, with private investment projected to grow by 10.3 percent. There is speculation that the government might revise the budget deficit target for FY25 to 5.2 percent of the GDP. Concerns have been raised about the increased government expenditure on capital expenditure.

Budget 2024 expectations for housing: It goes without saying that builders and developers have a substantial role to play in the construction of green housing projects. Budget 2024 is likely to introduce incentives specifically tailored to encourage their involvement in such projects.

union budget 2024 is eagerly awaited by the education sector, seeking increased allocations and a robust foundation for the National Education Policy (NEP). Stakeholders anticipate a focus on effective NEP implementation, enhanced funding for design education, and technological advancements to propel education towards a brighter future.

Ahead of union budget 2024, the DoT’s meetings aim to shape India's telecom future. Minister Jyotiraditya Scindia emphasized collaboration to achieve the Prime Minister’s vision. Six advisory committees provide recommendations. The government commits to digital transformation, internet expansion, last-mile connectivity, and developing actionable plans with industry leaders to create economic value and advance the sector.