Union Budget 2024 LIVE Updates: Custom duty on gold, platinum & silver slashed

Latest News LIVE Updates: Chandrababu Naidu thanks Centre for recognising Andhra`s needs in Union Budget

Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday thanked the Central government for recognising the needs of the state in the Union Budget for fiscal 2024-25 by focusing on the capital city, Polavaram project, industrial nodes and development of backward areas. (PTI)

Union Budget 2024 LIVE Updates:  Budget focused on posturing than action, `copy-paste govt` borrows from Nyay Patra, says Congress

The Congress on Tuesday slammed the Union Budget as being "more focused on posturing than action" and claimed that the "copy-paste government" has borrowed heavily from the party`s manifesto for the Lok Sabha polls. The opposition party also claimed that the government had "tacitly" admitted that "mass unemployment is a national crisis", and said the budget has "political compulsions written all over it". Finance Minister Nirmala Sitharaman presented the Budget for 2024-25, her 7th straight presentation, surpassing the record of former prime minister Morarji Desai. This was the first Budget during Prime Minister Narendra Modi-led government`s third term in office.

Union Budget 2024 LIVE Updates: Industry hails Budget 2024-25 as a game-changer for economic growth and reforms

The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman on Tuesday, has garnered positive reactions from industry leaders who highlight its comprehensive approach to fostering economic growth, ease of doing business, and structural reforms. Sanjiv Puri, President of the Confederation of Indian Industry (CII), lauded the budget for its wide-ranging investments across multiple sectors. He emphasized the budget`s focus on simplifying business processes and legislative frameworks.

Union Budget 2024 LIVE Updates:  Shashi Tharoor dubs the budget as "underwhelming", welcomes proposal to abolish angel tax

Congress MP Shashi Tharoor called the Union Budget 2024-25, presented on Tuesday, as "underwhelming" and said that there was no mention of key issues facing the common man. Tharoor welcomed the budget proposal to abolish the angel tax and claimed that he recommended the same to former Finance Minister Arun Jaitley five years ago. "It is an underwhelming budget. I didn`t hear anything about the key issues facing the common man. There is no mention of MNREGA, and insufficient mention of steps taken to improve the income of a common person," Tharoor told ANI on Tuesday.