Finance Minister Nirmala Sitharaman responded to Rahul Gandhi’s criticism of the traditional 'halwa' ceremony, which takes place before the Union Budget is announced. Gandhi had made fun of the ceremony, calling it "budget ka halwa," and criticized the event for not including diverse groups like Dalits, OBCs, and Adivasis. He pointed out that these communities were missing among the participants. Sitharaman defended the ceremony during a lively debate in the Lok Sabha on July 29. She addressed Gandhi’s comments, explaining the ceremony’s importance and responding to his concerns about diversity. Her reply aimed to clarify the purpose of the ceremony and counter Gandhi’s critique. Watch video for more.
31 July,2024 01:36 PM IST
Union Finance Minister Nirmala Sitharaman on July 27, refuted West Bengal Mamata Banerjee’s claims that her mike was put off during the NITI Aayog meet. While speaking to ANI, she accused TMC supremo of building a ‘narrative based on falsehood’. "CM Mamata Banerjee attended the Niti Aayog meeting. We all heard her. Every CM was given the allotted time and that was displayed on the screen which was present before every table...She said in the media that her mic was put off. That is completely false. Every CM was given their due time to speak...It's unfortunate that the chief minister of West Bengal, Mamata Banerjee has claimed that her mic was switched off which is not true...She should speak the truth behind this rather than again build a narrative based on falsehood," Nirmala Sitharaman
27 July,2024 08:28 PM IST
The Union Budget 2024 was announced on 23rd July by Finance Minister Nirmala Sitharaman. While the budget touched upon varied sectors of priorities for the government, it has raised several questions for the middle class. Are the taxes simplified enough? Will the standard deductions given matter much? What should be the right approach to investing? In the episode of Money Matters, Certified Financial Planner and SEBI Registered Investment Advisor Kalpesh Ashar in conversation with Mid-day’s Katyayani Kapoor explains various aspects of personal finance related to this year’s budget. From the widening of the tax slabs, raising STT on F&O, and raising taxes on Capital Gains to the new pension scheme for minors, in this video Kalpesh Ashar busts the myth and explains how these reforms can impact you.
24 July,2024 07:05 PM IST
In a 1 hour and 25-minute budget speech, Finance Minister Nirmala Sithraman highlighted 9 priority areas namely - Agriculture, Employment, Inclusive Development, Manufacturing and Services, Urban Development, Energy, Infrastructure, Innovation and R&D, and Next Generation Reforms. The Union Budget saw some major tax reforms, especially for the investors and in personal taxes for the new regime taxpayers. When it comes to Education and Employment, several employment-linked incentive schemes for employees and employers have been announced. The MSME and the manufacturing sector has got a major boost too. There have been significant reforms in the Social Justice and Infrastructure segments too. Here is a peek into the Union Budget 2024 highlights.
24 July,2024 04:30 PM IST
Today on 23rd July, Finance Minister Nirmala Sitharaman announced her 7th Union Budget 2024 speech. The finance minister announced 9 priorities of the current government which included employment and skilling as one of the key areas of focus. Several employment-linked incentive schemes for employees and employers during her her speech. This encompassed supporting First-Time Job Seekers, Job Creation in the Manufacturing sector, Internship Schemes, Support to employers, Support for Working Women, and skilling and training. Here are the highlights of the planned initiatives to boost the employment generation in the country. What do you feel about these schemes for boosting employment in the country? Do let us know in the comments section below.
24 July,2024 01:21 PM IST
The last date of ITR filing 2024 is 31st July which is close. In all, there are 7 types of ITR forms that need to be filed according to the respective eligibility criteria. Filing the wrong form can lead to defective filing making your submission invalid. If you need clarification about what ITR form to file, worry not! In this episode of Money Matters, CA Nitesh Buddhadev explains ITR 1, 2, 3 and 4. Whether you're a salaried employee, a freelancer, or a business owner, this video will provide the clarity you need to choose the right ITR form and file your taxes with confidence.
24 July,2024 01:16 PM IST
The finance minister today announced the Union Budget 2024. When it comes to taxes, in her budget speech, she mentioned that the government’s focus is to simplify taxation. The Union Budget saw some major tax reforms, especially for the investors. However, the personal income tax was not untouched. While there were no surprises or shocks for the people opting for the old tax regime, there were two announcements made for those opting for the new tax regime. The reforms in the Capital Gains Tax Regime and the F&O trades sent the Nifty 50 and Sensex slumping. However, in a major boost to the startups, abolishment of the Angel tax comes as a bold move. Here are the major Tax reform highlights.
23 July,2024 06:20 PM IST
Finance Minister Nirmala Sitharaman's presentation of the Union Budget 2024 on July 23 has drawn criticism from opposition leaders.West Bengal CM Mamata Banerjee slammed BJP for lacking direction, neglecting people's needs, and making empty promises during elections, especially towards Darjeeling and Kalimpong. Congress President Mallikarjun Kharge described it as disappointing, suggesting it primarily serves to bolster the government's position rather than address pressing issues. He lamented the perceived neglect of promises made versus outcomes achieved. Samajwadi Party's Dimple Yadav echoed similar sentiments, emphasizing unfulfilled promises and concerns over women's safety and rural purchasing power. Akhilesh Yadav highlighted unresolved farmer issues and youth employment as critical unaddressed areas. Congress MP Shashi Tharoor called the budget underwhelming, citing inadequate focus on issues like MNREGA and common man's income improvement.
23 July,2024 05:22 PM IST
Finance Minister Nirmala Sitharaman presented the Union Budget 2024 on July 23. Uttar Pradesh CM Yogi Adityanath praised the new Union Budget presented under PM Modi's leadership, calling it inclusive and development-focused, aimed at fulfilling the aspirations of India's 140 crore people. He highlighted the budget's vast potential for development and noted significant allocations: Rs 1,52,000 crore for farmers' prosperity and over Rs 3 lakh crore for women's empowerment. CM Yogi expressed confidence that these provisions will greatly benefit Uttar Pradesh. He also welcomed the new tax slabs introduced in the budget, seeing them as favorable steps. Watch video for more.
23 July,2024 05:13 PM IST
Finance Minister Nirmala Sitharaman presented Union Budget 2024 on 23rd July. Prime Minister Narendra Modi praised the Union Budget 2024-25, saying it will boost the country's economic growth. He emphasized that the budget aims to uplift every section of society, especially villages, the poor, and farmers, towards prosperity. Highlighting achievements, he mentioned that 25 crore people have risen out of poverty in the last decade. PM Modi described the budget as supportive of the new middle class and stated it includes robust plans for empowering tribal communities, Dalits, and backward classes. He believes the budget will strengthen the middle class and contribute significantly to social empowerment across India.
23 July,2024 04:04 PM ISTADVERTISEMENT
