Search Results for: Ministry of defence

Indexation removal on real estate won't hike tax burden, has limited impact

Indexation removal on real estate will have limited impact: FM

Amid the growing chatter over the removal of indexation benefit in the long-term capital gain (LTCG) calculation, Finance Minister Nirmala Sitharaman has stressed that the move is not a "revenue-raising measure" and will not lead to a higher tax burden on real estate transactions. Jul 25, 2024
Union Finance Minister Nirmala Sitharaman, Minister of State in Finance Pankaj Chaudhary and other members of finance ministry leave to present the budget in Parliament

How full Budget 2024 compares with Interim Budget: Explained

The Union Budget 2024-25 focuses on empowering youth, women, farmers, and the poor, with significant allocations for employment and skilling. Fiscal consolidation is strengthened, with a reduced fiscal deficit target and lower planned gross market borrowing. Revised tax slabs and a comprehensive review of the Income Tax Act aim to simplify tax compliance and boost sectors. The budget retains a high allocation for the Ministry of Defence, promoting 'Aatmanirbharta' in Defence technology and manufacturing. Jul 24, 2024
No special status to Bihar, reiterates Centre in Lok Sabha; RJD takes 'toy' jibe

No special status to Bihar, reiterates Centre in Lok Sabha; RJD takes 'toy' jibe

The Centre on Monday ruled out special status to Bihar, a long-standing demand by the state-based parties including BJP's key ally JD (U). The rejection of special status resulted in pointed jibes from Lalu Yadav's Rashtriya Janata Dal (RJD) which also demanded the resignation of Bihar Chief Minister Nitish Kumar. Jul 22, 2024
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