Admin (CCI Team) (12880 Points)
23 July 2024Share your views on Union Budget 2024-2025
https://www.caclubindia.com/bu
History in the Making! Today, Finance Minister Nirmala Sitharaman is set to deliver her seventh Union Budget, breaking the record of six budgets previously held by Morarji Desai. #Budget2024
Mita Basak
(Professional)
(1921 Points)
Replied 23 July 2024
#Budget2024 Nirmala Sitharaman set to present her historic 7th Budget
Mitali
(Finance Professional)
(14992 Points)
Replied 23 July 2024
Budget theme this year on 5 factors: Employment, skilling, MSMEs and middle class.#FinanceMinister
Mitali
(Finance Professional)
(14992 Points)
Replied 23 July 2024
As mentioned in the interim Budget, we need to focus on 4 different castes, the poor, women, youth and the farmer.
For farmers:
Aisha
(Finance Professional)
(8099 Points)
Replied 23 July 2024
1 crore farmers to be initiated into natural farming over 2 years.#FM
Ayush
(Executive )
(6760 Points)
Replied 23 July 2024
Focus On 9 Priorities:
Mitali
(Finance Professional)
(14992 Points)
Replied 23 July 2024
India’s inflation continues to remain low, stable and moving towards the 4% target, while core inflation is at 3.1 per cent.
Core inflation is a measure arrived at by subtracting the prices of fuel and food.#UnionBudget2024
Neha
(ENTREPRENEUR)
(200 Points)
Replied 23 July 2024
New 109 high-yielding and climate resilient varieties of 32 field and horticulture crops will be released for cultivation by farmers.#Budget2024
Mita Basak
(Professional)
(1921 Points)
Replied 23 July 2024
PM Package of 5 schemes to be announced to facilitate employment and skilling at Rs 2 lakh crore #FM
Mitali
(Finance Professional)
(14992 Points)
Replied 23 July 2024
Skilling loans: model skill loans schemes for up to 7 lakh rupees will benefit 25,000 students every year.#FinanceMinister
Nayan Medic
(Professional + Student)
(323 Points)
Replied 23 July 2024
Financial support for loans of up to 10 lakh for higher education at domestic institutions to be given directly to 1 lakh students every year for annual interest subvention of 3% of loan amount.#FinanceMinister
Ayush
(Executive )
(6760 Points)
Replied 23 July 2024
Tax Revenue:
• The Interim Budget projects gross tax revenue at ₹38.31 lakh crore for 2024-25, reflecting an 11.46% growth over the previous fiscal year.
• This includes ₹21.99 lakh crore from direct taxes (personal income tax and corporate tax) and ₹16.22 lakh crore from indirect taxes (customs, excise duty, GST).
GST:
• Goods and Services Tax (GST) collection for 2024-25 is estimated to rise to ₹10.68 lakh crore, an increase of 11.6 per cent.
Mitali
(Finance Professional)
(14992 Points)
Replied 23 July 2024
Benefits for new and additional employment to propel growth.
Three schemes are being announced which include 1 month wage upto 15,000 for first time employee with salary upto Rs.100,000.
Benefit will disbursed in three Installment.#UnionBudget2024
Mita Basak
(Professional)
(1921 Points)
Replied 23 July 2024
The Finance Minister announced that increasing the participation of women in the workforce will be a priority. This will be facilitated by setting up hostels and creating partnerships to organize women-specific skilling programs. #UnionBudget2024
Mitali
(Finance Professional)
(14992 Points)
Replied 23 July 2024
The request from Bihar government for external assistance from multilateral development banks will be expedited.
Four expressway and bridge projects worth ₹ 26,000 crores for Bihar.#FinanceMinister
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