Finance Minister Nirmala Sitharaman sets a robust nominal GDP growth target of 10.5 per cent for FY25, emphasizing India’s economic resilience amid global uncertainties and strategic policy effectiveness.
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“The fiscal consolidation path announced by me in 2021 has served our economy very well, and we aim to reach a deficit below 4.5 per cent next year,” stated Nirmala Sitharaman while presenting the Union Budget 2024 on Tuesday in…
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Government to Launch Comprehensive Internship Programme with CSR Support.
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State-owned banks will develop a new credit assessment model for MSMEs, moving away from traditional asset or turnover-based assessments.
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While presenting the Union Budget 2024-25, Finance Minister Nirmala Sitharaman emphasized tax simplification, improved taxpayer services, and reduced litigation, aiming to drive India’s development and economic growth.
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The rate of income tax will be maintained at companies where turnover does not exceed Rs 400 crore.
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