Budget 2024: New employment-linked incentives for employees; ₹1.48 lakh crore allocation for education, employment, skill

New Delhi, July 24, 2024. Presenting the Budget, Ms. Sitharaman said the standard deduction for salaried employees will be hiked to ₹75,000, from ₹50,000 under the new income tax regime in FY25. The Union Budget 2024-25 identified nine priorities for generating ample opportunities — Productivity and Resilience in Agriculture, Employment and Skilling, Inclusive Human Resource…

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Budget 2024 Corporate Reactions

New Delhi, July 23, 2024. Ms. Shanti Ekambaram, Deputy MD, Kotak Mahindra Bank, Said ‘’The finance minister prioritized nine key areas, aiming to benefit the poor, women, youth, and farmers. These areas include agriculture, employment, skilling, and manufacturing. The infrastructure outlay remained at 11 lakh crores, with a focus on housing. The fiscal deficit target…

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Budget 2024: Budget focuses on making India $5 trn economy; market reactions

New Delhi, February 01, 2024. Union Finance Minister Nirmala Sitharaman presented the interim Union Budget 2024 on February 1, following which reactions from industries and markets have come in Manish Kothari, President & Head, Commercial Banking, Kotak Mahindra Bank Ltd, Said “A directionally positive interim budget – supporting continuity of all critical commitments made by…

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