Union Budget 2024: Who gained the most? Who lost out?
5 months ago

Union Budget 2024: Who gained the most? Who lost out?

Firstpost  

Finance Minister Nirmala Sitharaman tabled her seventh consecutive Union Budget for 2024–25 on Tuesday. While NDA allies, India’s youth, middle-class, startups, and health sector have won big, equity markets and the plastic industry have incurred blows Finance Minister Nirmala Sitharaman tabled her seventh consecutive Union Budget for 2024–25 on Tuesday in Parliament. The revised slabs are: Rs 0 to Rs 3 lakh – Nil Rs 3 to Rs 7 lakh – 5 per cent Rs 7 to Rs 10 lakh – 10 per cent Rs 10 to Rs 12 lakh – 15 per cent Rs 12 to Rs 15 lakh – 20 per cent Over Rs 15 lakh – 30 per cent Sitharaman also increased the deduction on pension from Rs 15,000 to Rs 25,000. Jewellery, minerals & more Gold and silver customs duties have been lowered to six per cent and 6.4 per cent respectively, according to Sitharaman’s announcement. Sitharaman has additionally announced a 15 per cent reduction in basic customs charges on smartphones, chargers, and other mobile components, making them more reasonably priced.

India Bihar Tax Budget Customs Union Crore Centre Cent Lakh Sitharaman Nda Pradesh Nirmala Sitharaman Andhra Gaya Announced Health Sector Union Budget Customs Duties Nda Allies  customs  pradesh  union  announced  2024  rs  crore  cent  tax  lakh  lost  budget  andhra  gained

History of this topic

Budget 2024: Congress, CPI slam Centre for ignoring Puducherry
4 months, 4 weeks ago

Budget 2024: Congress, CPI slam Centre for ignoring Puducherry

The Hindu  

The Congress and the Communist Party of India have slammed the Centre for ignoring the development needs of Puducherry in the Union Budget. In separate statements, former Chief Minister V. Narayanasamy and CPI secretary A. M Saleem said the Union Budget was only meant to keep the allies of BJP happy. Despite BJP having a coalition government in Puducherry, the …

Union Budget 2024: INDIA Alliance to Protest Against Budget Today | ABP News
4 months, 4 weeks ago

Union Budget 2024: INDIA Alliance to Protest Against Budget Today | ABP News

ABP News  

Nirmala Sitharaman: On Tuesday, Finance Minister Nirmala Sitharaman presented the Union Budget. Key highlights include increased standard deductions and expanded benefits for new tax regime taxpayers, though some disappointment exists over higher short-term and long-term capital gains taxes and the removal of indexation benefits. The budget also targets job creation, skill development, and support for small businesses, with incentives for …

Opinion: Budget money in the Andhra wallet gives Chandrababu Naidu political wings
4 months, 4 weeks ago

Opinion: Budget money in the Andhra wallet gives Chandrababu Naidu political wings

India Today  

Two days before the Union budget was presented in Parliament, a source with his ear to the ground predicted that Chandrababu Naidu would have his stamp on the budget. Andhra Pradesh's capital city, Amaravati which till June 4 was a ghost town, now would get special financial support of Rs 15,000 crore this year, to be facilitated by the Centre …

How does the Union Budget impact politics?
4 months, 4 weeks ago

How does the Union Budget impact politics?

Hindustan Times  

The most interesting counterfactual as far as the 2024 election results are concerned is whether they would have been different had the interim budget been different. The 2024 interim budget, which came in the backdrop the BJP winning in these three states in 2023. did not do much with an eye on the elections. Will this focus on job-creation help …

Union Budget evokes mixed response from Andhra’s political leaders, industry bodies
5 months ago

Union Budget evokes mixed response from Andhra’s political leaders, industry bodies

The Hindu  

The Union Budget-2024, presented by Finance Minister Nirmala Sitharaman in the Lok Sabha on July 23, has evoked mixed response from political parties, trade unions and trade bodies. ‘No clarity on funds’ CPI State secretariat member K. Lokanadham said that the Union budget had ‘once again deceived A.P.’ by failing to give clarity on the amount of funds allocated to …

Lok Sabha polls leave their mark, Union Budget keeps key allies Bihar and Andhra close
5 months ago

Lok Sabha polls leave their mark, Union Budget keeps key allies Bihar and Andhra close

Hindustan Times  

There is little doubt that the outcome of the Lok Sabha polls on June 4 has cast its shadow on the Union Budget, as it was bound to. Finance minister Nirmala Sitharaman with the Union Budget 2024 Sops have been freely offered to Bihar and Andhra Pradesh, the TDP and JD, two allies that form the principal crutches of the …

Budget 2024: Govt meets allies’ demand, secures NDA’s longevity
5 months ago

Budget 2024: Govt meets allies’ demand, secures NDA’s longevity

Hindustan Times  

Financial assistance announced for Andhra Pradesh and Bihar by union finance minister Nirmala Sitharaman on Tuesday while presenting her seventh budget has come as a shot in the arm for the longevity of the Bharatiya Janata Party-led National Democratic Alliance coalition government at the Centre. To encourage religious tourism in the state, the budget has proposed Vishnupad Temple Corridor and …

Budget 2024: Not a word of ‘Telangana’, says Irrigation Minister Uttam Kumar Reddy
5 months ago

Budget 2024: Not a word of ‘Telangana’, says Irrigation Minister Uttam Kumar Reddy

The Hindu  

Telangana Irrigation and Civil Supplies Minister, N. Uttam Kumar Reddy has criticised Union Finance Minister Nirmala Sitharaman for ignoring Telangana in the Union Budget 2024 presented on Tuesday. For the first time since 2014, a separate chapter titled ‘Andhra Pradesh Reorganization Act’ was incorporated in the budget speech, but the Finance Minister did not mention the word ‘Telangana’ in her …

Budget: FM announces ₹15,000 cr for development of Andhra Pradesh’s new capital
5 months ago

Budget: FM announces ₹15,000 cr for development of Andhra Pradesh’s new capital

Hindustan Times  

Hyderabad: Union finance minister Nirmala Sitaraman on Tuesday presented her seventh Union Budget, announcing Rs.15,000 cr for Andhra Pradesh’s new capital Amaravati. Finance minister Nirmala Sitharaman with Union Budget portfolio The FM said that the government will ensure all efforts to fulfil the commitments in the Andhra Pradesh Reorganisation Act. Describing it as a lifeline of Andhra Pradesh, Sitharaman said …

Budget 2024: BIG announcement for Andhra Pradesh, Govt proposes Rs 15,000 crore to develop state capital
5 months ago

Budget 2024: BIG announcement for Andhra Pradesh, Govt proposes Rs 15,000 crore to develop state capital

India TV News  

Union Finance Minister Nirmala Sitharaman on Tuesday proposed that the government will facilitate special financial support for the development of the capital city in Andhra Pradesh. Presenting the Budget for 2024-25 in the Lok Sabha, she further said the NDA government at the Centre is fully committed to financing and early completion of Polavaram Irrigation project, which is considered as …

Chandrababu Naidu's first reaction on Budget 2024 after Centre's 'special allocations' for Andhra Pradesh
5 months ago

Chandrababu Naidu's first reaction on Budget 2024 after Centre's 'special allocations' for Andhra Pradesh

India TV News  

Union Budget 2024: Telugu Desam Party National President Chandrababu Naidu on Tuesday hailed the Union Budget 2024-25 and thanked Prime Minister Narendra Modi for recognising the needs of Andhra Pradesh. Taking to social media platform X, Chandrababu Naidu wrote, "On behalf of the people of Andhra Pradesh, I thank PM Modi and Finance Minister Nirmala Sitharaman for recognising the needs …

Union Interim Budget Proposes Rs 9,138 Crore for Railway Projects in AP for 2024-25 Fiscal
10 months, 3 weeks ago

Union Interim Budget Proposes Rs 9,138 Crore for Railway Projects in AP for 2024-25 Fiscal

Deccan Chronicle  

VIJAYAWADA: The total budgetary allocation for Railways in Andhra Pradesh for the 2024-25 fiscal is `9,138 crore, Railway Minister Ashwini Vaishnaw has said. He noted that the combined budget allocation for AP and Telangana regions during 2009-14 was only`886 crore, on average. South Central Railway general manager Arun Jain and other officials were present at the press meet at Rail …

Some gain, some pain for Andhra Pradesh in 2023 Budget
1 year, 10 months ago

Some gain, some pain for Andhra Pradesh in 2023 Budget

Deccan Chronicle  

VIJAYAWADA: Andhra Pradesh failed to get several of its proposals included in the Union Budget 2023. Notably, however, the Central Budget earmarked Rs 47 crore for AP Central University, Rs 168 crore for the Petroleum University, Rs 683 crore for Visakhapatnam Steel Plant, Rs 37 crore for the Tribal Universities of AP and TS, Rs 6,835 crore for 22 AIIMS …

Union Budget fails to enthuse delta region farmers in Tamil Nadu
1 year, 10 months ago

Union Budget fails to enthuse delta region farmers in Tamil Nadu

The Hindu  

The Union Budget has evoked mixed reactions from the farming community in the delta region. Terming the Budget unsatisfactory, P. Ayyakannu, president, Desiya Thennidia Nadigal Inaippu Vivasayigal Sangam, observed that there was nothing in the Budget to give comfort to the farmers. The Finance Minister’s move to earmark of ₹20 lakh crore for targeted agricultural credit and the initiative for …

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