Finance Minister Nirmala Sitharaman on Thursday introduced the new Income Tax Bill in the Lok Sabha, following cabinet approval. The proposed legislation is set to replace the Income Tax Act, 1961, while the Union government says it aims to modernize and simplify India’s tax structure.
Union Finance Minister Nirmala Sitharaman presented her eighth consecutive Union Budget on Saturday highlighting measures aimed at economic growth, infrastructure development, and tax reforms.
Finance Minister Nirmala Sitharaman will be presenting her eighth consecutive Budget today (February 1) at 11 am. This is the Narendra Modi government’s first full-year budget in its third term, being presented amid a slowdown in economic growth to a four-year low.
The Economic Survey tabled by Finance Minister Nirmala Sitharaman Friday projected India’s gross domestic product (GDP) to grow between 6.3 per cent and 6.8 per cent in the next fiscal year.
Following the Bengaluru police registered an FIR against Union Finance Minister Nirmala Sitharaman for her alleged involvement in extortion and criminal conspiracy through the now-scrapped electoral bond scheme, the Congress on Sunday demanded the union minister’s resignation and a Supreme Court-monitored SIT probe into the allegations.
Kursi Bachao Budget: How Opposition leaders react to Union Budget 2024: Opposition leaders in India were left fuming on Tuesday as Finance Minister Nirmala Sitharaman presented the Budget proposal for 2024.