Nirmala Sitharaman Presents Historic 2024-25 Budget.
Finance Minister Nirmala Sitharaman is set to present the Union Budget 2024-25 at 11 am today, marking her seventh consecutive budget presentation and the first for the Modi 3.0 government. The budget is expected to focus on infrastructure development and social welfare schemes, with anticipation for tax relief and economic boosts for the middle class and job creation. This budget presentation is considered a historic moment as it surpasses the record of former Prime Minister Morarji Desai.
#Budget #BudgetDay
#BREAKING Statement from Vice President #KamalaHarris : Tonight, I am proud to have earned the support needed to become our party’s nominee.
Over the next few months, I'll be traveling across the country talking to Americans about everything on the line. I fully intend to unite our party and our nation, and defeat Donald #Trump.
@KamalaHarris
Recently @elonmusk said he is fighting with #WokeMindVirus ..
The "woke mind virus" is a term used to describe a perceived trend in society where individuals or groups are seen as overly focused on issues of social justice, often to the point of becoming intolerant of differing opinions. This term is often used in a critical manner by those who believe that this focus on social justice issues is causing more division and harm than good.
Indian Stocks Plummet Post Sitharaman's Budget.
#Budget2024
The Indian stock market reacted negatively to the Union Budget 2024 presented by Finance Minister Nirmala Sitharaman. The Sensex and Nifty indices experienced significant declines, with the Sensex falling by over 1,000 points to below the 80,000 mark and the Nifty 50 trading at 24,200, down by over 300 points. The market's downturn was attributed to the budget's failure to cheer investors, with no significant income tax relief announced except for a slight increase in the tax slab for those earning Rs 7 lakh or less. The budget also included an increase in the Securities Transaction tax for Futures and Options (F&O) and a hike in long-term and short-term capital gains tax rates. The market's negative reaction led to a decline in most sectoral indices and a general sense of disappointment among investors.
India #Budget 2024 Summary :
The India Budget 2024, presented by Finance Minister Nirmala Sitharaman, focuses on several key areas and introduces new initiatives aimed at boosting the economy and supporting various sectors. Here is a summary of the budget:
1. **Fiscal Deficit and Receipts**:
- The fiscal deficit for FY2024-25 is targeted at 4.9% of GDP.
- Total receipts other than borrowings are estimated at Rs 32.07 lakh crore, and total expenditure is estimated at Rs 48.21 lakh crore.
- Net tax receipts are estimated at Rs 25.83 lakh crore.
2. **Agriculture and Allied Sectors**:
- Rs 1.52 lakh crore has been allocated for the agriculture and allied sectors.
- The budget aims to enhance productivity and resilience in agriculture.
- Initiatives include the establishment of 10,000 bio research centers and support for natural farming.
3. **Infrastructure and Urban Development**:
- The capital expenditure outlay for FY2024-25 is increased by 11.1% to Rs 11.1 lakh crore.
- The budget focuses on enhancing infrastructure and urban development.
4. **Education and Employment**:
- The budget allocates Rs 1.48 lakh crore for education and employment.
- Initiatives include providing internship allowances to 1 crore youth in 500 top companies.
5. **Defence Sector**:
- Rs 4.56 lakh crore is allocated towards defence expenditure for FY2025.
6. **Tax Changes**:
- The budget proposes changes to the tax structure, including adjustments to long-term and short-term capital gains taxes.
- The limit of long-term capital gains exemption is increased to Rs 1.25 lakh from Rs 1 lakh.
7. **Housing and Real Estate**:
- The government plans to provide 3 crore additional houses under the PM Awas Yojana.
8. **MSMEs and Startups**:
- The budget includes measures to support MSMEs and startups, such as a new MSME guarantee scheme for loans up to Rs 100 crore.
9. **Other Initiatives**:
- The budget introduces a scheme for skilling youth and focuses on supporting women, youth, and the poor.
- Initiatives also include the establishment of bio-manufacturing and bio-foundry schemes.
This summary highlights the key areas of focus in the India Budget 2024, aiming to boost economic growth, support various sectors, and improve the overall well-being of citizens.
#Budget2024
#BudgetDay
Working in corporate - Sucks!
Working in BPO - Sucks!
Working as a freelancer- Sucks! Plus ghar walon se beizzati
Working in government job - Sucks! Kyoki can’t match NCR weekends and Fancy days in offices!
In the end, I believe all I want is to learn to enjoy this SuckSESS!
Went through Austin's work in 2019, from then onwards I'm really fond of his curating side of storytelling.
He's not just a storyteller and growth hacker but a man with empathy! It's Amazing! His art holds me because his creativity has a great strength ❤️ #BooksWorthReading
ख़ुद के साथ बैठ पाना सबसे कठिन परीक्षा है। हम अक्सर अपने लक्ष्य के साथ बैठकर गप्पे मार लेते हैं। ख़ुद के साथ बैठकर अपनी आत्मीय छिलकन नहीं उतारते। कविताएं एक धार है, ऐसी छिलकनो पर!
कुछ लोगों ने मुस्कुराना बेहद देर से सीखा, नहीं! हंसते वो पहले भी थे ठहाका लगा के हंसते थे, लेकिन मुस्कुराना कैसी भी परिस्थिति पर कसा गया सबसे प्यारा कटाक्ष है।
#rehbir#hindipoems#muskurana#smile#lifequotes#Healing
कुछ गीत यूहीं होते हैं।
कुछ गीत प्यारे होते हैं,
कुछ गीत ..अपने होते हैं!
यह 'यूहीं' से 'अपने' होने तक के सफ़र में ही है जितनी ज़िंदगी है...बाकी तो बस सांसें अंदर बाहर हो रही है।