India’s Finance Minister Sitharaman Presents Union Finances 2024, Focuses on Employment, Tax Reduction
India’s Finance Minister Nirmala Sitharaman introduced the Union Finances 2024-25 within the Parliament, making it the primary funds of Prime Minister Narendra Modi’s third time period. This was Nirmala Sitharaman’s seventh consecutive funds as finance minister. In her speech, Nirmala Sitharaman introduced an allocation of greater than ₹3 lakh crore for schemes benefitting ladies and ladies. She additionally revised the construction within the new tax regime, whereas the slabs in outdated regime stay unchanged. The Finance Minister additionally stated that customized obligation on cell phones, equipment, and chargers has been lowered to fifteen%. The federal government has additionally proposed discount in fundamental customs obligation on gold and silver to six% and platinum to six.4%.
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