Saturday, May 18, 2024
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Finance Minister

While the interim budget 2024 just indicated what might come in the full budget in July, some major announcements on education and innovation have been received well by the edtech sector

The extension of tax benefits for start-ups, investments by sovereign wealth or pension funds, and exemptions for certain IFSC units till March 31, 2025, got a big thumbs up from industry players

During her opening speech at the Global Fintech Fest, the Finance Minister highlighted fintech's role as a dynamic tool for financial inclusion in India

Finance Minister Nirmala Sitharaman has announced that a 28 per cent GST on the full-face value of bets placed on online games will be implemented from October 1

During a Twitter live session, Chandrasekhar said he heard that over $200 million of start-ups' deposits have been transferred to GIFT City bank

From amending 42 central laws to making the Permanent Account Number (PAN) a common identifier, the finance minister (FM) announced a series of measures in the parliament on February 1, 2023

In Budget 2023, the education sector saw a hike of around 8 per cent, with an allocation of Rs 1.12 lakh crore against the Rs 1.04 lakh crore allocated last time

In the Union Budget 2023, Finance Minister Nirmala Sitharaman increased the budget allocation for MSME sector and announced new initiatives such as a revamped credit scheme and an entity DigiLocker

In addition to standardisation of battery packs, electric vehicle manufacturers hope for a well-defined battery recycling policy and elimination of import tax on lithium-ion batteries in the Union Budget 2023

A focus on the development of infrastructure through dedicated allocation to the logistics sector will allow for more developments, including building a greener logistics sector