Budget 2024: Interim Budget News, Latest Budget Updates, Announcement, FM Nirmala Sitharaman

UNION BUDGET 2024

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Updated : Feb 06, 2024

Exclusive: EAM S Jaishankar On The Challenges Facing India And The World

Dr S Jaishankar, India's External Affairs Minister, graciously joins us for an enriching stroll through Delhi's Nehru Park. During his conversation with Rahul Kanwal, Executive Director, Business Today for the show ‘Jab We Met’, the Minister delves into the core themes of his latest book, 'Why Bharat Matters', and offers insights into pressing foreign policy matters. We explore various topics, from the current state of relations with the US in light of recent events, such as Nijjar's killing, to the potential implications of the U.S. Presidential elections, particularly if Donald Trump secures another term. Additionally, Dr Jaishankar provides astute analysis on ongoing challenges including the complex dynamics with China, tensions with the Maldives, escalating situations in the Middle East, and much more. Join us for a captivating episode of #JabWeMet, as Dr Jaishankar exemplifies The India Way.

Updated : Feb 05, 2024

EAM S Jaishankar's Big Statement On India Mending Ties With Maldives

In an exclusive with Business Today Executive Director Rahul Kanwal, External Affairs Minister S Jaishankar addresses the ongoing India-Maldives row. Emphasizing the need to avoid exaggeration, Jaishankar mentions that both countries share an understanding, highlighted by a recent visit from a Maldivian team to India. The minister expresses optimism about the strength of the overall relationship between India and the Maldives, urging a shift in focus from the current issue to other collaborative initiatives. Jaishankar also touches upon India's assessment of potentially involving trained non-military personnel for medical evacuation aircraft, responding to Maldives' request for evacuation assistance.

Updated : Feb 05, 2024

PM Modi Blames Congress For Opposition's Failures

PM Modi blamed the Congress for the state of opposition in the country. "Congress completely failed in playing the role of effective opposition in the past 10 years. In order to hide its shortcomings, Congress party did not let any other talent emerge from other opposition parties," the Prime Minister alleged. Escalating his attack on the opposition, PM Modi further said: "I see that many of you (Opposition) have even lost the courage to contest elections. Some seats were changed last time too, I have heard that many people are looking to change their seats this time as well. I have also heard that many people now want to go to Rajya Sabha instead of Lok Sabha. They are looking for their paths by assessing the situation."

Updated : Feb 05, 2024

PM Modi Confident About His Third Term, Slams Opposition In Lok Sabha

In a bold and confident address during his last speech in the current Lok Sabha session, Prime Minister Narendra Modi takes a sarcastic jab at the opposition, expressing certainty about his potential third term. With the general election looming, PM Modi humorously remarks that the opposition "will sit there for more time to come." His speech is marked by a confident tone, as he mocks the opposition, suggesting they have "lost the will to fight." The Prime Minister's remarks unfold as he responds to the Motion of Thanks on President Droupadi Murmu's joint address from the previous week, setting the stage for the political landscape in the upcoming months.

Updated : Feb 05, 2024

Exclusive: Finance Minister’s Modern Recipe For Aam Aadmi’s Sustained Prosperity

In an exclusive post-interim Budget 2024-25 interview with Business Today TV, Finance Minister Nirmala Sitharaman highlights the tangible benefits of government schemes reaching the people. focus extends beyond providing basic facilities, aiming to open doors to diverse opportunities. Sitharaman emphasizes initiatives such as collateral-free loans, training, and skill development, designed to empower individuals to become entrepreneurs, underscores the government's commitment to fostering economic independence and creating avenues for personal and professional growth, aligning with the vision of a more empowered and skilled citizenry.

Updated : Feb 05, 2024

Exclusive: Finance Minister Sitharaman Charts A Different Disinvestment Route In Budget 2024

In an exclusive post-interim Budget 2024-25 interview with Business Today TV, Finance Minister Nirmala Sitharaman emphasizes the importance of strategic disinvestment for the government. Reflecting on the successful disinvestment of Air India, she underscores the government's belief in minimizing its presence outside the core sector. The Finance Minister, however in her conversation with Rahul Kanwal, Executive Director, Business Today and Siddharth Zarabi, Managing Editor, Business Today TV, emphasises the need to ensure the highest valuation for PSUs being considered for disinvestment and says the market conditions should be ideal for selling government stake in the companies. The government has, in fact, not set a divestment target for 2024-25 in the interim budget.

Updated : Feb 05, 2024

Exclusive: FM Nirmala Sitharaman's Vision For Agricultural Prosperity

In an exclusive post-interim Budget 2024-25 interview with Business Today TV, Finance Minister Nirmala Sitharaman shares insights on the agricultural and rural sectors, highlighting a significant increase in income. She notes a shifting paradigm in agriculture, with the emergence of new commercial crops such as millets. Farmers are increasingly opting for these crops and accessing better rates through e-commerce markets. Sitharaman underscores the positive impact of government schemes reaching every rural household, encompassing areas like horticulture and fisheries, contributing to the overall prosperity of the rural economy.

Updated : Feb 05, 2024

Exclusive: EAM S Jaishankar Says He Was Serving A Nation, Not The Nehru Family

An exclusive conversation with India’s dynamic External Affairs Minister S Jaishankar. In this chat with Business Today Executive Director Rahul Kanwal in his special show ‘Jab We Met’, the former Indian Foreign Services officer responded strongly to Congress criticism that he had obtained his position through ‘Nehruvian plum positions’. The Minister has said that he, as many others in the government, had worked hard to reach where they were now and not due to pleasing the right people. He also said that officers like him served the nation and not a particularly family.

Updated : Feb 05, 2024

Exclusive: Finance Minister Nirmala Sitharaman's Big Interview After Budget 2024

Union Finance Minister Nirmala Sitharaman unveiled her sixth Budget on February 1. Though it was an interim budget ahead of the general elections in April and May, the direction it has given the economy is for the next 25 years. “India will be a developed economy by 2047”, was the bold statement the Finance Minister made from Lok Sabha in her Budget speech. What analysts are also lauding is the balancing act between reducing fiscal deficit and maintaining economic growth in the Budget. Despite having general elections around the corner, the announcements eschewed any populism and in fact promised a big reduction in the dreaded fiscal deficit in FY24 and FY25. And though there were no alterations to direct and indirect tax rates in this budget, the Finance Minister came out in flying colours. Catch the big exclusive interview with Finance Minister Nirmala Sitharaman on the interim Budget 2024-25. Catch Rahul Kanwal, Executive Director, Business Today and Siddharth Zarabi, Managing Director, Business Today TV in a no-holds-barred conversation with the Finance Minister.

Updated : Feb 04, 2024

FM Nirmala Sitharaman Says Raghuram Rajan Failed To Protect Banks As RBI Chief

It’s the biggest counter-attack yet by Finance Minister Nirmala Sitharaman against former RBI Governor Raghuram Rajan. In an exclusive conversation with Rahul Kanwal, Executive Director, Business Today and Siddharth Zarabi, Managing Editor, Business Today TV after presenting her interim Budget for 2024, the Finance Minister said that as Governor of the Reserve Bank of India (RBI), Rajan failed to fulfil his duties as the banking regulator. “Banks were in torment as the regulator looked the other way and phone calls were going to banks”, said the Finance Minister. She added that Raghuram Rajan should’ve pointed out the rules to banks and protected them from external pressure. According to Nirmala Sitharaman, Rajan should first clarify whether he has put on the cap of an economist or a politician each time he speaks.

Updated : Feb 04, 2024

FM Nirmala Sitharaman Says The Scope Of ‘Savings’ Is Expanding Beyond Just Bank Accounts

The last few budgets have seen a clear shift towards lowering of income tax exemptions on savings. The new tax regime, in fact, pushes investments rather than savings. Rahul Kanwal, Executive Director, Business Today and Siddharth Zarabi, Managing Editor, Business Today TV quizzed Finance Minister Nirmala Sitharaman on this shift and why was the government trying to change the ages-old practice of savings in banks and post offices. The Finance Minister also talked about how investments in the stock markets are much safer for retail investors with regulatory crack-downs and increased regulation.

Updated : Feb 04, 2024

Exclusive: Finance Minister Sitharaman Tells Why She Avoided Populism In Interim Budget 2024?

In an exclusive interview with Business Today TV after the interim Budget 2024-25, Finance Minister Nirmala Sitharaman exuded optimism for India's future. She highlighted the widespread beneficiaries across classes and religions, attributing the positive sentiment to word of mouth. Sitharaman emphasized the confidence derived from beneficiaries' testimonials, underscoring a decade without any scandal. Reflecting on India's transformation from the "fragile five" to a nation shedding the image of policy paralysis and corruption, the Finance Minister painted a picture of progress and stability over the past ten years.

Updated : Feb 03, 2024

Exclusive: FM Sitharaman Says MP D K Suresh “Separate Country” Statement Part Of Congress Strategy

Finance Minister Nirmala Sitharaman’s two-pronged attack on Congress MP D K Suresh who threatened a ‘separate country’ if the centre continued to ignore the south in its fund allocation. Speaking to Rahul Kanwal, Executive Director, Business Today and Siddharth Zarabi, Managing Editor, Business Today TV after presenting her interim Budget for 2024, the Finance Minister rubbished the allegations saying there was no favouritism in allocating funds to the states. She attacked the Congress saying the party was using the issue to sow seeds of discord and division among the people and added that the latest statement by the brother of Karnataka Deputy Chief Minister D K Shivakumar was nothing but the Congress’ old ‘tukde tukde’ strategy in a new garb.

Updated : Feb 02, 2024

NIIT Management On Strong Q3 Numbers, Growth & Future Expansion. Impact On NIIT Shares

NIIT Limited, a skills and talent development firm, unveiled its financial performance for the third quarter ending December 31, 2023. During this period, the company achieved a net revenue of Rs. 852 million, marking a 5% increase quarter-on-quarter (QoQ) and a 9% decrease year-on-year (YoY). EBITDA stood at Rs. 78 million, a notable rise from Rs. 22 million in Q2 FY24. Additionally, the Profit After Tax surged to Rs. 144 million compared to Rs. 106 million in Q2 FY24 and slightly above the Rs. 143 million recorded in Q3 FY23. BTTV's Sakshi Batra speaks with company's Chairman & Co-Founder Rajendra S Pawar.

Updated : Feb 02, 2024

HSBC's Pranjul Bhandari Decodes Budget 2024 Fineprint

Union Finance Minister Nirmala Sitharaman presented her sixth Budget on February 1, an interim budget preceding the upcoming general elections. The Interim Budget 2024-25 prioritized youth and women empowerment, balancing social development with fiscal responsibility and sustained capital expenditure. Sitharaman set a noteworthy target by lowering the fiscal deficit for FY25 to 5.1% of the GDP. Notably, there were no alterations to direct and indirect tax rates, ensuring stability. To delve deeper into the economic implications and insights, Business Today TV Managing Editor Siddharth Zarabi engaged in a conversation with Pranjul Bhandari, Pranjul Bhandari, Chief Economist, India & Indonesia, HSBC.

Updated : Feb 02, 2024

Sanjeev Sanyal Examines Implications Of Budget Announcements

Delve into the profound discussion on the Budget's impact with Sanjeev Sanyal, Member of PMEAC, hosted by Siddharth Zarabi, Business Today TV Managing Editor. Gain exclusive insights as Sanyal examines the implications of key budget announcements, unravelling the economic landscape. Watch expert analysis providing a comprehensive understanding of the fiscal direction and its potential ramifications for businesses and individuals alike.

Updated : Feb 01, 2024

Budget 2024: Govt Revised Estimate For FY24 Fiscal Deficit Is 5.8%

Finance Minister Nirmala Sitharaman stated that the government, through effective economic management and governance, has successfully overcome challenges, placing the country on a path of sustained high growth. The Revised Estimates for 2023-24 indicate total receipts, excluding borrowings, at Rs. 27.56 lakh crore, with tax receipts at Rs. 23.24 lakh crore. The fiscal deficit is 5.8% of GDP. Looking ahead to 2024-25, total receipts (excluding borrowings) and expenditure are estimated at Rs. 30.80 and 47.66 lakh crore respectively, with tax receipts at Rs. 26.02 lakh crore. The fifty-year interest-free loan for capital expenditure to states continues with a total outlay of Rs. 1.3 lakh crore. The government aims for fiscal consolidation, targeting a fiscal deficit of 5.1% of GDP in 2024-25, moving towards reducing it below 4.5% by 2025-26. Market borrowings are estimated at Rs. 14.13 lakh crore (gross) and Rs. 11.75 lakh crore (net), lower than in 2023-24, facilitating increased credit availability for the private sector. The budget also includes a 'vote on account' seeking Parliament's approval for part of the financial year 2024-25.

Updated : Feb 01, 2024

#Modinomics24: Interim Budget 2024 Decoded With Rahul Kanwal With CII Members

Finance Minister Nirmala Sitharaman unveiled the Interim Budget 2024-25 with a strategic focus on fiscal consolidation and targeted economic growth. With a gross borrowing estimate of ₹14.13 trillion for FY25, there's a notable reduction from the previous fiscal year. Key initiatives include promoting indigenous oilseed cultivation to boost self-sufficiency, extending housing schemes to the middle class, enhancing healthcare coverage under Ayushman Bharat, and facilitating private investment in post-harvest activities. The withdrawal of disputed tax demands benefits 1 crore taxpayers, while tax rates remain unchanged. Overall, the budget reflects a balanced approach to addressing economic challenges and fostering inclusive growth. Watch a special conversation where Business Today's Executive Director, Rahul Kanwal, engages in discussions with top industrialists and members of the Confederation of Indian Industry (CII) to unravel the implications of the Interim Budget 2024-25 for various sectors.

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Exclusive: EAM S Jaishankar On The Challenges Facing India And The World

EAM S Jaishankar's Big Statement On India Mending Ties With Maldives

PM Modi Blames Congress For Opposition's Failures

PM Modi Confident About His Third Term, Slams Opposition In Lok Sabha

Exclusive: Finance Minister’s Modern Recipe For Aam Aadmi’s Sustained Prosperity

Exclusive: Finance Minister Sitharaman Charts A Different Disinvestment Route In Budget 2024

Exclusive: FM Nirmala Sitharaman's Vision For Agricultural Prosperity

Exclusive: EAM S Jaishankar Says He Was Serving A Nation, Not The Nehru Family

Exclusive: Finance Minister Nirmala Sitharaman's Big Interview After Budget 2024

FM Nirmala Sitharaman Says Raghuram Rajan Failed To Protect Banks As RBI Chief

FM Nirmala Sitharaman Says The Scope Of ‘Savings’ Is Expanding Beyond Just Bank Accounts

Exclusive: Finance Minister Sitharaman Tells Why She Avoided Populism In Interim Budget 2024?

Exclusive: FM Sitharaman Says MP D K Suresh “Separate Country” Statement Part Of Congress Strategy

NIIT Management On Strong Q3 Numbers, Growth & Future Expansion. Impact On NIIT Shares

HSBC's Pranjul Bhandari Decodes Budget 2024 Fineprint

Budget Takeaways with PwC's Sanjeev Krishan & Economic Analyst, Vivek Singh

Tax Special With CBDT Chairman Nitin Gupta & CBIC Chairman Sanjay K Agarwal

Sanjeev Sanyal Examines Implications Of Budget Announcements

Decoding Interim Budget With Finance Secy TV Somanathan & Dipam Secy Tuhin K Pandey

Budget 2024: Govt Revised Estimate For FY24 Fiscal Deficit Is 5.8%

#Modinomics24: Interim Budget 2024 Decoded With Rahul Kanwal With CII Members

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