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Union Budget 2024 Highlights: Record High Capex In Budget Will Drive The Economy, Says PM Modi

Union Budget 2024 Highlights: Please follow this space for all the latest updates related to Budget 2024, to be tabled by Finance Minister Nirmala Sitharaman today

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Union Budget 2024 Highlights: Record High Capex In Budget Will Drive The Economy, Says PM Modi

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19:15 PM (IST)  •  23 Jul 2024

Union Budget 2024 LIVE Updates: Expert Says Customs Duty Exemption Will Accelerate Renewable Sectors

Prassann Daphal, CEO of Recyclekaro, highlighted the government's decision to grant a 25 per cent customs duty exemption on approximately 25 critical minerals. He said this move is expected to stimulate demand in renewable sectors such as energy storage solutions, electric vehicles (EVs), advanced electronics, defence, and space industries. The initiative aims to enhance the refining and processing capabilities of these minerals, thereby reinforcing a robust supply chain ecosystem.

19:02 PM (IST)  •  23 Jul 2024

Union Budget 2024 LIVE Updates: Budget Lacks Details On How New Jobs Will Be Created, Says Peoplefy's CEO

Rajesh Bharatiya, Co-Founder & CEO of Peoplefy, commended Finance Minister Nirmala Sitharaman's 2024-25 Union budget proposals concerning skill development, emphasising their potential to strengthen India's workforce and economy by improving employability and driving economic growth. However, the budget lacks specific measures outlining the creation of new jobs. Given India's demographic profile, which adds over 40 million new job seekers annually, alongside skill development initiatives, a comprehensive strategy for job creation is imperative.

18:40 PM (IST)  •  23 Jul 2024

Union Budget 2024 LIVE Updates: ASSOCHAM Hails The Bold Budget As Policies Continue

ASSOCHAM praised Finance Minister Nirmala Sitharaman for her strategic direction in the Union Budget for 2024-25, describing it as a clear affirmation of India's intent to harness its demographic dividend and entrepreneurial energy. The budget allocates national resources towards creating high-quality jobs, boosting manufacturing, and committing to five years of capital expenditure while maintaining fiscal discipline.

18:17 PM (IST)  •  23 Jul 2024

Union Budget 2024 LIVE Updates: Budget Has Potential To Catalyse Significant Growth, Says Stratefix Consulting's Co-Founder

Mukul Goyal, Co-founder of Stratefix Consulting said that the Union Budget 2024 presents an ambitious framework aimed at revitalising India's economic landscape, particularly for MSMEs, startups, artificial intelligence, and job creation. With a proposed allocation of Rs 22,000 crore for the MSME sector, this budget has the potential to catalyse significant growth and innovation.

17:59 PM (IST)  •  23 Jul 2024

Union Budget 2024 LIVE Updates: Shipping Industry Commends Modi Govt's Forward Looking Budget

Amit Tandon, CEO & Managing Director of Asia Shipping India, commented on the Union Budget 2024-25 for the Shipping & Logistics industry. He said, "We commend the government for its forward-looking budget, particularly the node to the Industrial Corridors of Amritsar-Kolkata, Gaya, Kopparthy node on the Vishakhapatnam-Chennai and Orvakal node on Hyderabad-Bengaluru, catalysing the industrial development of the eastern region and the reforms in ownership, leasing, and flagging, are commendable and will significantly boost the industry’s competitiveness and employment opportunities."

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