nirmala sitharaman

Finance Minister Nirmala Sitharaman has asked regulators to hold monthly meetings with startups and fintech firms to address their issues and concerns while emphasising strict regulatory compliance.Sitharaman met startup and fintech stakeholders on Monday along with senior government officials.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIndian School of BusinessISB Product ManagementVisitIIM LucknowIIML Executive Programme in FinTech,…

The government is gearing up for a major expansion in chip and electronics manufacturing, with an aim to transform the country into a global hub.To achieve this, the interim budget for FY25 proposed a 71.4% increase in allocation for both sectors to Rs 13,104.50 crore. The allocation for cyber security projects also received a sharp boost to Rs 759 crore in the interim budget from Rs 400 crore in the previous budget. The allocation of compound and chip assembly has increased by 133% to Rs 4,203 crore.Elevate Your Tech…

The interim budget holds the promise of propelling the nation towards its vision of ‘Viksit Bharat’ by 2047 — a developed India by the centenary of its independence. With a revised fiscal deficit target of 5.1% and higher capital expenditure, it positions India to assertively claim its position in the global economic landscape.Along with this, stability in taxes and a higher tax-to-GDP ratio will pave the way for a strong foundation for growth while adhering to fiscal prudence.Elevate Your Tech Prowess with High-Value…

Tech Budget 2024: Finance Minister Nirmala Sitharaman, in her interim Budget 2024 address to Parliament today, unveiled a significant development for the nation's youth. Emphasising the forthcoming golden era for technology-savvy individuals, Sitharaman announced the establishment of a corpus amounting to one lakh crore rupees, accompanied by 50-year interest-free loans. This corpus is designed to facilitate long-term financing or refinancing, offering extended tenors with low or negligible interest rates. The primary…

Finance Minister Nirmala Sitharaman, in her Budget 2024 speech today, declared that the government aims to bolster the electric vehicle (EV) ecosystem by providing support to both charging and manufacturing infrastructure across the country. In her pre-election Budget - technically a vote on account and commonly referred to as an interim Budget - Sitharaman emphasised the encouragement of electric buses for public transport networks as a pivotal aspect of this strategy."Our government is committed to expanding and…

Tech Budget 2024: Today, Finance Minister Nirmala Sitharaman announced the interim budget for 2024-25 with the aim of fostering and speeding up the greater development of India. As part of the announcement, Sitharaman highlighted the installation of rooftop solarization in 1 crore households which will help obtain up to 300 units of free electricity every month. FM further said, “This scheme follows the resolve of the Prime Minister on the historic day of the consecration of Shri Ram Mandir in Ayodhya.” This move will…

Finance minister Nirmala Sitharaman presented the 2024-25 Interim Budget on Thursday, unveiling a strategic plan focused on India’s development through research and innovation. “For our tech-savvy youth, this will be a golden era”, the finance minister said, echoing Prime Minister Narendra Modi’s vision of ‘Jai Jawan Jai Kisan Jai Vigyan and Jai Anusandhan’. With major focus on development through research and innovation, Sitharaman said a significant move in this direction will be the establishment of a corpus of Rs 1…

Image Source : FILE Big Boost for Young Tech Entrepreneurs (Union Budget 2024) Union Budget 2024: The government has unveiled a corpus of Rs 1 lakh crore to support and finance young entrepreneurs aiming for long-term growth in emerging industries. This initiative, presented in the Interim Budget by Finance Minister Nirmala Sitharaman, is geared towards providing…

Budget 2024 expectations in AI: In the forthcoming Interim Budget 2024, set to be announced by Finance Minister Nirmala Sitharaman at 11 am today, the government is expected to introduce some initiatives on artificial intelligence (AI) and other emerging technologies. As the nation gears up for the 2024 budget, the technology sector is rife with expectations. Key industry figures spanning AI, semiconductors, and edtech have articulated their aspirations and recommendations for the government's fiscal policies.NITI Aayog…

The government on Wednesday permitted the direct listing of securities by Indian companies on international exchanges of GIFT IFSC to boost foreign investments. The Department of Economic Affairs (DEA) in the Ministry of Finance has amended Foreign Exchange Management (Non-debt Instruments) Rules and notified the 'Direct Listing of Equity Shares of Companies Incorporated in India on International Exchanges Scheme'. Also, the Ministry of Corporate Affairs (MCA) has issued Companies (Listing of Equity Shares in Permissible…