Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Finance Minister Nirmala Sitharaman on Thursday hiked capital expenditure by 11% for the next fiscal to sustain a world-beating economic growth rate while trimming the deficit in a reform-oriented interim budget that also gave relief to the common man from disputed small tax demands of up to ₹25,000.
Presenting a vote on account or an interim budget for 2024-25, Sitharaman proposed no changes in income tax rates for individuals and corporates and customs duty.
In less than an hour-long budget speech, she presented the Modi government's achievements in the last 10 years that transformed India from being a 'fragile' economy to the world's fastest-growing major economy.
Also Read : GST revenue collection hits record high of ₹2.10 lakh cr in April GST collections in January at ₹1.72 lakh crore, second-highest ever
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