This is higher than the last years revised estimate of Rs 9.5 lakh crore.
Posts in category Business Standard
One Month Wage DBT, Job Creation In Manufacturing, And Support To Employers: Announces FM In Budget 2024 (23-07-2024)
The government has announced Direct Benefit Transfer (DBT) of one month salary to first time employees up to Rs 15,000, eligibility limit Rs 1 lakh per month. This will benefit 210 lakh youth.
Budget to focus on poor, women, youth and farmers (23-07-2024)
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Job creation in manufacturing sector will be incentivized says FM (23-07-2024)
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Budget Allocates Rs 1.48 Lakh Cr For Education, Employment, Skill, Says FM (23-07-2024)
The Union Budget for 2024-25 will provide Rs 1.48 lakh crore for education, employment and skilling in the country. Presenting the Budget in the Lok Sabha, Finance Minister Nirmala Sitharaman said it will focus on employment, skilling, MSMEs and the middle class. She added that the government has extended the PM Garib Kalyan Anna Yojana for five years which is benefiting 80 crore people of the country.
Government to launch three employment-linked schemes, Says FM (23-07-2024)
Finance Minister Nirmala Sitharaman has announced three new schemes that give employment-linked incentives. The Finance Minister said “our government will implement the following three schemes for employment -linked incentive as part of the Prime Minister’s package enrollment in the EPF, focus on recognition of first time employees, and support to employees and employers scheme.” As per the FM, this scheme will provide a month’s wage to everyone newly entering the workforce in all formal sectors. The scheme aims to create jobs in the manufacturing sector by incentivising the hiring of first-time employees. Incentives will be provided directly to employees and employers based on EPA contributions during the first four years of employment, benefiting 3 million youths and their employers. The “Support to Employers” scheme aims to promote additional employment across all sectors. Employers will receive reimbursement of up to ₹3,000 per month for two years for EPF contributions for each .
Shrimp stocks in demand after FM announces financing scheme in Budget (23-07-2024)
Shares of companies engaged in shrimp business advanced after the Union FM, Nirmala Sitharaman announced financing for shrimp farming will be facilitated through National Bank for Agriculture and Rural Development (NABARD).
Poonawalla Fincorp shares fall on Q1FY25 Results; Good time to Buy? (23-07-2024)
Poonawalla Fincorp’s new MD & CEO highlighted the broad strategic direction for the company with incremental investments going towards strengthening collection infra, presence, credit & analytics
Nifty near 24,500 level; Employment, skilling, MSMEs and middle class focus of Budget 2024-25 (23-07-2024)
The benchmark indices traded near the flat line amid the ongoing Union Budget announcements by Finance Minister. The Nifty traded near the 24,500 level. Oil & gas shares declined for the third day in a row.
Kaveri Seed soars after Govt announces launch of 109 climate resilient crop varieties (23-07-2024)
Kaveri Seed Company zoomed 10.99% to Rs 1075 after the Union Government said that it would release new 109 high yielding, climate resilient varieties of crops in the country.