Will Nirmala Sitharaman Double the Standard Deduction in Budget 2024?

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As the presentation of Budget 2024-25 looms, Finance Minister Nirmala Sitharaman faces increasing pressure to address a significant concern for middle-class India: the stagnant standard deduction. Since its introduction in 2018, this fixed deduction of ₹50,000 has remained unchanged, despite the escalating cost of living and persistent inflation. Experts likeContinue Reading

finance minister

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Despite large-scale protests by the opposition, the central government has not backed down on privatization. The Center is making a huge plan for fundraising. Union Finance Minister Nirmala Sitharaman on August 23 inaugurated the National Monetization Pipeline (NMP) in Delhi. As part of this, the central government intends to privatizeContinue Reading