Indian startups successfully raised $1.03 billion in July as the government abolished angel tax in the Union Budget 2024-25 which was levied on foreign investors, according to a report on Saturday.
The Delhi finance minister pointed out that Delhi’ites paid Rs 15,59,933 crore as income tax to the Central government and got only 0.48 per cent, Rs 7,534 crores, in return.
This year’s Union Budget has once again highlighted the growing disparity between the contributions of individual income taxpayers and corporates to the government’s coffers.
Don’t remain vindictive and bent upon taking revenge on those who have defeated your party. Run the government evenly, ensuring that it is for all,” he said.
It said that the initiatives highlighted in the budget will fortify the backbone of our economy, driving innovation, job creation, and sustainable growth.
For FY 2024-25, the government has allocated a record capital expenditure of Rs 2,62,200 crore for railways, with gross budgetary support amounting to Rs 2,52,200 crore.
The Tea Association of India (TAI) has expressed gratitude for the "Pradhan Mantri Cha Shramik Protsahan Yojana" (PMCSPY) scheme designed for the welfare of tea workers, particularly women and children in Assam and West Bengal.
The first post-election Union Budget has sparked significant interest, particularly due to its dual focus on job creation and rural development.
The 50 per cent Standard Deduction relief is going to benefit the entire salaried class, Sachdeva added.
He said out of the total allocation made for this sector, Rs 1,08,000 crore has been given for safety-related provisions.
