Smt
@nsitharaman
interacts with Shri
@JoshiPralhad
, Hon'ble Minister of Consumer Affairs, Food and Public Distribution & New and Renewable Energy, in Bengaluru, Karnataka.
Between June 2023 and June 2024, while average National Inflation was 5.4%, in Karnataka it averaged 6.1%.
On the contrast, during June 2022 to May 2023, Karnataka experienced lower Inflation of 5.39% compared the national average of 6%.
Reasons for this are the following
R&D has the potential to help Bengaluru. The Anusandhan National Research Fund of Rs 1 lakh crore will support private sector-driven research and innovation while creating new avenues for India’s tech-savvy youth.
Bengaluru will also play a key role in developing & expanding
Average annual outlay between 2009-14 of Railways for Karnataka was Rs 835 crore. However, under the Prime Minister Shri
@narendramodi
-led government, it was Rs 7,559 crores for the state in FY 2024-25 for Railways alone.
There are 31 ongoing railway projects for laying new
Through this budget, Banks will provide loans to MSMEs for the purchase of machinery & equipment without any collateral or third-party guarantee.
Also, MSMEs complained that Banks did not understand their turnover cycle or business and hence had reservations about lending loans
#WATCH
| Karnataka | Union Finance Minister Nirmala Sitharaman says, "Central transfers to Karnataka have increased substantially. This is a point on which you have a lot of misinformation in Karnataka, inclusive of the government. The government of today keeps telling people
Central transfers to Karnataka have increased substantially under Prime Minister Shri
@narendramodi
's NDA government.
Between 2004 and 2014, when the UPA government was in power at the Centre, Karnataka received only Rs 81,791 crores as Tax Devolution over 10 years. However,
From education to infrastructure, agriculture to employment creation, the
#BudgetForViksitBharat
has catered to all sectors and set the foundations for even quicker and inclusive progress.
In every Budget, one doesn't get an opportunity to name every state of this country.
For example, the Cabinet in June had taken a decision to set up a port on Vadhavan in Maharashtra. More than Rs 76,000 crores have been allocated for that. Maharashtra's name wasn't mentioned in
✅Simplification of any tax structure has benefits of ease of compliance viz computation filing, maintenance of records. This also removes the differential rates for various classes of assets.
@nsitharamanoffc
@officeofPCM
@FinMinIndia
@PIB_India
✅On investment of capital gain in 54EC bonds (up to Rs. 50 lakh) or in buying or constructing house (up to Rs. 10 crore), the capital gain is exempt from tax, subject to certain specified conditions
@nsitharamanoffc
@officeofPCM
@FinMinIndia
@PIB_India
✅The new tax rate without indexation is beneficial in most cases. For property held for 5 years, new regime is beneficial when property has appreciated 1.7 times or more.
✅For property held for 10 years, it is beneficial when the value has increase to 2.4 times or more.