FM Sitharaman said the scheme offers incentives linked to the employment of first-time employees, focusing on EPFO contributions for the first four years of employment
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The scheme promises one month’s wage to all new formal sector employees, with direct benefit transfers up to Rs 15,000 per employee, distributed in three installments
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The skilling-focused initiatives in the Union Budget 2024 come in response to the Economic Survey 2023-24 findings, which estimates that only about 51 per cent of Indian youth are currently employable
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The Union budget also incentivises natural farming as it declares to initiate 1 crore farmers into natural farming over the next few years
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Finance Minister Nirmala Sitharaman presents the Union Budget 2024-25 after the Cabinet gave its approval
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Expert advises caution in the Indian markets until the Union Budget 2024 announcement is made later today in Parliament by the Finance Minister
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The life insurance sector, in particular, is expecting the finance ministry to consider lowering Goods and Services Tax (GST) on insurance products
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Ahead of the Union Budget 2024, the tech industry is urging for increased investment in education and skilling to address the gap noted in the Economic Survey
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The House must reflect highest standards of sanctity, propriety and protocol of Parliamentary traditions that will be motivational for legislatures in the largest democracy, the chairman states
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The survey highlighted improvements in Indian labour market indicators over the past six years, with the unemployment rate dropping to 3.2 per cent in 2022-23
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