nirmalasitharaman
By Hazel Gandhi An old video showing Finance Minister Nirmala Sitharaman refusing to answer a question criticising the budget is being shared online as a recent video. BOOM found that the claims are misleading, the video is from February 2023 and is unrelated to the recent interim budget presented by Sitharaman. On February 1, 2024, Nirmala Sitharaman presented her sixth consecutive budget in the Parliament. While there were not many changes made to the direct and indirect tax rate, the FM reiterated the focus on youth and women empowerment and overall social justice. The video shows a journal...
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By Archis Chowdhury On February 1, 2024, Finance Minister Nirmala Sitharaman presented the interim budget ahead of the Lok Sabha elections. Serving as a provisional budget, it focuses on continuation of old policies, until the newly formed government announces the final Union Budget for 2024-2025, likely in the month of July. Here are the key takeaways from the interim budget announcement: 1. Capital Expenditure \- For FY24-25, the capex target was raised by 11.1 %, and set to 11.1 lakh crore, which is 3.4% of the GDP. 2. Revised and Budget Estimates \- For FY23-24, Sitharaman stated that the ...
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By Archis Chowdhury On February 1, 2024, Finance Minister Nirmala Sitharaman presented the interim budget ahead of the Lok Sabha elections. Serving as a provisional budget, it focuses on continuation of old policies, until the newly formed government announces the final Union Budget for 2024-2025, which likely in the month of July. Here are the key takeaways from the interim budget announcement: 1. Capital Expenditure \- For FY24-25, the capex target was raised by 11.1 %, and set to 11.1 lakh crore, which is 3.4% of the GDP. 2. Revised and Budget Estimates \- For FY23-24, Sitharaman stated tha...
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By Hazel Gandhi A digitally altered video of Finance Minister Nirmala Sitharaman announcing a partnership between the Indian government, and a cryptocurrency trading platform named Quantum Trade, is being circulated on Facebook. BOOM found that the video is a deepfake and was created using voice cloning technology. Furthermore, there is no credible evidence of Sitharaman making any announcements about such a partnership. The 1-minute long clip shows Sitharaman announcing a collaboration between the Indian government and a trading platform called Quantum Trade. The video purports to show Sithar...
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By Archis Chowdhury Social media is rife with claims that Finance Minister Nirmala Sitharaman will present the possibility for employers to reduce the number of weekly working days to four, for employees who are working up to 12 hours a day. BOOM found this claim to be false; a source at the Ministry of Finance rubbished this claim as false, and confirmed to us that there is no such proposal to reduce the number of weekly working days to four. Also Read:Old Video Of Shivraj Singh Chouhan Crying Falsely Viral As Recent A viral Instagram post containing a picture of Sitharaman, along with the fa...
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By Mohammed Kudrati A viral graphic circulating on WhatsApp is misinterpreting a poster put out by the Ministry of Finance to state that the rates of Goods and Services Tax (GST) on certain items would be significantly slashed. The poster was put out by the government through the Ministry of Finance on June 30 to commemorate six years of the introduction of GST, which took place on July 1, 2017. It shows the rates of taxes on certain electronic items and LPG cylinders, which is a common household fuel, before the regime was introduced compared to the taxes under it. This is being misconstrued ...
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By Archis Chowdhury An old open letter by Dr Devi Shetty, the founder of Narayan Health, opposing the service tax on healthcare, is being falsely shared on social media as a recent opposition by the doctor-entrepreneur against healthcare service tax by the Narendra Modi-government. BOOM found that the letter dates back to 2011, with Shetty opposing the service tax on healthcare introduced by the UPA-2 government. Furthermore, service tax has been phased out in India since the rollout of Goods and Services Tax (GST) in 2017. The open letter was shared widely my multiple Twitter users, including...
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By Mohammed Kudrati In a major personal tax rejig, Finance Minister Nirmala Sitharaman announced that taxpayers could avail a tax rebate on income up to ₹7 lakh from the current ₹5 lakh. But this change in rebate will only be available under the new income tax regime. The announcements came as part of Sitharaman's fifth consecutive Union Budget speech. "An individual with an annual income of ` 9 lakh will be required to pay only 45,000. This is only 5 per cent of his or her income. It is a reduction of 25 per cent on what he or she is required to pay now, ie, ` 60,000. Similarly, an individual...
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By BOOM Team India's Minister of Finance, Nirmala Sitharaman, presented the Union Budget 2023-2024 on Wednesday in Parliament. One of the biggest announcements was the change in income tax brackets for salaried people. "Our vision for the Amrit Kaal includes technology-driven and knowledge-based economy with strong public finances, and a robust financial sector. To achieve this, Jan Bhagidari through Sabka Saath Sabka Prayas is essential," Sitharaman said while presenting the budget. As she presented her speech, Google and Twitter in India became completely budget-related. One of the top real-...
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By Archis Chowdhury The 2023-2024 Union Budget announcement by Finance Minister Nirmala Sitharaman saw some major changes - especially in taxation - with strong incentives provided to push tax payers to the new tax regime. Furthermore, the finance minister outlined seven priorities in the budget announcement: inclusive development, reaching the last mile, infrastructure and investment, unleashing the potential, green growth, youth power and financial sector. Here are the top takeaways from her speech: 1. TaxationSitharaman announced some major changes to existing tax structure, with increased ...
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