India This Week~July 26, 2024
India This Week~July 26, 2024
India This Week - July 26, 2024
US President Joe Biden Withdraws from Presidential Race
US President Joe Biden has announced his decision not to seek re-election, endorsing Kamala Harris as the Democratic Party's presidential nominee. Biden highlighted the achievements during his term, including economic progress and investments in healthcare. His withdrawal comes after criticism following a debate with Donald Trump.
Changes in Customs Duties and Budget Allocations
Finance Minister Nirmala Sitharaman proposed changes in basic customs duty to reduce prices of essential items like mobile phones and cancer medicines. The budget also allocated funds to key sectors such as defence, agriculture, and healthcare. The focus is on promoting domestic manufacturing and simplifying taxation.
Union Minister Piyush Goyal on Budget 2024-25
Commerce and Industry Minister Piyush Goyal praised the budget as a roadmap for India's economic growth and development. He emphasized the focus on skill development, employment, and competitiveness. The budget aims to make India the third-largest economy globally by 2047.
