Budget 2024 Updates

FM hikes exemption limit for long-term capital gain to Rs 1.25 lakh + hikes tax rate to 12.5% on specified financial assetsCGST - Finance Bill proposes to amend Sec 9 to take ENA out of purview of GST + inserts Sec 11A to regularise non-levy of tax on general practice in tradeCGST - Sub-sections to be inserted in Act to relax time-limit to avail ITC u/s 16(4) + New Sec 74A proposed to provide for common time limit for demand notices in fraud casesCGST - Proviso to be inserted in Sec 30(2) to provide for enabling conditions for revocation of registration + Amendment in Sec 39 to mandate return filing by TDS deductors even if there is no deduction in a particular monthIGST - Amendment proposed to prohibit refund of unutilised ITC on zero-rated supplyCustoms - Finance Bill proposes to amend Sec 28DA for acceptance of different types of proof of origin under FTAsFM hikes standard deduction to Rs 75K for new ITR regime + revises tax rates for all income slabs + Rs 7000 Cr revenue foregoneBudget withdraws 2% equalisation levyFM reduces corporate tax rate for foreign companies to 35%FM proposes vivad se vishwas scheme + hikes monetary limits for filing appealsFM proposes 20% capital gains tax on short-term assets + listed financial assets held for more than one year to be classified as long-termGovt scraps TDS on Mutual Funds + decriminalises delay in depositing TDS + rationalisation of compounding of offences + revamps reassessment periodBudget proposes comprehensive review of I-T Act, 1961 + simplifies provisions for charities and TDSFM reduces customs duty on gold and silver to 6% + Nil BCD on nickel cathodeBudget proposes to reduce BCD on mobile phone and chargers to 15% + exempts 25 minerals from customs dutyFM exempts cancer medicines from Customs duty + amends BCD for various machinesFM proposes Rs 48 lakh expenditure outlay; 4.9% fiscal deficitFM announces Rs 1 lakh crore fund for developing space economyPromotion of Tourism - Vishnupad temple and Bodh Gaya temple corridors to be supportedFM announces over Rs 11 lakh crore capital expenditure in current fiscalGovt to invest in small Nuclear energy plants in partnership with private playersCentre to ask States to lower stamp duty for women purchasers of housesIBC - More Benches of NCLT to be set up to speed up recoveryFM spikes limit of Mudra loan to Rs 20 lakhsBudget offers financial aid to labour-intensive MSMEs in manufacturing sectorGovt announces 3 crore additional houses under PM SchemeGovt to secure Rs 15K loan for AP from multilateral agenciesGovt to frame new policy for all-round development of Bihar, Jharkhand and OdishaGovt to give one-month salary to all new recruits in formal sector through EPFOGovt to promote vegetable clusters closer to urban settlementsGovt to focus on productivity of agriculture with climate-resilient seedsFM allocates Rs 2 lakh outlay for PM's five schemes for job creation and farmersFM Nirmala Sitharaman presents 7th Union Budget in ParliamentBudget 2024: FM arrives at Parliament; Speech to begin at 11AMEconomic Survey 2023-24 - from GST PerspectiveUkrainian FM goes on tour to ChinaI-T- Additions framed u/s 69A are untenable where affidavits submitted by assessee's parents to explain source of cash deposits, were discarded by AO without consideration : ITATSurvey acknowledges productivity loss due to mental health disordersI-T- Short term capital gains returned by the assessee in terms of provisions of section 50 of the Act on assets held for a period of more than 36 months be treated as long term capital gains: ITATExpenditure on social services up from 6.7% to 7.8% of GDP: SurveyI-T-Additions framed u/s 68 are upheld where assessee is unable to prove genuineness of transaction involving purchase and sale of penny stock: ITATTrade deficit contracts to USD 78 bn from USD 126 bn in 2023I-T-Re-assessment is invalidated when there is no failure on part of assessee to make full and true disclosure of facts necessary for assessment: ITATCorporate profitability has peaked to 15-yr-old high between 2020-2023: SurveyI-T- When cash generated out of sales has been credited in the books of accounts, the provisions of Sec.69A could not be invoked: ITATBudget 2024: More relief for senior citizens & individual taxpayers on card; tweaking of capital gains tax likely; steady capital expenditure to stayI-T- If any amount invested is purely a strategic investment & for purpose of commercial expediency, then AO cannot hold such investments to be for non-business purpose: ITATGoogle backpedals on plan to scrap cookies from ChromeCus - For a HNWI individual, an expensive watch of 'Rolex' make would be his personal effect but same may not be the case if the person is of mere means - Pendant studded with diamonds not liable for confiscation: HCGovt amends Recruitment Rules for Debts Recovery TribunalGST - Even if no date, time or place of hearing is indicated in the notice issued, it was the duty of assessee to file his reply to SCN, which was admittedly received - Plea regarding violation of principles of natural justice cannot be countenanced: HCAbhinav Bindra conferred with Olympic OrderGST - Mismatch between value of e-way bills generated on portal and returns filed in Form GSTR-3B - Petitioner did not provide a comprehensive explanation - To remit sum of Rs.3.50 crores within six weeks - Matter remanded: HCHackers mercilessly hack Bangladesh PM’s website along with police portalsGST - Rule 30 of Rules, 2017 - Assessing officer ought to have issued summons and obtained clarification rather than estimating the outward supply value at 110% of purchase value - Order set aside and matter remanded subject to remit of 10% disputed tax demand: HCUS law-makers call for resignation of Secret Service chief in Trump assassination caseGST - Net ITC shown incorrectly - An inadvertent error was committed and such error was rectified, albeit irregularly, however, sum recovered from petitioner's bank account - Order set aside and matter remanded: HCKarnataka IT Industries piling pressure on govt to extend working hoursGST - Since notification is declared unconstitutional, Amount of IGST paid pursuant to Entry No. 10 of Notification No. 10 of 2017 is to be refunded along with statutory interest: HCStudy says earth’s water depleting fastFDI inflows slide to USD 26.5 bn in 2024 from USD 42 bn in 2023: Economic Survey
Nadda launches National STOP Diarrhoea Campaign 2024

By TIOL News Service

NEW DELHI, JUNE 25, 2024: UNION Minister of Health and Family Welfare, Jagat Prakash Nadda, launched the National STOP Diarrhoea Campaign 2024, here yesterday. He was joined by Anupriya Patel and Jadhav Patraprao Ganpatrao, Union Ministers of State for Health and Family Welfare . The dignitaries also released IEC materials like logo, posters, radio spots and audio visuals for the campaign and distributed oral rehydration salts (ORS) and zinc tablets to children on the occasion.

The goal behind the STOP Diarrhoea Campaign 2024 is to attain zero child deaths due to childhood diarrhoea. While the existing diarrhoea strategy entailed a 2-week campaign with pre-positioning of ORS to under-5 children and limited IEC, the new strategy involves a 2-month long campaign with pre-positioning of 2 ORS packets and zinc as a co-packaging to under-5 children. It will also involve extensive IEC through different platforms and collaboration across multiple sectors, including health, water and sanitation, education, and rural development.

Speaking on the occasion, J P Nadda said that "there is a unique relationship between Mission Indradhanush, Rotavirus vaccine and this STOP Diarrhoea Campaign as all were amongst the first initiatives launched during my earlier tenure as the Health Minister". He said various initiatives taken by the Union Government has cumulatively helped in reducing childhood mortality due to diarrhoea. He highlighted that in 2014, India was the first country to introduce the Rotavirus vaccine. Similarly, the National Jal Jeevan Mission, Swachh Bharat Abhiyan and expansion of the Ayushman Arogya Mandir network has significantly contributed to the reduction of diarrhoea cases and mortality in the country.

The Union Health Minister also emphasized on the importance of sensitizing health workers along with enhancing capacity building efforts to strengthen diarrhoea management effort in India. Expressing his appreciation for the preparedness level of the states, J P Nadda further encouraged them to enhance awareness among the masses. "If our healthcare workers could reach the remotest corners of the country and administer 220 crore doses of Covid vaccines, I am sure that our frontline healthcare workers can create the same robust delivery mechanism during STOP Diarrhoea Campaign too", he added.

Noting that "only healthy children leads to a healthy nation", Jadhav Prataprao emphasized that more effort should be put in place to prevent diarrhoea in the first place. He also urged the officials to focus on cleanliness and setting diarrhoea prevention targets in addition to providing ORS and zinc tablets to children.

Anupriya Patel said that "it is distressing that childhood diarrhoea which is both preventable and curable, yet many lives are lost due to this menace." She urged the representatives from states and other organizations to "re-energize their efforts and increase awareness on diarrhoea to reach the goal of zero childhood deaths due to diarrhoea".

Apurva Chandra, Union Health Secretary said that "diarrhoea is a common disease faced by children. Earlier the government used to run a fortnightly campaign to reduce diarrhoea which is now reinvigorated into a much extensive and comprehensive campaign."

Dr Atul Goel, Director General of Health Services said that diarrhoea is a common yet preventative disease among children. He hoped that this campaign will help in strengthening diarrhoea management strategy in the country.

Senior officials from states who were present on the occasion also shared their thoughts and feedback on the campaign. They also provided update on their preparedness level and shared some of their best practices on the same.


To tackle the persistent issue of childhood diarrhoea and strive for zero child deaths, the Ministry of Health and Family Welfare (MoHFW) has rebranded its long-standing Intensified Diarrhoea Control Fortnight (IDCF) as the STOP Diarrhoea Campaign. This initiative, which began in 2014, focuses on enhancing the Prevent, Protect, and Treat (PPT) strategy and increasing the use of Oral Rehydration Solution (ORS) and Zinc. The campaign's 2024 slogan, "Diarrhoea ki Roktham, Safai aur ORS se rakhen apna dhyaan" , highlights the significance of prevention, cleanliness, and appropriate treatment.

The STOP Diarrhoea Campaign will be implemented in two phases: the Preparatory Phase from 14th to 30th June 2024, and the Campaign Phase from 1st July to 31st August 2024. Key activities during this period include the distribution of ORS and Zinc co-packages by ASHA workers to households with children under five, setting up ORS-Zinc corners at health facilities and Anganwadi centers, and intensifying advocacy and awareness efforts for effective diarrhoea management. Additionally, the campaign will strengthen service provision for diarrhoea case management to ensure comprehensive care and prevention.

Focus Areas of the STOP Diarrhoea Campaign:

- Strengthening Health Infrastructure: Ensuring the proper maintenance and use of health facilities and the availability of essential medical supplies (ORS, Zinc), particularly in rural areas.

- Improving Access to Clean Water and Sanitation: Implementing rigorous quality control measures and sustainable practices to provide safe drinking water and better sanitation.

- Enhancing Nutritional Programs: Addressing malnutrition, a major contributor to diarrhoeal diseases, through improved nutritional initiatives.

- Promoting Hygiene Education: Equipping schools with necessary facilities and fostering healthy habits among children through comprehensive hygiene education programs.

These focus areas aim to create a holistic approach to managing and preventing diarrhoea, ultimately reducing child mortality and improving overall public health.

The Ministry of Health and Family Welfare is working closely with various line ministries such as Drinking Water and Sanitation, Women and Child Development, School Education, Rural Development, and Urban Development. This multi-sectoral approach ensures better convergence and implementation of the STOP Diarrhoea Campaign, aiming for a comprehensive and impactful program to reduce child mortality and improve public health.

Secretary of Line Ministries (Drinking Water and Sanitation; Women and Child Development; School Education; Rural Development; Urban Development); Aradhana Patnaik, AS & MD (NHM), Health Ministry; LS Changsan, AS, Health Ministry; Roli Singh, AS, Health Ministry; Meera Srivastava, JS (RCH), Health Ministry; Additional Chief Secretary, Principal Secretary (Health), Principal Secretary (Medical Education) from Madhya Pradesh, Tamil Nadu and Rajasthan); senior officials from states and the Union government and representatives from development partners (UNICEF, USAID, BMGF, NIPI, Nutrition International, John Snow India and WHO) participated in the meeting.


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