Dec 27, 2024, at 05:09 pm
New Delhi: India is evaluating a proposal to lower income taxes for individuals earning up to Rs 15 lakh annually in the February 2024 Budget, Reuters reported, citing sources.
Nirmala Sitharaman to hold pre-Budget consultations with finance ministers of states
Dec 20, 2024, at 12:28 am
Jaisalmer (Rajasthan): Finance Minister Nirmala Sitharaman is scheduled to hold pre-Budget consultations with state finance ministers on Friday in Jaisalmer, ahead of the Union Budget 2025-26 presentation, media reports said.
Finance Minister Nirmala Sitharaman to start pre-Budget consultations
Dec 06, 2024, at 05:13 am
New Delhi: Finance Minister Nirmala Sitharaman will start pre-Budget consultations with various stakeholders on Friday as part of preparations for the Union Budget 2025-26.
India's fiscal deficit reaches 46.5% of the FY25 target
Nov 30, 2024, at 02:00 am
New Delhi: India's fiscal deficit for the first seven months of the 2024-25 financial year reached 46.5% of the full-year target, according to data released by the Controller General of Accounts (CGA) on Friday.
India’s H1 fiscal deficit at Rs 4.75 lakh crore, narrows to 29.4% of FY25 target
Oct 31, 2024, at 01:51 am
New Delhi: India’s fiscal deficit for the first half of the current fiscal year, ending in September, reached Rs 4.75 lakh crore, or 29.4% of the Budget Estimate (BE), according to the Controller General of Accounts (CGA) data released today.
iPhones get cheaper by up to Rs 6,000 after customs duty relief in Budget
Jul 27, 2024, at 07:44 am
New Delhi: Apple has reduced the prices of its iPhones by 3-4% across its entire range, allowing customers to save between Rs 5,100 and Rs 6,000 on Pro or Pro Max models.
Foreign investors pull out $1.27 billion from Indian stock market after Union Budget
Jul 26, 2024, at 05:10 pm
Mumbai/IBNS: Foreign portfolio investors (FPIs) have taken out almost Rs 10,710 crore ($1.27 billion) from the Indian stock market in the last three days after the government, in the Union Budget, raised taxes on derivatives trades and on capital gains from equity investments, reports said.
Jul 25, 2024, at 06:51 am
New Delhi: Global credit rating agencies have praised the FY25 Budget for maintaining a strong commitment to reducing fiscal deficit. Moody's Ratings highlighted that the Budget is viewed as a positive development for the country's credit outlook, media reports said.
Real estate stocks fall after Budget removes indexation benefit on LTCG
Jul 24, 2024, at 01:01 am
Mumbai: Real estate stocks dropped following Finance Minister Nirmala Sitharaman's proposal to remove the indexation benefit for calculating long-term capital gains tax (LTCG) on real estate.
Jul 23, 2024, at 11:13 pm
New Delhi: Finance Minister Nirmala Sitharaman presented the 2024-25 Budget on Tuesday, her seventh consecutive budget presentation and setting a new record, surpassing former Prime Minister Morarji Desai. This budget is the first of Prime Minister Narendra Modi's third term. Sitharaman underscored the government's success in maintaining economic stability.
Jul 23, 2024, at 08:06 pm
Union Finance Minister Nirmala Sitharaman proposed that the long-term gains on all financial and non-financial assets will attract a tax rate of 12.5 per cent.
Make in India push or tax relief? Nirmala Sitharaman to present Union Budget today
Jul 23, 2024, at 02:32 pm
Union Finance Minister Nirmala Sitharaman on Tuesday will present her first budget since her government came to power for the third straight term after winning the Lok Sabha polls in June.
Budget 2024-25: Tax reliefs, infrastructure growth, and EV push top expectations
Jul 23, 2024, at 01:20 am
New Delhi: Finance Minister Nirmala Sitharaman is all set to present the full Union Budget for the Financial Year 2024-25 on Tuesday July 23. There are a multitude of expectations from the Budget, the first from the newly elected Narendra Modi government. Many experts are of the opinion that the Modi government will lean towards a populist budget in its third term This is also driven by the fact that, lacking an absolute majority, the Bharatiya Janata Party needs to keep its coalition partners on board.
Budget expectations: Modi 3.0 may propose income tax rate cut, incentives for PSUs
Jul 12, 2024, at 06:08 am
Mumbai: The Indian stock markets are expected to witness volatility over the next two weeks as they anticipate and then react to Finance Minister Nirmala Sitharaman’s budget proposals for the fiscal year 2024-25 (FY25), media reported.
Modi 3.0 to present Union Budget on July 23
Jul 07, 2024, at 01:55 am
New Delhi: The Union Budget for the financial year 2024–25 will be presented in the Lok Sabha on July 23. The budget session of Parliament is scheduled to take place from July 22 to August 12.
Nirmala Sitharaman set to make history with 7th consecutive Budget next month
Jun 15, 2024, at 01:26 am
New Delhi: Finance Minister Nirmala Sitharaman is poised to make history next month when she presents the Union Budget 2024-25 in Parliament.
Centre used Rs 9,48,506 cr in Capex in FY24
Jun 01, 2024, at 04:57 am
New Delhi: The Centre utilized Rs 9,48,506 crore for capital expenditure in FY24, nearly matching the revised estimate (RE) of Rs 9,49,555 crore, accounting for 99.9 percent of the RE, according to government data released on Friday.
India's FY24 fiscal deficit at 5.6% of GDP lower than estimated 5.8%
Jun 01, 2024, at 04:30 am
New Delhi: India's fiscal deficit for FY24 was Rs 16.54 lakh crore, below the budgetary target of Rs 17.86 lakh crore, reaching 95.3 percent of the target, according to data from the Comptroller General of Accounts released on Friday.
Bengal: Cash strapped Mamata Banerjee-govt presents Rs 3.6 lakh crore budget
Feb 09, 2024, at 03:58 am
Kolkata/IBNS/UNI: Finance Minister Chandrima Bhattacharya on Thursday presented a Rs 3.6 lakh crore budget for West Bengal for 2024-25 with a slew of benefits expanding assistance to the poor and common people ahead of the Lok Sabha election.
'Growth, welfarism and fiscal restraint': NSE MD on Interim Budget
Feb 02, 2024, at 07:18 am
The Interim Budget FY25 presented by Finance Minister Nirmala Sitharaman focused on growth, welfarism and fiscal restraint, while ensuring continuity on policies and taxation.
Anand Mahindra praises Interim Budget, lauds Nirmala Sitharaman for high tax-GDP ratio
Feb 02, 2024, at 04:49 am
Mumbai: Mahindra Group Chairman Anand Mahindra took to social media to laud the Interim Budget presented by Finance Minister Nirmala Sitharaman on Thursday.
India’s fiscal deficit during Apr-Dec narrows to Rs 9.82 lakh cr
Feb 01, 2024, at 07:29 am
New Delhi: India’s fiscal deficit for the first nine months of the Financial Year 2024 stood at Rs 9.82 lakh crore, which ist 55% of the annual fiscal deficit estimate, according to government data.
Why Economic Survey was not released on January 31 this year
Feb 01, 2024, at 04:45 am
New Delhi: Finance Minister Nirmala Sitharaman is set to present the interim Union Budget for 2024 on Thursday, February 1. Traditionally, a key component of Parliament's Budget session is the presentation of the Economic Survey on January 31.
Jan 31, 2024, at 05:30 am
New Delhi/Gurugram: Ahead of the Budget 2024-25, Jindal Stainless, India’s largest stainless steel manufacturer has sought continuation of zero customs duty on stainless steel scrap and steel scrap besides pure nickel.
Ahead of Budget, IMF raises India's GDP growth forecast to 6.5%
Jan 31, 2024, at 04:16 am
New Delhi: The International Monetary Fund (IMF) has increased its GDP growth prediction for India in the 2024-25 fiscal year by 20 basis points to 6.5 percent.
Budget 2025 changes government may consider: ICRA Analytics report
Jan 18, 2024, at 03:41 am
Mumbai: The presentation of the Interim Budget on February 1 stands as a critical event in the financial calendar, leading to sharp speculations about the government's spending, fiscal deficit, and individual taxation.
Govt projects FY24 GDP growth at 7.3%
Jan 06, 2024, at 07:42 am
New Delhi: India's gross domestic product (GDP) is projected to grow by 7.3 percent in 2023-24, surpassing the 7.2 percent recorded in the previous fiscal year, the Ministry of Statistics and Programme Implementation said Friday.
Bengal Finance Minister Chandrima Bhattacharya presents a Rs 3.39 lakh cr budget for 2023-24
Feb 15, 2023, at 11:23 pm
Kolkata: West Bengal Finance Minister Chandrima Bhattacharya on Wednesday presented a Rs 3.39 lakh crore Bengal budget for 2023-24.
Union Budget 2023-24: Gems and jewellery industry unhappy over 10 pc import duty on gold
Feb 03, 2023, at 07:06 am
New Delhi/IBNS: The gems and jewellery industry expressed disappointment over the Union Budget 2023-24 presented by Finance Minister Nirmala Sitharaman on Wednesday (Feb 1), saying that it failed to address the industry’s core concerns.
Feb 01, 2023, at 07:31 pm
New Delhi/IBNS: Ahead of the 2024 general elections in India and polls in key states this year itself, Union Finance Minister Nirmala Sitharaman on Wednesday presented the annual budget offering a big relief to the taxpayers while emphasizing on job creations and ramping up capital spending.