Industry lauds Union Budget 2025, tax relief for middle class, consumption stimulus
Feb 02, 2025, at 01:35 am
New Delhi: Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year 2025-26, introducing important measures aimed at stimulating economic growth and providing relief to the middle class.
Budget 2025: Tax exemption raised to Rs 12 lakh, check what it means for you
Feb 01, 2025, at 11:25 pm
The government has revamped the tax structure under the new regime, with Finance Minister Nirmala Sitharaman announcing that individuals earning up to Rs 12 lakh annually will pay no income tax.
Feb 01, 2025, at 06:37 pm
The Union Budget presented by Finance Minister Nirmala Sitharaman on Saturday proposed to add 36 life-saving drugs and medicines to the list of medicines fully exempted from Basic Customs Duty, a move which will provide relief to patients, particularly to those suffering from cancer, rare diseases and other severe chronic diseases.
Chocko Valliappa on Centre for Excellence in AI for education sector in Union Budget
Feb 01, 2025, at 06:10 pm
Chocko Valliappa, Vice Chairman of Sona College of Technology, Salem, and Founder and CEO of Vee Technologies, on Saturday, praised the Union Budget for announcing to setting up of a Centre for Excellence in AI for the education sector.
Feb 01, 2025, at 06:06 pm
Chocko Valliappa, Founder and CEO of Technology and IT services provider Vee Technologies, on Saturday, said corporate sector companies engaging fresh talent deserve to be taxed at a preferential rate.
Union Budget 2025: Nirmala Sitharaman feels India Post will act as a catalyst for rural economy
Feb 01, 2025, at 05:00 pm
Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, while presenting the Budget 2025-26 in the Parliament on Saturday, said that India Post with 1.5 lakh rural post offices will be repositioned to act as a catalyst for the rural economy.
Union Budget 2025: Nirmala Sitharaman proposes multi-sectoral reforms in public-private partnership
Feb 01, 2025, at 04:38 pm
As part of the 3rd engine of investment in economy, Union Minister for Finance and Corporate Affairs Nirmala Sitharaman proposed multi-sectoral reforms encompassing Public Private Partnerships, support to States, Asset Monetisation Plan for 2025-2030, mining sector, and support to domestic manufacturing, while presenting the Union Budget 2025-26 in Parliament, on Saturday.
Union Budget 2025: UDAN scheme to boost regional air connectivity to 120 new destinations
Feb 01, 2025, at 04:29 pm
Union Finance Minister Nirmala Sitharaman on Saturday announced in her Budget speech that the Regional Connectivity Scheme UDAN will provide air connectivity to 120 new destinations across India.
Feb 01, 2025, at 04:08 pm
Union Finance Minister Nirmala Sitharaman on Saturday presented the Union Budget where she announced the setting up of fifty thousand Atal Tinkering Labs in Government schools in next 5 years to cultivate the spirit of curiosity and innovation.
Union Budget: FDI limit for insurance sector raised from 74 to 100 percent
Feb 01, 2025, at 02:37 pm
Union Finance Minister Nirmala Sitharaman presented the Union Budget on Saturday when she informed that the FDI limit for the insurance sector will be raised from 74 to 100 per cent.
Nirmala Sitharaman to present her 8th consecutive Union Budget today
Feb 01, 2025, at 08:57 am
Union Finance Minister Nirmala Sitharaman will present her first full budget on Saturday, months after the Bharatiya Janata Party-led NDA government returned to power for the third straight term last year.
Jan 31, 2025, at 02:21 pm
The Economic Survey 2024-25 estimates that India's GDP growth for the financial year 2025-26 (FY26) is expected to be between 6.3% and 6.8%.
Jan 22, 2025, at 11:28 am
Laxman Jaiswal on Government Fiscal Policies: Addressing Rupee Depreciation and Shrinking Market Investments
Govt raises MSME lending target to Rs 27.5 lakh cr for FY25
Sep 19, 2024, at 04:39 am
New Delhi: The Union government has raised its lending target for Micro, Small, and Medium Enterprises (MSMEs) to Rs 27.5 lakh crore for FY25, marking an increase of over 10% compared to the previous year, media report said.
Govt likely to raise STCG tax above 20% in future, says official
Jul 31, 2024, at 08:26 pm
New Delhi/IBNS: The government is likely to consider further raising the short-term capital gain (STCG) tax rates in the coming years, Moneycontrol reported quoting a senior government official.
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 24, 2024, at 05:22 am
New Delhi: The Indian Railways received a 2 percent increase in its capital expenditure (capex) allocation in the Union Budget of 2024-25, reaching a record Rs 2.652 trillion, up from Rs 2.6 trillion in the Revised Estimate (RE) for 2023-24.
Jul 24, 2024, at 12:48 am
The Indian Government will launch a comprehensive scheme for providing internship opportunities in top companies, Union Minister Nirmala Sitharaman announced on Tuesday.
Union Budget: Government will implement 3 schemes for 'Employment Linked Incentive'
Jul 23, 2024, at 11:46 pm
The Government will implement 3 schemes for ‘Employment Linked Incentive’, as part of the Prime Minister’s package.
Union Budget: Land reform and actions to be incentivised for completion within next 3 years
Jul 23, 2024, at 11:42 pm
While presenting the Union Budget 2024-25 in Parliament on Tuesday, the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman said land-related reforms and actions, both in rural and urban areas, will be incentivized for completion within the next 3 years through appropriate fiscal support.
Jul 23, 2024, at 10:20 pm
Union Finance Minister Nirmala Sitharaman has announced several measures to step up adoption of technology towards digitalization of the economy.
Jul 23, 2024, at 10:11 pm
Union Minister for Finance & Corporate Affairs Nirmala Sitharaman announced a financial support for loans upto Rs. 10 lakh for higher education in domestic institutions for helping youth who have not been eligible for any benefit under government schemes and policies.
Nirmala Sitharaman proposes abolishment of angel tax to bolster Indian start-up eco-system
Jul 23, 2024, at 10:02 pm
Union Finance Minister Nirmala Sitharaman proposed to abolish ‘angel tax’ for all classes of investors while presenting the Union Budget 2024-25 in Parliament on Tuesday.
Union Budget: Indian government allocates Rs. 11,11,111 crore for capital expenditure
Jul 23, 2024, at 08:36 pm
Acknowledging the strong multiplier effect of building and improving infrastructure on the economy, the Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman while presenting the Budget 2024-25 in Parliament today announced the provisioning of ₹ 11,11,111 crore for capital expenditure.
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.
Union Budget: Standard reduction increased from Rs. 50,000 to Rs. 75,000
Jul 23, 2024, at 07:54 pm
Several benefits to provide tax relief to salaried individuals and pensioners opting for the new tax regime were announced by the Union Finance and Corporate Affairs Minister Nirmala Sitharaman while presenting the Union Budget 2024-25 in the Parliament on Tuesday.
Jul 23, 2024, at 07:44 pm
India’s Real growth stands at 8.2 percent and Nominal growth at 9.6 percent in FY 2023-24, Finance Minister Nirmala Sitharaman said on Tuesday while presenting the Union Budget.
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.
EV sector seeks incentives and tax rationalisation from Union Budget 2024: Report
Jul 15, 2024, at 10:29 pm
New Delhi/IBNS: With Union Finance Minister Nirmala Sitharaman scheduled to present the Union Budget 2024 on July 23, India's electric vehicle (EV) industry is optimistic about potential announcements that could spur industry growth, reports ANI.
Here's how stock markets are likely to react before and after Union Budget 2024
Jul 12, 2024, at 10:26 pm
Mumbai/IBNS: The Government of India is set to present the Union Budget 2024 on July 23 this year.