Union Budget: Nirmala Sitharaman shares reason behind increasing tax exemption to Rs. 12 lakh
Feb 02, 2025, at 10:36 pm
Union Finance Minister Nirmala Sitharaman has explained the reason behind increasing tax exemption to Rs. 12 lakh and said her government wanted to recognise the honest taxpayer and extend support to the middle class.
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.
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 2025: Nirmala Sitharaman says govt will setup Urban Challenge Fund of Rs 1 lakh crore
Feb 01, 2025, at 03:31 pm
Union Finance Minister Nirmala Sitharaman, while presenting the Budget 2025-2026 in the Parliament, on Saturday said that the Government will set up an Urban Challenge Fund of Rs 1 lakh crore to implement the proposals for ‘Cities as Growth Hubs’, ‘Creative Redevelopment of Cities’ and ‘Water and Sanitation’ announced in the July Budget.
Budget 2025: Income Tax slabs revised, no tax upto Rs. 12 lakh
Feb 01, 2025, at 02:43 pm
New Delhi/IBNS: Union finance minister on Saturday announced revised Income Tax slabs delivering the Modi government's first full budget since returning to power for the third term.
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.
Budget 2025: FM delights middle-class with upto 12 lakh tax exemption, woos poll-bound Bihar
Feb 01, 2025, at 02:24 pm
Boosting spending of the middle class and reaching out to the aggrieved salaried group with a big announcement by exempting tax on income of upto Rs 12 lakh, Union Finance Minister Nirmala Sitharaman presented the Union Budget 2025 with a focus on encouraging private investment, assuaging the middle-income constituency and strengthening growth.
Budget 2025: New Income Tax bill next week, announces FM Sitharaman
Feb 01, 2025, at 01:32 pm
New Delhi/IBNS: Union finance minister Nirmala Sitharaman on Friday announced that the new Income Tax bill will be introduced next week delivering the Modi government's first full budget since returning to power for the third term.
Union Budget 2025: No income tax payable upto Rs. 12 lakh
Feb 01, 2025, at 12:54 pm
Giving relief to Indian taxpayers and giving a boost to consumption, Union Finance Minister Nirmala Sitharaman on Saturday announced in her budget speech that people with salaries up to 12 lakhs will not be required to pay tax in the new tax regime.
Indian service sector grew at 8.3 percent from FY 23 to FY 25: Economic Survey
Jan 31, 2025, at 06:19 pm
Acknowledging the importance of the Service Sector, it has been termed as ‘Old War Horse’ in the Economic Survey 2024-25 tabled in the Parliament today by Union Minister of Finance and Corporate Affairs Nirmala Sitharaman.
Economic Survey urges Indian states to focus on business reforms
Jan 31, 2025, at 05:29 pm
The degree of industrialization varies across states, with some being better positioned to leverage their industrial sectors to generate higher income levels for their populations, says the Economic Survey 2024-25 tabled in Parliament by Union Minister of Finance and Corporate Affairs Nirmala Sitharaman on Friday.
Jan 31, 2025, at 05:12 pm
The Indian Economic Survey, which was tabled in the Parliament on Friday, said Artificial Intelligence (AI) promises to usher in a new age but at the same time, it can result in large-scale labour displacement, especially at the middle and lower quartiles of the wage distribution.
Jan 31, 2025, at 04:35 pm
India’s external sector continues to display resilience amidst global headwinds of economic and trade policy uncertainties, states the Economic Survey 2024-25 tabled in the Parliament on Friday by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman.
Economic Survey calls for enhanced deregulation for MSMEs
Jan 31, 2025, at 04:32 pm
The Economic Survey, tabled by Union Minister of Finance and Corporate Affairs Nirmala Sitharaman, says that by reducing excessive regulatory burdens, governments can help businesses become more efficient, reduce costs, and unlock new growth opportunities.
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 31, 2025, at 12:30 pm
New Delhi: Finance Minister Nirmala Sitharaman will present Union Budget 2025, which will be the second full budget of Narendra Modi-led NDA government after assuming power in June 2024.
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.
Dec 19, 2024, at 07:05 pm
New Delhi: Fugitive businessman Vijay Mallya on Wednesday said that banks have recovered Rs 14,131.60 crore from him "against the judgement debt of Rs 6203 crore," yet he remains "an economic offender."
Dec 17, 2024, at 11:13 pm
New Delhi: Finance Minister Nirmala Sitharaman told the Lok Sabha on Tuesday that the government views the GDP growth slowdown in Q2FY25 as "a temporary blip" and expects improvement in the upcoming quarters.
Sitharaman bats for capex over free cash transfers to boost consumption
Dec 17, 2024, at 09:53 pm
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday asserted that capital expenditure (capex) is a more effective way to boost consumption than simply “putting money in the hands of the people,” 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.
Central government increases loan limit under Pradhan Mantri Mudra Yojana (PMMY) to Rs.20 lakh
Oct 25, 2024, at 10:29 pm
The Centre on Friday announced the limit of Mudra loans under the Pradhan Mantri Mudra Yojana (PMMY) has been enhanced from current Rs. 10 lakh to Rs. 20 lakh.
India, Uzbekistan sign Bilateral Investment Treaty in Tashkent
Sep 27, 2024, at 11:04 pm
India and Uzbekistan signed the Bilateral Investment Treaty (BIT) in Tashkent which promises to increase the confidence of investors in both the countries.
Govt to raise Rs 6.61 lakh cr via market borrowings in H2 FY 2024-25
Sep 27, 2024, at 05:33 am
New Delhi: The Central government, in collaboration with the Reserve Bank of India (RBI), announced on Thursday its plan to raise Rs 6.61 lakh crore through market borrowings during the October-March period of the current financial year 2024-25.