The middle class has long been seeking income tax relief. Until now, tax benefits were primarily targeted at the lower segments of the income pyramid, while those in the middle and upper tiers of the middle class remained outside the scope of any significant relief. In fact, their tax burden increased due to changes in … Read more
New Delhi: People Group and Shaadi.com founder Anupam Mittal praised the Union Budget’s provision to not tax salaried individuals earning up to Rs 12.75 lakh, calling it a “systemic correction”. The Shark Tank India investor said previous Budgets reduced middle class professionals to a “punching bag”, where individuals were “taxed at every turn, squeezed for … Read more
New Delhi: Amid the Opposition’s charge that Budget 2025 had ignored Kerala, Union Minister George Kurian has said the southern state must declare that it is backward if it wants more funds from the Centre. The remark has intensified the row and the ruling Left has said the minister’s statement reflects the Centre’s “anti-Kerala” stand. … Read more
New Delhi: As campaigning for the February 5 election in Delhi enters its last leg, Prime Minister Narendra Modi today pointed to Budget 2025 and played up the proposals for Bihar and the income tax relief to the middle class. Addressing a rally in south Delhi’s RK Puram, the Prime Minister said this Budget was … Read more
New Delhi: Countering the Opposition’s charge that the Centre has extended big Budget gifts to Bihar with an eye on the upcoming Assembly polls, Finance Minister Nirmala Sitharaman has questioned if a state with such a high population density and rich history does not deserve a good international airport. The Finance Minister spoke to NDTV’s … Read more
New Delhi: The Centre has earmarked Rs 5 crore in the 2025-26 budget for providing financial assistance to the prisoners who languish in jail because they could not afford their bail money. Under the ‘Model Prisons and Correctional Services Act’ 2023, State Legal Services Authorities have established Legal Service Clinics in jails to provide free … Read more
Finance Minister Nirmala Sitharaman presented her eighth consecutive budget today in the Parliament. The government has announced major reforms, including a no-tax burden on up to Rs 12 lakh annual income, except special income. Along with reforms and boosts for startups and MSMEs, the Centre’s defence outlay has also witnessed a hike compared to the … Read more
New Delhi: Congress MP Shashi Tharoor on Saturday reacted to the Union Budget presented by Finance Minister Nirmala Sitharaman, questioning what would happen to those who are not employed. Mr Tharoor’s statements were in response to the revised tax slabs and rates under the new regime. “I think, frankly, the applause you heard from the … Read more
Finance Minister Nirmala Sitharaman delivered her eighth consecutive Union Budget for 2025 on Saturday. Before the presentation, Ms Sitharaman met President Droupadi Murmu at Rashtrapati Bhavan, who offered her ‘dahi-cheeni‘ (curd and sugar), a gesture believed to bring good luck. The Budget for FY25-26 outlined key measures aimed at boosting India’s agricultural sector, ensuring food … Read more
Union Finance Minister Nirmala Sitharaman unveiled the Budget 2025-26 on Saturday, announcing key reforms to tax exemptions and more. Sitharaman emphasized that the new budget would focus on accelerating employment-led growth through strategic investments in agriculture, rural development, and exports. “This budget is dedicated to accelerating growth, driven by our aspirations for a ‘Viksit Bharat.’ … Read more