Budget Session Day 3 Live Updates: Prime Minister Narendra Modi will reply to the Motion of Thanks on the President’s Address. He will address the Lok Sabha a day after Congress leader Rahul Gandhi raised the India-China border row, a US invite to the PM, Make In India and claims of voters being added to … 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
New Delhi: The government today cut personal income tax rates for some sections of taxpayers in a bid to boost consumption. Currently, under the system introduced in 2020, annual income of up to Rs 15 lakh is taxed at a rate between 5 per 20 per cent, while income of more than Rs 15 lakh … Read more
New Delhi: Finance Minister Nirmala Sitharaman on Saturday announced another round of Fund of Funds for Startups scheme with a corpus of Rs 10,000 crore to promote growth of budding entrepreneurs. The announcement assumes significance as the government is focusing on promoting innovation through startups. Department for Promotion of Industry and Internal Trade (DPIIT) has … Read more
New Delhi: Union Finance Minister Nirmala Sitharaman is known for making statements with her sarees on Budget Day. Every year, she wears a saree that represents India’s rich textile heritage and traditional craftsmanship. This year was no different. This year, Ms Sitharaman chose an off-white coloured handloom silk saree with fish-themed embroidery and a golden … Read more
Union Budget 2025: Understanding the Budget’s Impact on Incomes Union Budget 2025: The Union Budget 2025, to be unveiled by Finance Minister Nirmala Sitharaman on February 1, is drawing significant attention, particularly for its expected implications on income tax for taxpayers. With increasing living expenses and economic pressures, many are hopeful for initiatives that provide … Read more
New Delhi: Sixteen bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled in Parliament’s Budget session, which begins Friday with the Economic Survey 2024/25. Among the 13 others likely this session are amendments to the … Read more
New Delhi: The Direct Tax Code – a new income tax bill meant to simplify compliance for individual taxpayers – will be introduced separately, and not as part of the Union Budget 2025 to be delivered by Finance Minister Nirmala Sitharaman on Saturday morning, sources have told NDTV. There had been reports the new tax … Read more
Investment in infrastructure generates significant multiplier effects on the economy. This is particularly true for public spending in the form of capital expenditure. An initial investment in infrastructure triggers additional economic activity beyond the direct cost of construction, resulting in broader economic benefits. These benefits include increased employment, enhanced business activity, and higher consumer spending … Read more
Finance Minister Nirmala Sitharaman will present her eighth straight Union Budget on February 1. As the nation gears up for key announcements, one document that often gets overlooked but is incredibly valuable to understanding the government’s fiscal plans is the ‘Budget at a glance’. What is the ‘Budget at a glance’ document? The ‘Budget at … Read more