Stay Connected. Stay Informed.
Business
In a continuing quest to encourage small and medium firms in the clean energy sector, Union Finance Minister Nirmala Sitharaman has exempted cobalt powder and waste, the scrap of lithium-ion batteries, lead, zinc, and 12 other critical minerals from basic customs duty. In her July 2024 Budget, Ms Sitharaman had already exempted 25 critical minerals…
Read More “Union Budget 2025: Fresh boost for quest towards clean energy” »
George Kurian. File | Photo Credit: TH Union Minister George Kurian has said that if Kerala wants more funds from the Centre, the State should declare that it is backward in terms of education, infrastructure, and social welfare. The remark from Mr. Kurian, while speaking to reporters in the national capital, came in the wake…
Read More “Let Kerala say it is backward: Union Minister George Kurian” »
In a quest to boost private sector research and development in India, the Union Budget has allocated ₹20,000 crore to the Ministry of Science and Technology (MoST) for “research, development and innovation”, which several scientists have described as “historic”. Typically, the Ministry’s annual budget has averaged around ₹6,000 crore to ₹8,000 crore. “This is a…
Congress leader P. Chidambaram and Gaurav Gogoi addressing the media on Budget at AICC, in New Delhi on Saturday. | Photo Credit: Sushil Kumar Verma The key takeaway of the Union Budget 2025-26 is that the BJP is wooing the tax-paying middle class and the electorate of Bihar, former Finance Minister P Chidambaram said on…
Read More “FM trudging on ‘worn-out’ path; tax cuts after decade of high rates: Congress” »
The Finance Minister said the total number of students in 23 IITs has increased 100% from 65,000 to 1.35 lakh in the past 10 years. A view of IIT Madras. File The Union Budget 2025-26 has increased the allocation for school and higher education and has announced Bharatiya Bhasha Pustak Scheme to provide digital-form Indian language…
CPI(M) West Bengal State Secretary Mohammad Salim. File | Photo Credit: The Hindu The Communist Party of India (Marxist) West Bengal State Secretary Md. Salim said on Saturday (February 1, 2025) that the Budget presented by the Union government was for Bihar. The veteran leader criticised the lack of allocations for women, farmers, the poor,…
Read More “Union Budget 2025: This is a Budget for poll-bound Bihar, other States ignored: CPI(M)” »
The Union Budget has increased the allocation for the Ministry of External Affairs (MEA) by 15.45%. The total allocation of ₹20,516.61 crore made for the annual requirements of the MEA is, however, without the EXIM bank provisioning that is also part of the MEA’s annual budget plans. The Ministry has received ₹6,750 crore comprising 33%…
Read More “Union Budget 2025: Budgetary allocation for MEA hiked by 15.45%” »
Prathap C Reddy. | Photo Credit: The Hindu Prathap C. Reddy, chairman of Apollo Hospitals, said Union Budget 2025 will serve as a launchpad to establish India as a global centre for advanced healthcare and medical innovation. Praising the Budget, Dr. Reddy said the addition of 75,000 new medical seats over the next five years…
Read More “Union Budget to position India as global healthcare hub: Prathap Reddy” »
Trinamool Congress leader Abhishek Banerjee. File | Photo Credit: DEBASISH BHADURI Highlighting that not a single meaningful financial allocation had been made to West Bengal in the Union Budget 2025-25 presented by Finance Minister Nirmala Sitharaman, the Trinamool Congress (TMC) leadership on Saturday (Saturday 1, 2024) said that the Budget was nothing short of an…
Read More “Union Budget aimed at economic betrayal of Bengal, says Trinamool Congress” »
Ms. Sitharaman set out four ‘engines’ that informed the Union Budget’s proposed schemes and initiatives. These are agriculture, MSMEs (or Micro, Small, Medium Enterprises), Investments and Exports. Under these categories, the Finance Minister laid out the government’s plans that focused on areas like sustainability, self-reliance, economic growth, employment and more. Explore these schemes using the…
Read More “Union Budget 2025: Schemes announced for farmers, middle class and students” »
