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The share of allocation to IITs in FY26 remained the same as the revised estimates in FY25. | Photo Credit: VELANKANNI RAJ B In FY26, the government is expected to spend ₹50,077.95 crores on higher education. The allocation increased by ₹3,595.6 crore, when compared with the revised estimates for the year FY25. While the allocation…
Until 2021, Budget documents were printed and distributed as booklets to parliamentarians. In this 2016 photo, a Central Reserve Police Force (CRPF) soldier stands guard over Railway Budget documents at Parliament House in New Delhi. | Photo Credit: Kamal Narang In this six-article series, we take a look at the Union Budgets which shaped the…
File images show Union Finance Minister Nirmala Sitharaman with the ‘Union Budget’ in the years (left to right top row) 2019, 2020, 2021 and 2022 and (left to right bottom row) 2023, 2024 (interim Budget), 2024 (General Budget) and Union Budget 2025-26, in New Delhi. | Photo Credit: PTI The Union Budget 2025 tabled on…
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The IndiaAI mission got the highest increase in allocation Finance Minister Nirmala Sitharaman presented the Union Budget for 2025, unveiling the eighteenth Cabinet’s plans for funding the integration of Artificial Intelligence (AI) in various fields. Allocations for all schemes related to AI have seen significant increases since the previous Union Budget. In her 8th Budget…
For income taxpayers, the ‘nil tax’ slab was increased to Rs 12 lakh in the Union Budget 2025. Despite announcing that no income tax needs to be paid up to an income of Rs 12 lakh under the new regime, the government is still expecting the share of income tax in gross tax collections to…
Finance Minister Nirmala Sitharaman presented her eighth record Budget in the Lok Sabha that comes in the backdrop of growth slowing down to four-year-low of 6.4%. This is the second Budget of the BJP-led NDA Government in its third term in office. Ms. Sitharaman started her speech by saying that this Budget will initiate reforms…
Image for representative purpose | Photo Credit: The Hindu Presenting the Union Budget for 2025 in the Parliament on Saturday (February 1, 2025), Finance Minister Nirmala Sitharaman listed measures to expand affordable housing. Ms. Sitharaman announced that 40,000 units of housing would be completed in 2025-26 to help families which have taken loans to buy…
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Govt. proposes nil tax on income up to ₹12 lakh per annum under New Tax Regime, Finance Minister Nirmala Sitharaman said in her Union Budget 2025 speech in the Parliament, in New Delhi on February 1. 2025.. (Representational image) In the most anticipated announcement this Union Budget 2025, Finance Minister Nirmala Sitharaman announced there would…
Finance Minister Nirmala Sitharaman shows a red pouch containing the budget documents, as she arrives to present the Union Budget 2025 in the Parliament in New Delhi, on February 1, 2025. | Photo Credit: AP Finance Minister Nirmala Sitharaman presented a record 8th consecutive Union Budget on Saturday (February 1, 2025). Also read: Budget 2025 LIVE updates…
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Finance Minister Nirmala Sitharaman said a focused scheme will be launched for the footwear and leather sectors while steps will be initiated to make India a global toy manufacturing hub. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on Saturday (February 1, 2025) said a focused scheme will be launched for the footwear and leather…
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