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With an objective to boost household consumption and aggregate demand, Finance Minister Nirmala Sitharaman announced on Saturday that incomes up to ₹12 lakh would draw no income tax. Effectively, with the existing standard deduction of ₹75,000 in the new tax regime, the limit now stands revised to ₹12.75 lakh. With the same objective, the Finance…
Union Budget 2025: What’s In It For Defence sector The total allocation to the Defence Ministry for 2025-26 stood at ₹6,81,219 crore which represents a year on year increase of 9.53% and constitutes 13.45% of the Union Budget, the highest among the Ministries. | Video Credit: The Hindu The capital allocation for the Defence Ministry…
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Farmers harvest spinach from a field in New Delhi on February 1, 2025. | Photo Credit: AFP Union Finance Minister Nirmala Sitharaman has termed the agriculture sector as the first engine of growth and announced schemes such as the Prime Minister Dhan-Dhaanya Krishi Yojana–a scheme that is likely to benefit 1.7 crore farmers in 100…
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The Union Ministry of Tribal Affairs has been allocated ₹14,925.81 crore, while the Ministry of Social Justice and Empowerment has been allocated ₹14,886 crore in the Union Budget 2025-26, presented by Finance Minister Nirmala Sitharman on Saturday (February 1, 2025). Read the Union Budget 2025 Highlights The allocations marked a 14.81% increase for Tribal…
Image used for representational purpose. | Photo Credit: PTI The Union Budget of 2024-25 provides support to healthcare delivery through increased investment in infrastructure and expansion of the health workforce. It aims to make more affordable some lifesaving drugs needed for treating cancer, other chronic diseases, and some rare diseases. It also seeks to expand…
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Government would introduce the Jan Vishwas Bill 2.0 to decriminalise over 100 outdated legal provisions to achieve greater ease of doing business in the country. Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Finance Minister Nirmala Sitharaman announced in the Union Budget 2025-26 speech that the government would introduce the Jan Vishwas Bill…
Watch: Union Budget 2025 | Key Highlights 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…
P.B. Balaji, Group CFO, Tata Motors The Union Finance Minister has delivered a growth-oriented budget that reaffirms the government’s commitment to attain the larger purpose of ‘Viksit Bharat’, with progressive policies to step up domestic consumption while driving long-term transformation. Union Budget 2025 industry reactions highlights The single most important highlight of this Budget is…
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Thiruvalluvar statue. File | Photo Credit: The Hindu Thirukkural made a comeback in Union Finance Minister Nirmala Sitharaman’s Budget speech after a four-year-gap on Saturday (February 1, 2025). She presented her eighth consecutive Budget this time. Thirukkural is not new to Budget speeches. Former Union Minister P. Chidambaram used to quote from the book during…
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Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto India’s gross Goods and Services Tax (GST) collections rebounded sharply in January, rising 12.3% from December’s weak 7.3% uptick, to hit their second highest monthly tally of ₹1,95,506 crore, with domestic revenues rising 10% and revenues from imports up 19.8%. Gross GST inflows had…
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