Category: Business

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Budget 2025: Centre exempts customs duties on EV battery materials

February 1, 2025 admin

Image used for representation | Photo Credit: Reuters In its attempt to promote domestic manufacturing of lithium-ion batteries to drive electric mobility, the government will add 35 additional capital goods used in the manufacturing of Electronic Vehicle batteries to the duty exemption list, Finance Minister Nirmala Sitharaman said in her budget speech. Also Read |…

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Union Budget 2025: Cancer drugs to get cheaper, special attention to women and child healthcare

February 1, 2025 admin

The government has allocated ₹99,858.56 crore for the Union Health Ministry in the Union Budget 2025-26 — ₹95,957.87 crore for the Department of Health and Family Welfare and ₹3,900.69 crore for the Department of Health Research. It is an increase from ₹89,974.12 crore allocated in the Budget (revised estimates) of 2024-2025. The government has announced…

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Union Budget 2025-26 leaves Telangana sulking for the second year in a row

February 1, 2025 admin

Though Telangana submitted a wish-list of requirement for various projects, it drew a blank in the Union Budget 2025-26. The image is used for representative purposes only. | Photo Credit: Getty Images For the second successive year, Telangana got short shrift in the Union Budget with almost zero allocation for any of the projects for…

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Education Budget 2025: Spending on IITs, IIMs and higher education in general stagnates | Data

February 1, 2025 admin

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…

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Budgets that shaped India – The Hindu

February 1, 2025 admin

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…

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Nirmala Sitharaman’s Budget day sarees evoke interest

February 1, 2025 admin

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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Union Budget 2025-26: All AI schemes receive huge increase in allocations, as well as new Centre of Excellence

February 1, 2025 admin

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…

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Income Tax Budget 2025: Share in gross collections expected to rise, despite change in tax slabs

February 1, 2025 admin

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…

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Union Budget 2025 highlights: Tax relief for middle class, interest-free loans to States, PM Dhan Dhanya Krishi Yojana for farmers

February 1, 2025 admin

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…

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Budget 2025: Housing measures announced by Nirmala Sitharaman

February 1, 2025 admin

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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