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Finance Minister Nirmala Sitharaman has announced a revised tax structure under the new regime that will reduce taxes and leave more money in the hands of the people. She also said during her Budget speech in the Parliament that an annual income of Rs 12 lakh will attract no tax. Hours after her speech, she…
Read More “Will New Tax Rules Need Parliament Approval? What Nirmala Sitharaman Said” »
On February 1, 2025, Finance Minister Nirmala Sitharaman unveiled her record eighth Union Budget in the Indian Parliament, setting a progressive roadmap for India’s transformation into ‘Viksit Bharat’ by 2047. This budget, which encompasses a comprehensive strategy with a focus on agriculture, MSME, investment, and exports, will significantly stimulate economic growth while addressing both immediate…
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 ““What Happens If You Don’t Have A Job?” Shashi Tharoor On Union Budget 2025” »
New Delhi: The Ministry of External Affairs (MEA) has allocated Rs 5,483 crore for aid to foreign nations, slightly higher than last year’s Rs 4,883 crore. The overall budget for the MEA stands at Rs 20,516 crore, with aid to neighbouring and strategic countries remaining a crucial component. The MEA budget has placed a key…
Read More “India Increases Foreign Aid To Maldives, But This Country Tops The List” »
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 “Government Answers Your Questions On New Income Tax Regime” »
New Delhi: To boost urban infrastructure, Union Finance Minister Nirmala Sitharaman on Saturday announced that the government will set up an Urban Challenge Fund of Rs 1 lakh crore to implement the proposals for ‘cities as growth hubs’, ‘creative redevelopment of cities’ and ‘water and sanitation’. Presenting the Union Budget 2025-26, Sitharaman said the fund…
Read More “Finance Minister Announces Rs 1 Lakh Crore Fund To Ramp Up Urban Infrastructure” »
New Delhi: Finance Minister Nirmala Sitharaman’s attire to present the Union Budget today – an off-white handloom silk saree with fish-themed embroidery and a golden border – is a tribute to Bihar’s Madhubani Art. Dulari Devi, a Padma awardee who made Ms Sitharaman’s saree, said that it has filled her with “immense pride”. “Mithila’s pride…
Read More “Artist Who Made Nirmala Sitharaman’s Budget Day Saree” »
New Delhi: The highlight of Finance Minister Nirmala Sitharaman’s eighth consecutive Budget is the relief to middle-class taxpayers from the salaried class. But the Budget speech, which also announced revised tax slabs, has left many confused over the relief they will be getting. NDTV answers taxpayers’ big Budget questions What Are The New Tax Slabs?…
Read More “Should You Switch From Old Tax Regime To New? Big Budget Questions Answered” »
New Delhi: Union Finance Minister Nirmala Sitharaman on Saturday stressed unlocking the potential of India’s marine sector and said that the government will bring a framework for sustainable harnessing of fisheries with a special focus on Andaman and Lakshadweep zones. “India ranks second largest globally in fish production and aquaculture. Seafood exports are valued at…
Read More “Centre To Bring Framework For Sustainable Harnessing Of Fisheries” »
New Delhi: Bihar got a “bonanza” but Andhra Pradesh has been “cruelly ignored” in the Union Budget 2025, Congress spokesperson Jairam Ramesh said Saturday afternoon, shortly after Finance Minister Nirmala Sitharaman’s 77-minute budget speech. In a jab at the BJP-led National Democratic Alliance – of which Bihar’s ruling Janata Dal (United) and the Telugu Desam…
Read More ““Bonanza” For Bihar, Andhra Pradesh “Cruelly Ignored”: Congress’ Jab Over Budget” »