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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” »
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: 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…
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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…
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Currently, four VVER 1,000-MWe reactors are being built at the KKNPP site. | Photo Credit: The Hindu Boosting state’s power distribution and opening the nuclear power sector was announced by Union Finance minister Nirmala Sitharaman in her eighth Budget speech on Saturday (February 1, 2025). She announced incentivisation of distribution reforms to help the financial…
New Delhi: Finance Minister Nirmala Sitharaman on Saturday announced another round of Fund of Funds for Startups scheme with a corpus of Rs 10,000 crore to promote growth of budding entrepreneurs. The announcement assumes significance as the government is focusing on promoting innovation through startups. Department for Promotion of Industry and Internal Trade (DPIIT) has…
Read More “Finance Minister Announces Scheme For Startups With Rs 10,000 Crore Corpus” »
New Delhi: Union Finance Minister Nirmala Sitharaman is known for making statements with her sarees on Budget Day. Every year, she wears a saree that represents India’s rich textile heritage and traditional craftsmanship. This year was no different. This year, Ms Sitharaman chose an off-white coloured handloom silk saree with fish-themed embroidery and a golden…
Read More “A Look At Nirmala Sitharaman’s Budget Day Sarees Over The Years” »
New Delhi: Union Finance Minister Nirmala Sitharaman’s attire on Union Budget days has always gained attention for the past seven years. Her different coloured sarees with unique embroidering have told a different tale. This year, the minister’s record eighth consecutive Budget, she draped an off-white handloom silk saree with fish-themed embroidery and a golden border…
Read More “Nirmala Sitharaman’s Budget Day Saree Is A Tribute To Madhubani Art” »