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A farmer walks across a wheat field on the outskirts of Amritsar. | Photo Credit: AFP A Budget is the response of a government to the challenges in the economy. The effort in the Economic Survey 2024-25 was to spin a positive narrative on the state of Indian agriculture. It claimed that Indian agriculture remained…
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The Union Budget 2025-26 earmarked ₹6.81 lakh crore — or 13.4% of total Central government expenditure — for the Ministry of Defence (MoD). Of the MoD’s total budget, ₹4.92 lakh crore, or 72%, is meant for the Defence Services (primarily the Army, Navy, Air Force and the Defence Research and Development Organisation). About ₹1.61 lakh…
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Watch: Union Budget 2025 | What’s in it for Railways? Allocation to developing customer amenities in Indian Railways has continued to decline from ₹15,510 crore in FY 2024-25 (budget estimate) to ₹12,993.97 crore (revised estimates) and now to ₹12,118.39 crore in the FY 2025-26. Also, the allocation for investment in PSUs and joint ventures has…
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Budget 2025 round-up: A bonanza for the middle class Ahead of the Budget, there was an expectation that the government would provide some relief for the middle class, which has been stuck in a rut lately. FM Nirmala Sitharaman delivered a big announcement for this class — in her Budget speech, she announced that…
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Watch | Union Budget 2025: What’s in it for MSMEs? Presenting the Budget for 2025-26, Union Minister Nirmala Sitharaman said there are over 1 crore registered MSMEs, employing 7.5 crore people, and generating 36% of our manufacturing. These MSMEs have positioned India as a global manufacturing hub, with 45% of our exports coming from them….
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If your car is sputtering, and a faulty fading battery appears to be the cause, the only immediate alternative is to try and jumpstart it by hooking it up with another running car. Finance Minister Nirmala Sitharaman sought to do just that on Saturday (February 1, 2025) with her Union Budget for 2025-26 — jumpstart…
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Cover for all: The reform is about reshaping insurance landscape to ensure every individual, business can access risk protection | Photo Credit: Sushil Kumar Verma Finance Minister Nirmala Sitharaman on Saturday said the foreign direct investment (FDI) limit for the insurance sector will be raised from 74% to 100%. However, the “enhanced limit will be…
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Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The Union Budget announced an Export Promotion Mission with an outlay of ₹2,250 crore to facilitate easy access to export credit, cross-border factoring support, and help MSMEs tackle non-tariff measures in overseas markets. The Mission, with sectoral and ministerial targets, will be driven jointly…
Finance Minister Nirmala Sitharaman announced a ₹20,000 crore ‘Nuclear Energy Mission’ to develop indigenous Small Modular Reactors (SMR). File | Photo Credit: The Hindu Finance Minister Nirmala Sitharaman announced a ₹20,000 crore ‘Nuclear Energy Mission’ to develop indigenous Small Modular Reactors (SMR). The Budget proposes that at least five of these reactors will be operationalised…
The Union Budget has allocated the Ministry of Minority Affairs ₹3,350 crore for the financial year 2025-26, which is a 5% increase from the Budget Estimate of 2024-25 at ₹3,183.24 crore. There is a major hike of approximately ₹1,000 crore in grants-in-aid to States, which was increased from ₹527.12 crore in 2024-25 to ₹1,518.31 crore…