Tag: union budget 2025

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 |…

Business

“What Happens If You Don’t Have A Job?” Shashi Tharoor On Union Budget 2025

February 1, 2025 admin

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…

Nation

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…

Business

Government Answers Your Questions On New Income Tax Regime

February 1, 2025 admin

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…

Nation

Budget 2025 Live: New Income Tax Slabs

February 1, 2025 admin

New Delhi: Finance Minister Nirmala Sitharaman in her Union Budget 2025 speech today announced a new tax slab that has been refreshed across the board. Under the new regime, there is no tax on income up to Rs 12 lakh, and no tax on income up to Rs 12.75 lakh for salaried people, due to…

Nation

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…

Business

Budget 2025: FM opens up Nuclear power sector to private players and incentivises distribution reforms

February 1, 2025 admin

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…

Science

Finance Minister Announces Scheme For Startups With Rs 10,000 Crore Corpus

February 1, 2025 admin

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…

Nation

Government to launch focused scheme for footwear, leather sectors: Sitharaman

February 1, 2025 admin

Finance Minister Nirmala Sitharaman said a focused scheme will be launched for the footwear and leather sectors while steps will be initiated to make India a global toy manufacturing hub. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on Saturday (February 1, 2025) said a focused scheme will be launched for the footwear and leather…

Business

Budget focussed on driving growth, inclusive development: Sitharaman

February 1, 2025 admin

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman along with the Ministers of State for Finance Pankaj Chaudhary and team members of Finance, outside the her office at North Block in New Delhi on Saturday. Finance Minister to be general budget 2025-26, in the Parliament, February 01, 2025. | Photo Credit: SHIV KUMAR PUSHPAKAR…

Business