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New Delhi: Union Minister for Finance & Corporate Affairs Nirmala Sitharaman chairs the eighth pre-budget consultation in New Delhi, on Jan. 6, 2025. With Budget FY2025-26 scheduled to be presented on February 1, here is a look at some of the recently launched schemes, older schemes with significantly reduced funding, schemes under the Production Linked…
Read More “37 old and new schemes to look out for on Budget day” »
“From August 15, 1947, the chains of our bondage have been broken and we are free to translate our dreams into reality. The plans are there, but we find that our freedom was born in an era so fluid and fastchanging that any predetermined step otheithan the next became obsolete before it could be taken….
New Delhi: Sixteen bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled in Parliament’s Budget session, which begins Friday with the Economic Survey 2024/25. Among the 13 others likely this session are amendments to the…
Read More “16 Bills, Including Waqf Amendment Act, To Be Tabled In Budget Session” »
Collage of Union Finance Minister Nirmala Sitharaman arriving at Parliament House to present the Union Budget from 2019 to 2024 | Photo Credit: PTI Finance Minister Nirmala Sitharaman on February 1 will present a record eighth consecutive Union Budget that is expected to contain measures to shore up weakening economic growth and ease the burden…
New Delhi: The Direct Tax Code – a new income tax bill meant to simplify compliance for individual taxpayers – will be introduced separately, and not as part of the Union Budget 2025 to be delivered by Finance Minister Nirmala Sitharaman on Saturday morning, sources have told NDTV. There had been reports the new tax…
Read More “Is There New, ‘Simpler’ Income Tax Act In Budget 2025? What Sources Said” »
The Indian economy is going through a rough patch as was evident from the recently released provisional estimates of its Gross Domestic Product (GDP). The underlying growth rate is lower than what was expected and estimated by the government earlier. What is surprising is that, as noted in the last Economic Survey, this slowdown is…
Read More “How can the Budget arrest growth decline? | Explained” »
Stepping out of the post-war transition, India’s Finance Minister Mr. C.D. Deshmukh’s Union Budget 1955-56 laid the foundation for the country’s industrialisation. Closing out the First Five-Year Plan, the Budget reflected an increasing tempo of Government expenditure, reported The Hindu on February 28, 1955. Delivering his seventh budget speech, Mr. Deshmukh presented the document in…
Read More “Union Budget 1955: Laying foundation for India’s industrialisation” »
The Union Budget and Railway Budget were presented separately until 2017 when the government ended the 92-year-old practice and merged them. Arun Jaitley presented the first combined Budget for the fiscal year 2017-18, and since then the practice has become a norm. Finance Minister Nirmala Sitharaman will table her eighth Union Budget on February 1 for the fiscal…
Read More “What Led To The Merger Of Railway And Union Budget In 2017” »
The Union Budget is traditionally presented by the Finance Minister in the Lok Sabha every year, as mandated under Article 112 of the Constitution. But there have been occasions when the Prime Minister had to step in and table the Budget. The first time this happened was in 1958 when Jawaharlal Nehru presented the Budget, making…
Read More “When The Prime Minister Not The Finance Minister Presented The Budget” »
Union Finance Minister Nirmala Sitharaman | Photo Credit: PTI Finance Minister Nirmala Sitharaman will present the Union Budget for the upcoming year on Saturday, February 1, 2025. The first part of the Budget session will begin on January 31 and conclude on February 13, 2025. The second part will begin on March 10 and end…