Tag: union budget 2025

To Boost Infrastructure, Improve Liquidity For Private Players

January 28, 2025 admin

Investment in infrastructure generates significant multiplier effects on the economy. This is particularly true for public spending in the form of capital expenditure. An initial investment in infrastructure triggers additional economic activity beyond the direct cost of construction, resulting in broader economic benefits. These benefits include increased employment, enhanced business activity, and higher consumer spending…

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When Union Budget Was Leaked And Led To Big Change In Printing Process

January 27, 2025 admin

As Finance Minister Nirmala Sitharaman prepares to present her eighth consecutive Union Budget, the process remains shrouded in secrecy. The Budget-making process involves the Finance Minister and high-ranking officials working in isolation, with strict measures like mobile phone bans. Ministries, states, Union Territories, and various departments are tasked with preparing estimates, and only after approval…

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Union Budget 2025: MGNREGA wages must be increased to ₹400 per day, says Jairam Ramesh

January 27, 2025 admin

Accusing the Modi government of perpetuating a policy of indifference to the plight of MGNREGA workers, the Congress on Monday (January 27, 2025) demanded that the Union Budget must increase MGNREGA wages and the Aadhar-Based Payment Bridge Systems not be made mandatory. The Opposition party demanded that MGNREGA wages be increased with the goal of…

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Union Budget 2025: Health experts hope for less GST on medical goods, better funding for R&D, inclusion in PMJAY from age 60

January 25, 2025 admin

Image for representation. | Photo Credit: The Hindu Stakeholders from the healthcare sector, specifying their expectations from the upcoming Union budget, sought higher budget allocation for the sector; reduction in Goods and Services Tax (GST) and import duties on critical medical equipment and supplies; lower treatment costs for patients; and easy accessibility to various schemes…

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ICAI Proposes Joint Tax Filing, How Married Couples Will Benefit From It

January 25, 2025 admin

Ahead of the Union Budget 2025, the Institute of Chartered Accountants of India (ICAI) has proposed the introduction of joint taxation for married couples. Under joint taxation, a married couple would be treated as a single taxable unit, allowing them to combine their incomes when filing tax returns, similar to systems already in place in…

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What Is ‘Budget At A Glance’ Document

January 24, 2025 admin

Finance Minister Nirmala Sitharaman will present her eighth straight Union Budget on February 1. As the nation gears up for key announcements, one document that often gets overlooked but is incredibly valuable to understanding the government’s fiscal plans is the ‘Budget at a glance’. What is the ‘Budget at a glance’ document? The ‘Budget at…

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Budget should provide relief from rising prices, says Congress

January 23, 2025 admin

Jairam Ramesh | Photo Credit: SUSHIL KUMAR VERMA Unemployment and inflation resulting from the “wrong policies” of the Narendra Modi government had made life extremely difficult for lower and middle-class families, and the country now needed a budget that provided relief from rising prices, the Congress said on Thursday (January 23, 2025). Finance Minister Nirmala…

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NDA 3.0 must use political capital to implement structural reforms in upcoming Budget: D. Subbarao

January 23, 2025 admin

The NDA 3.0 government must use its enormous political capital to implement ‘politically difficult’ structural reforms in the upcoming budget to promote growth and job creation, former RBI Governor D. Subbarao said on Thursday (January 23, 2025). The Union Budget for 2025-26, to be presented by Finance Minister Nirmala Sitharaman on February 1, comes amid…

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Who Presented The First-Ever Budget In India

January 22, 2025 admin

The Union Budget holds immense significance in the country’s economic framework, with its roots tracing back to the colonial era. This document outlines the government’s finances, including revenues, expenditures and fiscal policies. Over the years, the Budget has evolved significantly, adapting to the changing economic landscape of the nation. The upcoming Union Budget for 2025-26…

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New Regime Or Old Regime

January 21, 2025 admin

The income tax system in India operates through a progressive slab structure. The amount of tax an individual pays is directly proportional to their income in a financial year. The system is designed to ensure fairness, where higher earnings are taxed at a higher rate. The income tax slabs are periodically revised, usually as part…

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