July Budget 2024 Recap: From new tax slabs to green energy boost, key takeaways from first budget of Modi 3.0
1 month, 3 weeks ago

July Budget 2024 Recap: From new tax slabs to green energy boost, key takeaways from first budget of Modi 3.0

Live Mint  

Budget 2025: As India awaits the Modi 3.0 government's second full budget announcement today, all eyes are on Union Finance Minister Nirmala Sitharaman. The revised estimates of the previous year showed that India's capex was at 12.71 lakh crore as of FY2023-24 revised figures, compared to the budget estimates of 12.70 lakh crore in the same fiscal. Total Expenditure: India's total expenditure for the year FY2024-25 was expected to be over ₹ 47.65 lakh crore, as per the 2024-25 budget estimates in the official Finance Ministry data. The total expenditure for the year 2023-24 was over ₹ 44.90 lakh crore, as per the revised estimates data, compared to the budget estimates of ₹ 45.03 lakh crore in the same year. Budget 2024 new Tax Regime slabs: Up to ₹ 3 lakh will pay 0 per cent tax.

India Energy Tax Budget Pay Income Crore Centre Cent Lakh Sitharaman Estimates Revised Announced Capital Expenditure 3 Lakh  boost  announced  slabs  takeaways  tax  modi  green  budget  key  lakh  estimates  cent  energy  revised  pay  crore  income  recap

History of this topic

Budget provides ‘marginal relief’ for those taxpayers whose income exceeds ₹12 lakh p.a., says Nirmala Sitharaman
Trending News
2 days, 22 hours ago

Budget provides ‘marginal relief’ for those taxpayers whose income exceeds ₹12 lakh p.a., says Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on Tuesday said the Finance Bill 2025 provides unprecedented tax relief, and the 13.14% projected growth in personal income tax collection is "realistic" and supported by solid data. Union Budget 2025: Tax bonanza for middle class In the 2025-26 Budget, the government has hiked income tax rebate to ₹12 lakh per annum from ₹7 lakh earlier. …

Israel strikes Gaza, Nagpur violence, Sunita Williams returns from ISS, and more: The week in 5 charts
3 days, 3 hours ago

Israel strikes Gaza, Nagpur violence, Sunita Williams returns from ISS, and more: The week in 5 charts

The Hindu  

Israel breaks ceasefire with attack on Gaza Israel launched a barrage of airstrikes into Gaza on Tuesday, killing hundreds. Sunita Williams returns home after nine months in space NASA’s Sunita Williams, Barry Wilmore, Nick Hague, and Russian cosmonaut Aleksandr Gorbunov, began their journey back to earth aboard a SpaceX capsule on Tuesday, the first two marking the end of an …

Delhi CM Rekha Gupta presents ₹one lakh crore “historic budget” for 2025-26
Top News
3 days, 4 hours ago

Delhi CM Rekha Gupta presents ₹one lakh crore “historic budget” for 2025-26

Hindustan Times  

Delhi Chief Minister and Finance Minister Rekha Gupta on Tuesday presented the Budget for the financial year 2025-26 with an outlay of ₹one lakh crore, marking a 31.5 per cent increase from the previous year. Calling it a “historic Budget,” Gupta emphasized that the era of “corruption and inefficiency” was over, with the government doubling capital expenditure to ₹28,000 crore. …

Tripura govt presents ₹32,423.44 crore tax free budget, proposes 13 new schemes
6 days, 23 hours ago

Tripura govt presents ₹32,423.44 crore tax free budget, proposes 13 new schemes

Live Mint  

Agartala, Mar 21 Tripura Finance Minister Pranajit Singha Roy on Friday presented ₹32,423.44 crore budget for 2025-26, proposing a total of 13 new welfare schemes to help job seekers, mentally challenged persons, visitors to the state capital and others. Noting that the government focuses on inclusive growth, the minister said, “More focus was given on capital expenditure in the budget …

Capex push, fiscal discipline hasn’t come at the cost of social spending cut: Sitharaman
1 week, 2 days ago

Capex push, fiscal discipline hasn’t come at the cost of social spending cut: Sitharaman

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman on Tuesday said the government’s push for capital expenditure, while maintaining fiscal discipline, has not come at the cost of public spending, emphasizing that allocations for social welfare and education have increased significantly. Speaking at the Rajya Sabha, Sitharaman said the effective capital expenditure for the next fiscal year, 2025-26, is projected to be …

Telangana Budget 2025-26 to be presented in Assembly on Wednesday
1 week, 2 days ago

Telangana Budget 2025-26 to be presented in Assembly on Wednesday

The Hindu  

The stage is all set for the presentation of Telangana’s annual financial statement, budget, for the financial year 2025-26 in the Legislative Assembly on Wednesday. Deputy Chief Minister Mallu Bhatti Vikramarka, who holds the Finance portfolio, will present the budget in the House around noon on Wednsday even as the Finance department officials initiated efforts to fine tune the annual …

Haryana budget: Focus on women, AI but dip in capex a worry
Trending News
1 week, 3 days ago

Haryana budget: Focus on women, AI but dip in capex a worry

Hindustan Times  

Proposing an ambitious budget outlay of about ₹2.05 lakh crore for the 2025-26 financial year, Haryana chief minister Nayab Singh Saini on Monday presented his maiden budget estimates in the state assembly. Haryana chief minister Nayab Singh Saini The budget outlay of ₹2.05 lakh crore was about 8% higher than the ₹1.89 lakh crore presented by Saini’s predecessor Manohar Lal …

Mahayuti avoids populist schemes in the first budget after returning to power
2 weeks, 3 days ago

Mahayuti avoids populist schemes in the first budget after returning to power

Hindustan Times  

Mumbai: Four months after winning the Maharashtra assembly elections on the back of a slew of populist schemes, the Mahayuti government’s first budget after retaining power reflected an estimated debt of ₹9,32,242 crore for the financial year 2025-26, which is the highest in the state’s history. Populist schemes worth ₹96,000 crore announced in last year’s budget in June, weeks after …

Karnataka Budget 2025-26 key highlights: Infographics
Trending News
2 weeks, 6 days ago

Karnataka Budget 2025-26 key highlights: Infographics

The Hindu  

Karnataka Chief Minister Siddaramaiah presented the State budget for 2025-26 in the legislature today, outlining how his government plans to spend around ₹4.09 lakh crore in the coming year. Mr. Siddaramaiah laid out six key focus areas in his budget speech - “people-oriented” welfare initiatives, agriculture and rural development, increased investment in infrastructure, health and education, urban development, job creation …

Chhattisgarh presents Rs 1.65 lakh cr budget for FY 2025-26, key focus on growth, infrastructure, welfare
3 weeks, 3 days ago

Chhattisgarh presents Rs 1.65 lakh cr budget for FY 2025-26, key focus on growth, infrastructure, welfare

India TV News  

Chhattisgarh presents Rs 1.65 lakh cr budget for FY 2025-26, key focus on growth, infrastructure, welfare Chhattisgarh’s Rs 1.65 lakh crore budget for 2025-26 focuses on growth, infrastructure, and welfare under the ‘GATI’ theme. Chhattisgarh’s Finance Minister OP Chaudhary on Monday presented the state’s budget for the financial year 2025-26, amounting to Rs 1,65,000 crore. Welfare and agricultural support The …

Bihar govt. tables Budget of ₹3.17 lakh crore for the year 2025-26
3 weeks, 4 days ago

Bihar govt. tables Budget of ₹3.17 lakh crore for the year 2025-26

The Hindu  

Ahead of the State elections in October-November this year, the Bihar government on Monday tabled estimated Budget of ₹3,16,895.02 crore in the Assembly for the financial year 2025-26. The Deputy Chief Minister Samrat Choudhary who also holds finance department said that the State government would spend ₹60,954 crores on education, ₹20,335 crores on health, ₹16,193 crores on rural development and …

Jharkhand Budget 2025: Government tables ₹1.45 lakh crore Budget for FY 2025-26 in Assembly
Trending News
3 weeks, 4 days ago

Jharkhand Budget 2025: Government tables ₹1.45 lakh crore Budget for FY 2025-26 in Assembly

The Hindu  

The Jharkhand Government on Monday tabled a ₹1.45 lakh crore Budget for the financial year 2025-26 in the State Assembly. The Jharkhand Mukti Morcha -led coalition Government had presented a Budget of ₹1.28 lakh crore for the 2024-25 financial year. Presenting the first budget of the Heman Soren’s government after retaining power in the assembly election last year, Mr. Kishore …

India’s fiscal deficit hits ₹11.7 trillion in April-January period, 74.5% of FY25 target
Trending News
3 weeks, 6 days ago

India’s fiscal deficit hits ₹11.7 trillion in April-January period, 74.5% of FY25 target

Live Mint  

India's fiscal deficit for the April-January period of financial year 2024-25 stood at ₹11.70 trillion, 74.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts on Friday. Receipts and expenditure During the April-January period, net tax receipts stood at ₹19.04 trillion, or 74.4% of the target set in the annual budget, against ₹18.80 …

India’s Core Sector Grows 4.6% in Jan; Fiscal Deficit at 74.5%
Trending News
3 weeks, 6 days ago

India’s Core Sector Grows 4.6% in Jan; Fiscal Deficit at 74.5%

Deccan Chronicle  

New Delhi: The output of eight key infrastructure sectors rose by 4.6 per cent in January against a 4.2 per cent expansion in the same month of last year, but it was slower compared to 4.8 percent a month ago, while the Centre's fiscal deficit touched 74.5 per cent of the annual target at the end of January 2025, two …

India’s April-Jan fiscal deficit hits ₹11.7 lakh crore, widens to 74.5% of revised FY25 target
Top News
3 weeks, 6 days ago

India’s April-Jan fiscal deficit hits ₹11.7 lakh crore, widens to 74.5% of revised FY25 target

Live Mint  

The Centre's fiscal deficit touched 74.5 per cent of the annual target at the end of January 2025, according to the data released by Controller General of Accounts on Friday. The CGA data showed that the central government's tax revenue was ₹19.03 lakh crore, or 74.4 per cent of the RE of 2024-25. The total expenditure was at ₹35.7 lakh …

India's GDP Grows 6.2% in Q3 FY25, Recovery Gains Pace
Trending News
3 weeks, 6 days ago

India's GDP Grows 6.2% in Q3 FY25, Recovery Gains Pace

Deccan Chronicle  

New Delhi: In line with the economists’ expectations, India’s economy regained the momentum in the December quarter, with its gross domestic product or GDP growing at 6.2 per cent, after slipping to a seven-quarter low of 5.6 per cent in the preceding July-September period. The nominal GDP or GDP at current prices is estimated to attain a level of Rs …

A.P. govt presents ₹3.2 lakh crore Budget for 2025-26
1 month ago

A.P. govt presents ₹3.2 lakh crore Budget for 2025-26

The Hindu  

The Andhra Pradesh state government, on Friday, presented the annual budget for the financial year 2025-26 with a total outlay of ₹3,22,359 crore. Presenting the budget in Andhra Pradesh Assembly on Friday, Andhra Pradesh Finance Minister Payyavula Keshav said that the estimated revenue deficit is around Rs. The revenue deficit is 3.01% and fiscal deficit is 4.57 per cent of …

UP Budget goes bigger, but fund utilisation remains a challenge
1 month, 1 week ago

UP Budget goes bigger, but fund utilisation remains a challenge

Hindustan Times  

LUCKNOW Uttar Pradesh government may have increased the allocations for various sectors with the size of the annual budget also going up year after year, but it faces the greater challenge of spending the funds. In 2023-2024, the state government estimated a revenue expenditure of ₹ 5.21 lakh crore, and could use only ₹ 4.29 lakh crore. The government later …

Indian economy likely grew by 6.2-6.3% in December quarter of FY25 on capex, demand revival: SBI
1 month, 1 week ago

Indian economy likely grew by 6.2-6.3% in December quarter of FY25 on capex, demand revival: SBI

Live Mint  

India Q3 GDP Growth: The State Bank of India estimates that India's gross domestic product grew 6.2-6.3 per cent in the December quarter of 2024-25. India Q3 GDP Growth Estimates SBI Research's October-December GDP estimates highlighted its in-house developed 'Nowcasting Model', which leverages 36 high-frequency indicators. India's GDP grew by 8.2 per cent during the financial year 2023-24 and continued …

Centre spends more than ₹3 lakh crore in subsidies in FY25; food accounts for over 50%
1 month, 1 week ago

Centre spends more than ₹3 lakh crore in subsidies in FY25; food accounts for over 50%

Live Mint  

The government has spent a total of ₹3.07 lakh crore on subsidies so far in FY25, with food subsidies becoming the largest component of its total subsidy expenditure. The total expenditure of ₹3.07 lakh crore is much higher than what the Centre spent in the same period last year. So far in FY25, the Centre has allocated ₹1.64 lakh crore …

Telangana budget unlikely to cross Rs 3 lakh crore mark
1 month, 2 weeks ago

Telangana budget unlikely to cross Rs 3 lakh crore mark

Deccan Chronicle  

Hyderabad:The government is expected to present the Budget for the financial year 2025-26 in March. Revenue expenditure accounted for `1,32,200.15 crore, or 59.83 per cent of ` 2,20,944.81 crore budgeted, while capital expenditure was `25,295.76 crore, marking just 75.54 per cent of the planned `33,486.50 crore. By December 2024, total revenue receipts amounted to `1,12,307.30 crore, 50.76 per cent of …

‘Making budget more difficult than before; govt to use 99% borrowings in FY26 for capex’: FM Sitharaman
1 month, 2 weeks ago

‘Making budget more difficult than before; govt to use 99% borrowings in FY26 for capex’: FM Sitharaman

Live Mint  

Union finance minister Nirmala Sitharaman said on Tuesday, February 12, 2025, that the government will use almost all its borrowing in 2025-26 to finance capital expenditure. FM Sitharaman highlighted the effective capex in FY26 is ₹15.48 lakh crore, which is 4.3 per cent of the gross domestic product. So, in effect, the government intends to use about 99 per cent …

Capex Shortfall May Slow EPC Growth in FY26
1 month, 3 weeks ago

Capex Shortfall May Slow EPC Growth in FY26

Deccan Chronicle  

Chennai: Considering the trend in recent years, the actual capex spend by the government may not meet the target in FY26 and this may see a subdued growth in the engineering, procurement and construction projects. In FY25, the capex spending increased just 7 per cent to Rs 10.2 lakh crore against the budgeted forecast of 17 per cent to Rs …

Fiscal consolidation to slow as budget relies on tax measures to support economy: Moodys
Trending News
1 month, 3 weeks ago

Fiscal consolidation to slow as budget relies on tax measures to support economy: Moodys

Deccan Chronicle  

Mumbai: Moody’s Ratings on Tuesday said that the income tax cuts announced in the Union Budget 2025 will boost middle-class spending and benefit corporates and the financial sector but warned that the lost revenue could slow fiscal consolidation despite a decline in spending as a share of GDP. Although the government has estimated consequent foregone revenue at around Rs 1 …

Amid challenges, U.P. govt gets ready to present 2025-2026 budget
1 month, 3 weeks ago

Amid challenges, U.P. govt gets ready to present 2025-2026 budget

Hindustan Times  

Amid challenges of mobilising additional funds and making use of them, the U.P. We now have an idea about the funds earmarked for the state – U.P.’s share in the central taxes, central assistance and the likely allocations under centrally “Around 10 to 15 percent increase is expected in the size of the state government’s budget as many big development …

GST Council to decide on fewer, lower tax rates soon: Nirmala Sitharaman
1 month, 3 weeks ago

GST Council to decide on fewer, lower tax rates soon: Nirmala Sitharaman

India Today  

Finance Minister Nirmala Sitharaman announced on Tuesday that the GST Council is nearing a decision on rationalising tax rates, as the review process is almost complete. Addressing speculation, Sitharaman dismissed claims that the tax relief was politically motivated ahead of the Delhi Assembly elections, asserting that it reflects Prime Minister Narendra Modi's commitment to taxpayers. The Budget has allocated Rs …

Budget 2025: Tax revenue assumptions seem somewhat optimistic
1 month, 3 weeks ago

Budget 2025: Tax revenue assumptions seem somewhat optimistic

New Indian Express  

The Union Budget for FY2026 attempts to strike a balance between supporting economic activity and fiscal consolidation, which is quite commendable given India’s current macroeconomic situation and the uncertain global environment. The Government’s assumption of 13.1% expansion in income tax collections in FY2026 is quite substantial, in light of the tax cuts, which are expected to lead to a revenue …

Budget 2025 overlooks joblessness
Trending News
1 month, 3 weeks ago

Budget 2025 overlooks joblessness

The Hindu  

The previous Budget, presented in July 2024 after the Lok Sabha election, had accorded priority to employment and skill development, given the nature of the election mandate. Among centrally The Finance Minister has sought to counterbalance the deflationary impact of these expenditure cuts by enhancing the annual rebate for income tax payers from ₹7 lakh to ₹12 lakh from 2025-26. …

Days of intrusive tax scrutiny over, taxpayer facilitation is the new mantra: CBDT chief Ravi Agarwal
1 month, 3 weeks ago

Days of intrusive tax scrutiny over, taxpayer facilitation is the new mantra: CBDT chief Ravi Agarwal

Live Mint  

The days of intrusive tax scrutiny and compliance enforcement are over and tax administration will be based purely on trust and greater reliance on data mining, Central Board of Direct Taxes chairperson Ravi Agrawal said in a post budget interview to Mint. Agarwal said that under the revamped new personal income tax regime, those with ₹24 lakh annual income will …

This budget is remarkable for its fiscal restraint—apart from other aspects
Trending News
1 month, 3 weeks ago

This budget is remarkable for its fiscal restraint—apart from other aspects

Live Mint  

The Union budget for 2025-26 is being hailed as a “thanksgiving’’ for the middle-class, while its personal income tax relief is being called “historic’’ and has hogged most of the limelight. Importantly, in absolute terms, the fiscal deficit is likely to remain flat at ₹15.7 trillion in 2025-26, as compared to 2024-25, and lower than its level of ₹16.5 trillion …

The Rs 1L crore question. Will it be enough?
1 month, 3 weeks ago

The Rs 1L crore question. Will it be enough?

Times of India  

Tax giveaway may boost consumer spend. Context | FMs don’t fix what’s not broken, so if Sitharaman is willing to give up Rs 1L cr in income tax next fiscal — 10% of the target in FY25 — she must have a reason. Strategy | Govt’s first impulse after Covid was to spend its way out of the slump, hoping …

Budget 2025 is a pragmatic balance of consumption and fiscal discipline: Radhika Gupta
Trending News
1 month, 3 weeks ago

Budget 2025 is a pragmatic balance of consumption and fiscal discipline: Radhika Gupta

Live Mint  

Budget 2025 has moved in a path that at once caters to the immediate requirements of the economy, while continuing on the path to investing for future growth, even while ensuring a tight leash on the fiscal deficit. Tax slab rationalisation to boost consumption, ease of taxation via higher thresholds for tax deductions, tax clarity on ULIP investments, and tax-free …

Budget 2025: Capex misses the mark, tax relief comes as an offset
1 month, 3 weeks ago

Budget 2025: Capex misses the mark, tax relief comes as an offset

Live Mint  

The Centre has been the bulwark of investments over the past five fiscals, building out infrastructure to stoke and sustain long-term economic growth. Two, direct interventions such as the production linked incentive schemes and the National Semiconductor Mission have generated strong investment interest, fostering domestic production, attracting foreign investment, and promoting a more competitive manufacturing landscape. As India undergoes a …

Will they spend? A ₹1L cr question
1 month, 3 weeks ago

Will they spend? A ₹1L cr question

Times of India  

FM gives taxpayers relief at last, but brisk growth is unlikely without long-overdue structural reforms Budget becomes a talking point when people see what’s in it for them. Context | FMs don’t fix what’s not broken, so if Sitharaman is willing to give up ₹1L cr in income tax next fiscal – 10% of the target in FY25 – she …

Union Budget 2025: Tax bonanza for middle class
Trending News
1 month, 3 weeks ago

Union Budget 2025: Tax bonanza for middle class

The Hindu  

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 with her Union Budget for 2025-26 — jumpstart slowing economic activity with a significant ₹1 lakh …

Railways allocation remains unchanged at ₹2.65 lakh crore, budget for customer amenities, investment in PSUs slashed
Trending News
1 month, 3 weeks ago

Railways allocation remains unchanged at ₹2.65 lakh crore, budget for customer amenities, investment in PSUs slashed

The Hindu  

The Budget allocation for Indian Railways for FY 2025-26 stands at ₹2.65 lakh crore, the same as last year’s allocation. At a press briefing following the Union Budget 2025-26 presentation on Saturday, Union Railways Minister Ashwini Vaishnaw said, “The Railway Capex stands at ₹2.52 lakh crore from the total ₹2.65 lakh crore allocation that include Public Private Partnership investments.” Sources …

Budget 2025 | No tax for incomes up to ₹12 lakh
Top News
1 month, 3 weeks ago

Budget 2025 | No tax for incomes up to ₹12 lakh

The Hindu  

With an objective to boost household consumption and aggregate demand, Finance Minister Nirmala Sitharaman announced on Saturday that incomes up to ₹12 lakh would draw no income tax. To boost consumption, savings and investment Explaining the rationale for the revision in taxation limit, the Minister said the new structure would substantially reduce taxes for the middle class and provide more …

Govt Targets Lower Fiscal Deficit At 4.4 Per Cent In FY26, Revises Estimate For FY25 In Budget
Trending News
1 month, 3 weeks ago

Govt Targets Lower Fiscal Deficit At 4.4 Per Cent In FY26, Revises Estimate For FY25 In Budget

ABP News  

Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in the Parliament on Saturday. “The Revised Estimate of the total receipts other than borrowings is Rs 31.47 lakh crore, of which the net tax receipts are Rs 25.57 lakh crore. The Revised Estimate of the total expenditure is Rs 47.16 lakh crore, of which the capital expenditure is about Rs …

Tax Cuts In Budget 2025 Will Help You Save More, But Don’t Forget To Secure The Money
1 month, 3 weeks ago

Tax Cuts In Budget 2025 Will Help You Save More, But Don’t Forget To Secure The Money

ABP News  

Today was a day of celebration for the middle class as Finance Minister Nirmala Sitharaman presented a landmark Union Budget. Based on this data, roughly 85 per cent of taxpayers will pay no tax from next year if they opt for the new tax regime. After the announcement, the new tax rates stand as follows: New Tax slabs Tax Rate …

Budget sticks to glide path with 4.4 pc fiscal deficit
1 month, 3 weeks ago

Budget sticks to glide path with 4.4 pc fiscal deficit

Deccan Chronicle  

Chennai: The government has managed to remain committed to its glide path towards fiscal consolidation by projecting 4.4 per cent fiscal deficit for FY26. Gross tax revenue is estimated at Rs 42.70 lakh crore, 10.8 per cent higher than RE FY25. Of this, direct taxes are Rs 25.20 lakh crore and indirect taxes Rs 17.40 lakh crore The Budget has …

New income tax slabs and more: The big Budget 2025 announcements, in graphics
Trending News
1 month, 3 weeks ago

New income tax slabs and more: The big Budget 2025 announcements, in graphics

Firstpost  

Finance Minister Nirmala Sitharaman tabled the Union Budget for the financial year 2025-2026 in Parliament on Saturday. From a change in income tax slabs to a boost to IIT infrastructure, here are the major announcements of the Budget Finance Minister Nirmala Sitharaman tabled the Union Budget for the financial year 2025-2026 in Parliament on Saturday. Here’s a quick look at …

Despite hike in exemption limit, income tax receipts to go up by 13 p
1 month, 3 weeks ago

Despite hike in exemption limit, income tax receipts to go up by 13 p

Deccan Chronicle  

Chennai: Despite the Centre's move to increase tax exemption limit to Rs12 lakh annual income and making 30 per cent tax slab payable for those with Rs 24 lakh income, the personal income tax receipts of the government are estimated to go up by 13.4 per cent. Both personal income tax and direct taxes will see their share in revenue …

What do ministers' salaries, travel and allowances cost taxpayers? Budget 2025 says...
1 month, 3 weeks ago

What do ministers' salaries, travel and allowances cost taxpayers? Budget 2025 says...

Firstpost  

The Union Budget 2025 offers insight into how taxpayers fund the salaries and travels of ministers Nirmala Sitharaman of the Bharatiya Janata Party and India's Prime Minister Narendra Modi gesture at each other, during the swearing-in ceremony at the presidential palace in New Delhi, India, June 9, 2024. The Union Budget 2025-26 has allocated Rs 1,024.30 crore for expenses incurred …

Missed FM Nirmala Sitharaman’s Budget 2025 speech? These are the 10 things you need to know
1 month, 3 weeks ago

Missed FM Nirmala Sitharaman’s Budget 2025 speech? These are the 10 things you need to know

Live Mint  

Budget 2025: From income tax rebates to relief for cancer patients, Finance Minister Nirmala Sitharaman announced key reforms during her budget speech in Parliament today. No income tax up to ₹ 12 lakh One of the biggest announcements by Finance Minister Nirmala Sitharaman was about zero tax levied on annual income up to ₹12 lakh. TDS and TCS revised FM …

Budget aims to deepen electronic goods value chain; capex target disappoints industry
1 month, 3 weeks ago

Budget aims to deepen electronic goods value chain; capex target disappoints industry

Live Mint  

Budget 2025-26 has placed emphasis on the backward integration of India’s electronic goods value chain and other capital-goods industries with a reduction in basic customs duty on components. To boost the mobile phones and electric vehicles value chains, the duties on parts used in printed circuit boards, camera modules and various other components of mobile phones have been removed. “To …

Budget 2025: FM Sitharaman explains how taxpayers will save up to ₹2.6 lakh under new tax rates
Top News
1 month, 3 weeks ago

Budget 2025: FM Sitharaman explains how taxpayers will save up to ₹2.6 lakh under new tax rates

Live Mint  

Budget 2025: Union Finance Minister Nirmala Sitharaman on Saturday announced new tax slab rates under the new tax regime during her Budget 2025 speech, which will benefit taxpayers across the board. During a press briefing after the Budget 2025 speech, Sitharaman said that not only those earning ₹12 lakh will not have to pay any tax, but there will be …

Budget 2025-26: Key takeaways in charts
1 month, 3 weeks ago

Budget 2025-26: Key takeaways in charts

The Hindu  

Sitharaman tabled the Union Budget for 2025-26 in Parliament on Saturday, laying out the government’s planned income and expenditure over the next fiscal year in addition to expectations for the fiscal deficit. Income tax In her budget statement, Nirmala Sitharaman declared that under the new tax regime, those earning up to ₹12 lakh would not be obliged to pay taxes. …

Budget 2025: Who benefits and who doesn’t
1 month, 3 weeks ago

Budget 2025: Who benefits and who doesn’t

Live Mint  

Mint brings you a special edition of Budget 2025, containing key takeaways, how it impacts various sectors, who benefits and who doesn’t, what’s costlier and what’s cheaper, and the big Budget numbers you should know. What the Budget Contains Tax Relief for Middle Class The finance minister exempted income up to ₹12 lakh a year from income tax, and lowered …

Budget 2025 puts Rs 1 trillion in India's pocket. Will it spend for its economy?
1 month, 3 weeks ago

Budget 2025 puts Rs 1 trillion in India's pocket. Will it spend for its economy?

Firstpost  

Consumer spending is set to increase due to a mix of personal income tax changes, reductions in indirect taxes, and a strong emphasis on public investment in the budget. The immediate impact of these income tax changes will result in an additional Rs 1 lakh crore in the hands of taxpayers Finance Minister Nirmala Sitharaman, carrying a red pouch containing …

Indian Railways' capital expenditure unchanged at ₹2.52 lakh crore
1 month, 3 weeks ago

Indian Railways' capital expenditure unchanged at ₹2.52 lakh crore

Hindustan Times  

The Indian Railways’ capital expenditure for 2025-26 has been kept unchanged at ₹2.52 lakh crore for the second year in a row, with a focus on safety and electrification. Union finance minister Nirmala Sitharaman on Saturday, February 1 presented the first full budget of Modi 3.0, marking her eighth budget, a record in itself. Budget papers show that the government …

Discover Related