Budget 2025: Govt on course for lower fiscal deficit in FY25 and FY26, says finance minister Nirmala Sitharaman
1 month, 3 weeks ago

Budget 2025: Govt on course for lower fiscal deficit in FY25 and FY26, says finance minister Nirmala Sitharaman

Live Mint  

New Delhi/Mumbai: The government’s proposal to achieve a fiscal deficit target of 4.4% of India’s gross domestic product for 2025-26 and the marginally lower net borrowing than the previous fiscal should keep the bond markets at ease. “The government remains committed to fiscal consolidation with the intention to bring down the central government debt-to-GDP ratio from the current 57% to around 50% by FY2031.” According to the finance minister’s budget speech, the revised estimates for central government receipts for 2024-25 are expected at ₹31.47 trillion, which includes net tax receipts of ₹25.57 trillion. No other major economy has been able to reduce fiscal deficit at this pace post covid, bolstering India’s place as an upcoming economic power," said Debopam Chaudhuri, chief economist of Piramal Enterprises. "India has made significant progress on the fiscal consolidation roadmap outlined in FY22, with the fiscal deficit projected to be 4.4% of GDP in FY26,” said Rumki Majumdar, economist, Deloitte India.

India Market Bond Sitharaman Trillion Gdp Net Deficit Fiscal Borrowing Chief Economist Fiscal Deficit Fy26 Fiscal Consolidation  net  bond  borrowing  minister  fy26  govt  finance  trillion  expenditure  nirmala  fy25  expected  deficit  fiscal  lower  gdp  sitharaman  market

History of this topic

Delhi’s fiscal deficit increases by nearly 900%; not a major worry, says expert
2 days, 13 hours ago

Delhi’s fiscal deficit increases by nearly 900%; not a major worry, says expert

The Hindu  

Even as the total outlay of the annual budget increased by 43.8% to ₹1 lakh crore in the Bharatiya Janata Party’s first budget after coming to power, the fiscal deficit of the Delhi government is expected to rise by 899.67% compared to last year, as per budget documents. As per the budget documents, Delhi’s fiscal deficit 2025-26 is expected to …

Tax proposals for 2025-26 ‘minimal,’ reiterates Finance Minister K.N. Balagopal
1 week, 1 day ago

Tax proposals for 2025-26 ‘minimal,’ reiterates Finance Minister K.N. Balagopal

The Hindu  

Balagopal, while moving a motion for referring the Kerala Finance Bill, 2025 to a Subject Committee, in the State Legislative Assembly on Wednesday, reiterated that the new tax proposals for the 2025-26 fiscal were “minimal”. On the Opposition UDF charge that the court fee hikes proposed in the Budget were too steep, Mr. Balagopal said the revenue expected from this …

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 …

TN Budget 2025: Fiscal deficit to be 3 per cent of GSDP, says Finance Minister Thangam Thennarasu
1 week, 6 days ago

TN Budget 2025: Fiscal deficit to be 3 per cent of GSDP, says Finance Minister Thangam Thennarasu

New Indian Express  

CHENNAI: Finance Minister Thangam Thennarasu said the fiscal deficit of the state government is estimated to decrease to 3% of the GSDP during 2025-26. This is despite the state falling short of its last year’s target of total revenue receipts, which was revised downwards from Rs 2.99 lakh crore to Rs 2.93 lakh crore in the Revised Estimate 2024-25. The …

TN Budget 2025: State debt to rise to ₹9.29 lakh crore by March 2026
2 weeks ago

TN Budget 2025: State debt to rise to ₹9.29 lakh crore by March 2026

New Indian Express  

CHENNAI: The debt burden of the Tamil Nadu government will burgeon to ₹9,29,959.30 crore by March 31, 2026, according to the budget documents for the year 2025-26. In view of the revenue augmentation measures, including improvement in tax administration and collection efficiency, the revenue deficit is expected to reduce to ₹31,282.23 crore in 2026-27 and subsequently reduce further to ₹18,026.48 …

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 …

Govt seeks House nod for extra spending of ₹51,400 crore in FY25, mainly for subsidies
2 weeks, 3 days ago

Govt seeks House nod for extra spending of ₹51,400 crore in FY25, mainly for subsidies

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman on Monday sought Parliament’s approval for a net additional spending of ₹51,463 crore in FY25 to meet funding requirements of mainly fertilizer, food and cooking gas subsidy and defence pension. The government also sought House approval for an extra ₹6.27 trillion spending, mainly for repayment of debt, which does not involve additional cash outgo …

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 …

Karnataka budget 2025 presented by CM Siddaramaiah: Outlay crosses ₹4 lakh crore for the first time
Top News
3 weeks ago

Karnataka budget 2025 presented by CM Siddaramaiah: Outlay crosses ₹4 lakh crore for the first time

The Hindu  

Karnataka’s budget outlay has for the first time crossed ₹4 lakh crore. In his 16th budget Chief Minister Siddaramaiah presented on Friday for the fiscal year 2025-26, the total budget outlay has been estimated to be ₹4,09,549 crore. Follow for live updates on Karnataka Budget 2025-26 The budget outlay includes revenue expenditure of ₹3,11,739 crore, capital expenditure of ₹71,336 crore …

GDP revision gives govt extra fiscal headroom for FY25 accounts; second supplementary demands next week
3 weeks, 1 day ago

GDP revision gives govt extra fiscal headroom for FY25 accounts; second supplementary demands next week

Live Mint  

New Delhi: The union government, which is preparing to seek Parliament’s approval for additional funding for the current financial year, now has extra fiscal headroom on account of the improvement in the economic growth rate to 9.9% in nominal terms, as forecast last Friday by the statistics ministry. The slight upward revision in the economic growth rate projection – from …

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

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 …

Economy on speedy rebound, India to remain fastest growing nation: Sitharaman
1 month, 2 weeks ago

Economy on speedy rebound, India to remain fastest growing nation: Sitharaman

The Hindu  

India’s economy is in the midst of “a speedy rebound” after a brief moderation in the second quarter of this year, Finance Minister Nirmala Sitharaman said on Tuesday, asserting that the Union Budget 2025-26 has sought to address the immediate challenges facing the national economy amid “immense” global uncertainties. ‘Strong economic foundations’ Stressing that India’s economy grew by an average …

‘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 …

Fiscal and monetary measures to boost consumption, private investment says FM
1 month, 2 weeks ago

Fiscal and monetary measures to boost consumption, private investment says FM

The Hindu  

Finance Minister Nirmala Sitharaman on Saturday said, “Fiscal and monetary measures announced recently will help boost consumption and promote private investment.” The Budget presented by the Finance Minister on February 1 proposed a slew of measures including significant income tax cuts for the middle class. On the monetary side, the Reserve Bank of India on Friday slashed the policy rate …

A Budget that is mostly good but with one wrong move
1 month, 3 weeks ago

A Budget that is mostly good but with one wrong move

The Hindu  

The Union Budget has got many things right. Gross tax revenues Growth in the Government of India’s gross tax revenues have trended downwards in recent years. Level of government expenditure Tax and non-tax revenues, non-debt capital receipts and fiscal deficit together determine the size of government expenditure. In fact, this was so even in 2024-25, when the government’s total expenditure …

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 …

Fitch says Budget is neutral for growth
1 month, 3 weeks ago

Fitch says Budget is neutral for growth

The Hindu  

India’s 2025-26 Budget will be “broadly neutral” for growth prospects, and while its projections “appear realistic”, revenues could see some modest slippages amid the moderation in growth, warranting further restraint on expenditure, Fitch Ratings said on Monday. “Still, the pace of debt reduction is gradual, which leaves open downside risks from a large economic shock,” cautioned Jeremy Zook, director and …

A tightrope act: The budget does a good job of balancing divergent demands
1 month, 3 weeks ago

A tightrope act: The budget does a good job of balancing divergent demands

Live Mint  

India’s budget for 2025-26 demonstrates a careful balance between an unwavering focus on macroeconomic stability by continuing on a path of fiscal prudence and addressing growth concerns. Notably, fiscal consolidation remains the budget’s primary focus, with its fiscal-deficit target set at 4.4% of GDP, a further reduction of 0.4 percentage points. This cut, which accounts for almost the entire fiscal …

When consumption push and fiscal consolidation go hand in hand
Trending News
1 month, 3 weeks ago

When consumption push and fiscal consolidation go hand in hand

Live Mint  

The budget this year came in the background of an economic slowdown led by weak urban consumption and lower government capex. The budget has delivered on this by incentivizing urban consumption through tax cuts while continuing on the path of fiscal consolidation. More importantly, by shifting the anchor of fiscal consolidation from fiscal deficit to debt to GDP, the FM …

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 …

What does Budget 2025 mean to your money
1 month, 3 weeks ago

What does Budget 2025 mean to your money

New Indian Express  

The Union Budget 2025 presents an excellent opportunity for you. She demonstrated an action plan to plug economic gaps and take relevant measures to stimulate growth. While equity markets reacted benignly to the finance minister’s speech, bond markets were shut on Saturday. Both markets want the government to be fiscally prudent and manage the government borrowing programme efficiently so that …

Fitch rules out rating upgrade, but says fiscal targets realistic
1 month, 3 weeks ago

Fitch rules out rating upgrade, but says fiscal targets realistic

New Indian Express  

Mumbai: International rating agency Fitch has said the fiscal numbers – 4.8% fiscal deficit for this fiscal and 4.4% for the next-- proposed in the Budget 2025 looks realistic and achievable. On the rating impact of the Budget, he said; “Sustained deficit reduction, meeting of fiscal targets and continued adherence to transparency further bolsters India’s improving fiscal credibility, as we …

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. …

Budget 2025 - A fine blend of tax reforms and growth
1 month, 3 weeks ago

Budget 2025 - A fine blend of tax reforms and growth

Live Mint  

Finance minister Nirmala Sitharaman has delivered a realistic and positive punch to keep the economy progressing, especially with a strong push to boost urban consumption, at a very crucial time of challenges globally and domestically. The fiscal deficit target was brought down by 40 basis points to 4.4% of gross domestic product when geopolitical headwinds, global uncertainties, depreciating rupee, slowdown …

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 …

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 …

Union Budget 2025: Govt dials up consumption and walks the fiscal talk
1 month, 3 weeks ago

Union Budget 2025: Govt dials up consumption and walks the fiscal talk

Live Mint  

FY26 budget has brought a big cheer for the middle class with the effective tax burden being reduced to zero for income up to ₹12 lakh per annum. The rise in durables consumption aided by such tariff interventions would help various manufacturing companies in India, along with the multiplier effect of generating better quality employment. Rate cuts would further help …

2025 Budget: Will it trigger the right animal spirits?
1 month, 3 weeks ago

2025 Budget: Will it trigger the right animal spirits?

New Indian Express  

With yesterday's announcements in the Union Budget for the financial year 2025-26, fiscal policy has scored higher in the resolve to resurrect India's sagging growth, while monetary policy still languishes with its band-aid solutions to plug short-term liquidity deficits. Combined expansionary fiscal and monetary policies have a good chance to free India from its present growth malaise and gradually reach …

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 …

Union Budget 2025: A responsive Budget that banks on India
Trending News
1 month, 3 weeks ago

Union Budget 2025: A responsive Budget that banks on India

The Hindu  

The Union Finance Minister has delivered a growth-oriented budget that reaffirms the government’s commitment to attain the larger purpose of ‘Viksit Bharat’, with progressive policies to step up domestic consumption while driving long-term transformation. Union Budget 2025 industry reactions highlights The single most important highlight of this Budget is the increase in income tax exemption to ₹12 lakh, which will …

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 …

Budget 2025: Centre seeks over ₹78,000 crore on securities trading levies next fiscal
1 month, 3 weeks ago

Budget 2025: Centre seeks over ₹78,000 crore on securities trading levies next fiscal

Hindustan Times  

The Centre is expecting to collect more taxes from levies imposed on securities trading, after Union finance minister Nirmala Sitharaman's Budget 2025 estimated over 40% jump in such collection to cross $9 billion next year, Bloomberg reported. Centre cuts borrowing target to ₹ 11.54 lakh crore During her budget speech, finance minister Sitharaman announced that the government has reduced its …

What foreign brokerages Nomura and UBS have to say on Union Budget 2025
1 month, 3 weeks ago

What foreign brokerages Nomura and UBS have to say on Union Budget 2025

Live Mint  

The Indian stock market experienced heightened volatility on February 1, 2025, following the announcement of the FY26 Union Budget by Finance Minister Nirmala Sitharaman. While the budget introduced substantial changes in income tax slabs, which aimed to boost middle-class consumption, market sentiment remained mixed due to concerns about the government’s reduced focus on capital expenditure. Foreign Brokerages on Budget 2025: …

The budget’s horizon is closer: Just as our growth challenge needs it to be
1 month, 3 weeks ago

The budget’s horizon is closer: Just as our growth challenge needs it to be

Live Mint  

Ever since India’s government set the goal of a Viksit Bharat by 2047, Union budgets have been bifocal. This is a sign of the Centre’s confidence not just in this agenda, with its mix of short- and long-horizon gains, but also in its capacity to make full use of it amid scepticism evoked by missed targets; its revised capex for …

In economy's shifting sands, a budget to boost demand
1 month, 3 weeks ago

In economy's shifting sands, a budget to boost demand

Live Mint  

The Union budget presented by finance minister Nirmala Sitharaman on Saturday can be framed against two major shifts in the Indian economy. The latest budget numbers show that income tax is expected to account for ₹22 out of every ₹100 of receipts that will flow into the government treasury. The second major shift: In February 2021, the finance minister had …

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 …

Centre balances fiscal discipline with robust capital spending, support to states
1 month, 3 weeks ago

Centre balances fiscal discipline with robust capital spending, support to states

Live Mint  

New Delhi: The Union budget for FY26 presented by finance minister Nirmala Sitharaman on Saturday sought to signal prime minister Narendra Modi administration’s commitment to fiscal consolidation, infrastructure creation and support to states for building roads, highways and utilities. A robust 20% growth in personal income tax achieved in FY25 helped Sitharaman to offer income tax relief to individuals under …

Govt cuts borrowing target to ₹11.54 lakh cr for FY26
1 month, 3 weeks ago

Govt cuts borrowing target to ₹11.54 lakh cr for FY26

The Hindu  

The government has reduced its borrowings estimate for next financial year to ₹11.54 lakh crore on net basis as it expects an improvement in tax collection. However, gross market borrowings have now been revised upward to ₹14.82 lakh crore from ₹14.01 lakh crore estimated for the current financial year. The net tax receipts are estimated at ₹28.37 lakh crore," Finance …

Budget 2025: Modi govt's big income tax relief to middle class| Key takeaways
1 month, 3 weeks ago

Budget 2025: Modi govt's big income tax relief to middle class| Key takeaways

Hindustan Times  

Prime Minister Narendra Modi’s government presented an annual budget to Parliament on Saturday that focused on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and manufacturing. In her budget speech, Finance Minister Nirmala Sitharaman said the government is focused on boosting private investment to strengthen growth, increasing funding in the agriculture sector and …

Market and Budget 2025: Where should investors focus post Budget? 5 experts answer
1 month, 3 weeks ago

Market and Budget 2025: Where should investors focus post Budget? 5 experts answer

Live Mint  

Budget 2025: The Indian stock market experienced high volatility on Saturday, February 1, following the FY26 Union Budget announcement by Finance Minister Nirmala Sitharaman. While the budget introduced major changes in income tax slabs, shifting more money into the hands of middle-class consumers, market sentiment remained mixed due to concerns over government capital expenditure allocation. However, market experts pointed out …

Budget 2025: Middle Class Wins Big in 2025 Budget with Tax Cuts | ABP NEWS
1 month, 3 weeks ago

Budget 2025: Middle Class Wins Big in 2025 Budget with Tax Cuts | ABP NEWS

ABP News  

The 2025 budget has brought significant relief for the middle class, exceeding expectations. Finance Minister Nirmala Sitharaman announced substantial tax benefits, making the new tax regime more favorable compared to the old one. Unlike the old tax regime, which required various investment avenues for tax exemptions, the new regime directly puts money in the pocket of taxpayers without requiring additional …

Budget 2025 math: How the government plans to cut fiscal deficit this year
1 month, 3 weeks ago

Budget 2025 math: How the government plans to cut fiscal deficit this year

Live Mint  

NEW DELHI : Union finance minister Nirmala Sitharaman pegged the fiscal deficit target for 2025-26 at 4.4% of gross domestic product, down from 2024-25's 4.8%. This marks the conclusion of a crucial post-pandemic fiscal consolidation period that began with the Union Budget 2021-22. when the Centre committed to reducing the fiscal deficit to below 4.5% of GDP by FY26. The …

Budget 2025: Read Finance Minister Nirmala Sitharaman’s budget speech. Full text here. Download PDF
1 month, 3 weeks ago

Budget 2025: Read Finance Minister Nirmala Sitharaman’s budget speech. Full text here. Download PDF

Live Mint  

Budget 2025: Finance Minister Nirmala Sitharaman presented the Union Budget today. To improve access to credit, the credit guarantee cover will be enhanced: a) For Micro and Small Enterprises, from ` 5 crore to 10 crore, leading to additional credit of ` 1.5 lakh crore in the next 5 years; b) For Startups, from ` 10 crore to 20 crore, …

Happy With Income Tax Announcements In Budget 2025? Here's How Much It Will Cost Centre
1 month, 3 weeks ago

Happy With Income Tax Announcements In Budget 2025? Here's How Much It Will Cost Centre

ABP News  

Finance Minister Nirmala Sitharaman has unveiled significant tax relief for the salaried class under the new income tax regime. Announcing a major change, she stated that individuals with an income of up to Rs 12 lakh will be exempt from paying any income tax, excluding special rate incomes like capital gains. Slab Rate Changes Bring Relief In addition to the …

Budget 2025: Cabinet Meeting Set Before 2025 Budget, Key Ministers, Key Ministers Arrived | ABP NEWS
1 month, 3 weeks ago

Budget 2025: Cabinet Meeting Set Before 2025 Budget, Key Ministers, Key Ministers Arrived | ABP NEWS

ABP News  

The Indian Union Budget for 2025 is eagerly anticipated, with expectations focused on providing relief for the middle class, women, and the economically disadvantaged. Finance Minister Nirmala Sitharaman arrived at Parliament with sealed copies of the budget after presenting them to the President, as per customary practice. The Finance Minister's focus on the middle class and economically weaker sections is …

Budget 2025 Key Highlights: From new income tax bill to infra initiatives, here are the key takeaways
1 month, 3 weeks ago

Budget 2025 Key Highlights: From new income tax bill to infra initiatives, here are the key takeaways

Live Mint  

Budget 2025 Key Highlights: The Union Budget for the financial year 2025-26 was tabled in the Parliament by Finance Minister Nirmala Sitharaman earlier today. Let's take a look at the key highlights of the 2025 Budget: Capex FY25 revised capex at ₹10.18 lakh crore Income Tax New Income Tax Bill will be announced next week. Finance Minister Nirmala Sitharaman highlighted …

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