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 announced a plan to gradually bring down the fiscal deficit of the Union government over five years, so that public finances could be repaired without harming economic recovery through a dramatic fiscal contraction. Given the coming switch to using the ratio of public debt to GDP as the new nominal anchor of Indian fiscal policy, the declining trend in the primary deficit is especially important. More importantly, in terms of the overall budget, the outlay on major schemes such as the Mahatma Gandhi National Rural Employment Guarantee Scheme, the Pradhan Mantri Garib Kalyan Anna Yojana and the Pradhan Mantri Kisan Samman Nidhi—that provide rural jobs, free food and income support — have been more or less been held constant.

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History of this topic

A Federal Dilemma: How The New Income Tax Bill 2025 Threatens State Revenues And Fiscal Autonomy
1 week, 2 days ago

A Federal Dilemma: How The New Income Tax Bill 2025 Threatens State Revenues And Fiscal Autonomy

Live Law  

The New Income Tax Bill 2025 is regarded as a significant reform intended to streamline tax systems and enhance compliance. This article critically examines how the New Income Tax Bill 2025 jeopardizes fiscal federalism, the growing dependence on non-divisible surcharges and levies, and the potential risks states may soon face with diminishing financial strength and reduced fiscal autonomy. Although the …

Govt seeks House nod for extra spending of ₹51,400 crore in FY25, mainly for subsidies
2 weeks, 1 day 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 …

India’s April-Jan fiscal deficit hits ₹11.7 lakh crore, widens to 74.5% of revised FY25 target
Top News
3 weeks, 4 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 …

Bihar’s economy increases to ₹8.54 lakh crore in 2023-24: Dy. CM Samrat Choudhary
3 weeks, 4 days ago

Bihar’s economy increases to ₹8.54 lakh crore in 2023-24: Dy. CM Samrat Choudhary

The Hindu  

Bihar Deputy Chief Minister Samrat Choudhary who also holds the Finance portfolio on Friday presented the 2024-25 State Economic Survey Report in the Assembly on the opening day of the month-long Budget session and said size of the State’s economy at current prices has increased 3.5 times from ₹2.47 lakh crore in 2011-12 to ₹8.54 lakh crore in 2023-24. The …

New Income Tax bill 2025 tabled in Parliament: Top 10 highlights every taxpayer MUST know
1 month, 1 week ago

New Income Tax bill 2025 tabled in Parliament: Top 10 highlights every taxpayer MUST know

Live Mint  

Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025 in the Lok Sabha on Thursday, 13 February. New Income Tax Bill 2025 tabled in Parliament. “Based on my cursory reading of the new income tax bill, I feel it is merely a good job of editing the existing Income Tax Act. 8) Taxes for cryptocurrency In Clauses 67 to …

Parliament Budget Session Day 9 LIVE: Finance Minister Nirmala Sitharaman replies to Budget discussion in Rajya Sabha
1 month, 1 week ago

Parliament Budget Session Day 9 LIVE: Finance Minister Nirmala Sitharaman replies to Budget discussion in Rajya Sabha

The Hindu  

February 13, 2025 16:35 Recurring themes of transparency, co-operative federalism since 2020-21: Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman mentions features of budget-making in the past 4-5 years which “speak for themselves.” She notes that during the pandemic years, the government’s attempt resulted in India becoming “fragile five,” while after Covid, with targeted support to those who needed help, …

Budget Session: FM Nirmala Sitharaman to table New Income Tax bill in Lok Sabha today. ‘Complicated’ says, Congress MP
1 month, 1 week ago

Budget Session: FM Nirmala Sitharaman to table New Income Tax bill in Lok Sabha today. ‘Complicated’ says, Congress MP

Live Mint  

Finance Minister Nirmala Sitharaman will table the Income Tax Bill 2025 in the Lok Sabha today, February 13. According to the agenda circulated by the Lok Sabha secretariat, Union Finance Minister Nirmala Sitharaman will introduce the Income Tax Bill 2025. Complicated bill says, Congress MP Congress leader Manish Tewari had called the Bill ‘complicated.’ “The Union Finance Minister had said …

Shashi Tharoor’s hilarious Coldplay jibe at Sitharaman’s income tax cuts: ‘Coldplay says fix you, FM says tax you’
1 month, 1 week ago

Shashi Tharoor’s hilarious Coldplay jibe at Sitharaman’s income tax cuts: ‘Coldplay says fix you, FM says tax you’

Live Mint  

Congress leader Shashi Tharoor took a witty dig at Finance Minister Nirmala Sitharaman’s Union Budget 2025, using a Coldplay-inspired metaphor. Known for his sharp humour, Tharoor critiqued the budget in an Instagram reel, saying, “Coldplay says ‘Fix You,’ but the Finance Minister says ‘Tax You.’” Tharoor quipped, “Even Chris Martin wouldn’t be able to find paradise in these numbers. But …

Only empty promises, no specific roadmap, says Opposition on Union Budget
1 month, 2 weeks ago

Only empty promises, no specific roadmap, says Opposition on Union Budget

The Hindu  

Continuing the debate on the Union Budget in Parliament, MPs from the Opposition said the government had failed to resurrect India’s manufacturing sector, had given inadequate allocation for health and education, and lacked a roadmap to deal with the challenge of artificial intelligence. All that the Finance Minister said was that we are going to set up 100 centres of …

Oppn slams govt over ‘cruel cuts’ in Budget
1 month, 2 weeks ago

Oppn slams govt over ‘cruel cuts’ in Budget

Hindustan Times  

New Delhi: Senior Congress leader and former finance minister P Chidambaram on Monday slammed the government’s handling of the economy, tore into the 2025-26 Union Budget for “cruel cuts”, and asked why the government has not conferred the Bharat Ratna — the country’s highest civilian honour — upon former prime minister Manmohan Singh for his contribution to the country. Former …

BJP wins Delhi polls, Tax bonanza for middle class in Union Budget, RBI cuts repo rate, and more: The week in 5 charts
1 month, 2 weeks ago

BJP wins Delhi polls, Tax bonanza for middle class in Union Budget, RBI cuts repo rate, and more: The week in 5 charts

The Hindu  

BJP returns to power in Delhi after 26 years The BJP on Saturday returned to power in Delhi after more than 26 years to sweep away the Arvind Kejriwal-led Aam Aadmi Party with a two-thirds majority on the back of a hyper localised campaign. Union Budget: No income tax up to ₹12 lakh, tax slabs revised Finance Minister Nirmala Sitharaman …

The government is banking on tax cuts to boost consumption. What if it doesn’t pan out?
1 month, 2 weeks ago

The government is banking on tax cuts to boost consumption. What if it doesn’t pan out?

Live Mint  

New Delhi: When finance minister Nirmala Sitharaman announced tax cuts and sops for taxpayers in her latest budget, she said: “Slabs and rates are being changed across the board to benefit all tax-payers. Assuming that this share of top income earners in the GDP remains relatively stable for financial years 2023-24 and 2024-25, and using the GDP projections in the …

Boost in consumption is necessary, but 'Sabka Vikas' should not be lost
1 month, 2 weeks ago

Boost in consumption is necessary, but 'Sabka Vikas' should not be lost

Firstpost  

While India seeks to counter global headwinds and uncertainties that can mar its economic growth, it should ensure the boost in demands must not result in high inflation or the burden be placed on indirect taxes, as high income divide is an undeniable reality of the Indian economy If we can achieve GDP growth of 6.7 per cent for FY26 …

RBI, FinMin to work together; Tax relief, interest rate cut to boost demand: FM Sitharaman ahead of new I-T bill
1 month, 2 weeks ago

RBI, FinMin to work together; Tax relief, interest rate cut to boost demand: FM Sitharaman ahead of new I-T bill

Live Mint  

Finance Minister Nirmala Sitharaman said on Saturday, February 8, 2025 that fiscal and monetary measures announced by the government and the central bank recently will help boost consumption and promote private investment. 'Tax relief, interest rate cut to boost consumption' As a result of tax relief proposals, the government will forego revenue of ₹1 lakh crore in direct taxes and …

Union Budget is positive on fiscal consolidation, developing women entrepreneurs and establishing AI research centres, says expert at meet
1 month, 2 weeks ago

Union Budget is positive on fiscal consolidation, developing women entrepreneurs and establishing AI research centres, says expert at meet

The Hindu  

Society for Integrated Development & Research, and Dr. Lankapalli Bullayya College, Visakhapatnam, organised a discussion meet on Union Budget 2025-26, on the College premises here on Saturday. Speakers focussed on aspects such as income tax implications, economic growth, education, foreign trade, federal finance, commerce, industry and infrastructure investment. He said that the budget is positive on fiscal consolidation, developing women …

Finance Minister Nirmala Sitharaman says income tax and RBI rate cut will boost economy: Report
1 month, 2 weeks ago

Finance Minister Nirmala Sitharaman says income tax and RBI rate cut will boost economy: Report

Hindustan Times  

The income tax relief which the Budget 2025 provided, coupled with the Reserve Bank of India's repo rate cut will boost recovery in consumption in the economy, a report by news agency ANI quoted Finance Minister Nirmala Sitharaman as saying. Union Finance Minister Nirmala Sitharaman during an interview with PTI, in New Delhi, Sunday, Feb. 2, 2025. Besides this, the …

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 …

New Income Tax Bill Greenlit By Union Cabinet To Streamline Taxation Framework: Report
Top News
1 month, 2 weeks ago

New Income Tax Bill Greenlit By Union Cabinet To Streamline Taxation Framework: Report

ABP News  

New Income Tax Bill: The Union Cabinet has reportedly given its nod to a new Income Tax Bill aimed at simplifying India’s tax framework and modernising compliance procedures, as reported by PTI citing sources. Finance Minister Nirmala Sitharaman first announced the Narendra Modi Government's intent to overhaul the tax framework during her Budget 2024 presentation. Updated Tax Slabs & Rates …

Finance secretary calls for investment, and innovation to drive economic growth
1 month, 2 weeks ago

Finance secretary calls for investment, and innovation to drive economic growth

Live Mint  

New Delhi: While the government having returned money to citizens through tax cuts in the budget, it is now for industry and businesses to take investment risks and create institutions and jobs, finance secretary Tuhin Kanta Pandey said on Thursday. Economic impetus Last week, finance minister Nirmala Sitharaman in her budget speech highlighted several measures to give an impetus to …

Why the tax cuts are a one way gamble
1 month, 2 weeks ago

Why the tax cuts are a one way gamble

The Hindu  

It would not be an exaggeration to say that this is the biggest tax cut that the middle class has ever got in any Union Budget. Since the tax rebate has implications for both, and a lot of the plans of the 2025 Budget ride on it, this piece primarily focuses on this unprecedented fall in income tax rates. In …

NDA govt has left more money in the hands of middle class by lowering income tax: PM Modi
1 month, 3 weeks ago

NDA govt has left more money in the hands of middle class by lowering income tax: PM Modi

Live Mint  

New Delhi: Prime minister Narendra Modi on Tuesday said the income tax rationalization undertaken by the Centre in the last 10 years has left more money in the hands of the middle class. "In the last years, by lowering income tax we have increased the income of the middle class. Presenting the budget, finance minister Nirmala Sitharaman had said that …

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 …

When Will The New Income Tax Rates Come Into Effect?
1 month, 3 weeks ago

When Will The New Income Tax Rates Come Into Effect?

ABP News  

Finance Minister Nirmala Sitharaman announced a major income tax relief in her Budget 2025 speech on Saturday, stating that no tax will be payable on annual incomes up to Rs 12 lakh under the New Tax Regime. With the standard deduction of Rs 75,000, this effectively raises the tax-free income threshold to Rs 12.75 lakh for salaried individuals. Revised Tax …

All income groups got a little something from the Budget
Trending News
1 month, 3 weeks ago

All income groups got a little something from the Budget

Live Mint  

The Union Budget 2025 aimed to put more money in the hands of every income group—whether salaried professionals, gig workers, rental income earners, or senior citizens—by tweaking tax slabs, deductions, and exemptions. The Bill proposes that persons opting for the new personal tax regime in financial year 2025-26, and having income upto ₹12 lakh, will not be required to pay …

Vivek Kaul: Does the budget signal a change in the government’s growth strategy?
1 month, 3 weeks ago

Vivek Kaul: Does the budget signal a change in the government’s growth strategy?

Live Mint  

In the stock market circles of Central and South Mumbai, the phrase ‘kya lagta hai’? This could potentially reduce the annual bonuses for the KLH crowd, which may explain their recent outpourings on the government needing to lower tax rates to increase disposable income, stimulate spending and boost companies, the stock market and the economy. In 2025-26, the government expects …

Respecting service of taxpayers: Nirmala Sitharaman on Budget income tax breaks
Trending News
1 month, 3 weeks ago

Respecting service of taxpayers: Nirmala Sitharaman on Budget income tax breaks

India Today  

Finance Minister Nirmala Sitharman on Tuesday said that the tax relief given in Budget 2025 was Prime Minister Narendar Modi's effort to respect the service the taxpayers are doing for nation building. So this is a continuing part of Prime Minister Modi's effort to respect the service that taxpayers are doing in mission building," said Sitharman at the Budget Round …

Budget’s tax cuts aim to boost demand, support growth amid global uncertainty: CEA Nageswaran
1 month, 3 weeks ago

Budget’s tax cuts aim to boost demand, support growth amid global uncertainty: CEA Nageswaran

Live Mint  

The political and economic uncertainties shaping the world today have been a key driver for several budget proposals, including the widely debated tax cut and revisions to tax slabs, chief economic adviser V. Anantha Nageswaran said on Monday. Speaking at a post-budget interactive session organized by the Confederation of Indian Industry, Nageswaran said the income tax relief announced in the …

Karnataka: Tax cut for middle class a gimmick to divert India’s declining growth rate, says Rajeev Gowda
1 month, 3 weeks ago

Karnataka: Tax cut for middle class a gimmick to divert India’s declining growth rate, says Rajeev Gowda

The Hindu  

Former MP and chairman of All India Congress Committee’s research department, M.V. Rajeev Gowda, on Monday alleged that the announcement of tax cut for the middle class in the recent Union Budget was a gimmick to divert the country’s declining growth rate. Addressing presspersons here, Mr. Gowda said that despite raising the no-tax bracket to ₹12 lakh, the Budget failed …

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 …

Tax changes in budget will increase bank deposits by ₹40,000-45,000 crore: DFS secretary M Nagaraju
1 month, 3 weeks ago

Tax changes in budget will increase bank deposits by ₹40,000-45,000 crore: DFS secretary M Nagaraju

Live Mint  

The finance ministry expects ₹40,000-45,000 crore to flow into banks as deposits from the various tax changes announced in the Budget, including raising the tax-free income level to ₹12 lakh, financial services secretary M Nagaraju said during a media interaction on various Budget proposals on Monday. Union Budget 2025, which finance minister Nirmala Sitharaman presented on Saturday, proposed an increase …

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 gave non-inflationary stimulus to economy, will push growth: Finance Secy
1 month, 3 weeks ago

Budget gave non-inflationary stimulus to economy, will push growth: Finance Secy

Live Mint  

New Delhi, Feb 3 Finance Secretary Tuhin Kanta Pandey on Monday said the FY26 Budget has given sufficient non-inflationary stimulus to the economy which will promote incremental growth. He said the Budget has a balanced "growth and inflation mix", while keeping exchange rates, macroeconomic stability in mind and controlling the fiscal consolidation. It will push incremental growth, work on the …

The big post-budget interview: Nirmala Sitharaman says she wanted to ‘honour the taxpayer’
1 month, 3 weeks ago

The big post-budget interview: Nirmala Sitharaman says she wanted to ‘honour the taxpayer’

Live Mint  

You have presented some substantive issues in the budget, but the minute you say something like a personal income tax cut, that grabs all the headlines. We don’t know, but our intent and the primary motive was to make sure we honour the taxpayer.. What is the philosophy behind the new income tax bill? ‘We’ll be watchful, but we can’t …

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 …

Using a tax prod to goad the great Indian middle class
1 month, 3 weeks ago

Using a tax prod to goad the great Indian middle class

New Indian Express  

February 1 was a firecracker moment for the great Indian middle class. In her record 8th budget as finance minister, Nirmala Sitharaman announced a whole set of new income tax slabs, and a set of new tax rates that has India salivating. The government is proposing to sacrifice as much as Rs 1,00,000 crore in direct tax revenues, which would …

Will the Finance Minister's headline-grabbing tax cuts revive the growth genie?
1 month, 3 weeks ago

Will the Finance Minister's headline-grabbing tax cuts revive the growth genie?

New Indian Express  

Will the personal income tax cuts bring home the consumption bacon? Preliminary estimates indicate that the Rs 1 lakh crore worth tax revenue foregone due to personal income tax cuts will likely add Rs 14.8 lakh crore worth national output, or add roughly Rs 10 lakh crore to private consumption in FY26. According to KV Subramanian, Executive Director, IMF India, …

New income tax slabs: Check how much you'll save with these simple calculations
1 month, 3 weeks ago

New income tax slabs: Check how much you'll save with these simple calculations

India Today  

The Union Budget 2025 has introduced major changes to the new income tax regime, making it more attractive for salaried individuals. He also shared an example to show how the new tax regime changes will impact salaried taxpayers with incomes up to Rs 25 lakh: Kunal Savani, Partner, Cyril Amarchand Mangaldas, shared the new tax rates and slabs will benefit …

‘Taxpayers build nation they’ll drive demand,’ says FM Nirmala Sitharaman
1 month, 3 weeks ago

‘Taxpayers build nation they’ll drive demand,’ says FM Nirmala Sitharaman

Hindustan Times  

The Prime Minister Narendra Modi-led government has sought to respect the taxpayer instead of following a rent-seeking approach, finance minister Nirmala Sitharaman said on Sunday, emphasising that the huge tax relief announced in Saturday’s Union Budget was an acknowledgement of the contribution of citizens who pay their fair share towards nation-building, or, as she repeatedly stressed, a manifestation of “respect”. …

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. …

Beyond tax cuts, a closer read of the Union Budget
Trending News
1 month, 3 weeks ago

Beyond tax cuts, a closer read of the Union Budget

The Hindu  

The Union Finance Minister, Nirmala Sitharaman’s presentation of the Union Budget on Saturday, February 1, was against the backdrop of pressing macroeconomic challenges — persistently high taxes and unemployment squeezing the middle-income class, subdued private investment, mounting external vulnerabilities that threaten to derail the growth story, and a looming fiscal overhang. While the Finance Minister laid out an ambitious road …

FM Sitharaman says ministry bureaucrats needed to be convinced to cut income tax, not the PM
1 month, 3 weeks ago

FM Sitharaman says ministry bureaucrats needed to be convinced to cut income tax, not the PM

Op India  

The budget for 2025-26 has provided major relief for the middle class by reducing the income tax burden. Finance Minister Nirmala Sitharaman in her budget speech announced substantial changes to the tax structure and raised the minimum taxable income to ₹12 lakh. Amid this, Finance Minister Nirmala Sitharaman revealed that PM Modi had readily agreed to cut income tax, but …

Tax Reforms In Budget 2025 Should Help Bring In Majority Of Taxpayers To New Income Tax Regime, Says CBDT Chairman
1 month, 3 weeks ago

Tax Reforms In Budget 2025 Should Help Bring In Majority Of Taxpayers To New Income Tax Regime, Says CBDT Chairman

ABP News  

CBDT Chairman, Ravi Agrawal, on Sunday said that revisions in the tax slabs should bring nearly all the individual taxpayers to the new income tax regime. Speaking in an interview with PTI, the Central Board of Direct Taxes executive said that the Budget 2025’s announcement of no tax on earnings up to Rs 12 lakh per annum should help the …

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 …

'If you earned ₹12 lakh in Nehruji's time…': How PM Modi praised Budget 2025
1 month, 3 weeks ago

'If you earned ₹12 lakh in Nehruji's time…': How PM Modi praised Budget 2025

Hindustan Times  

Prime Minister Narendra Modi on Sunday took a swipe at the Congress, invoking former prime ministers Jawaharlal Nehru and Indira Gandhi to claim that their governments imposed heavy taxes on people’s earnings, while his government has eased the tax burden and provided greater relief to the middle class. If we look at this budget—back in Nehru Ji’s time, if you …

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 Hindu Morning Digest, February 2, 2025
1 month, 3 weeks ago

The Hindu Morning Digest, February 2, 2025

The Hindu  

Union Budget 2025: Tax bonanza for middle class 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 …

An imprint of Sangh suggestions in key announcements
1 month, 3 weeks ago

An imprint of Sangh suggestions in key announcements

Hindustan Times  

New Delhi The Union Budget accommodated and incorporated the inputs of various offshoots of the Rashtriya Swayamsevak Sangh on sectors as diverse as manufacturing, agriculture and gig workers, people aware of discussions said on Saturday, signalling synergy between the the Bharatiya Janata Party and its ideological fount. “This will benefit all the farmers in the country and will undoubtedly lead …

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 …

After Budget fires up hopes for a consumption boost, eyes on RBI for a double thrust
1 month, 3 weeks ago

After Budget fires up hopes for a consumption boost, eyes on RBI for a double thrust

Live Mint  

New Delhi: Following finance minister Nirmala Sitharaman’s proposed income tax relief for salaried individuals, India’s consumer industry executives are looking forward to a rate cut that could provide a further boost to fire up India’s sluggish urban consumption. “This budget would kickstart a virtuous cycle of consumption-led growth," said Sanjiv Puri, president, Confederation of Indian Industry, and chairman and managing …

Tax axe budget prods people to spend more
1 month, 3 weeks ago

Tax axe budget prods people to spend more

New Indian Express  

NEW DELHI: a country is not just its soil, a country is its people—a famous line of Telugu poet and playwright Gurajada Appa Rao quoted by Finance Minister Nirmala Sitharaman in her speech—sums up the focus of Budget 2025-26. The middle class was the central focus of the Budget, which heralded a big income tax cut the demand for which …

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