Budget 2025: Should Nirmala Sitharaman focus on boosting consumption?
5 days, 6 hours ago

Budget 2025: Should Nirmala Sitharaman focus on boosting consumption?

India Today  

Union Finance Minister Nirmala Sitharaman faces a challenging economic backdrop as she prepares to present Budget 2025-26 on February 1. The Reserve Bank of India also lowered its real GDP growth forecast for 2024-25 to 6.6%, citing global uncertainties, volatile commodity prices, and fragmented economic conditions. MIDDLE-CLASS RELIEF & CONSUMPTION REVIVAL Anand Ramanathan, Partner and Leader for the Consumer Products and Retail sector at Deloitte India, said that India’s GDP growth is likely to moderate to 6.3% in FY25 due to fiscal consolidation and tighter global credit conditions. DELOITTE'S KEY EXPECTATION FROM BUDGET 2025 Deloitte has outlined three main expectations for Budget 2025 that could help boost private consumption and address economic concerns: Higher income tax exemptions - Deloitte suggests raising the basic income tax exemption limit under the old tax regime from Rs 2.5 lakh to Rs 3.5 lakh. Targeted tax incentives for rural markets and innovation - To enhance rural demand, Deloitte proposes a Rs 10,000 crore FMCG Rural Growth Fund to improve distribution networks and offer tax rebates for affordable rural product lines.

India Growth Tax Budget Economic Consumption Gdp Deloitte Private Consumption Fmcg  focus  economic  fmcg  deloitte  gdp  budget  nirmala  growth  rural  sitharaman  boosting  2025  rs  products  consumption  tax

History of this topic

Budget 2025: Will Nirmala Sitharaman address TDS-TCS challenges?
3 days, 17 hours ago

Budget 2025: Will Nirmala Sitharaman address TDS-TCS challenges?

India Today  

As the Union Budget 2025-26 draws near, discussions intensify on simplifying India’s tax system. Industry bodies, including the Federation of Indian Chambers of Commerce and Industry, have shared their recommendations with Finance Minister Nirmala Sitharaman, advocating tax reforms to boost the ease of doing business and reduce complexity. SIMPLIFYING TDS-TCS RATES FICCI has proposed reducing the numerous TDS/TCS rates to …

India’s household consumption survey doesn’t feed public policy all that well
4 days, 4 hours ago

India’s household consumption survey doesn’t feed public policy all that well

Live Mint  

India’s government recently released the findings of its 2023-24 survey of household consumption expenditure and expressed satisfaction at the seeming narrowing of spending gaps in society at large and between rural and urban populations. However, we must not set too much store by the monthly per capita consumption expenditure figures of this sample survey. India’s free foodgrain scheme may explain …

Vivek Kaul: The Union budget should focus on reviving private consumption
5 days ago

Vivek Kaul: The Union budget should focus on reviving private consumption

Live Mint  

The Reserve Bank of India recently released figures for net household financial savings during 2023-24. Fifth, a clear impact of the income of the average Indian growing slower and liabilities growing faster has been a slowdown in private consumption growth. Further, the cash distribution schemes launched by different state governments will put greater pressure on the Union government to earn …

Industry leaders seek investment and consumption boost in pre-budget talks
6 days, 13 hours ago

Industry leaders seek investment and consumption boost in pre-budget talks

Live Mint  

New Delhi: Industry leaders urged measures to boost investment, education and healthcare in a pre-budget consultation with finance minister Nirmala Sitharaman on Monday. Key proposals included expanding presumptive taxation to MSMEs and emerging sectors like data centres and cloud computing, aimed at spurring job creation, integrating India into global value chains, and measures to boost domestic consumption, fostering a win-win …

Budget 2025: Industry bodies urge Nirmala Sitharaman to slash income tax rates for middle class at pre-budget meeting
6 days, 13 hours ago

Budget 2025: Industry bodies urge Nirmala Sitharaman to slash income tax rates for middle class at pre-budget meeting

Live Mint  

India's industry body representatives were seeking a reduction in personal income tax rates from the Finance Minister at the pre-budget meeting on Monday to ensure higher disposable income in the hands of the nation's middle-class population, reported the news agency PTI on December 30. “From a perspective of boosting consumption, we have suggested that there be some relief provided to …

India Inc discusses high tax, inflation, job avenues with finance minister Nirmala Sitharaman
6 days, 14 hours ago

India Inc discusses high tax, inflation, job avenues with finance minister Nirmala Sitharaman

Deccan Chronicle  

New Delhi: Amid slowing the consumption demand in both rural and urban areas in the country, India Inc on Monday met finance minister and discussed various issues related to the common man, including the burden of high tax for middleclass, inflation, job opportunities among others. Besides, the industry representatives also flagged concerns over an issue of dumping of excess stock …

India’s rural-urban consumption gap narrowed in 2023-24, govt survey says
1 week, 2 days ago

India’s rural-urban consumption gap narrowed in 2023-24, govt survey says

Live Mint  

New Delhi: The average monthly per capita consumption expenditure in India saw significant growth in 2023-24, fuelled by higher spending across rural and urban households and a narrowing consumption gap between the two, according to data released by the Ministry of Statistics & Programme Implementation on Friday. "When ranked by MPCE, the increase in the average MPCE in 2023-24 from …

Union Budget: Jobs, farm productivity, funds for infra boost figure at PM-economists meet
1 week, 5 days ago

Union Budget: Jobs, farm productivity, funds for infra boost figure at PM-economists meet

The Hindu  

Job creation, improving farm productivity, and mobilising public funds for infrastructure development were some of the issues that figured during the interaction between Prime Minister Narendra Modi and economists ahead of the 2025-26 Union Budget. Suggestions were also made on aligning education and training programmes with the evolving needs of the job market, enhancing agricultural productivity and creating sustainable rural …

Tariffs, GDP path in PM pre-budget talks
1 week, 5 days ago

Tariffs, GDP path in PM pre-budget talks

Hindustan Times  

Prime Minister Narendra Modi on Tuesday consulted economists about navigating global uncertainty and maintaining India’s economic growth momentum, ahead of the NDA government’s second budget in its third term in office. Among top officials, the meet was attended by the finance minister, principal secretary to the PM, PK Mishra, Niti Aayog vice-chairman Suman Bery, Niti Aayog’s CEO BVR Subrahmanyam and …

PM Modi chairs meeting with economists, sectoral experts in Delhi
1 week, 5 days ago

PM Modi chairs meeting with economists, sectoral experts in Delhi

India TV News  

Prime Minister Narendra Modi is currently presiding over a crucial meeting with prominent economists and sectoral experts. Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2025-26 in the Lok Sabha on February 1, 2025. Sitharaman, Niti Aayog Vice Chairman Suman Bery, Niti Aayog CEO BVR Subrahmanyam, Chief Economic Advisor Anantha Nageswaran and eminent economists, including Surjit …

Insurance, plane fuel might get cheaper as GST Council mulls lowering taxes
2 weeks, 1 day ago

Insurance, plane fuel might get cheaper as GST Council mulls lowering taxes

Hindustan Times  

The 55th GST Council meeting which is expected to decide on reducing tax rate on health and life insurance, besides considering rate rejigs on 148 items began here on Saturday. However, 18 per cent GST will continue on premiums paid for policies with health insurance cover of over ₹5 lakh. The four-tier tax slab of 5, 12, 18 and 28 …

Taxpayer money wasted, public issues adjourned
2 weeks, 2 days ago

Taxpayer money wasted, public issues adjourned

New Indian Express  

Speaking in the Constituent Assembly on November 4, 1948, B R Ambedkar said if things go wrong it would not be because of a bad Constitution, but because “man was vile”. It is estimated that running a parliament session costs Rs 2.5 lakh per minute, and that just the washout in Lok Sabha has cost over Rs 97.8 crore. A …

Nirmala Sitharaman holds pre-budget consultations with farm groups
3 weeks, 6 days ago

Nirmala Sitharaman holds pre-budget consultations with farm groups

Hindustan Times  

NEW DELHI: Union finance minister Nirmala Sitharaman held a key pre-budget consultation with a large farmers’ delegation and farm economists on Saturday, where she sought suggestions and took note of various issues and demands of the farming community, two participants said on Monday. The farmers union also asked Nirmala Sitharaman to enhance the cash benefit under the PM Kisan scheme …

Farmers seek cheaper credit, lower taxes, doubling PM-KISAN amount in pre-budget meet with FM
4 weeks, 1 day ago

Farmers seek cheaper credit, lower taxes, doubling PM-KISAN amount in pre-budget meet with FM

Live Mint  

New Delhi, Dec 7 Farmer representatives and agricultural stakeholders urged the government to provide cheaper long-term credit, implement lower taxes, and double the PM-KISAN income support during a comprehensive pre-budget consultation with Finance Minister Nirmala Sitharaman on Saturday. Primary demands included reducing interest rates on agricultural loans to as low as 1 per cent and increasing the annual PM-KISAN instalment …

Economists ask Finance Minister to focus on growth rather than fiscal consolidation
4 weeks, 2 days ago

Economists ask Finance Minister to focus on growth rather than fiscal consolidation

New Indian Express  

NEW DELHI: With the second quarter GDP growth falling to a 7-quarter low of 5.4%, economists have asked the government to shift its policy focus to growth rather than fiscal consolidation. In a pre-budget meeting with finance minister Nirmala Sitharaman on Friday, a delegation of economists suggested the government readdress the pace of fiscal consolidation and take measures to boost …

FM Sitharaman, economists discuss slowing growth, budget priorities, and macroeconomic challenges
4 weeks, 2 days ago

FM Sitharaman, economists discuss slowing growth, budget priorities, and macroeconomic challenges

Live Mint  

Finance minister Nirmala Sitharaman on Friday kicked off the first round of pre-budget consultations with leading economists, focusing on strategies to bolster manufacturing, curb food inflation, create jobs, and revive private sector investment and consumption growth. The meeting, attended by senior finance ministry officials and a host of eminent economists, centred on pressing issues such as inflation, employment, trade, health, …

India’s GDP growth shocker: Bad news can be good too
1 month ago

India’s GDP growth shocker: Bad news can be good too

Live Mint  

India’s growth in gross domestic product of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It’s the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. Given the …

RBI’s GDP projections on test as India’s Q2 GDP growth falls short
1 month, 1 week ago

RBI’s GDP projections on test as India’s Q2 GDP growth falls short

Live Mint  

The Indian economy experienced a big jolt in the July-September quarter of 2024-25, with the real GDP growth rate slowing to 5.36%, the lowest in seven quarters, data released by the statistics ministry on Friday showed. A back-of-the-envelope calculation suggests GDP growth will have to average 8.3% in the second half of the year to align with the RBI’s full-year …

Nirmala Sitharaman acknowledges netizen’s request for relief to middle class. Check her response here
1 month, 2 weeks ago

Nirmala Sitharaman acknowledges netizen’s request for relief to middle class. Check her response here

Live Mint  

Indian Finance Minister Nirmala Sitharaman, on November 17, responded to a netizen requesting some relief for the middle class amid rising inflation and prices in the country. I understand the immense challenges involved, but it’s just a heartfelt request.” Sitharaman responded positively to the post, thanking Sharma for acknowledging the challenges involved and stating that the central government is a …

Nirmala Sitharaman to meet State FMs for pre-Budget, GST Council meet on Dec 21-22
1 month, 3 weeks ago

Nirmala Sitharaman to meet State FMs for pre-Budget, GST Council meet on Dec 21-22

The Hindu  

Union Finance Minister Nirmala Sitharaman is likely to meet her State counterparts on December 21-22 for pre-budget consultations and meeting of the GST Council, an official said. The 55th GST Council meeting would be held during one of these two days in which the much-awaited decision on exemption or lower GST rate on health and life insurance would be taken. …

Education, welfare in focus of ₹2.94 lakh-cr Andhra budget
1 month, 3 weeks ago

Education, welfare in focus of ₹2.94 lakh-cr Andhra budget

Hindustan Times  

The Telugu Desam Party-led National Democratic Alliance government in Andhra Pradesh on Monday presented its first full-fledged budget of ₹2,94,427 crore for 2024-25, five months after coming to power. Finance minister Payyavula Kesav told the state legislative assembly that the budget included revenue expenditure of ₹2,35,916 crore and capital expenditure of ₹32,712 crore. The NDA government under chief minister N …

'Double engine' of private investment, mass consumption derailed under Modi government: Congress
1 month, 3 weeks ago

'Double engine' of private investment, mass consumption derailed under Modi government: Congress

New Indian Express  

Congress general secretary in-charge communications Jairam Ramesh urged the government to accept what the Congress has been proposing - raising MGNREGA wages to a minimum of Rs.400 per day, guaranteeing MSP and a loan waiver for farmers, and a monthly income support scheme for women - to kickstart income growth in rural India. Last week, several CEOs from India Inc …

Finance Ministry kick-starts Budget 2025-26 preparations; Economic reforms, employment generation in focus
3 months, 2 weeks ago

Finance Ministry kick-starts Budget 2025-26 preparations; Economic reforms, employment generation in focus

Live Mint  

India's Finance Ministry is set to begin preparations for the 2025-26 annual budget in October, as the country's economy continues its strong performance, maintaining a 7% growth rate for the fourth consecutive year, PTI reported. The upcoming budget is expected to focus on reforms to further accelerate growth and implement measures to boost job creation and economic demand, as per …

India's Q1 GDP: Private consumption lifts mood
4 months ago

India's Q1 GDP: Private consumption lifts mood

New Indian Express  

NEW DELHI: The GDP growth slumped to a 15-month low with 6.8% real rate of growth in the first quarter of 2024-25. As per Gaura Sen Gupta, economist, India First Bank, the growth is likely led by rural demand with improvement in labour market conditions. High frequency indicators for urban demand like FMCG sales volume and passenger vehicle sales growth …

India Economic Outlook: Deloitte Predicts Strong Growth at 7%-7.2% for FY25
5 months ago

India Economic Outlook: Deloitte Predicts Strong Growth at 7%-7.2% for FY25

The Hindu  

Deloitte’s India Economic Outlook for August 2024 predicts strong economic growth between 7.0% and 7.2% in FY25, driven by robust economic fundamentals, surpassing the Economic Survey’s prediction, but aligning with the Reserve Bank of India’s outlook. Government initiatives in the Union Budget 2024-25 were expected to boost agriculture productivity, create jobs, and improve MSMEs’ access to finance, thereby enhancing consumer …

FM Nirmala to move Finance Bill for consideration in Parliament today
5 months ago

FM Nirmala to move Finance Bill for consideration in Parliament today

Deccan Chronicle  

Union Finance Minister Nirmala Sitharaman will move the Finance Bill, 2024, for consideration in Parliament on Tuesday to give effect to the financial proposals of the central government for the financial year 2024-25.Union Minister Rajiv Ranjan Singh is expected to make a statement in Lok Sabha regarding the status of implementation of the recommendations contained in the 70th report of …

How weak consumption growth is holding back the Indian economy's potential
5 months ago

How weak consumption growth is holding back the Indian economy's potential

Hindustan Times  

Ashlesh —34-year-old former data entry operator at a small firm in Ghaziabad, and originally from the village of Ambar Nagar in Balrampur, in Uttar Pradesh — immediately wanted to make it big in life the day after he had lost his job. ‘As if there is no effect of the high growth here,” Ashlesh said, echoing concerns shared by Amit …

Moving forward with nine levers of growth
5 months, 1 week ago

Moving forward with nine levers of growth

Hindustan Times  

The New York Times, long considered a cheerleader of the select global club sceptical of India’s exponential phy-gital capabilities build-up in recent years, acknowledged the same, writing in late June how “positive vibes” from India are making it a preferred destination for marquee American and European conglomerates, accentuating a clear shift away from mainland China. The budget presented on Tuesday, …

The budget echoes the Developed India vision
5 months, 1 week ago

The budget echoes the Developed India vision

Hindustan Times  

Finance minister Nirmala Sitharaman has meticulously assessed India’s economic vitality. New Delhi, India - July 23, 2024: Union Finance Minister Nirmala Sitharaman during Post Budget Press Conference at National Media Centre, in New Delhi, India, on Tuesday, July 23, 2024. Budget 2024 unveiled a comprehensive strategy built on nine foundational pillars — agriculture, employment, inclusive development, manufacturing and services, urban …

NSE MD gives 10/10 score to Nirmala Sitharaman's Budget: ‘Huge fillip to job creation in India’
5 months, 1 week ago

NSE MD gives 10/10 score to Nirmala Sitharaman's Budget: ‘Huge fillip to job creation in India’

Hindustan Times  

Ashishkumar Chauhan, MD and CEO at National Stock Exchange, said that the Union Budget 2024 presented by Finance minister under the Modi 3.0 government “has given a huge fillip to job creation in India by ensuring that the private sector also participates in job creation in addition to the government sector while ensuring that India becomes the number 1 start …

Government cuts borrowing target to ₹14.01 lakh crore for 2024-25
5 months, 1 week ago

Government cuts borrowing target to ₹14.01 lakh crore for 2024-25

Hindustan Times  

The government has lowered its borrowings estimate for the current financial year to 14.01 lakh crore as there is an improvement in tax collection. Union Finance Minister Nirmala Sitharaman showcases a red pouch carrying the Budget documents, outside the Finance Ministry in North Block The government has to borrow by issuing dated securities to meet its fiscal deficit target. The …

Budget 2024: How will it impact the common people and consumers? CHECK here
5 months, 1 week ago

Budget 2024: How will it impact the common people and consumers? CHECK here

India TV News  

Budget 2024: Finance Minister Nirmala Sitharaman on Tuesday announced the Union Budget 2024-25, with nine outlined priorities in agriculture, employment and skilling, manufacturing and services, human resource development, urban development, energy security and more. Sitharaman announced Prime Minister Narendra Modi's package of five schemes for employment, skilling and other opportunities for employment, skilling and other opportunities for 4.1 crore youth …

Budget 2024: FM Nirmala Sitharaman lays out nine priorities of the Modi govt
5 months, 1 week ago

Budget 2024: FM Nirmala Sitharaman lays out nine priorities of the Modi govt

Op India  

Finance Minister Nirmala Sitharaman, in her seventh consecutive Union Budget for 2024-25, outlined key priorities aimed at fostering economic growth and creating ample opportunities. She listed productivity and resilience in agriculture, employment and skilling, inclusive human resource development and social justice, manufacturing and services, urban development, energy security, infrastructure, innovation, research and development and next-generation reforms as nine priority areas …

Budget 2024 Highlights on income tax: FM Sitharaman revises personal income tax slabs; taxation rates remain unchanged
5 months, 1 week ago

Budget 2024 Highlights on income tax: FM Sitharaman revises personal income tax slabs; taxation rates remain unchanged

The Hindu  

Finance Minister Nirmala Sitharaman in her seventh Budget speech on July 23 revised the tax slabs under the new regime. Whilst the rate of taxation remains unchanged, the size of each of the slabs, excluding the initial zero to ₹3 lakh, remains unchanged. Budget 2024-25: Taxes Earlier, the Finance Minister further placed increasing the standard deduction for salaried employees from …

What Budget means for taxpayers: 10 points
5 months, 1 week ago

What Budget means for taxpayers: 10 points

Hindustan Times  

Finance Minister Nirmala Sitharaman on Tuesday announced a major relief for the subscribers of the new income tax regime. Nirmala Sitharaman announced the government has increased the income tax standard deduction for those who opted for the new regime. "For those opting for the new tax regime, the standard deduction for salaried employees to be increased from ₹ 50,000 to …

Union Budget 2024 India: Sitharaman Announces 5 Schemes Focusing On 4.1 Crore Youth Over Next 5 Years
5 months, 2 weeks ago

Union Budget 2024 India: Sitharaman Announces 5 Schemes Focusing On 4.1 Crore Youth Over Next 5 Years

ABP News  

Union Budget 2024 India: Finance Minister Nirmala Sitharaman in her announcement during the Budget speech revealed that the Modi 3.0 government will launch five major schemes focusing on 4.1 crore youth over the next five years, with a substantial central outlay of Rs 2 lakh crore. The Finance Minister emphasized that 20 lakh youth will receive training and skill development …

Budget 2024: Key announcements by Finance Minister Nirmala Sitharaman
5 months, 2 weeks ago

Budget 2024: Key announcements by Finance Minister Nirmala Sitharaman

India TV News  

Budget 2024: Union Finance Minister Nirmala Sitharaman, on Tuesday, July 23, 2024, presented the first budget of the Modi government 3.0, after it was re-elected to power for the third consecutive time, in the 2024 Lok Sabha elections. Union Finance Minister Nirmala Sitharaman said, "As mentioned in the interim Budget, we need to focus on 4 different castes, the poor, …

Union Budget 2024: 7 key figures to gauge Indian economy's health under Sitharaman
5 months, 2 weeks ago

Union Budget 2024: 7 key figures to gauge Indian economy's health under Sitharaman

Hindustan Times  

Union finance minister Nirmala Sitharaman presents the Union Budget 2024 in Parliament today, marking her seventh consecutive budget, surpassing the late Morarji Desai's record of six. Follow- Budget 2024 Live Updates Key numbers to watch for the first full Budget of Modi 3.0 Fiscal Deficit: • The budgeted fiscal deficit for the current fiscal year is projected at 5.1%, down …

Budget 2024 HIGHLIGHTS: Andhra Pradesh, Bihar major gainers; special focus on jobs, new tax regime
5 months, 2 weeks ago

Budget 2024 HIGHLIGHTS: Andhra Pradesh, Bihar major gainers; special focus on jobs, new tax regime

India TV News  

Uttar Pradesh CM Yogi Adityanath's reaction on Union Budget: "Under the guidance of PM Modi, in the new parliament of the country, the Finance Minister has laid down the general budget of the country which is - inclusive, development-oriented and one which will fulfil the aspirations of 140 cr people. The new tax slabs announced in the budget are welcoming." …

Agriculture Budget 2024: Nirmala Sitharaman announces big agri push, allocates Rs 1.52 lakh crore
5 months, 2 weeks ago

Agriculture Budget 2024: Nirmala Sitharaman announces big agri push, allocates Rs 1.52 lakh crore

India TV News  

Union Budget 2024: In a significant boost to agriculture, Finance Minister Nirmala Sitharaman today announced that 1 crore farmers will be introduced to natural farming in the coming years. The Finance Minister allocated Rs 1.52 lakh crore for agriculture and allied sectors for the fiscal year 2024-25. "This year, I have made an allocation of Rs 1.52 lakh crore for …

Union Budget 2024: Read Finance Minister Nirmala Sitharaman's full speech
5 months, 2 weeks ago

Union Budget 2024: Read Finance Minister Nirmala Sitharaman's full speech

India Today  

Union Finance Minister Nirmala Sitharaman presented the first budget of the Narendra Modi government’s third term on Tuesday in Parliament. Budget Priorities Productivity and resilience in Agriculture Employment & Skilling Inclusive Human Resource Development and Social Justice Manufacturing & Services Urban Development Energy Security Infrastructure Innovation, Research & Development and Next Generation Reforms Subsequent budgets will build on these, and …

Budget 2024: Date, key timings and what to expect from budget speech
5 months, 2 weeks ago

Budget 2024: Date, key timings and what to expect from budget speech

India Today  

The Monsoon session began on Monday, with Finance Minister Nirmala Sitharaman set to present the Union Budget for 2024-25 on July 23, 2024. This will mark her seventh consecutive Budget presentation, surpassing the record of former Prime Minister Morarji Desai, who delivered five consecutive full Budgets and one interim Budget from 1959 to 1964. The Budget 2024 presentation can be …

Cong jabs Modi government over Economic Survey: ‘Cherry-picked view of economy’
5 months, 2 weeks ago

Cong jabs Modi government over Economic Survey: ‘Cherry-picked view of economy’

Hindustan Times  

The Congress on Monday called the Economic Survey 2024 tabled by finance minister Nirmala Sitharaman as a ‘cherry-picked view’ of the Indian economy. The Economic Survey 2023-24 presents a cherry-picked view of the economy, but we hope that tomorrow’s Budget faces up to the country’s realities,” Congress general secretary Jairam Ramesh posted on X while sharing his statement on the …

Sitharaman to present Budget 2024: Understanding the Budget, its impact on India's economy
5 months, 2 weeks ago

Sitharaman to present Budget 2024: Understanding the Budget, its impact on India's economy

India TV News  

Finance Minister Nirmala Sitharaman will present the Union Budget 2024–25 on Tuesday, marking the first budget of Prime Minister Narendra Modi's third successive government. By adjusting tax policies and government spending, the budget can incentivize business investments, boost economic activity, and address public needs such as education and healthcare. The presentation of the Union Budget 2024–25 will be a critical …

Budget 2024: Will FM Nirmala Sitharaman fulfill your income tax wishes?
5 months, 2 weeks ago

Budget 2024: Will FM Nirmala Sitharaman fulfill your income tax wishes?

India Today  

Finance Minister Nirmala Sitharaman is all set to present the full Budget 2024 on July 23. With various sectors anticipating significant announcements, salaried taxpayers are particularly hopeful for major income tax relief, including changes in the new income tax regime and standard deductions. Despite positive expectations for the budget, significant tax relief for the middle class may not materialise. Sandeep …

Budget 2024 Expectations: Will Nirmala Sitharaman announce tax relief?
5 months, 2 weeks ago

Budget 2024 Expectations: Will Nirmala Sitharaman announce tax relief?

Hindustan Times  

July 19, 2024 11:59 AM IST Budget 2024 Expectations Live Updates: Rajat Agrawal - CEO - Barista Coffee, said, “The Indian retail sector stands at a critical juncture, seeking support from the Govt on various counts which renews consumer confidence. Tax Cuts: Planned Reduction in individual income tax rates, especially for middle-income earners, could boost disposable incomes and drive spending. …

Budget 2024: Will Nirmala Sitharaman bring cheer to middle-class with income tax changes?
5 months, 2 weeks ago

Budget 2024: Will Nirmala Sitharaman bring cheer to middle-class with income tax changes?

Hindustan Times  

The Union Budget 2024 could provide Income Tax relief for low earners looms large amid rising prices in the country. Experts believe that a reduction in Income Tax could address economic challenges in the country as Finance Minister Nirmala Sitharaman is set to present the Union Budget for the fiscal year 2024-25 on July 23. This change would boost consumption, …

Nirmala Sitharaman's upcoming Budget: What to expect
5 months, 3 weeks ago

Nirmala Sitharaman's upcoming Budget: What to expect

India Today  

On July 23, Finance Minister Nirmala Sitharaman will present the Budget for the fiscal year ending March 2025. POINTS TO WATCH IN BUDGET ANNOUNCEMENT Fiscal deficit target: Despite political pressures, the government is committed to maintaining a fiscal deficit target of 5.1 per cent of the GDP. This means they aim to keep the gap between their spending and income …

Budget must address fundamental questions, why is private investment very sluggish: Congress
5 months, 3 weeks ago

Budget must address fundamental questions, why is private investment very sluggish: Congress

The Hindu  

The Congress on July 12 said the forthcoming Budget must address fundamental questions such as why private investment is "very sluggish" and private consumption is not picking up as the party dismissed claims that economic growth is accelerating sharply and large numbers of jobs being created. Congress general secretary, in-charge communications, Jairam Ramesh said, “The non-biological PM’s cheerleaders and drumbeaters …

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