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Relief for senior citizens earning interest, but worries remain
Updated on Feb 02, 2025 09:54 AM IST
The budget introduces several significant changes for India’s elderly: doubling the TDS threshold and tax deduction limit on interest income to ₹1 lakh
What the Budget 2025 means for economic reforms
The finance minister will introduce a new income tax bill next week, signalling major tax reforms. The budget includes customs duty cuts and support for MSMEs.
Published on Feb 02, 2025 01:16 AM IST
Union Budget 2025: Upper hand to middle class
To boost investment, the budget increased the FDI limit in insurance, announced measures to ease regulation and an investment friendliness index of states
Updated on Feb 02, 2025 08:58 AM IST
GST collections soar 12.3 per cent to ₹1.96 lakh crore in January
Goods and Services Tax (GST) collections in January, in gross terms, stood at ₹1.96 lakh crore, with a yearly jump of 12.3 per cent.
Updated on Feb 01, 2025 09:02 PM IST
ANI |
Centre seeks 9% boost from RBI, banks to offset income tax cuts: Report
The huge transfer of funds will help the government to narrow its fiscal deficit to 4.4 per cent of the GDP.
Updated on Feb 01, 2025 06:49 PM IST
Centre seeks over ₹78,000 crore on securities trading levies next fiscal
Budget 2025: Purchase and sale of securities like stocks and derivatives attract a securities transaction tax (STT) for both parties involved in the transaction
Published on Feb 01, 2025 06:27 PM IST
Budget 2025-26: How India’s tax rate changes will impact middle-class spending
The Indian government announced the biggest tax relief in at least a decade to boost consumer demand to revive growth in the world's fifth-largest economy.
Published on Feb 01, 2025 05:54 PM IST
Reuters |
No tax on income of up to ₹12 lakh | All your questions answered
Budget 2025: This limit will be ₹12.75 lakh for salaried tax payers counting ₹75,000 of standard deduction.
Updated on Feb 01, 2025 05:48 PM IST
Thumbs up or down? How INDIA bloc reacted to Nirmala Sitharaman's Budget 2025
INDIA bloc criticised Budget 2025, highlighting stagnant wages, low consumption, and a complicated GST system, claiming it fails to address key economic issues.
Updated on Feb 02, 2025 09:55 AM IST
Budget 2025-26: Centre allocates ₹1 lakh cr Urban Challenge Fund
To boost urban infrastructure, Union Finance Minister Nirmala Sitharaman the government will set up an Urban Challenge Fund of ₹1 lakh crore
Published on Feb 01, 2025 05:09 PM IST
PTI |
India to give $647 million to support strategic reserve oil purchases in 2025-26
Indian Strategic Petroleum Reserve Ltd which manages federal oil inventories, operates 3 SPRs in southern India with a combined capacity of about 5 million tons
Published on Feb 01, 2025 04:27 PM IST
Reuters |
Harsh Goenka applauds Nirmala Sitharaman's 'Champions' Budget 2025
Harsh Goenka praised Nirmala Sitharaman’s Union Budget 2025, calling it a "Champions Budget"
Published on Feb 01, 2025 04:23 PM IST
Mahipal Singh Chouhan
Budget 2025 calls for ‘active private partnership’ in guarded nuclear sector
Budget 2025: Development of at least 100 GW of nuclear energy by 2047 is essential for our energy transition efforts, finance minister Sitharaman said.
Published on Feb 01, 2025 04:13 PM IST
On budget day, Gold futures hit an all-time high of ₹83,360 per 10 gram
Gold price today: On the previous day, gold had closed at ₹82, 233 per 10 grams.
Updated on Feb 01, 2025 04:11 PM IST
Union Budget: ₹74,000 crore allocated for drinking water, sanitation
The allocation marked a substantial rise from the revised estimates of ₹29,916 crore for 2024-25 for the department.
Published on Feb 01, 2025 04:08 PM IST
PTI |
Nikhil Kamath’s ‘hooked on makhana’ remark goes viral post Budget speech
In a previous post, Nikhil Kamath said that there is potential for a ₹6000 makhana industry and expressed his love for the foxnuts.
Updated on Feb 01, 2025 03:16 PM IST
Maruti Suzuki's vehicle dispatches from factories grew 6% in January
Maruti Suzuki, the country's largest carmaker had dispatched a total of 1,99,364 units in January 2024.
Published on Feb 01, 2025 02:52 PM IST
PTI |
5 income tax relief measures announced by Nirmala Sitharaman in Budget 2025
Finance Minister Nirmala Sitharaman has announced a slew of measures which can significantly benefit taxpayers in the Union Budget 2025
Published on Feb 01, 2025 02:35 PM IST
Union Budget: Cement stocks fall on 'modest' capital spending hike in budget
Among big firms, UltraTech Cement's shares dropped 2.7%, while those of rival Adani Group's cement firms Ambuja and ACC slumped 4.5% and 2.3% respectively.
Updated on Feb 01, 2025 02:10 PM IST
Reuters |
Union Budget: Import taxes cut in boost for electronics production
Indian tariffs on electronics components can be as high as 20%, about 5%-6% more than countries such as China and Malaysia, according to Niti Aayog.
Published on Feb 01, 2025 01:59 PM IST
Bloomberg |
‘FDI limit for insurance sector to be raised to 100%’: Nirmala Sitharaman
Presenting Budget 2025-26, Finance Minister Nirmala Sitharaman said the FDI limit for the insurance sector will be raised from 74 to 100%.
Published on Feb 01, 2025 01:52 PM IST
PTI |
Govt scraps custom duties on waste and scrap of dozen critical minerals
The government will also launch a policy for recovery of critical minerals from tailings or by-products of mining, Finance Minister Nirmala Sitharaman said
Published on Feb 01, 2025 01:18 PM IST
Reuters |
Govt to launch modified UDAN scheme, connect 120 new destinations: Sitharaman
Nirmala Sitharaman said the scheme will also support helipads and smaller airports in hilly, aspirational, and northeastern regional districts
Published on Feb 01, 2025 01:13 PM IST
‘Bihar supremacy?' Memes steal spotlight after Nirmala Sitharaman’s Budget
Budget 2025 memes: Bihar memes take over X after Nirmala Sitharaman's Budget speech.
Updated on Feb 01, 2025 03:13 PM IST
Union Budget: IT ministry allocates ₹5 crore for Data Protection Board in FY26
The government had allocated ₹2 crore to meet the establishment and salary expenses of the Data Protection Board in FY25.
Published on Feb 01, 2025 12:55 PM IST
₹1 lakh crore plan to transform cities into ‘growth hubs’: Sitharaman
The finance minister said that urban development is among the six key areas where the budget aims at “transformative” reforms.
Updated on Feb 01, 2025 05:25 PM IST
Centre to set up 50,000 Atal Tinkering Labs in the next five years
Finance Minister Nirmala Sitharaman said 50,000 Atal Tinkering Labs will be set up in the next five years to cultivate scientific temper in young minds.
Published on Feb 01, 2025 12:35 PM IST
PTI |
Govt to provide ID cards, e-Shram portal registration for 1 crore gig workers
Presenting the Union Budget 2025-26, the finance minister also said a scheme for the socio-economic upliftment of urban workers will be implemented
Published on Feb 01, 2025 12:28 PM IST
PTI |
‘No income tax up to ₹12 lakh’: Middle class erupts in joy at Budget bonanza
‘No income tax up to ₹12 lakh’: Nirmala Sitharaman's Budget speech is being seen as a “big relief” for middle-class salaried population.
Updated on Feb 01, 2025 12:34 PM IST
Nirmala Sitharaman creates history, presenting her 8th consecutive Union Budget
This will take Sitharaman closer to the record of 10 budgets that were presented by former Prime Minister Morarji Desai over different time periods
Published on Feb 01, 2025 12:17 PM IST
PTI |