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Union Budget

Union budget prudently manages fiscal consolidation and growth objectives: RBI paper

Union budget prudently manages fiscal consolidation and growth ob...

Wed, Feb 19, 2025

The Union Budget presented by Finance Minister Nirmala Sitharaman "prudently manages" fiscal consolidation and growth objectives, an article by Reserve Bank staffers said on Wednesday.

Part shifting of customs duty to AIDC to have marginal impact on state transfers: CBIC Chairman

Part shifting of customs duty to AIDC to have marginal impact on...

Thu, Feb 06, 2025

Finance Minister Nirmala Sitharaman removed seven tariff rates in the 2025-26 Budget. This is over and above the seven tariff rates removed in the 2023-24 Budget.

Tax cuts to spur discretionary consumption especially among salaried people: Report

Tax cuts to spur discretionary consumption especially among salar...

Tue, Feb 04, 2025

The Budget has focused on reviving consumption by increasing the income threshold and relaxing the tax slabs.

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Union Budget: SBI research emphasizes fiscal prudence, tax reforms, and agriculture overhaul

Union Budget: SBI research emphasizes fiscal prudence, tax reform...

Mon, Jul 08, 2024

A State Bank of India (SBI) research report urges the central government to focus on fiscal prudence, tax restructuring, and comprehensive agricultural reforms in the upcoming Union Budget to foster sustainable economic growth.

Government Plans to Double Ayushman Bharat Beneficiaries, Increase Insurance to Rs 10 Lakh

Government Plans to Double Ayushman Bharat Beneficiaries, Increas...

Sun, Jul 07, 2024

The Indian government is exploring doubling the Ayushman Bharat health insurance scheme's beneficiaries and raising coverage to Rs 10 lakh annually, potentially impacting over two-thirds of the population, with a proposed annual expenditure increase of Rs 12,076 crore.

Market outlook this week: US Fed speech, domestic inflation data, budget to drive stock markets

Market outlook this week: US Fed speech, domestic inflation data,...

Sun, Jul 07, 2024

Next week's market outlook will be shaped by the Union Budget presentation, inflation data, and key earnings reports, along with global events like the Fed speech and US economic data.

Union Budget: Industry calls for infra push and structural reforms for sustainable growth

Union Budget: Industry calls for infra push and structural reform...

Sun, Jul 07, 2024

Industry leaders urge the government to prioritize infrastructure development and structural reforms in the Union Budget 2024-25 to achieve sustainable and inclusive economic growth.

Budget 2024 Date Announced: Finance Minister Nirmala Sitharaman to present Budget on THIS date | Know all details here

Budget 2024 Date Announced: Finance Minister Nirmala Sitharaman t...

Sat, Jul 06, 2024

Budget 2024 Date Announced: After having presented an interim budget ahead of the Lok Sabha polls, the Finance Minister will now present the full budget for 2024-25 that ensures the economy continues on the high growth trajectory and creates more jobs during the Modi 3.0 government.

High tariffs weaken industry, nullify PLI impact; ICEA calls for tariff rationalisation in Budget

High tariffs weaken industry, nullify PLI impact; ICEA calls for...

Tue, Jul 02, 2024

The India Cellular & Electronics Association (ICEA) said higher input tariffs perpetrate import dependency and "restrict" the potential impact of PLI.

Tata Hitachi to invest Rs 200 crore in FY25, localisation remains top priority

Tata Hitachi to invest Rs 200 crore in FY25, localisation remains...

Tue, Jul 02, 2024

The company, a 40:60 joint venture between Tata and Hitachi of Japan, aims at ramping up localisation levels to 70 per cent over the next 2-3 years, its Managing Director Sandeep Singh said.

Budget should double standard deduction, raise basic exemption to Rs 3.5 lakh under new tax regime: EY

Budget should double standard deduction, raise basic exemption to...

Wed, Jun 26, 2024

Listing out the priorities on taxation reforms in the upcoming Budget, EY said the government should prioritise streamlining tax structures, enhancing policy frameworks to promote economic growth, and fostering a conducive environment for investment and development.

Industry pitches for tax reduction, rationalisation of duty structure in Budget

Industry pitches for tax reduction, rationalisation of duty struc...

Tue, Jun 25, 2024

In a pre-budget meeting with Finance Minister Nirmala Sitharaman, FIEO president Ashwani Kumar made a case for an extension of the Interest Equalisation Scheme for the next five years.

SBI Chairman pitches for tax relief on interest income in Budget

SBI Chairman pitches for tax relief on interest income in Budget

Wed, Jun 19, 2024

Currently, banks are required to deduct tax when interest income from deposits held in all the bank branches put together is more than Rs 40,000 in a year.

Budget 2024: UGC faces over 60% cut, budget for school education increased

Budget 2024: UGC faces over 60% cut, budget for school education...

Thu, Feb 01, 2024

Interim budget 2024-25: The University Grants Commission (UGC) has faced a budget cut this year with the Centre reducing its grant by over 60 per cent while the allocation for Indian Institutes of Management (IIMs) has been slashed for the second consecutive year.

Budget 2024: Over Rs 2 lakh crore allocated to home ministry

Budget 2024: Over Rs 2 lakh crore allocated to home ministry

Thu, Feb 01, 2024

A sum of Rs 1248.91 crore was given to the cabinet under which the expenditure on council of ministers, cabinet secretariat, Prime Minister's Office, hospitality, and entertainment of the government comes.

Budget 2024: MEA gets allocation of Rs 22,154 crore in Union Budget for 2024-25

Budget 2024: MEA gets allocation of Rs 22,154 crore in Union Budg...

Thu, Feb 01, 2024

The Ministry of External Affairs (MEA) was on Thursday allocated a total of Rs 22,154 crore for the fiscal 2024-25 in the Union Budget as against last year's outlay of Rs 18,050 crore.

Budget 2024: A look at key budget allocations for various ministries announced by FM Nirmala Sitharaman

Budget 2024: A look at key budget allocations for various ministr...

Thu, Feb 01, 2024

Budget 2024: FM Sitharaman presented the interim budget on Thursday, February 1. Let's take a look at which ministry allocated how much amount in the shortest budget speech of the Finance Minister:

Budget 2024: Rs 312 crore for training of babus, Rs 10 crore for administrative reforms

Budget 2024: Rs 312 crore for training of babus, Rs 10 crore for...

Thu, Feb 01, 2024

An amount of Rs 39.44 crore has been allocated for 2024-25 to meet establishment-related expenditure of Central Information Commission and Public Enterprises Selection Board.

Women, children in Budget 2024-25: Marginal rise in allocation for WCD Ministry

Women, children in Budget 2024-25: Marginal rise in allocation fo...

Thu, Feb 01, 2024

The Saksham Anganwadi and POSHAN 2.0 saw the highest allocation of funds at Rs 21,200 crore, followed by the Mission Shakti (Mission for Protection and Empowerment for Women) which has been given Rs 3145.97 crore.

Budget 2024: EV stocks rally post Interim Budget announcement

Budget 2024: EV stocks rally post Interim Budget announcement

Thu, Feb 01, 2024

Budget 2024, EV stocks budget: Finance Minister Nirmala Sitharaman announced in her Interim Budget 2024 speech that the government will expand the electric vehicle ecosystem to support charging infrastructure and encourage e-buses for public transport networks.

Budget 2024: Defence stocks trade mixed after FM announces increase in budget allocation for the sector

Budget 2024: Defence stocks trade mixed after FM announces increa...

Thu, Feb 01, 2024

Defence stocks: Defence stocks were trading mixed in the afternoon trade after Finance Minister Nirmala Sitharaman enhanced the budget allocation for the defence sector for FY25 to Rs 6.22 lakh crore in FM's Interim Budget 2024 speech.

Budget 2024: Nirmala Sitharaman Sets Record with Sixth Consecutive Budget

Budget 2024: Nirmala Sitharaman Sets Record with Sixth Consecutiv...

Wed, Jan 31, 2024

Budget 2024: Union Finance Minister Nirmala Sitharaman is poised to make history by presenting her sixth consecutive budget on February 1, equalling the record set by former Prime Minister Morarji Desai. Since July 2019, Sitharaman has presented five full budgets, making her the first full-time woman finance minister of India.

Budget 2024: Time For A Regime Change! Why Opting For The New Tax Regime Makes Sense

Budget 2024: Time For A Regime Change! Why Opting For The New Tax...

Wed, Jan 31, 2024

Budget 2024: Taxpayers took some time to warm up to the New Tax Regime when it was first announced in 2020. The Finance Minister announced some more changes to in it the last Budget to make it all the more appealing for taxpayers, especially the young salaried class. So, find out where the New Tax Regime now scores over the Old one.

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