New Delhi: The Union Budget 2025 has unveiled a bold roadmap for India’s startup ecosystem, deep tech sector, artificial intelligence, and emerging technologies. With a strong push for innovation, private sector collaboration, and digital infrastructure, the government has reaffirmed its vision to position India as a global technology powerhouse. A key highlight is the ₹20,000…
New Delhi: Individuals earning up to Rs 12 lakh annually will not have to pay any income tax under the new tax regime as Finance Minister Nirmala Sitharaman on Saturday gave relief to the middle class by raising exemption limits and rejigging slabs. For salaried employees, this nil tax limit will be Rs 12.75 lakh…
New Delhi: Finance Minister Nirmala Sitharaman on Saturday made history as she presented a record eighth consecutive budget, which comes in the backdrop of a slowdown in the economy and demand for tax cuts for the middle class. This will take Sitharaman closer to the record of 10 budgets that were presented by former Prime…
New Delhi: Finance Minister Nirmala Sitharaman on Saturday said the Union Budget 2025-26 will initiate reforms in six areas of taxation, urban development, mining, financial sector, power and regulatory framework. Presenting her eighth consecutive budget, she said the government’s development track record of the past 10 years and structural reforms have drawn global attention. A…
New Delhi: Finance Minister Nirmala Sitharaman on Saturday said the Union Budget 2025-26 continues efforts to accelerate growth and provide inclusive development. Presenting the 14th consecutive Budget under the Narendra Modi government since 2014, Sitharaman said, “Together we embark on journey to unlock our potential for greater prosperity.” She asserted that the Indian economy is…
Mumbai: Benchmark indices Sensex and Nifty rallied in opening trade on Saturday ahead of the Union Budget presentation. The 30-share BSE benchmark Sensex climbed 136.44 points to 77,637.01 in opening trade. The NSE Nifty went up by 20.2 points to 23,528.60. From the 30-share blue-chip pack, ITC Hotels, IndusInd Bank, Mahindra & Mahindra, Sun Pharma,…
NEW DELHI: Finance Minister Nirmala Sitharaman on Saturday will present her eighth consecutive Budget, which she will deliver from a digital tablet enclosed in a traditional ‘bahi-khata’ style pouch. Sitharaman, India’s first full-time woman Finance Minister, broke away from the colonial tradition of carrying a Budget briefcase in July 2019, opting instead for a traditional…
New Delhi: Taxpayers, particularly lower middle tax, may likely get relief in Finance Minister Nirmala Sitharaman’s Budget on Saturday as the Narendra Modi government looks to boost consumption to spur a shuttering economy, Deloitte India economist Rumki Majumdar said. She saw the finance minister giving relief to taxpayers who have opted for the new tax…
New Delhi: A cut or tweak in income tax rates/slabs to ease the burden of the middle class struggling with high prices and stagnant wage growth is widely expected in Finance Minister Nirmala Sitharaman’s record-setting eighth consecutive Budget. The Budget for the fiscal year starting April 1 is expected to contain measures to shore up…
New Delhi: India Inc on Friday hailed the Economic Survey saying it expects a stable macroeconomic environment and looks forward to rationalisation of the tax structure in the Budget to drive consumption through higher disposable income. Most industry experts agreed with the survey’s economic growth projection for India ranging from 6.3-6.8 percent for 2025-26, anticipating…
