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Students eat their lunch under the mid-day meal scheme in Vijayawada. | Photo Credit: The Hindu The Budget speech mentions six principles of ‘Viksit Bharat’: zero-poverty, quality education, comprehensive healthcare, meaningful employment, inclusion of women in economic activities, and farmers’ well being. This is followed by 10 broad areas that the proposed development measures span….
Of every ₹100 that the Union government collects as tax, ₹10-11 is collected as cesses and surcharges, a trend unchanged since the pandemic year 2020-21. Also, the government spends ₹1-2 in collecting every ₹100 of tax; this is called the cost of collection. The amount collected as cesses and surcharges, along with the cost of…
The middle class has long been seeking income tax relief. Until now, tax benefits were primarily targeted at the lower segments of the income pyramid, while those in the middle and upper tiers of the middle class remained outside the scope of any significant relief. In fact, their tax burden increased due to changes in…
New Delhi: People Group and Shaadi.com founder Anupam Mittal praised the Union Budget’s provision to not tax salaried individuals earning up to Rs 12.75 lakh, calling it a “systemic correction”. The Shark Tank India investor said previous Budgets reduced middle class professionals to a “punching bag”, where individuals were “taxed at every turn, squeezed for…
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. The Finance Minister had announced a Prime Minister’s Package of five schemes and initiatives to facilitate job and internship opportunities for 4.1 crore youth over a five-year period…
New Delhi: Amid the Opposition’s charge that Budget 2025 had ignored Kerala, Union Minister George Kurian has said the southern state must declare that it is backward if it wants more funds from the Centre. The remark has intensified the row and the ruling Left has said the minister’s statement reflects the Centre’s “anti-Kerala” stand….
New Delhi: As campaigning for the February 5 election in Delhi enters its last leg, Prime Minister Narendra Modi today pointed to Budget 2025 and played up the proposals for Bihar and the income tax relief to the middle class. Addressing a rally in south Delhi’s RK Puram, the Prime Minister said this Budget was…
Prime Minister Narendra Modi addresses a rally in R.K. Puram, Delhi on February 2, 2025. Photo: Screenshot from X/@narendramodi Prime Minister Narendra Modi, addressing his final rally on Sunday (February 2, 2025) ahead of the Delhi Assembly elections, said that only the BJP respects the middle class of the country and the Union Budget presented…
New Delhi: Countering the Opposition’s charge that the Centre has extended big Budget gifts to Bihar with an eye on the upcoming Assembly polls, Finance Minister Nirmala Sitharaman has questioned if a state with such a high population density and rich history does not deserve a good international airport. The Finance Minister spoke to NDTV’s…
Aaditya Thackeray. File | Photo Credit: ANI The Opposition parties in Maharashtra slammed the Union Budget presented by Finance Minister Nirmala Sitharaman as ‘Bihar budget’. While the Nationalist Congress Party (NCP), the Congress and the Shiv Sena UBT hit out at the Budget for open favouritism, the State Bharatiya Janata Party (BJP) and its governing…
