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Budget 2025 round-up: A bonanza for the middle class Ahead of the Budget, there was an expectation that the government would provide some relief for the middle class, which has been stuck in a rut lately. FM Nirmala Sitharaman delivered a big announcement for this class — in her Budget speech, she announced that…
The industry bodies in Karnataka have welcomed the Union Budget presented on Saturday and particularly lauded its focus on small industries. The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) commended the Budget for its “pragmatic and forward-looking approach towards industry, trade, and MSMEs.” M.G. Balakrishna, FKCCI president, said that the budget provides a…
In a key new initiative, 50,000 Atal Tinkering Labs will be set up in government schools “to cultivate the spirit of curiosity and innovation, and foster a scientific temper among young minds”. | Photo Credit: G.N. Rao The 2025-26 Union Budget’s education-related announcements largely pertained to high-end capabilities. In addition to Centres of Excellence on…
New Delhi: The Rural Development Ministry has been allocated Rs 1.88 lakh crore in the Union Budget for 2025-26, around 5.75 per cent more than the allocation in the previous budget. According to the budget proposals made by Finance Minister Nirmala Sitharaman on Saturday, the Rural Development Ministry has been earmarked Rs 1,77,566.19 crore against…
New Delhi: The Centre has earmarked Rs 5 crore in the 2025-26 budget for providing financial assistance to the prisoners who languish in jail because they could not afford their bail money. Under the ‘Model Prisons and Correctional Services Act’ 2023, State Legal Services Authorities have established Legal Service Clinics in jails to provide free…
Finance Minister Nirmala Sitharaman presented her eighth consecutive budget today in the Parliament. The government has announced major reforms, including a no-tax burden on up to Rs 12 lakh annual income, except special income. Along with reforms and boosts for startups and MSMEs, the Centre’s defence outlay has also witnessed a hike compared to the…
New Delhi: Congress MP Shashi Tharoor on Saturday reacted to the Union Budget presented by Finance Minister Nirmala Sitharaman, questioning what would happen to those who are not employed. Mr Tharoor’s statements were in response to the revised tax slabs and rates under the new regime. “I think, frankly, the applause you heard from the…
New Delhi: The government today cut personal income tax rates for some sections of taxpayers in a bid to boost consumption. Currently, under the system introduced in 2020, annual income of up to Rs 15 lakh is taxed at a rate between 5 per 20 per cent, while income of more than Rs 15 lakh…
New Delhi: Finance Minister Nirmala Sitharaman on Saturday announced a fresh Rs 15,000 crore ‘SWAMIH Fund’ for completion of 1 lakh units in stalled housing projects, a move aimed at providing relief to homebuyers whose investments are stuck. In November 2019, the Centre announced a stress fund named ‘Special Window for Affordable and Mid-Income Housing’…
New Delhi: The highlight of Finance Minister Nirmala Sitharaman’s eighth consecutive Budget is the relief to middle-class taxpayers from the salaried class. But the Budget speech, which also announced revised tax slabs, has left many confused over the relief they will be getting. NDTV answers taxpayers’ big Budget questions What Are The New Tax Slabs?…
