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In its first full Budget on July 23, 2024, the re-elected govt had announced a revamp of the Income-Tax Act to make it simpler and easier to understand. This exercise has commenced, and with Budget 2025 almost here, businesses are expecting simplification of the tax deduction at source (TDS) provisions as part of the Budget…
Carpooling at Cognizant in Siruseri, Chennai on August 29, 2018. IT majors lead the way in carpooling. sRide and Quick Ride among several carpooling apps cater to the corporate sector in India. | Photo Credit: The Hindu The Economic Survey 2024-2025 tabled in the Lok Sabha on Friday (January 31, 2025), stated that carpooling could reduce 380 million litres…
An anti-smog gun sprinkles water in New Delhi. File | Photo Credit: The Hindu Focusing on climate adaptation as a key goal, the government in the 2024-25 Economic Survey, tabled in Parliament on Friday (January 31, 2025) said that India will need to continue “efforts to maximise the efficiency of its existing fossil fuel resources…
Budget 2025: The Union Budget is a crucial document that lays the roadmap for the economy and its various sectors for the upcoming fiscal year. As Finance Minister Nirmala Sitharaman will present the Budget 2025 on Saturday at 11 am, experts anticipate that the government will focus on AI-driven initiatives. They suggest that Budget 2025…
Drafting the Union Budget is an extensive and collaborative process. As Finance Minister Nirmala Sitharaman prepares to present her eighth consecutive Budget on February 1, the stakes are high. With a projected 6.4 per cent growth rate and persistent inflation concerns, the 2025-26 Budget will need to balance economic progress with fiscal stability. Ms Sitharaman…
The Indian economy is going through a rough patch as was evident from the recently released provisional estimates of its Gross Domestic Product (GDP). The underlying growth rate is lower than what was expected and estimated by the government earlier. What is surprising is that, as noted in the last Economic Survey, this slowdown is…
Union Finance Minister Nirmala Sitharaman | Photo Credit: PTI Finance Minister Nirmala Sitharaman will present the Union Budget for the upcoming year on Saturday, February 1, 2025. The first part of the Budget session will begin on January 31 and conclude on February 13, 2025. The second part will begin on March 10 and end…
New Delhi: Freebies are desirable but there has got to be restraint as they are an enormous fiscal burden, former Reserve Bank of India (RBI) governor Subba Rao Duvvuri told NDTV ahead of the first full Union Budget of the National Democratic Alliance’s (NDA) third consecutive term. Subba Rao, who served as RBI chief for…
With Finance Minister Nirmala Sitharaman set to present the Union Budget 2025 on February 1, the country is closely watching how it will impact the rupee, which has been under pressure in recent months. Industry leaders have raised concerns over the currency’s decline to record lows against the US dollar and have called for strategic…
The NDA 3.0 government must use its enormous political capital to implement ‘politically difficult’ structural reforms in the upcoming budget to promote growth and job creation, former RBI Governor D. Subbarao said on Thursday (January 23, 2025). The Union Budget for 2025-26, to be presented by Finance Minister Nirmala Sitharaman on February 1, comes amid…
