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Why the tax cuts are a one way gamble

A worker cleans the floor of a showroom during a presentation of the Union Budget 2025-26, in Mumbai, on February 1. | Photo Credit: PTI It would not be an exaggeration to say that this is the biggest tax cut that the middle class has ever got in any Union Budget. To be sure, the…

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Union Budget 2025: Tax cut meant to address ‘angst’ and to kickstart a slowing economy, says Finance Secretary

Union Finance Secretary Tuhin Kanta Pandey. | Photo Credit: The Hindu The Centre’s decision to significantly slash the income tax payer’s burden was aimed at addressing some “angst” that the government had noticed in recent months as well as to give a fillip to the economy’s weakening growth impulses with a broad-based boost to demand,…

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Budget focus firmly on employment generation: Labour Minster

 Labour Minister Mansukh Mandaviya  | Photo Credit: Special arrangement The Labour Ministry got its highest ever allocation in this year’s Union Budget and the increase in funding will help focus on the new employment generation scheme, Labour Minister Mansukh Mandaviya said on Sunday (February 2, 2025). The “record ₹32,646 crore” allocation is almost 80% higher…

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