Global News for You – Top News – Current News
India’s decision to exempt import duties on 35 capital goods used in the manufacture of electric vehicle (EV) batteries and 28 items used in the making of mobile phone batteries is a welcome step toward boosting domestic manufacturing and clean technology adoption. Proposed by Finance Minister Nirmala Sitharaman in the Union Budget 2025-26 and formalised…
Only a fraction of the envisaged allocations was actually spent on justice-related schemes The Central government has consistently reduced budget allocations to certain justice-related schemes and projects since 2019, shows the recently released India Justice Report 2025-26. Data also show that not only have allocations reduced, but also, only a fraction of the envisaged allocations…
Only a fraction of the envisaged allocations was actually spent on justice-related schemes The Central government has consistently reduced budget allocations to certain justice-related schemes and projects since 2019, shows the recently released India Justice Report 2025-26. Data also show that not only have allocations reduced, but also, only a fraction of the envisaged allocations…
Union Finance Minister Nirmala Sitharaman speaks to the media after a Post-Budget interaction, in Mumbai on Monday. Union Minister of State for Finance Pankaj Chaudhary is also present | Photo Credit: ANI Foreign Institutional Investment (FII) outflows from India’s equity markets show that investors are booking profits, indicating investments in India are yielding good returns,…
Union Finance Minister Nirmala Sitharaman speaks to the media after a Post-Budget interaction, in Mumbai on Monday. Union Minister of State for Finance Pankaj Chaudhary is also present | Photo Credit: ANI Foreign Institutional Investment (FII) outflows from India’s equity markets show that investors are booking profits, indicating investments in India are yielding good returns,…
Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the Budget session of Parliament, in New Delhi, on February 11, 2025. | Photo Credit: PTI The Government is using almost the entire borrowing in 2025-26 towards financing capital expenditure, Finance Minister Nirmala Sitharaman said on Tuesday (February 11, 2025) She said the effective…
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…
Trinamool Congress MP Abhishek Banerjee, Samajwadi Party MP Akhilesh Yadav, party MPs Dharmendra Yadav, Dimple Yadav and Anand Bhadauriya in the Lok Sabha during the Budget Session, in New Delhi on February 7, 2025. | Photo Credit: ANI/Sansad TV Terming the Union Budget “pro-rich”, Opposition members in the Lok Sabha on Friday (February 7, 2025)…
Photo used for illustration purpose only. | Photo Credit: Getty Images/iStockphoto The recent Union Budget announcement provided custom duty waiver to 36 exorbitantly priced cancer and rare diseases drugs, but patient advocacy groups highlight that the tax cut doesn’t tackle the underlying problem of high prices due to patent monopolies that block local production and offer very little to ease…
The Union Budget 2025-26 is in line with the government’s sustained efforts over the past few years to bolster economic growth and development. The provisions of the Budget indicate the continuation of the government’s strategic approach toward economic expansion, fiscal prudence, and sectoral growth. The multiplier effects of the IT cuts One of announcements in…
