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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,…
A view of the Parliament building in New Delhi. File | Photo Credit: The Hindu Lok Sabha has been allocated ₹903 crore in the Union Budget, more than double the amount given to the Rajya Sabha. A sizeable allocation — ₹558.81 crore of the total ₹903 crore — has been assigned to the Lok Sabha…
Congress leader Jairam Ramesh. File | Photo Credit: PTI The government has only committed to “half-hearted” steps of registering gig workers on e-SHRAM and including them under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, the Congress said on Sunday (February 2, 2025) and asserted that India needs a national legal and social security architecture…
The Union Budget 2025-26 earmarked ₹6.81 lakh crore — or 13.4% of total Central government expenditure — for the Ministry of Defence (MoD). Of the MoD’s total budget, ₹4.92 lakh crore, or 72%, is meant for the Defence Services (primarily the Army, Navy, Air Force and the Defence Research and Development Organisation). About ₹1.61 lakh…
This Budget is the first step to Viksit Bharat 2047. Economists have stated that unless the GDP grows by 7.5% continuously for the next 25 years, the dream of Viksit Bharat will remain unrealised, and India will remain in the middle-income trap. With the backdrop of slowing growth (FY 2025 growth expected at 6.4%), India…
R. Nandini, Chairperson, CII, Southern Region says announcements in the 2025 Budget embody the government’s vision of empowering the economy, creating jobs, and driving sustainable growth | Photo Credit: The Hindu Today’s Budget, announced by Union Finance Minister Nirmala Sitharaman, has received an overwhelmingly positive response from across the nation. Presenting her eighth consecutive Budget,…
Cover for all: The reform is about reshaping insurance landscape to ensure every individual, business can access risk protection | Photo Credit: Sushil Kumar Verma Finance Minister Nirmala Sitharaman on Saturday said the foreign direct investment (FDI) limit for the insurance sector will be raised from 74% to 100%. However, the “enhanced limit will be…
Union Fianance Minister Nirmala Sitharaman addresses the media on Budget at National Media Centre, in New Delhi on February 1, 2025 | Photo Credit: Sushil Kumar Verma Union Finance Minister Nirmala Sitharaman on Saturday (February 1, 2025) proposed several financial sector reforms to ease compliance, expand services, build robust regulatory environment, promote international and domestic…
Union Minister Ashwini Vaishnaw | Photo Credit: The HIndu The basic customs duty of 2.5% imposed on certain smartphone components has been scrapped, following a glide path recommended by the electronics manufacturing industry last year. Mobile phones are fast emerging as India’s top export commodity, reaching $15.6 billion last year. Slabs for components had been…
The Finance Minister said the total number of students in 23 IITs has increased 100% from 65,000 to 1.35 lakh in the past 10 years. A view of IIT Madras. File The Union Budget 2025-26 has increased the allocation for school and higher education and has announced Bharatiya Bhasha Pustak Scheme to provide digital-form Indian language…
