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Finance minister Nirmala Sitharaman (PTI photo) NEW DELHI: Opposition parties called the Union Budget a disappointment as especially for states ruled by parties which were not part of the ruling NDA.Asserting that the government has no new ideas, Congress said finance minister Nirmala Sitharaman is walking on the “worn-out path” and is not willing to…
The government has allocated ₹99,858.56 crore for the Union Health Ministry in the Union Budget 2025-26 — ₹95,957.87 crore for the Department of Health and Family Welfare and ₹3,900.69 crore for the Department of Health Research. It is an increase from ₹89,974.12 crore allocated in the Budget (revised estimates) of 2024-2025. The government has announced…
The allocation for the Indian Coast Guard (ICG) saw a significant jump year on year, 26.5% overall and even higher 43% in the capital budget. | Photo Credit: The Hindu The capital allocation for the Defence Ministry saw a meagre 4.65% increase to ₹1.8 lakh crore from the previous estimates, important considering the inflation and…
New Delhi: The Narendra Modi government 3.0 has continued the focus on income tax relief for the salaried class initiated by the NDA government in 2014, breaking away from the UPA’s practice of offering small doses of tax savings to the middle class. The Union Budget 2025-26 presented by Union Minister for Finance and Corporate…
For the manufacturing industries and MSMEs, cobalt powder and waste, scrap of lithium ion batteries, lead, zinc, and 12 more critical minerals will be added to the list announced in the Budget last July for complete BCD exemption. | Photo Credit: Getty Images/iStockphoto Union Finance Minister Nirmala Sitharaman announced measures in the Budget to rationalise…
Opposition MPs stage a walkout during the presentation of the Union Budget 2025-26 in the Lok Sabha, in New Delhi on Saturday, February 1, 2025. | Photo Credit: PTI via Sansad TV In the Budget session of the Parliament, Opposition parties walked out of Lok Sabha in protest on Saturday (February 1, 2025), after their…
Finance Minister Nirmala Sitharaman today will present a record eighth consecutive Union Budget that is expected to contain measures to shore up weakening economic growth and ease the burden on the middle class struggling with high prices and stagnant wage growth while being fiscally prudent. This will take Ms. Sitharaman closer to the record of…
Prime Minister Narendra Modi addresses the media on the first day of the Budget session of Parliament, in New Delhi on Friday (January 31, 2025. | Photo Credit: PTI Ahead of Parliament’s Budget session, Prime Minister Narendra Modi said on Friday (January 31, 2025) that it is the first time since 2014 that no attempt…
Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Women’s organisations and civil society members feel that increasing female workforce participation through employment-linked incentives, flexible work hours, and providing supportive infrastructure, including work site creches, should be a priority of the government in the upcoming Union budget. Even as the women’s groups lauded…
The National Statistics Office (NSO) has confirmed emerging fears about the economy’s evidently sluggish trajectory through this year in its first Gross Domestic Product (GDP) estimates for 2024-25. While the election-focused first quarter hit public capital spending, the second quarter (Q2) was marred by weak demand and still underwhelming public capex, dragging GDP growth to…
