To facilitate credit accessibility, Union Finance Minister Nirmala Sitharaman introduced a customised credit card scheme for micro enterprises registered on the Udyam portal
Sitharaman spoke on issues ranging from the theme of the Budget to income tax relief and challenging geopolitical environment
The land for building key infrastructure in these destinations will be provided by states
"The Prime Minister decided that we need to recognise the taxpayers and their contribution, and if there's a way in which we can reward them, we should. Yes, it will lead to consumption"
Union budget 2025-26 Live Updates: Modi govt has made some big announcements including changes in the new tax regime with taxpayers not having to pay any income tax on earnings up to Rs 12 lpa
The finance minister said the prime minister meets and listens to the voice of people from different sectors and industry leaders and responds to their needs
FM Sitharaman targets FY26 fiscal deficit at 4.4% of GDP
Moody's Ratings on Saturday ruled out an immediate upgrade of India's sovereign rating despite the government's efforts to manage its finances prudently
Indian rupee has been under pressure in the last few months but it continues to be the least volatile currency against the US dollar among its Asian and global peers
In her post Budget press conference, Nirmala Sitharaman said that an additional one crore taxpayers will pay no tax post her announcement. Here's how
Sitharaman has heeded the counsel of her advisers and announced a high-level committee for a review of all non-financial sector regulations, certifications, licenses, and permissions
Our Editorial comment and columnists dissect the Union Budget 2025 to see what makes it tick, and what doesn't
FM announced significant income tax cuts for the middle class and unveiled a blueprint for next generation
Currently, over 1 crore registered MSMEs, employing 7.5 crore people and generating 36 per cent of our manufacturing, have come together to position India as a global manufacturing hub
The FM announced income tax relief for middle-class households to the tune of $12 billion (0.3 per cent of GDP), which is expected to give a significant boost to urban consumption and savings
The six-year roadmap until FY31 aims to bring down the debt-to-GDP ratio to a range of 47.5-52 per cent from 57.1 per cent in FY25
The Finance Minister has also been cognizant of the need to undertake regulatory reforms that are needed to ensure that the economy does not get bogged down and steams ahead
We continue to place emphasis on the multiplier effect that capital expenditure done by the government has shown, said FM Sitharaman
The minister had previously announced in July last year that a comprehensive review of the Income Tax Act of 1961 would be completed within six months
By providing an effective tax cut of Rs 1 trillion to the middle class, the FM will improve consumer confidence and boost consumption