Page 30 - Latest Updates on Nirmala Sitharaman
Noble intentions, but questions remain: Budget's allocations fall short
This was an opportune moment to get rid of the old tax system entirely and move fully to the new one. A broad-based, low-rated, and less differentiated tax structure is the need of the hour
 "Noble intentions, but questions remain: Budget's allocations fall short")
Budget updates: Diya Kumari terms Union Budget as 'game changer,' Gehlot criticises lack of relief
New tax regime updates: Under the new system, taxpayers will not have to pay any income tax on earnings up to Rs 12 lakh per annum
Of tax relief, transparency and promises: A Budget focused on clarity
The regret about this Budget is that it once again shies away from renewing its commitment to strategic disinvestment
 "Of tax relief, transparency and promises: A Budget focused on clarity")
Budget 2025: FM cuts customs duty on 40 items to boost manufacturing
After a comprehensive review of the customs rate structure, the government has decided to remove seven tariff rates
 "Budget 2025: FM cuts customs duty on 40 items to boost manufacturing")
Betting on the middle class: Budget fuels growth with consumption boost
While public capex has been retained at its elevated level, it appears that the finance ministry believes that without a more direct push to household demand, growth will subside to unacceptable level
 "Betting on the middle class: Budget fuels growth with consumption boost")
Budget: Bihar gets the lion's share; tax relief with eye on middle class
The projects for Bihar in Budget 2025-26 add to the Rs 59,000 cr that the FM allocated to the state in July
 "Budget: Bihar gets the lion's share; tax relief with eye on middle class")
Budget 2025: Defence allocation sees marginal rise at 1.9% of GDP
It is unclear at the moment what portions of this year's capital budget the three services will receive, because the breakup is no longer separately marked in public documents
 "Budget 2025: Defence allocation sees marginal rise at 1.9% of GDP")
Budget 2025: FM promises intervention in 100 districts to boost crop yields
Credit limit on KCC raised to Rs 5 lakh; farm Budget at Rs 1.71 trn, 22% more than FY25RE
Budget 2025: FM takes 'transformative reforms' route to boost growth
The Budget proposed setting up a high-level committee for regulatory reforms to review all non-financial sector regulations, certifications, licences, and permissions
 "Budget 2025: FM takes 'transformative reforms' route to boost growth")
More disposable income in hands: TDS threshold for senior citizens doubled
Taxpayers can now file updated returns for four years instead of the previous two
 "More disposable income in hands: TDS threshold for senior citizens doubled")
Budget 2025: Tax-free income limit under new regime rises to Rs 12 lakh
Old tax system remains unchanged
 "Budget 2025: Tax-free income limit under new regime rises to Rs 12 lakh")
Budget 2025: FM Sitharaman doles out gifts to boost activity at IFSC
Tax concessions extended till 2030; sops for relocation of MFs, ETFs, boost ODI issuance
 "Budget 2025: FM Sitharaman doles out gifts to boost activity at IFSC")
Budget 2025: Centre sets capex goal for FY26 at Rs 11.21 trillion
The government had set a Budget Estimate (BE) for capex at Rs 11.11 trillion for FY25, against which it is expected to miss the target by Rs 93,000 crore
 "Budget 2025: Centre sets capex goal for FY26 at Rs 11.21 trillion")
Budget 2025: Relief on 2 self-occupied properties, without riders
Annual limit of Rs 2.4 lakh for TDS on rent increased to Rs 6 lakh
 "Budget 2025: Relief on 2 self-occupied properties, without riders")
Tech leaders, startup founders, investors welcome Budget 2025-26
The Budget announced a new Fund of Funds (FoF) with an expanded scope of Rs 10,000 crore
 "Tech leaders, startup founders, investors welcome Budget 2025-26")
Budget proposes focused scheme for footwear industry, to create 2.2 mn jobs
Scheme to support design capacity, component manufacturing, and machinery for producing non-leather 'quality footwear'
 "Budget proposes focused scheme for footwear industry, to create 2.2 mn jobs")
FM Sitharaman announces National Geospatial Mission, allocates Rs 100 cr
The announcement of the mission was welcomed by the geospatial industry that said it would be crucial for building smarter cities, with data-driven insights
Govt to form panel for regulatory reforms: FM in Union Budget speech
The objective is to strengthen trust-based economic governance and take transformational measures to enhance ease of doing business, especially in matters of inspections and compliances
 "Govt to form panel for regulatory reforms: FM in Union Budget speech")
Budget 2025-26: Cotton Mission gets a boost to improve productivity
The budget allocation for the textile sector saw a steep increase from the FY24-25 revised figure of Rs 3,342 crore to Rs 5,252 crore
 "Budget 2025-26: Cotton Mission gets a boost to improve productivity")
Inclusive Budget to create jobs, boost agriculture and MSME growth
Given the importance of logistics, mobility and tourism for the economy, the government has further announced 120 new destinations under the UDAN scheme and 50 new tourist destinations
 "Inclusive Budget to create jobs, boost agriculture and MSME growth")