The FDI limit in insurance is now 100 per cent, as long as companies reinvest the full premium in India. This is a major boost for global players looking to expand, said IGF Founder Manoj Ladwa
The budget favours the middle class by giving tax exemptions for income up to Rs 12 lakh a year. MSME, agriculture and manufacturing sector get importance
India's economic growth is expected to slow to a four-year low this fiscal year due to weak demand, particularly in urban areas where the cost of living has soared
The focus on uplifting 17 million farmers in 100 weakest farming districts is a step towards ensuring equitable development across the country
The Budget 2025-26 allocated Rs 574.80 crore for Census, a significant reduction from the Budget 2021-22 when Rs 3,768 crore was allocated
The budget introduced major economic reforms that will enhance 'Ease of Doing Business', expand access to finance for MSMEs, startups, and entrepreneurs, and foster a strong investment environment
The allocation marked a substantial rise from the revised estimates of Rs 29,916 crore for 2024-25 for the department
The limit will rise from the current Rs 40,000 to Rs 50,000 per financial year starting April 1, 2025
Union Finance Minister Nirmala Sitharaman has allocated Rs 41,000.07 crore to Jammu and Kashmir, which became a union territory after the abrogation of Article 370 in August 2019
The Treasury Benches erupted with joy when the restructuring in income-tax slabs was announced, breaking spontaneously into chants of "Modi, Modi"
Sai said revolutionary decisions have been taken in the health sector too, including setting up 200 day care cancer centres across the country and exempting 36 life-saving drugs from tax
Budget 2025 Highlights: This budget is an excellent Budget, addressing the current challenges and also the upcoming opportunities
Union Finance Minister Nirmala Sitharaman tabled record eighth Union Budget in Lok Sabha on Saturday
This is a 35.75 per cent rise in allocation over the revised estimate for the Department of Social Justice and Empowerment in 2024-25, which stood at Rs 10,026.40 crore
The Indian government said people earning up to 1.28 million rupees ($14,791.53) per year will not have to pay any taxes, raising its threshold from 700,000 rupees
Public spending on capital expenditure remains a priority due to its strong multiplier effect on economic growth, Finance Minister Nirmala Sitharaman said at the post-Budget press briefing
In current financial year, receipts from dividend/surplus of RBI, nationalised banks and financial institutions are estimated at Rs 2.34 trillion, about Rs 1,410 crore higher than previous estimates
Says the budget is forward looking and will definitely make India the third largest economy by 2030
The legislative department in the law ministry is the nodal agency for the Election Commission (EC), polls, electoral laws and appointment of members to the poll panel
Under PMAAGY, funds are provided to states and union territories with Scheduled Tribe (ST) populations to improve education, healthcare, agriculture, skill development and employment opportunities