Page 53 - Budget 2026 News

Union Budget 2025 expectations updates: Geospatial sector seeks funding for satellite tech

Union Budget 2025 highlights: Catch all the latest developments related to Union Budget 2025 here

Budget session's first part likely between January 31 and February 13

In line with the convention, the session will start with President Droupadi Murmu's address to a joint sitting of the Lok Sabha and Rajya Sabha on January 31

FY25 seafood exports cross Rs 60,000 cr, govt eyes duty cuts in Budget 2025

The government has proposed reducing the Basic Customs Duty on several key inputs for shrimp and fish feed production to 5%

Commerce dept seeks to extend 2 export schemes ahead of Union Budget

The commerce department is now seeking an additional allocation of Rs 1,600-1,700 crore, which will allow the government to drag the scheme till March 31

Union Budget 2025 expectations updates: Govt should target Rs 11 trillion capital spend, says ICRA

Union Budget 2025 Latest Updates: Catch all the latest developments related to Union Budget 2025 here

Steel ministry seeks $1.7 bn from budget to help mills cut emissions

Finance Minister Nirmala Sitharaman will present the federal budget for the 2025-26 fiscal year on February 1

Union Budget 2025 updates: Medtech industry calls for standard GST rate

Budget 2025: Catch all the latest developments related to Union Budget 2025 here

Union Budget 2025: Unchanged defence allocation, focus on reforms likely

India's defence budget as a share of GDP and the national budget has declined steadily year after year, reaching its lowest point since the 1960s, even as strategic challenges persist

Budget 2025: Tax sops, investments in new tech on Indian startups wishlist

Industry body Nasscom has also called for the Centre to set up a dedicated fund to enable early-stage investments into tech startups between Series A and B rounds of fundraising

Surpassing Japan, India to become 4th largest economy by 2026: PHDCCI

PHDCCI said that 30 per cent income tax limit should be applicable to individuals earning more than Rs 40 lakh, whereas the income tax exemption limit should be increased to Rs 10 lakh

Govt should aim Rs 11 trn capex, give relief to taxpayers in Budget: ICRA

ICRA forecasts a fiscal deficit, which is the difference between government expenditure and revenues, at 4.8 per cent of GDP in the current fiscal and 4.5 per cent in FY26

Income tax rate on affordable housing projects be lower at 15%: CREDAI

CREDAI has expressed serious concern over falling share of affordable housing segment in total fresh supply in the past few years

Budget may levy higher import duties to stem rupee slide: EY's Srivastava

On January 13, the rupee logged its steepest single-day fall in nearly two years and ended the session 66 paise down at its historic low of 86.70 against the US dollar

Medtech sector seeks standard GST rate, export incentives in Budget

The scheme aims to refund to exporters the embedded central, state, and local duties and taxes paid on inputs that were so far not refunded or rebated

Insurance industry seeks tax incentives, Insurance Act amendment in Budget

Considering the low penetration in the country, experts believe additional funding could provide vital support for the segment

Commerce ministry may seek 5-year extension of interest equalisation scheme

The scheme helps exporters from identified sectors and all MSME manufacturer exporters to avail of rupee export credit at competitive rates at a time when the global economy is facing headwinds

Govt likely to incentivise textiles in Budget as crisis hits B'desh exports

India's textile sector employs an estimated 45 million people and the government is considering increasing the textile ministry's budget allocation for 2025/26 by 10 per cent-15 per cent

Govt may forecast stronger growth next FY while sticking to fiscal targets

It is likely to forecast nominal economic growth of 10.3 per cent-10.5 per cent. That's higher than the forecast of 9.7 per cent for the current year

FinMin meet: MFI representatives seek lowering of asset qualification norms

In 2022, the RBI updated regulations for MFIs, which now apply to all entities in the sector, including banks, small finance banks, and non-banking financial companies (NBFCs)

Centre to simplify decades-old income tax filing rules in upcoming Budget

The changes involve simplifying the language and rationalizing information by using formulas and tables, and won't include any adjustments to tax rates and policy, the people said