Page 249 - Economy

Income tax relief to boost demand, drive investment: DEA Secretary

The Economic Survey projected a growth rate of 6.3-6.8 per cent for 2025-26 on the back of a strong external account, calibrated fiscal consolidation and stable private consumption

Mansukh Mandaviya praises Budget's social security steps for gig workers

Lauding the decision, Mandaviya, hailed the government's commitment to ensuring the well-being of over one crore gig workers across the country

I-T relief fuels consumption Budget: FM focuses on agri, MSMEs, exports

FM Sitharaman targets FY26 fiscal deficit at 4.4% of GDP

FM cites India's fiscal discipline as key to Moody's unchanged ratings

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

Budget 2025: Govt plans to reduce debt-to-GDP ratio to 47.5-52% by FY31

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

New Income Tax Bill to be introduced next week, says 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

Charting a new growth path: Budget pushes gender budgeting to 8.9% in FY26

A new scheme will support 500,000 women, SC, and ST first-time entrepreneurs with term loans of up to Rs 2 crore during the next five years

Jobs & security: Gig workers to skilling, Union Budget's broad strokes

"The partnerships will cover curriculum design, training of trainers, a skills certification framework, and periodic reviews," Sitharaman said

Charting a new growth path: Budget projects non-tax streams poised to rise

Except in FY18 and FY19, receipts from disinvestment have remained well below the Budget targets

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

Good steps forward: Nasscom hails Budget's focus on improving ease of biz

Nasscom President Rajesh Nambiar said the government's focus on innovation and improving ease of doing businesses reinforces its commitment of making India a global leader

FM announces Rs 25K cr Maritime Development Fund to boost shipping

Sitharaman announces shipbreaking credit note scheme, Maritime Development Fund

Budget neglects challenges facing Indian economy, say Left parties

The Left party pointed out that the budget papers reveal that in the last one year, the government actually spent approximately Rs 1 trillion less than what the budget had promised

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 share selected data, maps from PM Gati Shakti with pvt sector: FM

By the use of this platform, the DPRs are getting ready in 2-3 months (including ground truthing). Earlier it used to take 6-8 months through simultaneous visualisation of all relevant details

Budget push for nuclear energy to cut traditional power dependence: Govt

In her budget speech, Union Finance Minister Nirmala Sitharaman made a slew of announcements on segments like taxes, infrastructure and nuclear energy, among others

Budget: Govt ups allocation for Ayush ministry by 14% to Rs 3,992.90 crore

The National Medicinal Plants Board has been allocated Rs 18.59 crore while the Pharmacopoeia Commission for Indian Medicine and Homoeopathy (PCIM&H) has been allocated Rs 21.96 cr.

Gross GST revenue rises 12.3% to about Rs 1.96 trn in January: Govt data

For the previous month, India's GST collections rose 7.3 per cent to Rs 1.77 trillion

Budget 2025 announcements 'bold', will boost consumption: Assocham

Assocham President Nayar said that pick up in consumption demand would, in turn, encourage investment as well in the medium term

Track and Trace Mechanism to aid in curbing illicit trade: Tobacco industry

The industry, on the basis of the current duty rates, estimates that the illicit trade results in an annual revenue loss of Rs 21,000 crore to the government