Page 35 - Latest Updates on Budget 2025-26

Budget 2025: SEA urges govt to regulate import of refined edible oils

Industry body SEA on Tuesday urged the government to regulate import of refined edible oils, restrict duty-free inbound shipments of finished products like soaps and noodles, and impose 5 per cent GST on de-oiled rice bran. In its pre-budget memorandum submitted to Finance Minister Nirmala Sitharaman, Solvent Extractors Association of India (SEA) emphasised the need to launch the 'National Mission on Edible Oils' (NMEO) with increased financial support to boost oilseeds production and reduce import dependency. The NMEO needs to be implemented with a minimum outlay of Rs 25,000 crore for the next five years against the present Rs 10,000 crore to reduce the country's dependence on imported oils to 25-30 per cent by 2029-30 from the current level of 65 per cent, it said. "We need to invest heavily on MSP support, farmer education, seeds, agri practices and machinery, soil weather forecasting and storage, along with modernisation of processing industry," SEA added. Expressing concern o

Budget 2025: How does the new income tax slab differ from the old regime?

In Budget 2025, Finance Minister Nirmala Sitharaman is expected to retain the dual tax system, offering taxpayers the choice between the simplified new regime with lower rates & older one with deducti

Union Budget 2025 expectations highlights: Finance sector calls for investments on infra for growth

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

Budget 2025: Food, fertiliser, direct, indirect, interest subsidies decoded

All you need to know about government subsidies and what to expect in the upcoming Union Budget 2025, scheduled to be tabled on February 1 by Finance Minister Nirmala Sitharaman

Analysts rule out pre-budget market rally; Trump, Q3FY25 earnings in focus

According to Morgan Stanley, markets seem to be approaching the budget with skepticism and could be dealing with both volatility and upside risk post budget.

Will Budget 2025 signal bold decisions for the agriculture sector?

Critics say that so far, the Modi government, in its third term, has resisted from making any bold or path-breaking initiatives for the farm sector

Budget 2025: Govt's third shot at tax reform shouldn't miss the target

Nearly 47 million, or 63 per cent of those who did file returns last year, paid nothing

Budget 2025: What is Direct Tax Code and will it replace Income Tax Act?

The Direct Tax Code is expected to be introduced in Budget 2025 and implemented gradually thereafter. The government is following a consultative process to ensure smooth implementation.

Budget 2025: Balancing reforms and fiscal consolidation to revive growth

The two key questions are: What is the diagnosis of the economic slowdown? And what can the Budget do to address it?

Budget 2025: Telcos bat for cut in levies, LTGs contribution in USO fund

The telecom services industry has batted for the abolition of levies and extension of carry forward of business losses to 16 years in its Budget wishlist, and argued that large traffic generators (LTG) should contribute to USO Fund/Digital Bharat Nidhi Fund. It has pitched for a cut in licence fee, and suggested that the definition of gross revenue (GR) be made more precise by stipulating that the revenue from activities that requires no licence, would not be a part of it. The suggestions are aimed at enhancing the financial stability of the telecom sector, COAI said in its recommendations. "Considering the huge capital that Telecom Service Providers (TSPs) have to invest in the current scenario, especially for the deployment of 5G, COAI recommends that the Universal Service Obligation Fund (USOF) levy be abolished. Alternatively, the government may consider the suspension of the USO contribution of 5 per cent of AGR, till the existing USO corpus of over Rs 86,000 crore is exhausted

Govt likely to shift focus to railways from road transport in infra push

Govt has ramped up infrastructure spending, particularly on the road network, since the pandemic to drive economic growth, but execution challenges could see the focus shift to the railways

Budget should focus on mix of fiscal consolidation, boost to capex: Ind-Ra

India Ratings and Research (Ind-Ra) on Monday said the FY26 Budget should focus on a mix of fiscal consolidation roadmap, while boosting consumption demand, and capex spending. The Centre in the FY22 Union Budget had provided a fiscal consolidation glide path till FY26 according to which the fiscal deficit will be brought down to 4.5 per cent of the GDP. "By adhering to the outlined targets, it builds up fiscal credibility which is important for various stakeholders especially investors in gauging the fiscal health of the economy. It also helps in curtailing inflation which has been sticky during FY24-FY25. "This is one of the reasons for weak consumption demand in the economy which has kept private investments in wait-and-watch mode. Thus, measures to stimulate consumption demand in the economy through income tax relief may be announced in the forthcoming budget," Ind-Ra said. Against the backdrop of the past three quarters of growth slowdown, Ind-Ra expects the FY26 Union Budget

Union Budget 2025 expectations highlights: Budget should focus on infra spending, says MPC member

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

Budget 2025: Banks expect incentives to boost deposit mobilisation

The Indian Banking Association has asked for certain tax rebates on the savings account in order to nudge customers to retain funds in this account

Budget Pulse: What’s inside the Union Budget?

The Union Budget 2025 is just around the corner. What does the Budget include? Watch the video to know in simple terms.

Budget 2025: Govt plans NPS reforms to boost pension cover for gig workers

The government may hike the minimum pension amount under Atal Pension Yojana in the upcoming Union Budget to attract informal sector workers

Will Budget 2025 extend benefits like social security to gig workers?

The number of gig workers in India are expected to grow to 23.5 million by the end of 2029-30 from around 7.7 million in 2020-21

Budget 2025: Decoding tax and non-tax revenue and why they matter

As the Union Budget 2025 approaches, it is crucial to understand how the government earns its revenue from taxes and non-tax sources. Here's a breakdown

Union Budget 2025: What is LTCG and STCG

The July Union Budget introduced significant changes to LTCG and STCG taxes, and with Union Budget 2025 approaching, it’s time to revisit what they mean. Watch the video for more.

Will Budget 2025 kickstart Indian manufacturing, drive GDP growth?

Focus on the manufacturing sector was among the primary suggestions made to the Finance Minister Nirmala Sitharaman during the pre-Budget consultations by a group of economists