Page 6 - Latest Updates on Budget 2025-26

Proposed TCS threshold hike on LRS expected to boost outbound travel

The revision, which will be effective from April 1, 2025, is expected to boost travel and foreign exchange segments, provide additional benefits to students, and improve tax compliance

Budget 2025-26: Govt may clarify transfer pricing changes in 3 months

Transfer pricing refers to the actual price charged in transactions between related entities within the same multinational firm

Stay selective in capital goods as sector faces slow growth environment

There was less activity and fewer project awards in roads, railways and water sectors in FY25

Tax relief move has reduced demand uncertainty: CEA V Anantha Nageswaran

Nageswaran says Budget gave a nudge to pvt sector investments

A new model: Revamping BIT calls for a fresh approach to boost FDI

With India facing consequences such as having its foreign assets seized as a result, government has essentially been defensive, including terminating BITs with some 75 countries between 2016 and 2021

States must raise tax devolution concerns with Finance Commission: FM

With southern states voicing concerns over 'unfair' tax money devolution, Finance Minister Nirmala Sitharaman has said the states have to engage and highlight their concerns with the 16th Finance Commission, whose recommendations will decide how the funds are divided. Population is one of the criteria used by Finance Commissions to decide how the tax revenues are divided. Southern states, which have managed to check the rise in population, feel they get a raw deal when compared to the northern states with much larger population growth. In an interview with PTI, Sitharaman said the central government does not decide on the devolution formula. The devolution of taxes is made in accordance with the recommendations of the Finance Commission and the aggrieved southern states should approach the panel for change in parameters. "It is for the states to engage with the Finance Commission to express their concerns about the parameters based on which the tax devolution principles are laid dow

Old tax regime vs new tax regime: How to choose and switch

As the Finance Minister presented the Union Budget 2025, taxpayers are left pondering: Old Tax Regime or New Tax Regime? Which one should one opt for? With changes to income tax slabs for FY26.

Budget's MSME, manufacturing push boosts paper sector; imports a concern

The Union Budget's focus on manufacturing and MSMEs is expected to boost demand for paper and packaging materials across multiple sectors and bodes well for the growth of the paper industry, a paper manufacturers' body said on Monday. The Indian Paper Manufacturers Association (IPMA) in a statement said the Union Budget lays a strong emphasis on boosting consumption, manufacturing and sustainability, which aligns well with the growth of the paper industry in India. The industry appreciates the government's continued focus on economic growth, which has a direct bearing on the demand for paper and packaging materials across multiple sectors, said IPMA President Pawan Agarwal. The Budget's thrust on the manufacturing sector, including MSMEs, will contribute to increased demand for paper-based packaging, an eco-friendly alternative to single-use plastic, it added. Policy incentives aimed at encouraging recycling, and the use of sustainable raw materials would further strengthen the Pa

Rahul slams Centre on jobs, China, economy in fiery Budget session speech

While he acknowledged that Prime Minister Narendra Modi tried to boost domestic manufacturing through 'Make in India' initiative, he quickly added that it failed to bring the desired outcome

Budget 2025: Strategic petroleum reserves see Rs 5,597 cr allocation boost

Petroleum Ministry gets funding to explore sedimentary basins for hydrocarbons

Bajaj Finance share rises 5%, hits record high post Budget 2025; here's why

In the past six trading days, Bajaj Finance share has soared 15 per cent. On January 30, 2025, the stock had surpassed its previous high of Rs 8,190 touched in October 2023

Budget 2025: Women, SC/STs entrepreneurs can now get up to Rs 2 crore loan

Finance Minister Nirmala Sitharaman presented the Budget 2025-2026 on February 1

Budget's focus on clean energy to push sector growth: RE industry

The renewable energy industry has hailed the Union Budget 2025-26, saying the focus on clean power, manufacturing, and sustainability will push the sector's growth. Union Finance Minister Nirmala Sitharaman presented her record eighth straight Union Budget in the Lok Sabha on Saturday. Vineet Mittal, Chairman of Avaada Group said strategic initiatives like global manufacturing clusters and clean tech advancements under National Manufacturing Mission will position India as a global industrial powerhouse. Sumant Sinha, Founder, Chairman & CEO, ReNew said the Rs 20,000 crore allocation for nuclear energy and proposed legislative reforms demonstrate a forward-thinking approach to energy security and decarbonization. Nikhil Sawhney, Managing Director, Triveni Turbines said, "We see these initiatives as a catalyst for innovation, sustainability, and self-reliance, reinforcing India's leadership in advanced energy solutions." Sharing his views, Abani Jha, CFO, Saatvik Green Energy said .

Budget 2025: All the latest tax rates and holding period for all assets

Unit Linked Insurance Plans (ULIPs) with annual premiums exceeding Rs 2.5 lakh will now be subject to long-term capital gains (LTCG) tax at a rate of 12.5%, effective from April 1, 2026

Budget 2025 boost, strong Q3 lift UPL share price 6% to 52-week high

UPL share price rose after a rating upgrade by Investec, which revised the stock's outlook to 'Buy' from 'Sell', alongside a strong performance in Q3FY25 and announcements from the 2025 Budget

Finance Bill 2025 provides relief from prosecution for late TCS payments

The amendment in the Finance Bill 2025 provides some relief to taxpayers by offering them a second chance to comply with the tax regulations without facing such severe consequences.

Decoded: With Budget 2025 tax sops does old tax regime still make sense?

The government on Saturday said the old tax regime will continue. But with the changes announced in Budget 2025, does it still make sense to use it?

Chandrababu Naidu backs Union Budget, emphasises development over politics

Telugu Desam Party chief and Andhra Pradesh Chief Minister N Chandrababu Naidu on Monday strongly endorsed the Union Budget 2025, saying it reflects the broader vision of Viksit Bharat 2047, while drawing attention to the growing role of technology and state-center cooperation. Speaking to reporters in the national capital, where he was attending the 16th Finance Commission meeting, Naidu articulated a vision that transcended political divisions. "Regarding Andhra Pradesh, we are working with the central government. Some people ask what we have got. We have got everything and I am confident in that (our collaboration with the central government). Always, one should be in the right time, right place, and with right people - then things happen automatically," he said. The veteran politician highlighted four key growth engines - agriculture, MSMEs, investment, and exports - as crucial elements of the Viksit Bharat 2047 vision. Drawing from his experience in implementing reforms in And

Ministries working out modalities of healthcare for gig workers: Govil

The Finance Ministry, in consultation with the Labour Department, is working out the modalities of a scheme to provide healthcare facilities under the PM Jan Arogya Yojana (PM-JAY) to about 1 crore gig workers, Expenditure Secretary Manoj Govil has said. Finance Minister Nirmala Sitharaman, in her Budget speech, announced that the government will arrange identity cards and registration of gig workers on the e-Shram portal. They will be provided healthcare under PM Jan Arogya Yojana. In an interview to PTI, Govil said the parameters and details of the scheme are being worked out in consultation with the Ministry of Labour and concerned other ministries. Govil said the social security scheme for gig workers could either be a 100 per cent Central Sector scheme or a centrally sponsored scheme where the cost would be shared between the Centre and states in a 60:40 ratio. "Once the scheme details are finalised, the cost will be calculated," Govil added. Ayushman Bharat PM-JAY is the la

Rs 20K cr for research, AI, geospatial initiatives to drive R&D: Industry

The Rs 20,000-crore allocation to drive research, the expansion of AI and geospatial initiatives and further push to Atal Tinkering Labs are some of the significant steps taken in the Union Budget 2025-26 to strengthen the country's research & development (R&D) ecosystem, but the country needs more, industry players said. Union Finance Minister Nirmala Sitharaman has allocated Rs 20,000 crore to the Department of Science and Technology to promote private sector-driven innovation. Sitharaman further said 50,000 Atal Tinkering Labs will be set up in the next five years to cultivate scientific temper in young minds. The 2025 Union Budget marks a significant step forward in strengthening India's R&D ecosystem, Shirshendu Mukherjee, Managing Director, Wadhwani Innovation Network, said. "The Rs 20,000 crore allocation for private & public sector-driven research, the expansion of AI and geospatial initiatives, and the push for Atal Tinkering Labs demonstrate the government's .