Budget And Politics

Budget 2025 LIVE: FM bets on tax cuts to spur growth; Oppn calls it 'election package for Bihar'

Union budget 2025-26 Live Updates: Modi govt has made some big announcements including changes in the new tax regime with taxpayers not having to pay any income tax on earnings up to Rs 12 lpa

Every budget presented by Modi govt is an election package: Sanjay Raut

Election is due in Bihar - Modi government's every budget is an election package, Raut added

Budget updates: Diya Kumari terms Union Budget as 'game changer,' Gehlot criticises lack of relief

New tax regime updates: Under the new system, taxpayers will not have to pay any income tax on earnings up to Rs 12 lakh per annum

Budget: Bihar gets the lion's share; tax relief with eye on middle class

The projects for Bihar in Budget 2025-26 add to the Rs 59,000 cr that the FM allocated to the state in July

Rahul Gandhi slams Union Budget 2025, calls it 'band-aid for bullet wounds'

The Bahujan Samaj Party chief Mayawati criticised the Budget calling it 'politically motivated'

India's Union Budget: Interesting facts and history you should know about

Nirmala Sitharaman is India's first full-time female Finance Minister. By presenting her eighth budget, she strengthens her place in India's political and economic history

Union Budget 2025: Focus on allies, Bihar, and middle-class relief

2025 will see the fewest Assembly polls in any year during the current five-year term, therefore the Budget will be presented in a more favourable political context for the government

Budget FY26: Goldman Sachs highlights focus on fiscal deficit, growth

India's elevated public debt-to-GDP ratio remains a concern. A reduction in the general fiscal deficit from 8 per cent in FY25 to 7 per cent by FY30 is critical to keeping public debt sustainable

Fiscal burden of subsidies triggers political debate, rethink on freebies

Political parties routinely make pre-poll promises of subsidies and freebies, but the fiscal burden of such guarantees weighs heavily on state budgets once in power

100 Days of Modi 3.0: What were the key policies and criticisms? Details

Prime Minister Narendra Modi's government has made some significant progress in terms of farmer welfare, healthcare and governance (Bharatiya Nyay Samhita), attracting some criticisms as well

Budget a fine balance, takes care of all segments, says FM Sitharaman

Finance Minister Nirmala Sitharaman on Wednesday said the Union Budget strikes a fine balance between growth, employment, and fiscal consolidation, and promotes cooperative federalism. Replying to the discussion on the Union Budget 2024-25 and Union Territory of Jammu and Kashmir Budget in Rajya Sabha, the minister said the government is on track to achieve the pre-announced fiscal deficit target of 4.5 per cent by 2025-26. Sitharaman, also a former defence minister, said the Agniveer Scheme to recruit people in the age group of 17.5 to 21 years, is aimed at keeping the armed forces fit, young and battle-ready. The minister, who presented her seventh Union Budget, also said the economic document proposes unflinching support for cooperative federalism. "I would like to underline that our unflinching commitment to cooperative federalism. The total resources proposed to be transferred to the states in 2024-25 are estimated at Rs 22.91 lakh crore. This actually entails an increase of R

State name missing in Budget doesn't mean funds not allocated: MoS Murugan

Union Minister of State for Information and Broadcasting, L Murugan on Saturday said absence of a state's name in the Union Budget does not mean that funds were not allocated to them. He claimed that states are always getting sufficient funds from the Centre. Absence of the name of a state in the Union Budget does not mean no funds were allocated to it. Uttar Pradesh was not mentioned, Rajasthan was not mentioned. Even Madhya Pradesh was not mentioned. It does not mean that sufficient funds were not allocated, he told reporters. Further, he said that Prime Minister Narendra Modi gave his commitment to the people of Andhra Pradesh during his visit to the state earlier that similar to Viksit Bharat (developed India) the government will also go ahead for Viksit Andhra Pradesh. Earlier, addressing a press conference, the Union Minister highlighted several allocations made to the southern state in the Union Budget 2024-25. Customs duty exemption on shrimp production, impetus to natural

Parliament highlights: Not possible to name every state in budget, says FM Nirmala Sitharaman

Lok Sabha and Rajya Sabha news: Catch all the news updates related to the developments in the Parliament here

Budget 2024: What is the 'Purvodaya' scheme announced by FM Sitharaman?

Finance Minister Nirmala Sitharaman during her Budget 20204 speech unveiled 'Purvodaya' plan, focusing on human resource development, infrastructure, and economic opportunities in the eastern region

Union Budget 2024-25: Govt abolishes angel tax on startup funding

Capital gains tax rates between listed, unlisted equity aligned

Ignored plight of Manipur amidst flood, violence in Union Budget: Congress

The opposition Congress in Manipur on Tuesday criticised the BJP-led government at the Centre, alleging that it ignored the plight of the state, which not only suffered a major flood but also bore the brunt of ethnic violence, in the Union Budget. State Congress president K Meghachandra alleged that there was a partisan approach in the Budget. "There was a partiality in the budget. The entire Northeast was not taken care of. Manipur was once again neglected. While flood-hit Assam was mentioned, Manipur that witnessed a catastrophic hailstorm and two of the worst floods in more than 20 years was not," he said. "Not providing any aid to more than 60,000 displaced people is also a setback. We are very much disappointed," he said. Meanwhile, the ruling BJP in the state hailed the Budget, asserting that it was dedicated to the holistic and inclusive development of all citizens. In a statement, state BJP spokesperson M Asnikumar said, "To achieve comprehensive social justice, we will em

Union Budget 2024: Here are the key highlights from FM Sitharaman's speech

Finance Minister Nirmala Sitharaman's Union Budget 2024 speech focused on increased spending, job creation, and tax reforms

Budget news: A look at landmark Union Budget announcements in the past

From the introduction of wealth tax to economic liberalisation to privatisation, here is a look back at landmark Union Budgets

Govts should renounce some powers to help improve governance: Eco Survey

The finance ministry's Economic Survey on Monday suggested that governments renounce some of their powers as it would be good for 'both the governed and the governing'. Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023-24 a day before the Union Budget in the Lok Sabha. While contemplating the challenges that lie ahead, one should not be daunted because the social and economic transformation of democratic India is a remarkable success story, the document, authored by a team lead by Chief Economic Advisor V Anantha Nageswaran, stated. "We have come a long way. The economy has grown from around USD 288 billion in FY93 (1992-93) to USD 3.6 trillion in FY23," it said. India has generated more growth per dollar of debt than other comparable nations and abject poverty has all but been eliminated. Human development indicators have improved, and more Indians, especially women, are getting educated, the 476-page document said. "However, it would be a missed opportunity --

Monsoon session begins: PM Modi's address, economic survey; what to expect

The 22-day long Monsoon session is anticipated to have 16 sittings and tentatively conclude on August 12, with a focus on financial businesses related to the Budget