Page 29 - Nirmala Sitharaman

Pragmatic and sensible: FM Sitharaman incentivises growth beyond govt capex

By providing an effective tax cut of Rs 1 trillion to the middle class, the FM will improve consumer confidence and boost consumption

Noble intentions, but questions remain: Budget's allocations fall short

This was an opportune moment to get rid of the old tax system entirely and move fully to the new one. A broad-based, low-rated, and less differentiated tax structure is the need of the hour

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

Of tax relief, transparency and promises: A Budget focused on clarity

The regret about this Budget is that it once again shies away from renewing its commitment to strategic disinvestment

Budget 2025: FM cuts customs duty on 40 items to boost manufacturing

After a comprehensive review of the customs rate structure, the government has decided to remove seven tariff rates

Betting on the middle class: Budget fuels growth with consumption boost

While public capex has been retained at its elevated level, it appears that the finance ministry believes that without a more direct push to household demand, growth will subside to unacceptable level

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

Budget 2025: Defence allocation sees marginal rise at 1.9% of GDP

It is unclear at the moment what portions of this year's capital budget the three services will receive, because the breakup is no longer separately marked in public documents

Budget 2025: FM promises intervention in 100 districts to boost crop yields

Credit limit on KCC raised to Rs 5 lakh; farm Budget at Rs 1.71 trn, 22% more than FY25RE

Budget 2025: FM takes 'transformative reforms' route to boost growth

The domains include regulatory reforms, the power sector, urban development, mining, the financial sector, and taxation

More disposable income in hands: TDS threshold for senior citizens doubled

Taxpayers can now file updated returns for four years instead of the previous two

Budget 2025: Tax-free income limit under new regime rises to Rs 12 lakh

Old tax system remains unchanged

Budget 2025: FM Sitharaman doles out gifts to boost activity at IFSC

Tax concessions extended till 2030; sops for relocation of MFs, ETFs, boost ODI issuance

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

Budget 2025: Relief on 2 self-occupied properties, without riders

Annual limit of Rs 2.4 lakh for TDS on rent increased to Rs 6 lakh

Tech leaders, startup founders, investors welcome Budget 2025-26

The Budget announced a new Fund of Funds (FoF) with an expanded scope of Rs 10,000 crore

Budget proposes focused scheme for footwear industry, to create 2.2 mn jobs

Scheme to support design capacity, component manufacturing, and machinery for producing non-leather 'quality footwear'

FM Sitharaman announces National Geospatial Mission, allocates Rs 100 cr

Union Finance Minister Nirmala Sitharaman on Saturday announced a Rs 100 crore National Geospatial Mission to develop foundational geospatial infrastructure and data, a move aimed at modernising land records, aid urban planning and promoting earth observation systems. Geospatial refers to data associated with a specific location on the Earth's surface, which is crucial for positioning systems and adding layers of information on a map. "We will start a National Geospatial Mission to develop foundational geospatial infrastructure and data. Using PM Gati Shakti, this mission will facilitate modernisation of land records, urban planning, and design of infrastructure projects," Sitharaman said. The finance minister allocated Rs 100 crore for the National Geospatial Mission. 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. "The announcement of the National Geospatial Mission show

Govt to form panel for regulatory reforms: FM in Union Budget speech

The government on Saturday announced measures like setting up a high-level committee for regulatory reforms and releasing investment friendliness index of states to further improve business environment of the country. Finance Minister Nirmala Sitharaman in her Budget speech said the government will now bring up the second part of Jan Vishwas Bill to decriminalise more than 100 provisions in various laws. The first part - Jan Vishwas Act 2023 - decriminalised more than 180 legal provisions to cut compliance burden for industry. "A High-Level Committee for Regulatory Reforms will be set up for a review of all non-financial sector regulations, certifications, licenses, and permissions," Sitharaman said. The committee will be expected to make recommendations within a year. "The objective is to strengthen trust-based economic governance and take transformational measures to enhance ease of doing business, especially in matters of inspections and compliances. States will be encouraged

Budget 2025-26: Cotton Mission gets a boost to improve productivity

The budget allocation for the textile sector saw a steep increase from the FY24-25 revised figure of Rs 3,342 crore to Rs 5,252 crore