Page 31 - Nirmala Sitharaman

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

Inclusive Budget to create jobs, boost agriculture and MSME growth

Given the importance of logistics, mobility and tourism for the economy, the government has further announced 120 new destinations under the UDAN scheme and 50 new tourist destinations

Budget 2025: Govt proposes to extend startup incorporation till 2030

The government on Saturday proposed to extend the period of incorporation of eligible startups by five years for providing tax incentives, a move aimed at encouraging budding entrepreneurs. Eligible startups established before April 1, 2030, would get a tax incentive for three consecutive years out of ten years from incorporation. "We continue to support the Indian startup ecosystem. I propose to extend the period of incorporation by five years to allow the benefit available to startups which are incorporated before April 1, 2030," Finance Minister Nirmala Sitharaman in her Budget speech said. The move would help in providing greater liquidity for startups. Eligible start-ups can avail complete deduction of profit and gains for three consecutive years out of 10 years, beginning from the year of incorporation. The benefits under Section 80-IAC of the income tax law will help such enterprises improve their liquidity, cash availability, and work capital, boosting growth and productiv

Budget 2025: NaBFID's partial credit guarantee to boost corporate bond mkt

Insurance and pension regulatory norms require that investment papers must have at least an "AA" rating to be eligible for investment from pension and insurance funds

Budget 2025: Who is Telugu poet Gurajada Apparao quoted by Sitharaman

Nirmala Sitharaman used Telugu poet and playwright Gurajada Apparao's famous words to emphasise the government's vision for Viksit Bharat

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'

Budget 2025: Tax relief, policy push to boost electric two-wheeler demand

The Budget also placed a strong emphasis on the gig economy, a sector that plays a crucial role in last-mile deliveries using electric two-wheelers

A walkout in the midst of a 'colourful' Budget, but the mood stayed bright

The Treasury Benches erupted with joy when the restructuring in income-tax slabs was announced, breaking spontaneously into chants of "Modi, Modi"

'No cut in capital expenditure': Nirmala Sitharaman post-Budget 2025

Public spending on capital expenditure remains a priority due to its strong multiplier effect on economic growth, Finance Minister Nirmala Sitharaman said at the post-Budget press briefing

Why Nikhil Kamath's Makhana post is going viral after Budget 2025 speech

Nirmala Sitharaman's Budget 2025 puts Makhana in the spotlight, sparking buzz around Nikhil Kamath's viral post on its Rs 6,000 crore global growth potential

Budget 2025: FM Sitharaman's tax rebate decision sparks meme-fest online

Budget 2025: Stills from movies like Krrish, Welcome, and television series were being shared widely to encapsulate the sentiment of the taxpayers

What is standard deduction for salary, pension income post Budget 2025?

The standard deduction was last hiked in Interim Budget 2024, but only in the new tax regime

Budget 2025 among the most balanced budgets; to bring bulls out of shackles

Budget 2025 Highlights: As expected, the union government has very little room for fiscal maneuvering and has tried to maintain a fine balance

'Nothing new, all about Bihar elections': Opposition slams Budget 2025

The Opposition has slammed Budget 2025 as 'all about Bihar elections', calling it biased and neglectful of common people, the middle class, and key states

Budget 2025: Govt allocates Rs 2.87 trn for highways ministry for FY26

The government on Saturday allocated Rs 2,873,33.16 crore for the road transport and highways ministry for 2025-26, marginally 2.41 per cent up from last year's outlay of 2,805,18.80 crore. Finance Minister Nirmala Sitharaman on Saturday also increased the allocation to state-owned National Highways Authority of India (NHAI) to Rs 1,878,03 crore from last year's Rs 1,693,71 crore. The NHAI's total debt at the beginning of the current fiscal year was pegged at Rs 3.35 lakh crore, which stood about Rs 2.76 lakh crore at the end of third quarter of FY25. The Budget for 2025-26 makes no provision for borrowings by the NHAI for the next financial year, to reduce the highway developer's debt.

SWAMIH boosts affordable housing, fund of Rs 15,000 cr to be established

Under the SWAMIH Fund, 50,000 dwelling units in stressed housing projects have been completed, and keys handed over to homebuyers

Transformative direct tax reforms in Budget 2025 for middle class empowerment

The reforms are part of the Government's broader strategy to stimulate consumption, enhance ease of doing business and boosting economic growth

Budget 2025: How students benefit from lower TCS on foreign remittances

Union Budget 2025 revises TCS rates on foreign remittances, reducing the tax burden on students funding overseas education through loans or personal savings

PM Modi hails Budget: Tax relief will provide big benefit to middle class

Budget 2025: Following the Budget presentation, Prime Minister Narendra Modi congratulated Finance Minister Nirmala Sitharaman and her team for presenting a 'people's Budget'