Page 12 - Union Budget

Surety bonds' market faces multiple growth challenges despite govt push

The issuance of such bonds remains muted due to several challenges, such as collaboration between banks and insurance firms, data sharing, and regulatory parity, among others

Govt outperforms on fiscal deficit, brings it down to 4.77% of GDP in FY25

Capital expenditure for FY 2024-2025 at Rs 10.5 trillion stood at 103.3 per cent of the revised estimate for the year, CGA data showed

GST Council to take up rate rationalisation issue in next meeting

A GoM headed by Minister of State for Finance Pankaj Chaudhary is looking into the future of compensation cess beyond March 2026

Centre set to amend the Atomic Energy and Nuclear Liability laws

On changes in the CLNDA too, many felt that the current law, which exposes suppliers to unlimited liability in case of accidents, is a deterrent for investors

India-UK trade deal: Indian team may visit London to fix pending issues

India and the UK are trying to speed up discussions on the trade agreement amid fast-changing geopolitical landscape and America's protectionist trade policies

Govt may launch full-fledged version of PM Internship Scheme by Sept 2025

The pilot of the scheme was launched on October 3, 2024. The MCA will have to get the Cabinet's approval for the launch of the full scheme

India, Brazil well placed to withstand shocks, says Moody's Ratings

In February, the government in the Union Budget hiked the income tax rebate to Rs 12 lakh from Rs 7 lakh

India working on 3 types of small modular reactors: Union minister

In the Union Budget, the government said India aimed to produce 100 GW of nuclear power by 2047 and half of it would be met by the state-run Nuclear Power Corporation of India Limited

Sebi lowers minimum investment in social stock exchange to Rs 1,000

According to the latest directive, the September 2022 circular will now specify that the minimum investment size for ZCZP instruments will be Rs 1,000

Govt's civilian staff grows, but is it leading to efficiency gains?

Union Budget for 2025-26, presented earlier this month, provides an idea of how the Centre has gone about recruiting staff in all its departments and ministries, other than those in the armed forces

BS Manthan: Experts to unpack India's economic reset amid new world order

The two-day BS Manthan event, scheduled for February 27 and 28 at the Taj Palace in New Delhi, marks a milestone as it coincides with the 50th anniversary of Business Standard's publication

V Anantha Nageswaran's term as CEA extended by 2 years until March 2027

Nageswaran, in his pre-Budget Economic Survey for FY25, made a strong case for deregulation, particularly at the state level, to spur capital formation and drive employment and output growth

FinMin to discuss hiking deposit insurance limit with PSBs on March 4

This is the first review meeting of the finance ministry with PSBs after the Union Budget 2025-26

Union Budget balances fiscal and growth objectives, says RBI report

According to the report, the budget reaffirms the government's commitment to fiscal discipline while fostering inclusive, long-term economic growth in line with the vision of Viksit Bharat

Congress leader Chidambaram finds faults with Budget in Rajya Sabha

Chidambaram termed it a "politically-driven budget" with the income tax cut being the "main thrust" of the Budget with an eye on the Delhi Assembly polls

Cess, surcharges, and shortfalls: The great Centre-state revenue tug of war

Tax devolution remains a tale of bypassing Finance Commission recommendations

RBI MPC meeting 2025: Fiscal monetary harmony for economic growth

On the growth front, the need for monetary support remains high

Infra financing not an issue; need to increase project pipeline: NaBFID MD

The government has acknowledged the need for this product and made the Budget announcements. Concurrently, we have been working on developing the product, said NaBFID MD

New income-tax Bill likely to receive Cabinet approval on Friday

New bill will not impose any additional taxes or create new burdens, says finance secretary

Consumption funds: Budget boost and young spenders to drive theme

The Budget's tax cuts, with an estimated revenue foregone of Rs 1 lakh crore, are expected to improve sentiment and have a multiplier effect on consumer demand