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Page 22 - Union Budget

Power sector PSUs' investments to rise nearly 21% to Rs 86,138 cr in FY26

The government has proposed to increase total investment by the nine state-owned power sector firms by nearly 21 per cent to Rs 86,138.48 crore in 2025-26 compared to the previous fiscal year. According to the Budget document, the Revised Estimate (RE) of investment by these nine firms is pegged at Rs 71,278.33 crore for 2024-25 while the budgeted estimate (BE) of Rs 67,286.01 crore. State-owned power giant NTPC recorded the maximum increase in investment to Rs 26,000 crore in the next fiscal year from RE as well BE of Rs 22,700 crore in 2024-25. Similarly, the investment by Power Grid Corp will be raised to Rs 25,000 crore in the next fiscal year from the RE of Rs 20,000 crore and BE of Rs 12,250 crore in 2024-25. The investment by SJVN Ltd will be Rs 12,000 crore in FY26 as against the RE of Rs 7,000 crore this fiscal year. The amount was fixed at Rs 12,000 crore in BE for FY25. The investment by the NHPC will also go up to Rs 13,000 crore in the next fiscal year from RE of Rs .

Updated On : 01 Feb 2025 | 3:56 PM IST

'Tax proposals to boost market flows, consumption,' NSE MD reacts to budget

NSE's chief executive and managing director Ashish Chauhan on Saturday welcomed tax proposals in the Union budget, saying it will help increase flows into the markets. The proposal of nil tax on incomes up to Rs 12.75 lakh per annum for salaried professionals will also help consumption, the chief of the country's largest stock bourse said. "The much-expected tax relief is given to the taxpayer up to Rs 12.75 lakh per annum for a salaried person does not have to pay even a rupee as tax. I think that is a very welcome move, which will help consumption and also investment increase into markets," Chauhan told PTI. He added that as consumption increases, the profitability of companies will also increase. The NSE chief also welcomed the fiscal management proposals presented by Finance Minister Nirmala Sitharaman in the budget. He said the budget aims to give a fillip to growth by committing higher investments with a 10 per cent growth in the capital expenditure. The proposals for refor

Updated On : 01 Feb 2025 | 3:50 PM IST

'Nothing for Bengal' in Union Budget , says TMC MP Abhishek Banerjee

Trinamool Congress leader Abhishek Banerjee on Saturday claimed that the Union Budget 2025-26 has "nothing" for West Bengal, alleging that the state continues to remain "deprived" under the BJP-led NDA rule at the Centre. Banerjee, the TMC national general secretary, who was talking to reporters in Delhi after the budget presentation in Parliament, said several announcements were made for Bihar as the assembly elections there are due later this year. Bihar remained in focus in the presentation of the Union Budget for the 2025-26 fiscal with Finance Minister Nirmala Sitharaman making several announcements for the state, including setting up of a makhana board, financial assistance for western Kosi canal and support for enhancing the capacity of IIT Patna. "There has been nothing for Bengal in the Union Budget. As in the past during the BJP's reign, there has not been enough allocation for the state in this budget. Our (TMC) MPs have been vocal and have sought a rise in the allocation

Updated On : 01 Feb 2025 | 3:40 PM IST

Union Budget 2025-26 is all about capex drive to consumption thrive

Budget 2025 Highlights: The biggest beneficiary sector for the budget would be consumptions sectors like Staples, QSRs, White goods and Discretionary like Hotels and tourism

Updated On : 01 Feb 2025 | 3:31 PM IST

'Punjab once again ignored,' says CM Mann reacting to Union Budget

Punjab Chief Minister Bhagwant Mann expressed disappointment over the Union Budget on Saturday, claiming that the border state has been "ignored" once again and not given anything. Describing it as an "election budget", the Aam Aadmi Party (AAP) leader said it only made announcements for Bihar. Union Finance Minister Nirmala Sitharaman presented her eighth budget in Parliament on Saturday. Reacting to the budget, Mann alleged that Punjab has once again been "ignored" in the budget presented by the Bharatiya Janata Party-led Centre. "The Union government has not given anything to the farmers and youngsters of Punjab," he said in a post on X. The chief minister criticised the Centre for not announcing a minimum support price (MSP) for crops or any package for the state's industry. "The Centre has neither given an MSP to farmers on their crops nor has the state been given any package for any industry. Punjab has not been given anything that can improve its economy and future," he ..