Page 27 - Union Budget

Union Budget 2025 Expectations highlights: Automotive sector calls for tax rebates, AI push

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NDA 3.0 must use political capital for structural reforms: D Subbarao

The NDA 3.0 government must use its enormous political capital to implement 'politically difficult' structural reforms in the upcoming budget to promote growth and job creation, former RBI Governor D Subbarao said on Thursday. The Union Budget for 2025-26, to be presented by Finance Minister Nirmala Sitharaman on February 1, comes amid global economic uncertainties and moderating domestic growth. "This is the first full budget of the NDA-III government and it must use its enormous political capital to implement politically difficult structural reforms," Subbarao told PTI in an interview. Further, he said that the primary objective of the budget is to put the economy on a sustainable high-growth trajectory. "But mere growth will not do. We need to ensure that the benefits of growth are widely shared which is to say that we need to focus on reducing inequality," Subbarao added. According to him, the huge consumption base of the bottom half of India's population is its biggest growth

Budget hopes fade as Modi 3.0 market gains erased, Nifty back to June lows

After gaining as much as 12%, Nifty is back to levels seen before PM Modi's third swearing-in

Executive orders signed by Trump unlikely to impact Budget 2025: Economists

Economists said that the government had largely anticipated the policy action on tariffs in November when the election results came out

Union Budget 2025-26: Here are the key challenges in retail sector

Industry demands measures to boost consumption via direct tax benefits, higher outlay on PM KISAN, MGNREGA along with increase in daily wage rates under MGNREGA

Union Budget 2025: Is the new Direct Tax Code replacing the Income Tax Act?

The Income Tax Act in India is fairly complicated and the Indian government has reportedly been working towards introducing a new tax system which is more user friendly and understandable.

Union Budget 2025 expectations highlights: Finance sector calls for reduction in loan limits

Union Budget 2025 Latest Updates: Catch all the latest developments related to Union Budget 2025 here

India's budget likely to raise major subsidies by 8% to $47 bn in FY27

Indian Finance Minister Nirmala Sitharaman will present the national budget on Feb 1, amid slowing growth in Asia's third-largest economy and rising global uncertainties

Budget 2025: Industry players focus on freight infrastructure development

With the Union Budget 2025-26 approaching, industry players are pinning hopes on significant announcements for the railway sector, particularly in freight operations and infrastructure development. The industry also stressed the need to increase the average speed of freight trains to 50 kmph and deploy advanced 12,000 HP electric locomotives. Texmaxo Managing Director Sudipta Mukherjee expressed optimism for a substantial wagon order, building on the government's 2022 announcement of approximately 1.2 lakh wagon orders over three years. "Out of the total 3 lakh long-term wagon procurement plan to increase the total number to six lakh wagons, the government had placed nearly 1.2 lakh wagon orders in 2022, which are supposed to be fulfilled by 2025. We hope the government will repeat a similar mega order for wagons in the upcoming budget to push the railways' share in logistics to 45 per cent from the current 26-27 per cent," Mukherjee said. He also emphasised the need for increased

Budget 2025-26: Industry expects steps for labour-intensive industries

Employment Linked Incentive Scheme and the Prime Minister Internship Scheme likely to get support

Union Budget 2025-26: 25% income tax slab, higher rebate on the cards

The upcoming Budget may raise the rebate further, potentially making income up to Rs 10 lakh tax-free

Budget 2025: e2W makers call for GST rate cuts, relook at PM E-DRIVE plan

Industry stakeholders have also highlighted the need for consistent policy support and investments in skill development to ensure the sector's long-term sustainability

Union Budget 2025-26: Here are the key challenges in health care sector

Low health care expenditure at about 2.1 per cent of GDP for FY23, compared to both developing and developed nations

Railways likely to receive Rs 3 trillion Budget boost on February 1

The government is likely to continue with a zero or minimal borrowing plan for the national transporter

Union Budget 2025 expectations highlights: Finance sector calls for investments on infra for growth

Union Budget 2025 Latest Updates: Catch all the latest developments related to Union Budget 2025 here

Analysts rule out pre-budget market rally; Trump, Q3FY25 earnings in focus

According to Morgan Stanley, markets seem to be approaching the budget with skepticism and could be dealing with both volatility and upside risk post budget.

Will Budget 2025 signal bold decisions for the agriculture sector?

Critics say that so far, the Modi government, in its third term, has resisted from making any bold or path-breaking initiatives for the farm sector

Budget 2025: What is Direct Tax Code and will it replace Income Tax Act?

The Direct Tax Code is expected to be introduced in Budget 2025 and implemented gradually thereafter. The government is following a consultative process to ensure smooth implementation.

Budget 2025: Balancing reforms and fiscal consolidation to revive growth

The two key questions are: What is the diagnosis of the economic slowdown? And what can the Budget do to address it?

Union Budget 2025 expectations highlights: Budget should focus on infra spending, says MPC member

Union Budget 2025 Latest Updates: Catch all the latest developments related to Union Budget 2025 here