Page 29 - Union Budget

Commerce dept seeks to extend 2 export schemes ahead of Union Budget

The commerce department is now seeking an additional allocation of Rs 1,600-1,700 crore, which will allow the government to drag the scheme till March 31

Infra outlays: Key expectations from the Union Budget allocations

l The CMIE data also points to a worrying 57.1 per cent year-on-year decline in the value of government projects completed and a 40 per cent decline in that of the private sector

Will Budget 2025 simplify tax filing for the common man?

A clearer system may lead to fewer disputes with tax authorities, fostering a more cooperative relationship between taxpayers and the government

Union Budget 2025 expectations updates: Govt should target Rs 11 trillion capital spend, says ICRA

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

A piece of my mind: Budget should target 4% fiscal deficit, trade pacts

In India, after unprecedented 6% drop in real GDP in 2020-21 because of Covid and lockdowns, there was a remarkably strong recovery in the next three years with GDP growth averaging a little over 8%

Union Budget 2025 updates: Medtech industry calls for standard GST rate

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

Union Budget 2025: Unchanged defence allocation, focus on reforms likely

India's defence budget as a share of GDP and the national budget has declined steadily year after year, reaching its lowest point since the 1960s, even as strategic challenges persist

Budget 2025: Tax sops, investments in new tech on Indian startups wishlist

Industry body Nasscom has also called for the Centre to set up a dedicated fund to enable early-stage investments into tech startups between Series A and B rounds of fundraising

Govt should aim Rs 11 trn capex, give relief to taxpayers in Budget: ICRA

The government should target a capital spending of Rs 11 lakh crore in the Budget for the next fiscal while giving inflation-adjusted relief on personal income tax to boost consumer spending, rating agency ICRA said on Wednesday. ICRA Chief Economist Aditi Nayar said last year's record budgeted capital expenditure of Rs 11.11 lakh crore is likely to fall short by about Rs 1.4 lakh crore and the next year's target should be fixed at the last year's level with a focus on keeping borrowing within reasonable limits. Further, Nayar said capex numbers are trailing the run rate required to get to the Budget target in the current fiscal. Between April and November 2024, capex spending stood at Rs 5.13 lakh crore, 46 per cent of the Budget estimates of Rs 11.11 lakh crore. "We are looking at a large shortfall in the current fiscal. For next year, we are hoping that we will get fiscal space to prioritise capex... For FY26, based on the revenue numbers...a fiscal deficit of 4.5 per cent of GD

Budget Pulse: What does the middle class want from Union Budget 2025?

As the Union Budget 2025 draws near, the middle class has its fingers crossed, hoping for relief and meaningful reforms. Watch the video to know their key expectations.

MCA may widen internship scheme, engage states to boost participation

The scheme had set a target of providing 125,000 opportunities by the end of March 2025

FinMin meet: MFI representatives seek lowering of asset qualification norms

In 2022, the RBI updated regulations for MFIs, which now apply to all entities in the sector, including banks, small finance banks, and non-banking financial companies (NBFCs)

Centre to simplify decades-old income tax filing rules in upcoming Budget

The changes involve simplifying the language and rationalizing information by using formulas and tables, and won't include any adjustments to tax rates and policy, the people said

Budget key trigger for life insurance companies' stocks in near term

Premium growth may be volatile for the rest of FY25 due to surrender value regulations

Union Budget 2025: Money Bill vs Finance Bill

As the Union Budget 2025 draws closer, let's understand the difference between 2 important Bills, one of which is a part of the Union Budget per se- the Finance Bill and Money Bill.

Budget 2025: What real estate sector seeks for homebuyers under Modi 3.0

Home affordability remains a pressing concern in India, with rising costs keeping ownership out of reach for many

CII suggests 10-point agenda on ease of biz reforms ahead of Budget

Ahead of the upcoming Budget, industry body CII on Sunday suggested a 10-point agenda to drive ease of doing business reforms, aimed at reducing compliance burden, simplifying regulatory frameworks, and improving transparency. Among the "urgent policy interventions", the industry body has recommended that all regulatory approvals -- central, state and local levels -- must mandatorily be provided only through the National Single Window System. It has also pitched for expediting the process of dispute resolution by improving the capacity of courts and placing greater reliance on alternative dispute resolution (ADR) mechanism. For streamlining environmental compliances, Confederation of Indian Industry (CII) said, a unified framework could be introduced, which consolidates all requirements into a single document. Emphasising that easy access to land is important to facilitate new or expanding businesses, it said that states may be incentivised to develop an online integrated land ...

Govt cuts Census budget allocation by half, RGI to seek additional funds

The Union Home Ministry has halved the Census and Statistics budget for 2024-25, with provisions for the Registrar General of India to request additional funds for the delayed census

Centre likely to save over Rs 70,000 crore on expenditure in FY25

FinMin has parked Rs 62K cr towards "new schemes" with the DEA, most of which is expected to go unspent with only two and half months left in FY25

Realtors seek stamp duty cuts, revised home loan limits in Budget

The year 2024 has seen a slowdown in real estate due to general and state elections, with housing sales in the top seven cities declining by 4 per cent