NEW DELHI: The commerce, MSME and finance ministries will work together to identify various sectors that will require maximum capital support for technology upgradation, marketing, brand building, and accessing newer markets, to boost exports, commerce minister Piyush Goyal said Saturday. Govt has announced setting up an Export Promotion Mission with an outlay of Rs 2,250…
In her eighth budget speech presented in Parliament, Union finance minister Nirmala Sitharaman positioned agriculture as “the first engine of growth”. She unveiled several initiatives aimed at boosting the sector, including the Prime Minister Dhan-Dhaanya Krishi Yojana, a scheme designed to target regions with low farm productivity. The plan, in partnership with states, aims to…
Finance minister Nirmala Sitharaman Saturday announced the govt’s plan to transform India Post into a large logistics organisation with 1.5 lakh rural post offices.In her Budget speech, Sitharaman said India Post’s rural post offices will emerge as a catalyst for the rural economy. “India Post with 1.5 lakh rural post offices, complemented by the India…
The Budget proposes an Urban Challenge Fund (UCF) of Rs 1 lakh crore to encourage states to think innovatively towards attaining sustainable urbanisation and redevelopment goals in existing cities.The grant is expected to infuse around Rs 4 lakh crore for infrastructure development, achieving saturation and implementing redevelopment projects.“This fund will finance up to 25% of…
Positioning agriculture as the “first” engine of growth, the Budget proposes multiple schemes to boost farming, including a special programme in 100 low-productivity agricultural districts.Additionally, it proposes a six-year mission to make the country self-reliant in producing pulses, enhancing farmers’ well-being and overall rural prosperity.Govt has also proposed to increase the subsidised Kisan Credit Card…
Finance minister Nirmala Sitharaman announced a significant increase in allocation for the education sector, focusing on last-mile broadband connectivity in rural schools that were worst hit by insufficient internet coverage during Covid. Infrastructure expansion for IITs, medical education and AI in learning were also among the Budget highlights.The digital push is expected to boost broadband…
The Centre has estimated a realisation of Rs 47,000 crore from disinvestment and assessment monetisation in the 2025-26 Budget. It has moved away from setting a specific target from disinvestment of PSUs as the appetite for privatisation has moderated. The number is mentioned under miscellaneous capital receipts in Budget documents.Finance minister Nirmala Sitharaman also announced…
FM Nirmala Sitharaman also announced that she will be tabling the New Income Tax Bill in Parliament next week. Budget 2025 income tax slab changes 2025-2026 explained: In a big cheer for the salaried middle class taxpayers, FM Nirmala Sitharaman announced sweeping changes to the income tax slabs and income tax rates under the new…
Today’s proposals rightly focused on middle-income taxpayers, marking a significant step for the government to forgo one lakh crore of revenue. By Kuldip Kumar and Tanu GuptaBudget 2025 income tax slab changes FY 2025-26: The Honorable Finance Minister presented her 8th consecutive budget, and this was perhaps one of those budgets that exceeded individual taxpayers’…
NEW DELHI: Finance minister Nirmala Sitharaman, presenting the Union Budget 2025-26 on Saturday, announced a significant increase in allocations for women and child development programs, along with key relief measures for senior citizens and vulnerable communities. Addressing concerns over old National Savings Scheme (NSS) accounts, Sitharaman announced that withdrawals from these accounts, which no longer…
