Aligning with India's broader vision to become a global artificial intelligence (AI) hub, Finance Minister Nirmala Sitharaman on Saturday announced the creation of three Centres of Excellence (CoEs) in AI for education.
Category: INDIA
Budget 2025-26: FM Sitharaman proposes key measures to boost exports
In a bid to further push exports amid geo-political uncertainties, Finance Minister Nirmala Sitharaman on Saturday announced the setting up of an Export Promotion Mission, with sectoral and ministerial targets, driven jointly by the Ministries of Commerce, MSME, and Finance.
Budget 2025-26: UDAN scheme to bring 120 new destinations on air map
Union Finance Minister Nirmala Sitharaman on Saturday announced the launch of a modified UDAN (Uday Desh Ka Aam Nagrik) scheme, as part of her Budget 2025-26 proposals, to enhance regional connectivity to 120 new destinations and carry 4 crore passengers in the next 10 years.
Union Budget: Key measures to bolster 1 crore MSMEs, 1.59 lakh startups
Union Finance Minister Nirmala Sitharaman on Saturday announced significant measures to bolster more than 1 crore registered micro, small, and medium enterprises (MSMEs), employing 7.5 crore people and generating 36 per cent of the country’s manufacturing.
Rs 25,000 crore corpus for maritime fund to boost shipbuilding in Budget 2025-26
Finance Minister Nirmala Sitharaman, presenting the Budget for 2025-26, on Saturday proposed setting up a Maritime Development Fund with a corpus of Rs 25,000 crore for the long-term financing of the maritime industry.
Preparations for PM Modi's US visit after Paris AI Summit enters final stages
India and the United States continue to work on an "early visit" of Prime Minister Narendra Modi to Washington this month, that could possibly take place immediately after his participation in the Artificial Intelligence (AI) Action Summit hosted by France at the Grand Palais in Paris on February 10 and 11.
Old vs New Tax regime: What has changed for middle class in Budget 2025-26
In a major move to ease the tax burden on middle-class taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced fresh tax slabs under the New Tax regime in the Union Budget 2025-26.
Big leap in tax exemption limit: Modi govt breaks away from UPA’s style of offering small reliefs
The Narendra Modi government 3.0 has continued the focus on income tax relief for the salaried class initiated by the NDA government in 2014, breaking away from the UPA’s practice of offering small doses of tax savings to the middle class.
FM Sitharaman goes for big push to job-led inclusive growth in Budget 2025-26
Finance Minister Nirmala Sitharaman on Saturday presented the Budget 2025-26 in the Parliament with an aim at accelerating employment-led inclusive growth, propelled by investments in the agricultural and rural sector, MSMEs and exports while sticking to the fiscal consolidation path.
Rs 1 lakh crore Urban Challenge Fund to implement ‘Cities as Growth Hubs’
Union Finance Minister Nirmala Sitharaman, while presenting the Budget 2025-2026 in the Parliament on Saturday, said that the Government will set up an Urban Challenge Fund of Rs 1 lakh crore to implement the proposals for ‘Cities as Growth Hubs’, ‘Creative Redevelopment of Cities’ and ‘Water and Sanitation’ announced in the July Budget.
Union Budget: FM exempts basic customs duty on 36 life-saving drugs; boosts medical tourism
Union Finance Minister Nirmala Sitharaman on Saturday announced exemptions on basic customs duty on 36 life-saving drugs and also gave a big boost to medical tourism.
FM Sitharaman cuts fiscal deficit to 4.4 per cent of GDP
Finance Minister Nirmala Sitharaman on Saturday presented the Budget 2025-26 in Parliament which aims to give a big push to employment-led growth with its focus on the agricultural and rural sector, MSMEs, and exports, while sticking to the fiscal consolidation path to ensure stability in the economy.
Budget 2025-26: FM Sitharaman announces measures for making India a global toy hub
Union Finance Minister Nirmala Sitharaman, presenting the eight consecutive Budget of the NDA government, shared the blueprint of a ‘Viksit Bharat’ and made key announcements, centering primarily on four key segments -- women, youth, farmers and the poor.
FM Sitharaman’s announcements for internet in govt schools, social security for gig workers
She announced that broadband connectivity will be provided in all government secondary schools, a move that will bring the students at par with their private counterparts and also open new vistas of opportunities for them.
Tax booster for middle class: No income tax payable on income up to Rs 12 lakh
In a big boost to the Indian middle class, Finance Minister Nirmala Sitharaman on Saturday announced that there will be no income tax payable for incomes up to Rs 12 lakh, and Rs 12.75 lakh for salaried taxpayers (including standard deduction).
Union Budget 2025-26: 10,000 additional seats in medical colleges, daycare cancer centres
Union Finance Minister Nirmala Sitharaman on Saturday announced 10,000 additional seats in medical colleges as well as daycare cancer centres in all district hospitals.
Make in India booster: National Manufacturing Mission to be launched
Finance Minister Nirmala Sitharaman on Saturday announced a National Manufacturing Mission to further boost the 'Make In India' initiative across industries, as the country becomes a bright spot on the global manufacturing map.
FM announces PM Dhan Dhanya Krishi Yojana, to benefit 1.7 crore farmers
The PM Dhan Dhanya Krishi Yojana will enhance agricultural productivity, adopt crop diversification, augment post-harvest storage at panchayat and block levels, bolster irrigation and improve availability of short and long-term credit.
India world's fastest growing economy on way to become Viksit Bharat: FM Sitharaman
India is the world's fastest-growing economy, and the government will ensure tremendous growth in coming years across the spectrum on the way to becoming "Viksit Bharat", Union Finance Minister Nirmala Sitharaman said on Saturday.
Maoist Kothehonda Ravi surrenders in Karnataka
In a major development, Maoist Katehonda Ravi has surrendered before authorities in Karnataka, the Chief Minister's Office (CMO) said on Saturday.
ICG is formidable guardian of our seas ensuring safety of people, waters: PM Modi on Raising Day of force
Prime Minister Narendra Modi on Saturday lauded the Indian Coast Guard on their raising day and remarked that ICG is a formidable guardian of the nation's seas ensuring the safety of its waters and people.
President Murmu feeds customary 'dahi-cheeni' to FM Sitharaman
Ahead of presenting the Union Budget in Parliament, Finance Minister Nirmala Sitharaman met President Droupadi Murmu in the Rashtrapati Bhawan on Saturday.
Commercial LPG cylinder prices slashed by Rs 7 ahead of Union Budget
In a move set to impact the hospitality and commercial sectors, oil marketing companies have reduced the price of 19 kg commercial LPG cylinders by Rs 7, effective immediately.
Stage set for FM Sitharaman to present Budget 2025-26 tomorrow
The unveiling of the Economic Survey on Friday sets the stage for Finance Minister Nirmala Sitharaman to present the Union Budget for 2025-26 in Parliament on Saturday (February 1), which is expected to continue the government's policy of giving a big push to economic growth with equity.
States should boost biz reforms to generate higher incomes for citizens: Eco Survey
States should focus on business reforms on a priority basis to achieve buoyancies in some industrial or service sectors, the Economic Survey 2024-25 said on Friday.