The Union government allocated over Rs 6.81 lakh crore to the Ministry of Defence (MoD) on Saturday and further increased the defence pension by 14 per cent.
Category: INDIA
Budget 2025-26: FDI limit for insurance sector raised to 100 per cent
Finance Minister Nirmala Sitharaman on Saturday announced an increase in the FDI limit for the insurance sector from 74 per cent to 100 per cent in the Budget for 2025-26 as part of far-reaching reforms in the financial sector.
BCD revision on key electronics components to boost local manufacturing
The revision of Basic Customs Duty (BCD) on key electronics items will strengthen the 'Make in India' initiative and help meet Prime Minister Narendra Modi's ambitious $500 billion electronics manufacturing target, the industry said on Saturday.
FM allocates Rs 13,415.20 cr for space sector, experts welcome Geospatial mission
Giving a much-needed boost to the space sector, Finance Minister Nirmala Sitharaman on Saturday announced an allocation of Rs 13,415.20 crore for the Department of Space in the Union Budget 2025-26.
Budget outlay for Jal Jeevan Mission hiked to Rs 67,000 crore
Finance Minister Nirmala Sitharaman on Saturday enhanced the total outlay for Jal Jeevan Mission to Rs 67,000 crore in her proposals for Budget 2025-26 and said that the Mission stands extended until 2028.
Nil tax till Rs 12 lakh: How taxpayers will benefit from tax slab changes in Budget 2025-26
The big-ticket announcement by Finance Minister Nirmala Sitharaman regarding the income tax slab for an income up to Rs 12 lakh has brought wide cheers to the faces of the middle-class and taxpayers.
FM raises capex in FY 2025-26 to Rs 11.21 lakh crore for funding big infra projects
Finance Minister Nirmala Sitharaman has decided to continue with the high capital expenditure on big-ticket infrastructure projects in the highways, ports, railways, and power sectors with an allocation of Rs 11.21 lakh in the Budget for 2025-26, which represents an increase of 10.2 per cent over the Rs 10.18 crore that was spent on capex in 2024-25.
Union Budget: Centre clears citizens' doubt on new income tax slabs
The government on Saturday explained how the tax reforms, proposed under the new income tax slabs, will benefit the middle class and ease the tax burden for them.
Will give immense relief to middle class: PM Modi on Union Budget 2025
Prime Minister Narendra Modi on Saturday praised the Union Budget 2025, emphasising that it not only meets India's present needs but also prepares the nation for the future.
PM Modi hails Union Budget 2025 as 'Janata Janardan Ka Budget'
Prime Minister Narendra Modi on Saturday lauded the Union Budget 2025, calling it a "Janata Janardan Ka Budget" and emphasising its people-centric approach that will propel India's development journey.
Budget 2025-26 gives big boost to agriculture as 'first engine of growth'
Finance Minister Nirmala Sitharaman identified agriculture as "the first engine" for India’s development journey with the announcement of a slew of measures in Budget 2025-26 to raise farm production and increase the incomes of farmers.
India bets big on AI, allocates Rs 500 crore for 3 Centres of Excellence
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.
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.