New Delhi, Feb 11 (ANI): Proceedings of the Lok Sabha underway during the Budget Session of Parliament, in New Delhi on Tuesday. (ANI Photo/Sansad TV) | Photo Credit: ANI The government is all set to introduce a new Bill to reform the income tax laws on Thursday (February 13, 2025), the last day of the … Read more
Abhay Karandikar, Secretary, Department of Science & Technology (DST): The Budget provides an overall and possibly unprecedented thrust on research and innovation by setting aside Rs 20,000 crore for DST towards research in the private sector, including corporates and startups. There is a focused attempt to bring together academia, private sector and startups to work … Read more
Stating that the existing order book for both rail and defence remains strong, Deepak Ramaraju, Senior Fund Manager, Shriram AMC, says given the recent corrections in capex stocks, valuations seem comfortable, which may offer selective investment opportunities in these sectors. “While the budgeted allocations appear subdued in terms of incremental growth, the existing order book … Read more
Chartered accountants V. Bhagyateja and Gopi Devarakonda at a meeting organised on the Union Budget in Tirupati on Sunday. PRSI president K. Srinivasa Rao and Secretary D. Chandramohan are seen. | Photo Credit: K.V. Poornachandra Kumar Speakers at the ‘Discussion on annual budget 2025’ organised by the Tirupati chapter of Public Relations Society of India … Read more
An alternative tax regime was introduced by the Union Budget 2020 (“New Tax Regime”). Since then, India has two taxation regimes for individuals. The Government intends to make ‘New Tax Regime’ more and more lucrative to individuals which is evident from the Budgetary proposals over the years. The main tax regime (as existing prior to introduction … Read more
There’s nothing for the farmers and youth of Punjab, says CM Bhagwant Mann. | Photo Credit: ANI The Chief Ministers of the Congress-ruled Himachal Pradesh and the Aam Aadmi Party (AAP)-ruled Punjab on Saturday described the Union Budget 2025-26 as disappointing, stating that it ignores the welfare of these States. Himachal Pradesh Chief Minister Sukhvinder Singh … Read more
The government has once again sweetened the New Tax Regime (NTR), making it more attractive for taxpayers by raising the rebate limit and tweaking tax slabs. The goal? To encourage more people to switch from the old, deduction-heavy tax system to the simplified NTR. With zero tax liability for incomes up to ₹12 lakh and … Read more
The Union Budget offers no solace for Kerala that has been grappling with escalating human-wildlife conflicts amid a severe resource crunch. The Forest department recently submitted a memorandum to the Centre requesting a special package of ₹620 crore to address the growing crisis. The absence of adequate budgetary support could also further hinder efforts to … Read more
Image for representative purpose | Photo Credit: The Hindu Presenting the Union Budget for 2025 in the Parliament on Saturday (February 1, 2025), Finance Minister Nirmala Sitharaman listed measures to expand affordable housing. Ms. Sitharaman announced that 40,000 units of housing would be completed in 2025-26 to help families which have taken loans to buy … Read more
Budget 2025: The Economic Survey 2025 stated that the Indian insurance sector has shown an upward trajectory. It noted that total insurance premiums grew by 7.7% in FY24, reaching Rs 11.2 lakh crore. The survey noted that insurance received the highest FDI of 62% of total equity FDI inflows tothe services sector. The survey, tabled by … Read more