The equalisation levy, introduced in 2016 and expanded in 2020, was aimed at taxing large foreign digital companies– such as Google and Meta– that generate substantial revenue from Indian users…
The Union government is expected to table the new Income Tax Bill in the parliament on Thursday.
In the Budget 2025-26, Union Finance Minister Nirmala Sitharaman said that she will introduce new…
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved the Income Tax Bill, sources told CNN-News 18.
Following the approval, the bill is expected to be tabled in the…
The GST Council will soon take a decision on having fewer and lower rates as the review work is almost complete, Finance Minister Nirmala Sitharaman said on Tuesday.
Currently, Goods and Services Tax…
Finance Minister Nirmala Sitharaman has said that the new income tax bill, which will be presented in Parliament next week, will aim to make the IT Act relevant to the 21st century, with the focus…
The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, has introduced the most significant tax exemption in over two decades.
Under the new tax regime, individuals earning up to…
Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill in Parliament next week, aiming to simplify the six-decade-old Income Tax Act of 1961.
The proposed bill, which will be…
The Centre on Saturday proposed a budgetary allocation of Rs 300 crore for the modernisation of prisons during the next financial year, the same as the current fiscal but which was later revised to Rs…
The Union Budget can give you a glance into Indian diplomacy. Who is New Delhi favouring? With which countries are ties tense?
The Union Budget 2025 hints at a thaw in ties with the Maldives. The…
With an eye on the middle class, Union Finance Minister Nirmala Sitharaman proposed an overhaul of income tax in the Budget 2024-25.
Under Sitharaman’s proposals,
income of up to Rs 12 lakh would be…
“It’s a people’s budget. This Budget is a force multiplier. This Budget will increase savings, investment, consumption and growth,” said Prime Minister Narendra Modi shortly after Finance Minister…
Benchmark indices Sensex and Nifty ended flat in a special trading session on Saturday as investors saw little coming in from Finance Minister Nirmala Sitharaman for retail investors and the overall…
Consumer spending is set to increase due to a mix of personal income tax changes, reductions in indirect taxes, and a strong emphasis on public investment in the budget.
According to a Money Control…
In the Budget 2025-26, Union Finance Minister Nirmala Sitharaman laid out a vision for Healthy India by proposing schemes for the promotion of healthy foods, such as vegetables, fruits, millets, and…
The central government will facilitate the establishment of day-care cancer centers in all district hospitals over the next three years with 200 of these set to be established in 2025-26, Union…
In the Budget 2025-26, Union Finance Minister Nirmala Sitharaman proposed to set up a centre of excellence (CoE) in the artificial intelligence (AI).
The CoE for AI is the continuation of the Narendra…
The government will facilitate setting up of daycare cancer centres in all district hospitals over the next three years and 200 of these will be established in 2025-26, Union Finance Minister Nirmala…
In the Union Budget 2025-26, Union Finance Minister Nirmala Sitharaman proposed to ease and simplify tax deducted at source (TDS) and tax collected at source (TCS).
Sitharaman proposed to increase the…
Finance Minister Nirmala Sitharaman on Saturday announced the removal of import duties on 12 critical minerals, lithium-ion batteries scrap, cobalt products, LED, zinc and 36 drugs for cancer and rare…
Bihar remained in focus in the Union Budget 2025-26 with Finance Minister Nirmala Sitharaman on Saturday making several announcements for the state, including setting up of a Makhana Board, financial…
Today (February 1), across the country, there’s one thing on everyone’s mind — the Union Budget. Finance Minister Nirmala Sitharaman is presenting a record eighth consecutive Budget, which comes in…
In her Budget 2025-26 speech, Union Finance Minister Nirmala Sitharaman proposed that there would be no income tax on income up to Rs 12 lakh.
Sitharaman also announced the restructuring of income tax…
The fiscal deficit for FY25 has been pegged at 4.8 per cent of GDP and at 4.4 per cent for FY26, Finance Minister Nirmala Sitharaman said on Saturday.
Presenting the Budget 2025-26, she said net…
Union Finance Minister Nirmala Sitharaman has said that she will table the new income tax bill next week.
Sitharaman said that new income tax bill next week will take forward ’trust first, scrutinise…
Finance Minister Nirmala Sitharaman on Saturday announced that 10,000 seats will be added in medical colleges and hospitals by next year and 75,000 seats will be increased over the next 5 years.
While…
In the Budget 2025-26, Union Finance Minister Nirmala Sitharaman has announced a nuclear energy mission with an outlay of Rs 20,000 crore.
The nuclear mission’s objective would be to generate 100 GW…
India will launch a national mission on high-yielding seeds, Finance Minister Nirmala Sitharaman said on Saturday.
Presenting her 8th straight Budget, she also said a ‘Makhana Board’ will be…
While presenting the
2025-2026 Union Budget, Finance Minister Nirmala Sitharaman said that India is still the fastest-growing among all major economies in the world. On Saturday, Sitharaman tabled the…
As the economy slows down owing to rising inflation and weak wage growth, investors are looking for measures that would encourage spending, which is why Indian equities edged up during Saturday’s…
Prime Minister Narendra Modi’s call for Goddess Lakshmi’s blessings for the poor and middle class has sparked speculation that
Union Budget 2025 will lower the income tax burden on individual…
Finance Minister Nirmala Sitharaman will present her record 8th straight Budget and all eyes will be on the much-expected tax relief for the middle class.
Sitharaman had in her first Budget in 2019…
President Droupadi Murmu on Saturday offered ‘dahi-cheeni’ (curd and sugar), as it is considered auspicious, to Union Finance Minister Nirmala Sitharaman ahead of presenting her eighth Union…
Finance Minister Nirmala Sitharaman on Saturday will present her eighth consecutive Budget, which she will deliver from a digital tablet enclosed in a traditional ‘bahi-khata’ style pouch.
Sitharaman,…
Union Finance Minister Nirmala Sitharaman and Minister of State for Finance Pankaj Chaudhary met President Droupadi Murmu at the Rashtrapati Bhavan on Saturday ahead of Union Budget.
The Finance…
Set to make history with her eighth consecutive Union Budget, India’s Finance Minister Nirmala Sitharaman has worked tirelessly with key officials to prepare a budget of over Rs 50 lakh crore for…
A cut or tweak in income tax rates/slabs to ease the burden of middle class struggling with high prices and stagnant wage growth is widely expected in Finance Minister Nirmala Sitharaman’s record…
The Union Budget 2025, set to be presented by Finance Minister Nirmala Sitharaman at 11 AM on February 1, 2025, is highly anticipated across various sectors. This will be her eighth consecutive budget…
The Budget session of Parliament began today with Prime Minister Narendra Modi addressing the media. Finance Minister Nirmala Sitharaman will present the Union Budget 2025 tomorrow, February 1.
PM…
A day before Finance Minister Nirmala Sitharaman delivers her 8th consecutive Union Budget, she tabled the Economic Survey 2024-25 at the parliament. The survey provided an official assessment of the…
India awaits with bated breath for Finance Minister Nirmala Sitharaman to present the country’s Budget. After months of toiling and great secrecy, the Budget will be made public on February 1,…
Finance Minister Nirmala Sitharaman will present her 8th straight Budget and all eyes will be on the much-expected tax relief for the middle class.
Sitharaman had in her first Budget in 2019 replaced…
Union Finance Minister Nirmala Sitharaman is expected to tweak the income tax structure and increase exemptions for taxpayers in the Budget 2025.
Sitharaman will present her eighth budget on Saturday…
India’s gross Goods and Services Tax (GST) revenue climbed 7.3 per cent year-on-year to Rs 1.77 lakh crore in December, according to government data released Wednesday (January 1).
However, the…
“I am entitled to relief,” said fugitive businessman Vijay Mallya, claiming that the Indian banks have recovered more than double the amount he owed in the Kingfisher Airlines case.
His statement came…
Anura Kumara Dissanayake is visiting India for the second time in merely 10 months, however, this time he has arrived on a 3-day State visit in the capacity of President of Sri Lanka.
The last time…
In a mere three months – July to September 2024 – Indians purchased 248.3 tonnes of gold, 51 per cent more than 165 tonnes bought by the people in China during the period.
As per the latest data by…
India and Uzbekistan have signed a Bilateral Investment Treaty (BIT) to assure appropriate protection to Uzbekistan investors in India and Indian investors in the Republic of Uzbekistan, the Ministry…
Finance Minister Nirmala Sitharaman on Monday (September 16) asked a burning question most Indian taxpayers wants the answer to: Will income tax rate for middle class be reduced?
In her extensive…
Finance Minister Nirmala Sitharaman, in an exclusive interview with News18 on Monday (September 16), hit back at the allegations that Modi 3.0 is a government that keeps making “U-turns” when it comes…
Finance Minister Nirmala Sitharaman, in an exclusive interview with News18, said that consultation about One Nation, One Poll (ONOP) is over.
Speaking to Managing Director of Network 18, Rahul Joshi,…
The GST Council will meet on September 9. The council is headed by Union Finance Minister Nirmala Sitharaman and comprises representatives of all states and the Union Territories.
GST Council is the…
In a letter to Union Finance Minister Nirmala Sitharaman, Road, Transport and Highways Minister Nitin Gadkari urged the removal of the 18 per cent Goods and Services Tax (GST) levied on life and…
Finance Minister Nirmala Sitharaman on Tuesday termed misleading claims by opposition leaders that if any state is not named in the Budget speech, then it does not get any budgetary…
The annual tax season is drawing to an end; the last date to file one’s individual income tax returns is July 31 — Wednesday.
While there is speculation that the deadline would be extended, officials…
Gold prices tumbled by Rs 950 to Rs 71,050 per 10 grams in the local market in New Delhi on Monday due to weak demand from jewellers.
According to the All India Sarafa Association, the precious metal…
Finance Minister Nirmala Sitharaman on Friday said the taxes in the Union Budget 2024 have not been increased because the government wanted more money, but to ensure all asset classes are treated…
On July 23, 2024, Finance Minister Nirmala Sitharaman in the Union Budget announced a major overhaul of funding allocations for higher education. The budget for the University Grants Commission was…
iPhone maker Apple is believed to be the biggest beneficiary of a 5 per cent reduction in import duty on mobile phones and the move could lead to savings of as much as USD 35 to 50 million for the…
The budgetary allocation for the Ministry of Minority Affairs has increased by Rs 574.31 crore to Rs 3,183.24 crore for 2024-25 as against the revised estimate of Rs 2,608.93 crore in 2023-24.
Union…
As the fastest-growing major economy that also sees itself as the leader of the Global South, India finds itself in a unique position where it has to balance consistent economic growth with climate…