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Page 4 - Latest Updates on Nirmala Sitharaman

Betting on the middle class: Budget fuels growth with consumption boost

While public capex has been retained at its elevated level, it appears that the finance ministry believes that without a more direct push to household demand, growth will subside to unacceptable level

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Updated On : 01 Feb 2025 | 11:22 PM IST

Budget at a glance: Here're the key numbers from Union Budget 2025

FM announced significant income tax cuts for the middle class and unveiled a blueprint for next generation

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Updated On : 02 Feb 2025 | 12:41 AM IST

New Income Tax Bill to be introduced next week, says FM Sitharaman

The minister had previously announced in July last year that a comprehensive review of the Income Tax Act of 1961 would be completed within six months

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Updated On : 01 Feb 2025 | 11:47 PM IST

Budget: Bihar gets the lion's share; tax relief with eye on middle class

The projects for Bihar in Budget 2025-26 add to the Rs 59,000 cr that the FM allocated to the state in July

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Updated On : 01 Feb 2025 | 11:18 PM IST

Budget 2025: Govt to develop top 50 tourist spots, streamline e-visas

The land for building key infrastructure in these destinations will be provided by states

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Updated On : 03 Feb 2025 | 1:00 AM IST

Budget 2025: Defence allocation sees marginal rise at 1.9% of GDP

It is unclear at the moment what portions of this year's capital budget the three services will receive, because the breakup is no longer separately marked in public documents

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Updated On : 01 Feb 2025 | 11:17 PM IST

Tech leaders, startup founders, investors welcome Budget 2025-26

The Budget announced a new Fund of Funds (FoF) with an expanded scope of Rs 10,000 crore

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Updated On : 01 Feb 2025 | 9:42 PM IST

More disposable income in hands: TDS threshold for senior citizens doubled

Taxpayers can now file updated returns for four years instead of the previous two

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Updated On : 01 Feb 2025 | 10:41 PM IST
Updated On : 01 Feb 2025 | 10:38 PM IST

Budget 2025: FM takes 'transformative reforms' route to boost growth

The Budget proposed setting up a high-level committee for regulatory reforms to review all non-financial sector regulations, certifications, licences, and permissions

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Updated On : 01 Feb 2025 | 10:50 PM IST

Budget 2025: FM cuts customs duty on 40 items to boost manufacturing

After a comprehensive review of the customs rate structure, the government has decided to remove seven tariff rates

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Updated On : 01 Feb 2025 | 11:29 PM IST

Budget 2025: FM Sitharaman doles out gifts to boost activity at IFSC

Tax concessions extended till 2030; sops for relocation of MFs, ETFs, boost ODI issuance

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Updated On : 01 Feb 2025 | 10:38 PM IST

A blueprint for Viksit Bharat: Budget 2025 focuses on growth, reforms

The Finance Minister has also been cognizant of the need to undertake regulatory reforms that are needed to ensure that the economy does not get bogged down and steams ahead

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Updated On : 01 Feb 2025 | 11:58 PM IST

FM Sitharaman announces National Geospatial Mission, allocates Rs 100 cr

The announcement of the mission was welcomed by the geospatial industry that said it would be crucial for building smarter cities, with data-driven insights

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Updated On : 01 Feb 2025 | 8:06 PM IST

Govt to form panel for regulatory reforms: FM in Union Budget speech

The objective is to strengthen trust-based economic governance and take transformational measures to enhance ease of doing business, especially in matters of inspections and compliances

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Updated On : 01 Feb 2025 | 8:01 PM IST

Budget 2025: Investment, turnover limits for MSMEs hiked up to 2.5 times

Currently, over 1 crore registered MSMEs, employing 7.5 crore people and generating 36 per cent of our manufacturing, have come together to position India as a global manufacturing hub

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Updated On : 02 Feb 2025 | 12:28 AM IST

Inclusive Budget to create jobs, boost agriculture and MSME growth

Given the importance of logistics, mobility and tourism for the economy, the government has further announced 120 new destinations under the UDAN scheme and 50 new tourist destinations

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Updated On : 01 Feb 2025 | 7:17 PM IST

Budget 2025: Relief on 2 self-occupied properties, without riders

Annual limit of Rs 2.4 lakh for TDS on rent increased to Rs 6 lakh

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Updated On : 01 Feb 2025 | 10:29 PM IST

Budget 2025: Govt proposes to extend startup incorporation till 2030

Eligible start-ups can avail complete deduction of profit and gains for three consecutive years out of 10 years, beginning from the year of incorporation

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Updated On : 01 Feb 2025 | 7:06 PM IST

Budget 2025: Centre sets capex goal for FY26 at Rs 11.21 trillion

The government had set a Budget Estimate (BE) for capex at Rs 11.11 trillion for FY25, against which it is expected to miss the target by Rs 93,000 crore

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Updated On : 01 Feb 2025 | 10:29 PM IST