Page 2 - Budget

As Assembly polls loom in 4 states, PM faces middle class' ire over Budget

Regional votes are also important because they determine a party or alliance's strength in the upper house of parliament

Govt considers reintroducing 15% concessional corporate tax in FY26 Budget

The Centre has set up an internal committee to evaluate the benefits of the 15% concessional tax rate scheme for new domestic manufacturing units, introduced in FY20

Budget 2024: Fiscal marksmanship on display; over to implementation

On the personal income tax front, the Budget brought in some modest tweaks, which should support sentiment and consumption for salaried individuals

FM Nirmala Sitharaman's Budget 2024 for growth, continuity, and steadiness

In the same way, the various measures aimed at supporting micro, small and medium-sized enterprises will provide the much needed support to local suppliers and subcontractors across the country

News updates: UK foreign secy Lammy to begin 2-day visit to India on Wednesday

Latest news updates: Catch all the latest news developments from around the world here

Union Budget 2024 | Understanding the fine print

Union Budget 24: What's cheaper and what's costlier? Check full list

In the Union Budget for FY25, Finance Minister Nirmala Sitharaman announced several changes impacting the prices of various items. Read on to find out what they are

What's behind the Centre's big love for Ladakh in Union Budget 2024?

The government's increased budget allocations for Ladakh and additional allocations for various central expenditures have focused on the overall development of the region over the years

A progressive and forward-looking Budget, says artist Paresh Maity

This Budget provides a roadmap for enhancing the support for women so that they are able to play a greater role in the development of the economy, said Paresh Maity

Budget 2024: What are the special packages for Bihar, Andhra Pradesh?

Finance Minister Nirmala Sitharaman announced an allocation of Rs 15,000 crore for Andhra Pradesh. She said the Centre will set up airports, medical colleges, and sports infrastructure in Bihar

With the Union Budget 2024 minutes away, key highlights from Interim Budget

The Interim Budget 2024 highlighted the government's dedication to economic growth, infrastructure development, social welfare, fiscal consolidation, innovation, and sustainable practices

Going to be a milestone Budget of Amrit Kaal, says PM Narendra Modi

Modi hits out at Opposition over protests during the special session

Telecom technology needs capital, govt to allocate 5% of USOF for R&D

The government has decided to allocate 5 per cent of Universal Services Obligation Fund (USOF) for research and development of telecommunications technology, said the Economic Survey 2023-24 tabled in Parliament on Monday. At present, the government has a corpus of around Rs 80,000 crore collected under USOF which has now been renamed as Digital Bharat Nidhi. "Telecommunication technology development requires significantly large and patient capital for R&D and commercialisation. To address this, the government has decided that an allocation of 5 per cent of annual collections from Universal Services Obligation Fund would be made available for funding R&D in the telecom sector," the survey said. According to the survey, the Telecom Technology Development Fund formulated in 2022 has seen significant participation from startups, MSMEs, academia and industry. The survey said the government dedicated '5G Test Bed' to the nation in 2022, providing an end-to-end testing facility, ...

The Budget Show with BS: Tax, capex, jobs and politics

Dream Budgets and nightmares since 1991

Budget Watch: Textile sector seeks a stitch in time as govt mulls tax cuts

Budget 2024: Centre is considering tax incentives and other measures to support the textile and apparel industry, including reducing customs duties on imported cotton and revising the PLI scheme

The Budget Show with BS: Tax relief on home loans?

The Budget Show with BS: Sport, Olympics and more

Union Budget 2024: FM participates in 'halwa' ceremony held at North Block

Finance Minister Nirmala Sitharaman on Tuesday participated in a traditional 'halwa' ceremony, marking the final stage for preparation of Union Budget 2024-25 to be unveiled on July 23 in Lok Sabha. The ceremony is a ritual in which traditional dessert 'halwa' is prepared and served to officials and staff members of the finance ministry who are involved in the preparation of the budget. It is organised in the basement of North Block, which houses the ministry in the national capital and is attended by the finance minister and other high-ranking officials. "The final stage of the Budget preparation process for Union Budget 2024-25 commenced with the customary Halwa ceremony in the presence of Union Minister for Finance and Corporate Affairs Smt. @nsitharaman, in New Delhi, today," the finance ministry said in a post on X. As part of the ceremony, the finance minister also took a round of the Budget Press and reviewed the preparations besides extending her best wishes to the official

Govt may scale down fiscal deficit target to 5% or less in Budget: ICRA

The government is likely to lower fiscal deficit to 4.9-5 per cent of the GDP for this financial year in the upcoming Budget aided by revenue buoyancy. The government had pegged the fiscal deficit estimate at 5.1 per cent for the current fiscal year when it presented the interim Budget in February. "The union government is likely to set a fiscal deficit target at 4.9-5 per cent, lower than projected 5.1 per cent of GDP, without compromising the capital expenditure target of Rs 11.1 lakh crore," ICRA Chief Economist Aditi Nayar told PTI. Finance Minister Nirmala Sitharaman is set to present the full Budget on July 23. This will be her seventh Budget in a row. This budget aims to set the foundation for India's journey towards becoming a developed nation (Viksit Bharat) by 2047. The government achieved a fiscal deficit of 5.6 per cent of the GDP during the previous financial year. "There is also a high likelihood of reducing the net market borrowings for the current financial year by