BUSINESS
India Escapes Trump's First Tariff Salvo as China, Mexico & Canada Bear the Brunt
The 25% tariff on goods from Canada and Mexico and a 10% tariff on Chinese imports is aimed at reducing the US's significant trade deficit. However, India's position is notably different, as it was not targeted by these tariffs.
Govt Reduces Borrowing Target to Rs 11.54 Lakh Cr for FY26
The government needs to borrow, raising dated securities, to meet its fiscal deficit target.
Rs 1 Lakh Crore Urban Challenge Fund to Transform Cities into Growth Hubs
She further added that this fund will finance up to 25 per cent of the cost of bankable projects with a stipulation that at least 50 per cent of the cost is funded from bonds, bank loans, and PPPs. An allocation of Rs 10,000 crore is proposed for 2025-26.
Modi Govt Makes Big Leap in Tax Exemption Limit, Breaks Away from UPA’s Approach of Small Reliefs
The jump in income tax exemption limit, under the new tax regime, from a salary of Rs 7 lakh per annum to Rs 12 per annum, is the biggest recorded since 2005 of the UPA era.
Old vs New Tax Regime: Key Changes for the Middle Class in Budget 2025-26
Finance Minister Nirmala Sitharaman's announcement has revamped the New Tax Regime, bringing notable relief for taxpayers, particularly those earning up to Rs 12 lakh annually.
Union Budget: Key Measures to Support 1 Crore MSMEs and 1.59 Lakh Startups
MSMEs play a significant role in the economy, employing 7.5 crore people and contributing 36% to the country's manufacturing, as well as 45% to exports, according to Sitharaman.
Agri Stocks Soar Up to 13% Following Govt's PM Dhan-Dhaanya Krishi Yojana Announcement
The main focus of this scheme will be on crop diversification, developing post-harvest storage facilities at the panchayat and block level, increasing the availability of both short and long-term credit.
Govt to Extend Deadline for Filing Updated Returns for Any Assessment Year: FM
Presenting her eighth consecutive Budget this year, Sitharaman proposed the exemption of Tax Collected at Source (TCS) in the education sector where an education loan is taken from particular financial institutions. The FM mentioned that 33,000 taxpayers have availed of the Vivad Se Vishwas 2.0 scheme to settle disputes related to direct taxes.
FM Unveils Rs 20k Cr Nuclear Mission, Proposes Law Amendments to Include Private Players
Presenting her record eighth consecutive Budget, Sitharaman also announced that all states implementing power reforms would be eligible for additional borrowing equal to 0.5 percent of their Gross State Domestic Product (GSDP).
Fiscal Deficit Projected at 4.8% of GDP for FY25, 4.4% for FY26: FM
The report states that the government will aim to reduce the fiscal deficit to 4.5 percent of Gross Domestic Product (GDP) in the Financial Year 2026 (FY26), down from an estimated 4.8 percent in FY25.
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