BUSINESS
Govt to Simplify TDS Process to Ease Compliance, Says Sitharaman
Presenting the Budget for 2025-26, she stated that tax proposals are guided by income tax reforms for the middle class, TDS rationalization, and easing the compliance burden.
Make in India Boost: National Manufacturing Mission Set to Launch
Presenting the Union Budget 2025-26, the Finance Minister stated that the National Manufacturing Mission would support clean tech and build an ecosystem for the local production of solar cells, EV batteries, and high-voltage transmission equipment.
Union Budget 2025-26: 10,000 More Seats in Medical Colleges, New Daycare Cancer Centres
Presenting her eighth consecutive budget and the NDA government's second full Union Budget of its third term, the Finance Minister highlighted the remarkable growth in medical education in India over the last 10 years.
Government to Introduce New Income Tax Bill Next Week
The new Income Tax Code will be announced, and the I-T Department will adopt a "trust first, scrutinize later" approach, the Finance Minister stated while presenting the Budget for 2025-26.
New Tax Regime: No Tax for Individuals Earning Up to ₹12 Lakh Annually, Says FM
For salaried employees, this nil tax limit will be ₹12.75 lakh per annum after factoring in a standard deduction of ₹75,000.
FM Announces Budget FY26 to Drive Reforms in Six Key Areas
Presenting her eighth consecutive budget, she stated that the government's development track record over the past 10 years and its structural reforms have drawn global attention.
India, the World's Fastest Growing Economy, on Track to Become Viksit Bharat: FM Sitharaman
Presenting her eighth consecutive budget and the NDA government's second full Union Budget of its third term, the Finance Minister said the Budget focuses on spurring agricultural growth, empowering farmers, supporting MSMEs, and ensuring innovation while promoting exports.
Nirmala Sitharaman Makes History with 8th Consecutive Budget
Nirmala Sitharaman, who surpassed the record of former Prime Minister and Finance Minister Morarji Desai last year, is set to present the Union Budget for 2025-26 in Parliament on Saturday.
Core Sector Industries Post 4% Growth in December
The eight core sectors—coal, natural gas, crude oil, refinery products, fertilizers, cement, steel, and electricity—account for 40.27% of the Index of Industrial Production (IIP). Growth rates in these industries serve as indicators of overall industrial growth.
CEA Attributes Growth Slowdown to External Factors
India's economy is likely to expand by 6.3–6.8 per cent in the coming fiscal year, much lower than what is needed to achieve developed-country status. To stimulate growth, the country requires deregulation and reforms in areas such as land and labour, according to the government's pre-Budget Economic Survey.
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