BUSINESS
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.
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.
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