Union Budget: News

02 Jun 2024

Cyclone

PM Narendra Modi to hold 7 key meetings today

Prime Minister Narendra Modi will hold seven key meetings on a variety of topics on Sunday following the conclusion of the Lok Sabha elections, government sources reported.

01 Feb 2024

Narendra Modi

'Viksit Bharat' budget lays foundation for developed India: PM Modi

Prime Minister Narendra Modi on Thursday praised the 2024-25 Union Interim Budget presented by Union Finance Minister Nirmala Sitharaman.

01 Feb 2024

Nirmala Sitharaman

Union Interim Budget 2024: Sitharaman raises infrastructure spending by 11%

Union Finance Minister Nirmala Sitharaman on Thursday presented the Union Interim Budget 2024-25 in the Parliament.

01 Feb 2024

Nirmala Sitharaman

Centre's Rs. 1tn fund offers interest-free loans to boost innovation

Union Finance Minister Nirmala Sitharaman, presented the Interim Budget 2024-25, in the Parliament today.

01 Feb 2024

Nirmala Sitharaman

Railway Budget: 40,000 Vande Bharat-standard coaches, 3 new corridors announced

Union Finance Minister Nirmala Sitharaman on Thursday announced a capital expenditure of Rs. 2.55 lakh crore for Indian Railways in the new financial year.

29 Jan 2024

Electric Vehicles

FAME III scheme to be announced in Budget 2024: MHI

The Centre is extending its support for electric vehicles (EVs) beyond March 2024 with the FAME III subsidy scheme, said Dr. Hanif Qureshi, Additional Secretary of the Ministry of Heavy Industries.

21 Jan 2024

Indian Government

Centre will increase capex for economic growth in Budget 2024-25

The Indian government is gearing up to focus on boosting capital expenditure (capex) in the 2024-25 Budget.

23 Nov 2023

Business

Union Budget 2024 likely to prioritize ease of business

The Union Budget 2024 is likely to prioritize enhancing the ease of doing business in India, focusing on decriminalizing certain offenses and reforming labor laws.

23 Nov 2023

India

Budget 2024 gunning for 10.5% rise in direct tax collections

The Union Budget 2024 aims for a 10.5% increase in direct tax collections, despite a sluggish global economy and a high revenue base in the current fiscal year, Moneycontrol has reported.

16 Nov 2023

Ministry of Finance

Finance Ministry to present concise economic report before Interim Budget

The Indian Finance Ministry is planning to release a concise report outlining the nation's economic status prior to the Interim Budget on February 1, Moneycontrol has reported.

24 Mar 2023

Lok Sabha

Lok Sabha passes Finance Bill without debate amid Opposition's ruckus

The Lok Sabha passed the Finance Bill 2023 on Friday without debate as Opposition MPs raised slogans demanding a Joint Parliamentary Committee (JPC) to probe the allegations of fraud against the Adani Group.

13 Mar 2023

Mallikarjun Kharge

Opposition parties meet to strategize before Budget Session resumes today

Ahead of the second leg of the Parliament's Budget Session, as many as 16 opposition parties reportedly met at Congress chief and Leader of the Opposition in Rajya Sabha Mallikarjun Kharge's office at around 10:00 am on Monday to chalk out their floor strategy.

01 Feb 2023

Nirmala Sitharaman

Centre aims to eliminate sickle cell anemia by 2047

As part of the Union Budget 2023, Finance Minister Nirmala Sitharaman announced that the government will launch a mission to eliminate sickle cell anemia in the country by 2047.

01 Feb 2023

Tax Slabs

Union Budget 2023: How's new tax regime different from old

In a relief to middle-class citizens in the Union Budget 2023-24, the income tax exemption limit under the new tax regime has been increased from Rs. 2.5 lakh to Rs. 3 lakh, while the tax rebate limit was raised from Rs. 5 lakh to Rs. 7 lakh.

01 Feb 2023

Nirmala Sitharaman

Centre to establish three centers of excellence to boost AI

As part of the Union Budget 2023, Finance Minister Nirmala Sitharaman announced that the government will set up three centers of excellence in order to boost artificial intelligence (AI) in India.

01 Feb 2023

Budget Session

Union Budget 2023-24: Key announcements for women

India's Finance Minister Nirmala Sitharaman on Wednesday announced a one-time small saving scheme for women called "Mahila Samman Saving Certificate," which will stay available until March 2025.

01 Feb 2023

Nirmala Sitharaman

Union Budget 2023-24: Key takeaways for the Indian auto industry

Union Finance Minister Nirmala Sitharaman presented the Budget 2023 in Parliament today, and it promises several concessions to the auto industry.

01 Feb 2023

Budget Session

Union Budget 2023-24: Key takeaways for education sector

Union Finance Minister Nirmala Sitharaman officially presented the Union Budget 2023-2024 on Wednesday in Parliament.

01 Feb 2023

PAN Card

Union Budget: PAN Card to become universal identifier for businesses

Union Finance Minister Nirmala Sitharaman, on Wednesday, proposed to use PAN (Permanent Account Number) card as the common identifier for digital transactions.

01 Feb 2023

Nirmala Sitharaman

Union Budget 2023-24: No income tax up to Rs. 7L

Announcing the new Union Budget for 2023-24 today, Finance Minister Nirmala Sitharaman declared renewed income tax rates.

01 Feb 2023

Nirmala Sitharaman

Union Budget 2023-24: Here are the key highlights

Union Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year 2023-24 on Wednesday.

01 Feb 2023

Nirmala Sitharaman

Will Union Budget 2023 boost Indian economy, what to expect

Finance Minister Nirmala Sitharaman will present the Union Budget 2023 today at 11 am.

31 Jan 2023

Nirmala Sitharaman

Union Budget 2023 presentation: Tax cuts, manufacturing incentives expected

Finance Minister Nirmala Sitharaman will present the Union Budget for 2023 in Parliament on Wednesday as people are hoping for reduced taxes, better social security, and financial incentives to boost production.

31 Jan 2023

Droupadi Murmu

What President Droupadi Murmu said during her first Parliament address

In her first address to the Parliament as the President on Tuesday, as the Budget Session began, Droupadi Murmu lauded numerous decisions taken by the central government, including the abrogation of Article 370 and abolishment of triple talaq.

31 Jan 2023

Budget Session

Budget Session: Nirmala Sitharaman tables 2023 Economic Survey in Parliament

Finance Minister Nirmala Sitharaman on Tuesday tabled the Economic Survey 2022-23 in Parliament, following President Droupadi Murmu's maiden address to a joint session of Lok Sabha and Rajya Sabha, marking the start of the Budget Session.

31 Jan 2023

Parliament

Parliament Budget Session begins; President Murmu calls government fearless, decisive

The Budget Session of the Parliament kicked off on Tuesday with President Droupadi Murmu's maiden address to a joint sitting of Lok Sabha and Rajya Sabha.

31 Jan 2023

Nirmala Sitharaman

Finance Minister Nirmala Sitharaman to present 2023 Economic Survey today

The central government is set to table the 2023 Economic Survey on Tuesday, a day before the Union Budget 2023-24 presentation.

17 Jan 2023

Ministry of Finance

Centre mulling over reducing income tax rates under new regime

The central government is mulling over lowering income tax rates in order to make the new direct tax regime more attractive, as per a report by Reuters.

13 Jan 2023

Budget Session

Budget session of Parliament from January 31 to April 6

The Budget Session 2023 of Parliament will commence on January 31 and continue till April 6, Union Minister for Parliamentary Affairs Prahlad Joshi informed on Friday.

Parliamentary Standing Committee proposes ban on sale of loose cigarettes

A Parliamentary Standing Committee has reportedly proposed a ban on the sale of loose cigarettes across the country in order to curb tobacco use.

05 Jul 2022

Cryptocurrency

India's crypto trading volume dries up due to new tax

As the new 1% TDS on crypto trading kicked in on July 1, trading volumes of cryptocurrency have dried up in India.

29 Jun 2022

Cryptocurrency

#NewsBytesExplainer: How 1% TDS on cryptocurrency transactions will be levied

India's cryptocurrency market is holding its breath as the fateful July 1 approaches. Transfers of virtual digital assets (VDA), including cryptocurrencies and NFTs, are set to attract an additional tax deducted at source (TDS) of 1% from July 1 onward.

31 Mar 2022

Cryptocurrency

Major financial changes coming into effect from April 1

Several new financial changes are expected to come into effect from Friday (April 1)—the first day of the fiscal year 2022-23.

Taxing cryptocurrency is government's sovereign right: FM Sitharaman

Finance Minister Nirmala Sitharaman on Friday said the government has sovereign right to tax profit made from cryptocurrency transactions.

02 Feb 2022

Parliament

'How many of 2cr promised jobs were provided?' asks Kharge

Mallikarjun Kharge, the leader of Opposition in the Rajya Sabha, on Wednesday, flagged the issue of unemployment in India during the Budget Session of Parliament.

02 Feb 2022

India

National Tele-Mental Health program to reduce stigma: NIMHANS Director

The National Tele-Mental Health program announced in the Union Budget 2022-23 will help identify mild forms of mental illness, said Dr. Pratima Murthy, Director of the National Institute of Mental Health and Neurosciences (NIMHANS).

02 Feb 2022

Nirmala Sitharaman

'Nal se Jal' scheme gets budgetary boost. What is it?

The Indian government has allocated Rs. 60,000 crore to the "Har Ghar Nal se Jal" scheme for the financial year 2022-2023, Finance Minister Nirmala Sitharaman said while presenting the annual budget in Parliament.

02 Feb 2022

Lok Sabha

Motion of thanks: Rahul Gandhi to open debate in LS

Congress leader Rahul Gandhi will be the first speaker from the Opposition to reply to the debate on the motion of thanks to the President's address in Lok Sabha on Wednesday.

01 Feb 2022

Nirmala Sitharaman

Union Budget 2022: Here are the key takeaways

Union Finance Minister Nirmala Sitharaman on Tuesday (February 1) presented the Budget for the upcoming fiscal year, 2022-2023.

01 Feb 2022

Narendra Modi

#Budget2022 people friendly, says PM; Rahul Gandhi calls it zero-sum

Prime Minister Narendra Modi on Tuesday hailed the Union Budget 2022-23 as "people-friendly and progressive."

01 Feb 2022

Parliament

#Budget2022: What gets costlier, what's cheaper? Check full list

Union Finance Minister Nirmala Sitharaman on Tuesday (February 1) presented her fourth annual budget in Parliament.

01 Feb 2022

Nirmala Sitharaman

#Budget2022: Taxpayers can file updated ITR within 2 years

During her Budget speech, Union Finance Minister Nirmala Sitharaman said on Tuesday that the newly updated provisions will be introduced for income tax returns.

01 Feb 2022

Nirmala Sitharaman

#Budget2022: 5G mobile services rollout in FY2022-23, says FinMin Sitharaman

Union Finance Minister Nirmala Sitharaman presented the Union Budget 2022-23 in Parliament on Tuesday.

01 Feb 2022

Nirmala Sitharaman

#Budget2022: ECLGS to be extended till March 2023, says Sitharaman

The Emergency Credit Line Guarantee Scheme (ECLGS) will be extended till March 2023, Union Finance Minister Nirmala Sitharaman announced on Tuesday.

01 Feb 2022

Nirmala Sitharaman

#Budget2022: 400 Vande Bharat trains to be introduced, says Sitharaman

Union Finance Minister Nirmala Sitharaman on Tuesday announced that 400 new Vande Bharat Express trains will be introduced in the next three years.

31 Jan 2022

Nirmala Sitharaman

Union Budget 2022: What the common man is expecting?

With just one day to go for the Budget 2022 presentation, the common man is relying on Finance Minister Nirmala Sitharaman for subsidies, incentives, and tax deductions, among other benefits.

31 Jan 2022

Lok Sabha

Budget session 2022: What to expect on Day 1?

The Budget session of the Parliament kicked off on Monday with President Ram Nath Kovind's address to both houses.

13 Feb 2021

Nirmala Sitharaman

2021 Union Budget sets pace for 'Aatmanirbhar Bharat': Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Saturday said the Union Budget 2021-22 has set the pace for India to become Aatmanirbhar Bharat, replying to debate on the Budget in Lok Sabha.

03 Feb 2021

Nirmala Sitharaman

Government could reserve 10% of LIC IPO for policyholders

In her annual Budget speech, Finance Minister Nirmala Sitharaman said that the initial public offering (IPO) of Life Insurance Corporation of India (LIC) will be launched this year.

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