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Home  Business

Business

Govt may introduce new income tax Bill on Feb 6

Govt may introduce new income tax Bill on Feb 6

  • Rupee hits record low, plunges 67 paise against US dollar

    Trump tariffs on Canada, Mexico and China trigger fears of trade war
  • Markets slump in early trade amid tariff worries

    The 30-share BSE benchmark Sensex tumbled 731.91 points to 76,774.05 in early trade and NSE Nifty slumped 243 points to 23,239.15
  • Opinion: Budget neglects agriculture again

    Despite emphasis on agriculture as growth engine, Finance Minister Sitharaman fails to earmark sufficient funds
  • Editorial: India’s Race against time on AI

    The country’s short-term approach to problem-solving is hindering its ability to compete on a global scale
  • India’s macros strong, rupee depreciation only against USD: Finance Minister Sitharaman

    Sitharaman rejects criticism that rupee has seen all-round weakness, says Indian currency least volatile against the US dollar among its Asian and global peers
  • Editorial: Wooing the middle-class

    The new tax slabs announced by the Finance Minister in the Budget will substantially reduce the taxes of the middle-class, boosting household consumption, savings and investment
  • Centre’s push for homestays via Mudra loans can boost local economies, say stakeholders

    Industry reports suggest that the homestay segment has grown significantly in recent years, driven by domestic travel and interest in experiential tourism
  • Will Trump’s tariff hikes start global trade war?

    The average tariff rate on all imports could spike seven times higher in 2025 under Trump. The United States has not seen an average tariff rate that high since the Great Depression era, say experts
  • People’s Budget, force-multiplier: Prime Minister Modi hails Union Budget 2024-25

    Prime Minister Narendra Modi says Budget will increase investments and lead to growth
  • Energy transition high on agenda, gets Rs 20,000 cr in Union Budget

    Finance Minister Nirmala Sitharaman announces Nuclear Energy Mission for Viksit Bharat for the development of at least 100 GW of nuclear energy by 2047
  • Union Budget 2025-26: What’s cheaper, and what’s costlier

    Imported life saving drugs, medicines to cost less ; knitted fabrics, Smart meter turn costlier
  • Eight MPs each for Congress, BJP but Telangana neglected in Union Budget: Kavitha

    BRS MLC K Kavitha questions Congress, BJP over no fund allocations for Telangana
  • Budget 2025-26: Gross tax revenues to grow 11 per cent at Rs 42.70 lakh crore

    Personal income tax is projected at Rs 12.57 lakh crore, while corporate tax is at Rs 9.80 lakh crore in the current fiscal
  • Budget 2025-26: Bihar gets big

    The Centre will create additional infrastructure in five IITs and provide support for enhancing the capacity of IIT Patna
  • Nil tax for those earning up to Rs 12 lakh annually under new regime

    For salaried employees, this nil tax limit will be Rs 12.75 lakh per annum, after taking into account a standard deduction of Rs 75,000
  • Budget 2025-26: Government to rationalise TDS to ease compliance burden

    The government will also be introducing new Income Tax (I-T) bill in Parliament next week: Nirmala Sitharaman
  • New I-T Bill to be introduced in Parliament next week

    Finance Minister Nirmala Sitharaman announces the Foreign Direct Investment (FDI) in the insurance sector will be increased to 100 per cent from 74 per cent
  • Budget 2025-26: 10,000 additional seats in medical colleges, daycare cancer centres

    Finance Minister says India has seen remarkable growth in medical education in the last 10 years
  • Budget 2025-26: Enhancing limit for interest subvention scheme for Kisan Credit Cards to Rs 5 lakh

    Nirmala Sitharaman says the Kisan Credit Cards would facilitate short-term loans for 7.7 crore farmers, fishermen, and dairy farmers
  • Budget 2025-26: Rs 1.5 lakh cr outlay for interest-free loans to States

    Asset monetisation plan will be launched for 2025-30 period to infuse Rs 10 lakh crore capital in new projects
  • Budget 2025-26: Modified UDAN scheme to connect 120 destinations

    Sitharaman says, the government will also facilitate greenfield airports in Bihar
  • Budget 2025-26: Rs 10,000 cr fund of funds scheme for startups

    The total corpus of Rs 10,000 crore was envisaged to be provided over the 14th and 15th Finance Commission cycles based on the progress of the scheme and the availability of funds.
  • Telangana puts high hopes on Union Budget 2025-26; submits proposals for Rs.1.63 lakh crore

    The State government has submitted proposals requesting Rs 1.63 lakh crore to fund key projects, including the Regional Ring Road, Hyderabad Metro Rail expansion, and Musi Riverfront Development, among others.
  • Embrace deregulation to let businesses prosper, says Chief Economic Advisor

    Economic Survey 2024-25 advises Union and State governments to stop micromanaging economic activity, embrace risk-based regulations
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