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Draft Bill likely to provide directions to widen tax net, given the contraction in tax base following the new exemption limits, say sources
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Aligning with India's broader vision to become a global AI hub, Finance Minister Nirmala Sitharaman has announced the creation of three Centres of Excellence (CoEs) in AI for education with a budget allocation of Rs 500 crore
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Nirmala Sitharaman announces national framework for GCCs, Rs 500-crore CoE for AI, new 'fund of funds' for startups
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Rs 1,80,000 crore set aside for armed forces for capital expenditure that includes purchasing weapons, aircraft, warships
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While some expressed joy over Sitharaman’s announcement that individuals earning up to Rs. 12 lakh annually would be exempt from paying income tax under the new tax regime, others went all out, terming it the “Bihar Budget 2025-26.”
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Finance Minister Nirmala Sitharaman announces Nuclear Energy Mission for Viksit Bharat for the development of at least 100 GW of nuclear energy by 2047
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He criticised Union Finance Minister Nirmala Sitharaman for presenting a budget that caters to select States, questioning the BJP's idea of Vikasit Bharat (Developed India)
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Imported life saving drugs, medicines to cost less ; knitted fabrics, Smart meter turn costlier
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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
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They were demanding statement from the government on Kumbh stampede
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The Centre will create additional infrastructure in five IITs and provide support for enhancing the capacity of IIT Patna
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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
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The government will also be introducing new Income Tax (I-T) bill in Parliament next week: Nirmala Sitharaman
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Nirmala Sitharaman says the Kisan Credit Cards would facilitate short-term loans for 7.7 crore farmers, fishermen, and dairy farmers
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Sitharaman says, the government will also facilitate greenfield airports in Bihar
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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.
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The government will bring enabling framework for sustaining harvest of fisheries sector in exclusive economic zones and high seas
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The President will address both Houses of Parliament, marking the beginning of the Budget Session at 11 am
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The presentation of the Economic Survey which details the current state of the economy, will kickstart the Budget Session of Parliament
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Tagging Amazon, Nirmala Sitharaman, and RBI, Pawan questions why a simple solution couldn't be implemented where any unused balance could be automatically refunded to the linked bank account