NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday said the Budget has provided “unprecedented tax relief to honest taxpayers” and is aimed at boosting domestic production and enhancing export competitiveness, while indicating that the Income Tax Bill to replace the 63-year-old law will be taken up for discussion during the monsoon session of Parliament.In Budget, … Read more
NEW DELHI: Finance minister Nirmala Sitharaman on Monday appealed to India Inc to come forward and participate in Prime Minister Internship Scheme (PMIS) while launching a dedicated mobile application for candidates to access this scheme. She added the app will make the scheme more accessible for youths.Speaking to industry leaders and mediapersons, she said there … Read more
MUMBAI: The Centre is considering raising the insurance cover for bank deposits from the current limit of Rs 5 lakh, a senior finance ministry said on Monday.Three days after the New India Co-operative Bank was placed under moratorium by the RBI for irregularities, department of financial services secretary M Nagaraju said a proposal for higher … Read more
Jaya Bachchan and Finance Minister Nirmala Sitharaman have been having a heated discussion in the Rajya Sabha during the Union Budget 2025-26. The actress had requested her to have some mercy on the film indutry. She said, “One industry has been totally ignored by you, and other governments were also doing the same thing. But … Read more
NEW DELHI: Union finance minister Nirmala Sitharaman on Sunday outlined India’s economic trajectory, fiscal policies, and key government initiatives after she presented the 8th consecutive union budget a day earlier.Sitharaman reaffirmed the Centre’s commitment to fiscal consolidation while ensuring economic growth, infrastructure expansion, and sectoral support. Addressing global economic challenges, she detailed strategies to navigate … Read more
Finance minister Nirmala Sitharaman Saturday announced the govt’s plan to transform India Post into a large logistics organisation with 1.5 lakh rural post offices.In her Budget speech, Sitharaman said India Post’s rural post offices will emerge as a catalyst for the rural economy. “India Post with 1.5 lakh rural post offices, complemented by the India … Read more
NEW DELHI: Finance minister Nirmala Sitharaman on Saturday gave a big relief to the middle class as she announced zero income tax for up to Rs 12 lakh under the new tax 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 … Read more
In a stirring address while presenting the Union Budget 2024, Finance Minister Nirmala Sitharaman invoked the timeless wisdom of literary greats Gurajada Appa Rao and the ancient Tamil text Thirukkural to underscore the government’s vision for Viksit Bharat. Opening her speech with a profound quote from the revered Telugu poet and playwright Gurajada Appa Rao, … Read more
NEW DELHI: Finance minister Nirmala Sitharaman on Saturday announced a range of tax reforms for the common people and the business owners, including the new tax regime, rationalistaion of TDS and TCS along with reforms to ensure enhanced ease in doing in business.The finance minister said that the tax proposals were driven by income tax … Read more
NEW DELHI: Finance minister Nirmala Sitharaman on Saturday announced that 50,000 Atal Tinkering Labs will be established over the next five years to encourage scientific thinking among students. While presenting the 14th consecutive budget under the Narendra Modi government, she also said that five national centers for skilling will be set up with global expertise. … Read more