Business

New Delhi: The government will set up an Urban Challenge Fund of Rs 1 lakh crore to finance up to 25 per cent of bankable projects and allocated Rs 10,000 crore for 2025-26, Finance Minister Nirmala Sitharaman said Saturday. She said the fund will be...

New Delhi: Finance Minister Nirmala Sitharaman Saturday announced a slew of steps to boost atomic power in the country with a Rs 20,000-crore Nuclear mission, roping in private players by amending legal framework and development of five small modular reactors indigenously. Presenting her record eighth...

New Delhi: Jal Jeevan Mission, which aims to provide tap water connection to all rural households, has been extended till 2028 with an enhanced Budget outlay, Union Finance Minister Nirmala Sitharaman said Saturday. Presenting her eighth consecutive budget, Sitharaman said under the Jal Jeevan Mission...

New Delhi: The government will provide Rs 20,000 crore for promoting innovation in partnership with the private sector, Finance Minister Nirmala Sitharaman said Saturday. Presenting Union Budget 2025-26, she also said the government will launch export promotion mission with specified target for easy credit access....

New Delhi: The government will develop top 50 tourist sites in partnership with states and also extend mudra loans to homestays, Finance Minister Nirmala Sitharaman said Saturday. In efforts to boost tourism in the country, Sitharaman said medical tourism will be promoted in partnership with...

New Delhi: Finance Minister Nirmala Sitharaman Saturday announced that there will be no income tax payable for incomes up to Rs 12 lakh, and Rs 12.75 lakh for salaried taxpayers (including standard deduction). In the new tax regime, the revised tax rate structure is Rs...

New Delhi: The government will introduce a new Income Tax bill next week to take forward the "trust first, scrutinise later" concept, Finance Minister Nirmala Sitharaman said Saturday. In another major reform move, the minister announced that the Foreign Direct Investment (FDI) in the insurance...

New Delhi: Finance Minister Nirmala Sitharaman Saturday announced rationalisation of TDS (Tax Deduction at Source) regime to ease compliance burden. Presenting the Budget for 2025-26, she said tax proposals are guided by income tax reforms for middle class, TDS rationalisation, and easing compliance burden. The...

New Delhi: The government will launch a modified UDAN scheme to connect 120 destinations to help 4 crore additional passengers in the next 10 years, Finance Minister Nirmala Sitharaman said Saturday. Presenting the Union Budget 2025-26, Sitharaman said the government will also facilitate greenfield airports...

New Delhi: Finance Minister Nirmala Sitharaman Saturday said Rs 1.5 lakh crore will be provided towards 50-year interest-free loans to states, for infrastructure development. Also, an asset monetisation plan will be launched for 2025-30 period to infuse Rs 10 lakh crore capital in new projects....