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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....

New Delhi: PM SVANidhi scheme for street vendors will be revamped with enhanced loans from banks and UPI-linked credit cards with Rs 30,000 limit, Union Finance Minister Nirmala Sitharaman said Saturday. Presenting her eighth consecutive budget, Sitharaman said the scheme has benefited more than 68...

New Delhi: The fiscal deficit for FY25 has been pegged at 4.8 per cent of GDP and at 4.4 per cent for FY26, Finance Minister Nirmala Sitharaman said Saturday. Presenting the Budget 2025-26, she said net market borrowings are estimated at Rs 11.54 lakh crore...

New Delhi: Finance Minister Nirmala Sitharaman Saturday said the government will arrange identity cards and registration on the e-Shram portal to assist 1 crore gig workers. Presenting the Union Budget 2025-26, the finance minister also said a scheme for the socio-economic upliftment of urban workers...

New Delhi: Finance Minister Nirmala Sitharaman Saturday said 50,000 Atal Tinkering Labs will be set up in the next five years to cultivate scientific temper in young minds. Presenting the 14th consecutive Budget under the Narendra Modi government since 2014, Sitharaman said that five national...

Mumbai: Benchmark indices Sensex and Nifty were trading in the positive territory Saturday amid the Union Budget presentation. The 30-share BSE benchmark Sensex rallied 350.03 points to 77,850.60 in the late morning trade. The NSE Nifty climbed 106.15 points to 23,614.55. The government aims to...