Anticipating US action on tariffs, India seems to have made the first move by revamping its tariff structure by reducing the slabs to eight rates, points out Mukesh Butani. IMAGE: Union Finance Minister Nirmala Sitharaman addresses a press conference, New
Finance Minister Nirmala Sitharaman on Saturday said she is likely to introduce the new income tax bill, which will replace the six-decade-old I-T Act, in the Lok Sabha in the coming week. Photograph: ANI Photo After introduction in the Upper
The Budget 2025-26 meets the expectations of fiscal consolidation, maintaining capital expenditure, and boosting consumption through tax cuts. Photograph: Rahul Singh/ANI Photo There are many sector-specific measures, tariff adjustments, and simplification of import processes. The government has rationalised the tariff
‘…that it once again shies away from renewing its commitment to strategic divestment,’ points out A K Bhattacharya. IMAGE: Finance Minister Nirmala Sitharaman shows the Budget tablet at the finance ministry before heading to Parliament to present the Union Budget
The estimated Rs 1 trillion revenue forgone from direct taxes and Rs 2,600 crore from indirect taxes has been carefully accounted for within the fiscal consolidation road map, ensuring stability while boosting demand. Budget 2025-26 delivers a carefully calibrated strategy—stimulating
Having missed the target for the current financial year, Finance Minister Nirmala Sitharaman on Saturday proposed to spend Rs 11.21 lakh crore towards capital expenditure (capex) for FY26. However, the capex target is going to be missed by about 93,000
Finance Minister Nirmala Sitharaman on Saturday will present her eighth consecutive Budget, which she will deliver from a digital tablet enclosed in a traditional ‘bahi-khata’ style pouch. IMAGE: Finance Minister Nirmala Sitharaman holds up a digital tablet enclosed in a
Finance Minister Nirmala Sitharaman on February 1 will present a record eighth consecutive budget that is expected to contain measures to shore up weakening economic growth and ease the burden on the middle class struggling with high prices and stagnant
Finance Minister Nirmala Sitharaman on Friday participated in a traditional ‘halwa’ ceremony, marking the final stage for the preparation of Union Budget 2025-26 to be unveiled on February 1 in the Lok Sabha. The ceremony is a customary ritual in
The government in FY26 Budget should announce an “effective” personal income tax cut to support consumption and demand, Barclays said on Thursday. In its FY25-26 Union Budget preview, Barclays said the key ask from the Budget, to be presented on
