New I-T bill may be introduced in LS next week: Sitharaman

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 Regret About This Budget Is…

‘…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

Budget 2025: More credit for farmers, 6 new schemes announced

In a significant policy shift aimed at boosting agri-productivity and rural prosperity, Finance Minister Nirmala Sitharaman on Saturday announced six new agricultural schemes while increasing the subsidised Kisan Credit Card loan limit to Rs 5 lakh from the existing Rs

Sitharaman carries tablet wrapped in ‘bahi khata’ for 6th year

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

India Inc earns fat profits but wages have not kept pace

Growth in corporate profits needs to be commensurate with wages to boost the economy, Economic Survey 2024-25 said, noting that sharp disparities between the two pose risk to the economy by curbing demand. The document tabled in Parliament on Friday