The Union Budget 2025, presented in the Lok Sabha by Finance Minister Nirmala Sitharaman on Saturday, allocated Rs 5,915 crore for the Ministry of Development of North Eastern Region (DoNER) for FY 2025-26, increasing the allocation by 47.65 per cent over Rs 4,006 crore (Revised Estimates) for FY 24-25.
As many as 1 crore more people will pay no income tax after the increase in rebate to Rs 12 lakh announced in the Budget for 2025-26, Finance Minister Nirmala Sitharaman said on Saturday.
External Affairs Minister (EAM) S. Jaishankar praised the Union Budget on Saturday, calling it a road map to achieve Prime Minister Narendra Modi's vision of a 'Viksit Bharat'.
Union Finance Minister Nirmala Sitharaman, presenting the Budget 2025-26 on Saturday, introduced some key changes in basic customs duties (BCDs) that will impact the prices of various goods.
The Union government allocated over Rs 6.81 lakh crore to the Ministry of Defence (MoD) on Saturday and further increased the defence pension by 14 per cent.
Finance Minister Nirmala Sitharaman on Saturday announced an increase in the FDI limit for the insurance sector from 74 per cent to 100 per cent in the Budget for 2025-26 as part of far-reaching reforms in the financial sector.
The revision of Basic Customs Duty (BCD) on key electronics items will strengthen the 'Make in India' initiative and help meet Prime Minister Narendra Modi's ambitious $500 billion electronics manufacturing target, the industry said on Saturday.
Giving a much-needed boost to the space sector, Finance Minister Nirmala Sitharaman on Saturday announced an allocation of Rs 13,415.20 crore for the Department of Space in the Union Budget 2025-26.
Finance Minister Nirmala Sitharaman on Saturday enhanced the total outlay for Jal Jeevan Mission to Rs 67,000 crore in her proposals for Budget 2025-26 and said that the Mission stands extended until 2028.
The big-ticket announcement by Finance Minister Nirmala Sitharaman regarding the income tax slab for an income up to Rs 12 lakh has brought wide cheers to the faces of the middle-class and taxpayers.
Finance Minister Nirmala Sitharaman has decided to continue with the high capital expenditure on big-ticket infrastructure projects in the highways, ports, railways, and power sectors with an allocation of Rs 11.21 lakh in the Budget for 2025-26, which represents an increase of 10.2 per cent over the Rs 10.18 crore that was spent on capex in 2024-25.
The government on Saturday explained how the tax reforms, proposed under the new income tax slabs, will benefit the middle class and ease the tax burden for them.
Prime Minister Narendra Modi on Saturday praised the Union Budget 2025, emphasising that it not only meets India's present needs but also prepares the nation for the future.
Prime Minister Narendra Modi on Saturday lauded the Union Budget 2025, calling it a "Janata Janardan Ka Budget" and emphasising its people-centric approach that will propel India's development journey.
Finance Minister Nirmala Sitharaman identified agriculture as "the first engine" for India’s development journey with the announcement of a slew of measures in Budget 2025-26 to raise farm production and increase the incomes of farmers.
Aligning with India's broader vision to become a global artificial intelligence (AI) hub, Finance Minister Nirmala Sitharaman on Saturday announced the creation of three Centres of Excellence (CoEs) in AI for education.
In a bid to further push exports amid geo-political uncertainties, Finance Minister Nirmala Sitharaman on Saturday announced the setting up of an Export Promotion Mission, with sectoral and ministerial targets, driven jointly by the Ministries of Commerce, MSME, and Finance.
Union Finance Minister Nirmala Sitharaman on Saturday announced the launch of a modified UDAN (Uday Desh Ka Aam Nagrik) scheme, as part of her Budget 2025-26 proposals, to enhance regional connectivity to 120 new destinations and carry 4 crore passengers in the next 10 years.
Union Finance Minister Nirmala Sitharaman on Saturday announced significant measures to bolster more than 1 crore registered micro, small, and medium enterprises (MSMEs), employing 7.5 crore people and generating 36 per cent of the country’s manufacturing.
Finance Minister Nirmala Sitharaman, presenting the Budget for 2025-26, on Saturday proposed setting up a Maritime Development Fund with a corpus of Rs 25,000 crore for the long-term financing of the maritime industry.
India and the United States continue to work on an "early visit" of Prime Minister Narendra Modi to Washington this month, that could possibly take place immediately after his participation in the Artificial Intelligence (AI) Action Summit hosted by France at the Grand Palais in Paris on February 10 and 11.
In a major move to ease the tax burden on middle-class taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced fresh tax slabs under the New Tax regime in the Union Budget 2025-26.
The Narendra Modi government 3.0 has continued the focus on income tax relief for the salaried class initiated by the NDA government in 2014, breaking away from the UPA’s practice of offering small doses of tax savings to the middle class.
Finance Minister Nirmala Sitharaman on Saturday presented the Budget 2025-26 in the Parliament with an aim at accelerating employment-led inclusive growth, propelled by investments in the agricultural and rural sector, MSMEs and exports while sticking to the fiscal consolidation path.
Union Finance Minister Nirmala Sitharaman, while presenting the Budget 2025-2026 in the Parliament on Saturday, said that the Government will set up an Urban Challenge Fund of Rs 1 lakh crore to implement the proposals for ‘Cities as Growth Hubs’, ‘Creative Redevelopment of Cities’ and ‘Water and Sanitation’ announced in the July Budget.
