Budget 2024 News

Budget 2025: Funds thin out for RuPay, low-value UPI transactions

The government has slashed the incentives for promoting RuPay debit cards and low-value UPI transactions, allocating Rs 437 crore for the next fiscal year, compared to Rs 2000 crore it earmarked last year.

Travel gets a boost as Budget 2025 focuses on tourist destinations and air connectivity

The stocks of airlines, hotels, luggage, and travel agents are likely to fly higher

Budget puts an additional Rs 1 lakh crore in the hands of consumers

A major boost for consumption will also come from indirect tax changes, notably from lowering of basic customs duties of mobile phone inputs.

Govt proposes retrospective amendment in Budget for FY26 to overcome the Safari Retreats verdict

In the Union Budget , government proposed to clarify that commercial properties used for leasing purposes are not eligible for input tax credit under GST.

Dhan Dhanya Krishi Yojana, National Manufacturing Mission: Key schemes announced by FM Sitharaman

The Union government has launched the PM Dhan Dhanya Krishi Yojana, a new initiative designed to enhance agricultural conditions in 100 districts that have low productivity, moderate crop intensity, and limited access to credit

Modi’s big middle class outreach, tax changes to put more money in pocket: 5 political takeaways from Union Budget

The big political message from Mr Modi for India’s middle class in 2025 is: We care for you and you now have more money in your pockets to spend.

FM announces rationalisation of transfer pricing provisions to 3 years, will benefit GCCs, IT firms

Additionally, the finance minister expanded the scope of safe harbour rules to reduce litigation and provide certainty in international taxation.

MeitY gets a 48% boost in FY26 Budget outlay at over Rs 26,000 crore

The majority of the increased allocation for MeitY reflected in IndiaAI Mission, expanded production-linked incentive (PLI) schemes for both semiconductors and large-scale electronics manufacturing and IT hardware.

Higher TDS threshold for tax deducted at source for rental income can unlock new housing, say experts

In her speech, the finance minister said that the measures are intended to reduce the number of transactions liable under TDS, benefiting small taxpayers receiving smaller payments.

Budget 2025 is a gentle nudge for India Inc to start capex cycle 

The Finance Minister has announced measures to boost consumption along with incentives to enhance domestic manufacturing and export competitiveness, especially for MSMEs

Govt keeps NHAI’s borrowings to a minimum for 4th straight year

This move is part of the government’s efforts to reduce the highway developer’s debt. NHAI’s debt stood at Rs 3.44 lakh crore at the end of January 2022, against Rs 24,188 crore in 2014-15, a 14-fold rise in less than seven years

FM walks the talk on budget discipline; fiscal deficit target set at 4.4 per cent of GDP for FY 26

Primary deficit pegged at 0.8 per cent; debt-to-GDP ratio targetted to be brought down to 50 per cent (+_1) by 2031; another year of RBI dividend bonanza expected.

Budget 2025 shines bright for PM Surya Ghar scheme, allocation up 80%

Moneycontrol wrote on January 22 that the Budget will increase the allocation for the PM Surya Ghar scheme to ensure its faster implementation to meet renewable energy targets

'Completely derailed to regional priority': Here's how leaders reacted to FM Sitharaman's Budget speech

While taking a swipe at the Centre, the Congress on Saturday said while Finance Minister Nirmala Sitharaman spoke of four engines of development, the Budget was "completely derailed".

Senior citizens get tax exemption on National Savings Scheme withdrawals

National Savings Schemes are government-backed financial instruments aimed at encouraging savings among citizens, especially among the lower-income groups

Government provides more sops to attract relocation of foreign funds to GIFT City

In the Budget for FY26, finance minister Nirmala Sitharaman announced special measures for funds, ETFs and retail schemes eligible for free of tax relocation to Gift City.

Two-wheeler stocks surge up to 6% as budget boosts rural demand, EV push

With consistent policy support, investments in advanced technologies, and efforts to make EVs more accessible, the two-wheeler industry is poised to play a pivotal role in shaping India’s mobility future.

Budget keeps capital expenditure for highway ministry unchanged at Rs 2.72 lakh crore

Of the total Rs 2.72 lakh crore, the National Highways Authority of India (NHAI) has been allocated around Rs 1.87 lakh crore as part of MoRTH’s capital expenditure plan for 2025-26, a 10 percent increase from 2024-25, when it was allocated Rs 1.68 lakh crore.

Budget puts rural demand revival at the core of new agriculture measures

The government has also enhanced the short-term loan limit under the Kisan Credit Card (KCC) scheme from Rs 3 lakh to Rs 5 lakh for 7.7 crore farmers, fishermen, and dairy farmers.

Cancer drugs to get cheaper after major healthcare reforms in Budget 2025-26

Union Budget 2025: Finance Minister Nirmala Sitharaman announces adding 36 lifesaving drugs and medicines to the list of medicines fully exempt from Basic Customs Duty.

Relief for house owners, can claim nil tax on two self-occupied properties now, without conditions

The Budget has also simplified the annual value of self-occupied property

Union government announces Urban Challenge Fund of Rs 1 lakh crore in budget 2025 for redevelopment of cities

Union Finance Minister Nirmala Sitharaman said this fund would finance up to 25 percent of the cost of bankable projects with a stipulation that at least 50 percent of the cost is funded from bonds, bank loans, and PPPs.

Affordable Housing stocks fall as Budget 2025 lowers capex to Rs 10.1 lakh crore in FY25

In the past, government programs like PMAY “Housing for All” and the SWAMIH scheme have supported affordable housing by reviving stalled projects

Swiggy, Zomato shares rise up to 7% amid income tax relief in Budget 2025

In a major change in direct tax slabs, Sitharaman announced that no income tax will be payable on income of up to Rs 12 lakh