India Budget 2024: Top Budget 2024 News, Budget 2024-25 Latest Updates and Income Tax Slabs News

What Union Budget 2025 can do for the auto sector

The Budget must consider lowering tax rates on other clean technologies, like hybrid vehicles which are taxed at 28 percent. Hybrids could act as a bridge between ICE and EV adoption

From Trade Facilitation to Trade Promotion: Expectations of EXIM Trade from Budget 2025

With policy continuity expected, the upcoming Budget will be keenly watched for bold announcements on government’s intent for tackling challenging times ahead

Budget Snapshot | No pressing need to capitalise PSBs in this Budget

The RBI rules require banks to maintain a minimum Capital to Risk-Weighted Assets Ratio (CRAR) of 11.50%. This requirement applies to credit risk, market risk, and operational risk. As the chart shows, most PSBs have a CRAR of 16% and above

Budget 2025 wish list: 'Relax income tax return-filing timelines for residents with foreign income'

While most countries, such as the US, UK, Australia, Canada, the Netherlands and Germany follow the calendar year (January to December) as their tax year, India operates on a fiscal year (April to March). This mismatch creates discrepancies in the income and taxes declared in the respective countries, often affecting the tax burden in India.

Union Budget 2025: Balancing fiscal consolidation with growth

The Production Linked Incentive (PLI) scheme has been a cornerstone of India’s manufacturing push, aiming to enhance domestic production capabilities and reduce import dependence.

Budget 2025: Opportunity to further strengthen Indian capital market

India’s demography presents a tremendous opportunity for market growth. With a population of 1.4 billion and a growing middle class, the potential for expanding retail participation is immense, said Shripal Shah, MD & CEO, Kotak Securities

India versus Thailand: Hoteliers seek infrastructure status in Budget 2025 to beat competition

Federation of Hotel & Restaurant Associations of India (FHRAI) expects infrastructure status for hotel and convention centre projects with costs starting from Rs 10 crore. The current criteria require hotel projects to exceed Rs 200 crore and convention centres Rs 300 crore.

Moneycontrol Pro Panorama | A mix of relief, anxiety for markets as Trump checks in

In the Jan 21 edition of Moneycontrol Pro Panorama: India’s defence spending needs a relook, Budget 2025 ought to focus on fiscal prudence, India's consumer sentiment weakens, IT companies see healthy recovery, and more

India’s third shot at tax reform mustn’t miss the target

While the middle class hopes for urgent relief, New Delhi wants more people to pay taxes. The new code needs to do a balancing act

Rural could be a key beneficiary of Budget 2025; right time to invest despite long periods of underperformance, says ICICI Pru MF’s Priyanka Khandelwal

As rural incomes rise, savings and consumption should increase, reversing the underperformance of the past decade. This makes it an opportune time to focus on the rural theme, says Khandelwal.

Budget 2025: Catalyst or temporary relief for India Inc earnings slowdown woes?

Analysts believe the 2025 Union Budget could offer a much-needed short-term boost to market sentiment

Budget 2025: Fertiliser industry eyes subsidy allocation, schemes for rural economy

Fertiliser stocks have gained momentum ahead of the 2025 Union Budget, driven by speculation about subsidy allocations.

New Budget to focus on fiscal prudence and growth

With high global uncertainty and moderated domestic growth, the Government of India is expected to continue fiscal consolidation while focusing on capital expenditure to boost infrastructure. Projections suggest a modest fiscal deficit reduction, tax revenue growth, and strategic debt management

Budget 2025 Expectations: EdTech industry seek enhanced allocation for digital infra

Budget 2025 Expectations Latest News Today (January 21): EdTech urges government to consider enhanced allocations for digital infrastructure in underserved regions, enabling widespread access to high-quality education. Tax incentives for research and development in EdTech solutions and subsidies for institutions adopting digital tools would also significantly encourage sector-wide innovation.

Budget needs to start correcting India’s lopsided defence spending

India confronts hostile neighbours which makes the current defence spending of 1.9 percent of GDP inadequate. It needs to rise up to 3 percent of GDP and composition of spending has to pivot from salaries and pensions eating up more than half the share to prioritising the modernisation drive by upgrading armaments

Budget Snapshot: India’s spending on healthcare rises, focus should turn to capacity build-up

With growing healthcare needs, India should ramp up healthcare infrastructure and insurance coverage

'Tax-payers with incomes of over Rs 19 lakh are shelling out ‘excess’ tax’, says BankBazaar study

Budget 2025: As per BankBazaar calculations, ‘excess’ tax is the difference between inflation-adjusted taxes and actual taxes. For instance, based on the Cost Inflation Index (CII), a taxpayer with a taxable income of Rs 25 lakh now pays Rs 37,200 a year in ‘excess’ taxes.

Daily Voice: Marcellus' Arindam Mandal says key measures to address consumption growth challenges will be crucial in Budget

It wouldn’t be surprising to see dovish policy actions from the RBI in the coming year, said Marcellus' Arindam Mandal.

Budget 2025: Exempt NPS annuity income from tax, allow deduction for Vatsalya scheme, say experts

Compulsory annuitisation of 40 percent of the National Pension System (NPS) corpus is a roadblock to greater adoption, say industry players and independent experts. It should either be exempt from tax or investors should be offered an alternative, such as a systematic withdrawal option.

Budget 2024 News