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

Agriculture: Sowing the seeds for more reforms

The budget aims at addressing the rural unemployment issue while ensuring sustainable farming

Rally in FMCG stocks on Budget sops will be short term, says Vikas Khemani of Carnelian Asset Advisors

The Nifty FMCG index was higher by 4 percent, which is the most in seven months. FMCG players like Godrej Consumer Products, ITC, Varun Beverages and Hindustan Unilever also gained around 4 percent,

EV industry welcomes Union Budget's push on local manufacturing and customs duty exemptions on batteries

Industry leaders have largely welcomed the government’s emphasis on domestic manufacturing, customs duty exemptions, and sustainability-focused initiatives.

AIADMK decries Union Budget as 'Bihar Budget'

AIADMK general secretary Edappadi K Palaniswami said the Budget did not have special schemes for states like Tamil Nadu and it appeared to be "Bihar's Budget," rather than the Union Budget as several development schemes have been announced for that state as Assembly election is due there this year.

Oil ministry's allocation in Budget 2025 rises 11% from last year

Budget 2025: The government granted Rs 12,100 crore to the oil marketing companies for liquified petroleum gas subsidy in the Union Budget 2025, compared to Rs 14,700 crore (RE) received for the fiscal 2024-25

India's telecom revenue projected to plunge 33% in FY26: Budget 2025 documents

The higher revenue in FY25 is attributed to spectrum allocations to BSNL and the Railways, substantial advance payments from Bharti Airtel for past spectrum auctions, and proceeds from the second 5G spectrum sale. A portion of the Rs 11,340.78 crore raised from this 5G auction was also included in FY25's revenue.

What's the total size of Union Budget 2025-26?

Total capital expenditure proposed for the next fiscal is Rs 11.22 lakh crore and effective capital expenditure of Rs 15.48 lakh crore

2025 Budget signals a shift in priorities

Clearly the intention is to shift to demand-led growth rather than continuing to boost the supply side by building infrastructure.

Markets are not kind to budgets; despite tax relief, the Sensex ends flat

February 1 witnessed the BSE Sensex close 5.4 points higher.

FM provides a tax bonanza, but keeps to the fiscal consolidation path

The highlight of the first full Budget of the National Democratic Alliance government under the leadership of Prime Minister Narendra Modi was the rationalisation of tax rates

India Inc welcomes Budget's booster dose for consumption

The waiver on personal income tax for income up to Rs 12 lakh is expected to ease the financial burden on the salaried class, soften the impact of rising prices, thereby drive consumption

AIFs get clarity and parity on longstanding asks

Alternate Investment Funds were tied down by lack of clarity on tax treatment of their gains. The industry wanted regulatory clarity on their operations and parity with foreign investors. They got both.

'Citizen first' Budget fulfils hopes of poor, middle class; gives big relief to taxpayers: Guj CM

Gujarat CM Bhupendra Patel thanked the PM as well as Sitharaman for giving a "comprehensive budget that fulfils this promise and is beneficial for all sections of the society".

Double-engine growth — driving consumption with fiscal prudence: Edelweiss MF’s Radhika Gupta

Budget 2025 has juggled multiple challenges and come out triumphant by meeting economic challenges and yet satisfying key stakeholders

TCS exemption limit raised to Rs 10 lakh in Union Budget 2025, relief for students and travellers

Finance Minister Nirmala Sitharaman has proposed to raise TCS exemption limit from Rs 7 lakh to Rs 10 lakh and exempt education remittances funded through loans, benefiting students, travellers, and investors.

Union Budget takes strong steps towards nation-building through structural reforms: Dr Reddy's

The Union Budget for 2025-26 was presented by Finance Minister Nirmala Sitharaman earlier today

Census, NPR unlikely in 2025 too as only Rs 574 crore allocated in budget

The allocation under the head was Rs 572 crore in 2024-25. According to officials, the entire census and NPR exercise is likely to cost the government more than Rs 12,000 crore.

Tax reforms, fiscal prudence take center stage in Budget 2025: Key takeaways from FM Sitharaman's address

Speaking on the ongoing tax reforms, Sitharaman highlighted the simplification of the income tax system, which was announced in July and is now near completion.

The focus shifts from capex to consumption in Budget 2025

The Union Budget could further underline the churn away from capex driven stocks

Union Budget pro-people, progressive; reflects Viksit Bharat vision: Andhra CM

The Chief Minister highlighted that the budget prioritised the welfare of women, the poor, youth, and farmers, including identifying six key sectors for growth over the next five years

A landmark Budget for growth and middle class empowerment

There is a compelling need for further simplification of personal income tax, specifically in adopting a more streamlined three-slab system in place of the current complex structure, writes Mohandas Pai

Development of top tourist destinations to fuel hotel supply, e-visa to make India more attractive

With a multi-faceted approach, the government aims to elevate the sector's contribution to GDP to an ambitious 9-12 percent, aligning with global peers.

Meets the Mark, But Misses the Magic: The Budget 2025 Big Picture

The Budget’s strategy is simple: maintain fiscal discipline, use tax cuts to boost consumption, and rely on incremental reforms to enhance competitiveness. It’s a cautious approach, but lacks ambition

Budget likely to boost consumption, spur retail investments in stock markets

Apart from more consumption and people spending more on e-commerce websites, experts also predict an increase in retail investments in the stock market as people will be left with more disposable income.