Finance Minister Nirmala Sitharaman

The 10-year benchmark bond yield, a threshold for borrowing rates in the money market, spiked by 18-20 basis points (bps) after the announcement of the recent GST reforms. The measures, while aimed at stabilising revenues and demand, raised speculation that that the government might adjust its borrowing program, which lead to increase in bond yields.

Govt wants industry to pass on GST relief to consumers, open to engagement if needed, says senior official

'We will speak with them, nudge them, if we see retail prices are not commensurately decreasing but we trust them for doing it,' the source has said

Big tax reform: GST slabs reduced to two; hundreds of items set to get cheaper from September 22

The GST Council approved rate overhaul by limiting slabs to 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.

FM discusses issues of bilateral cooperation with Russian, Chinese counterparts

These meetings were held on the sidelines of the BRICS Finance Ministers and Central Bank Governors meeting in Rio de Janeiro

FM Nirmala Sitharaman reviews UPI ecosystem, sets goal of 1 billion daily transactions

The meeting focused on strengthening UPI's resilience, scalability, and real-time monitoring to maintain uninterrupted services and build user confidence

Abolishing Equalisation Levy may cost Centre over Rs 3,000 crore in revenue loss

The removal of the six percent Equalisation Levy on online advertisements from April 1, 2025 is expected to benefit global tech giants, while leading to a significant revenue loss for the government.

Sitharaman asks civil accounts officers to make Govt's annual accounts more user-friendly

Addressing the 49th Civil Accounts Day event here, Sitharaman also said that 'just-in-time' release of funds through the PFMS has helped to keep borrowings under check and saved interest cost.

Tax relief to give bank deposits a Rs 45,000-crore boost, strengthen credit growth, says DFS secretary

The tax measures announced in the Budget will provide liquidity to the banks, making them more comfortable in lending, financial services secretary M Nagaraju has said

D-Link, HFCL, MTNL shares jump amid Budget scheme for broadband connectivity for govt schools

Finance Minister Nirmala Sitharaman, while presenting Union Budget 2025, announced a new scheme of providing broadband connectivity to all government secondary schools and health centres.

Budget 2025: Old vs. New Tax Regime – Which One Saves You More? | Explained

Budget 2025 is around the corner, and taxpayers are eagerly waiting for potential income tax changes! Should you stick to the old tax regime with deductions or switch to the new simplified structure? We break down the latest slabs, tax rates, and savings for different income levels. Watch now to find out which regime is best for you!

Farmers seek cheaper credit, lower taxes, doubling PM-KISAN amount in pre-budget meet with FM

The two-hour meeting saw a detailed discussion of proposals, aimed at addressing multiple challenges in the agricultural sector, with key demands focusing on financial relief, market reforms, and strategic investments

India likely to ease curbs on some Chinese investments, say sources

The government plans to free up sectors to Chinese investment that it deems less sensitive from a security point of view, said one of the officials, who did not want to named

Economic Survey 2024: Who presents it and when? Why is it significant for the economy?

The Economic Survey is traditionally presented to Parliament before the Union Budget. The inaugural Economic Survey of India was first presented for the fiscal year 1950-51.

FM Sitharaman announces pan-India roll out of biometric authentication to curb fake invoicing

The Aadhaar authentication is expected to combat fraudulent input tax credit claims, the Finance Minister said.

MC Explains: What is the 'safe harbour' clause under Section 9A of Income Tax Act, and why does it need a relook?

Capital-market experts, in a meeting with the FM Nirmala Sitharaman, have asked for a revisiting of some conditions under this clause.

Govt to look at policy, fiscal support in sunrise sectors, AI, space going ahead: FM

Sitharaman was speaking at the Pandit Hriday Nath Kunzru Memorial Lecture in Delhi's JNU.

Introspect on ways to stay relevant in India's journey to a developed country: FM tells SPMCIL

Addressing the foundation day of SPMCIL, Sitharaman said at a time when minting coins in a digital era has become slightly jaded, the corporation has kept itself relevant by coming out with commemorative coins which can be gifted as souvenirs.

FM Sitharaman proposes Rs 1.18 lakh cr Interim Budget for Jammu & Kashmir

The capital expenditure for the fiscal has been proposed at Rs 38,566 crore, which is 14.64 percent of the GSDP, as per the Jammu and Kashmir Interim Budget 2024 tabled by the FM in Parliament

Top MICE destinations in India for your next work meeting or conference

While India has been well-known for its medical and religious tourism, the success of the G20 Summit showcased India’s robust MICE infrastructure and cultural and natural heritage to the world. Finance Minister Nirmala Sitharaman announcing plans to make India a global tourism hub will act as a fillip.

FM Sitharaman on Budget, jobs, rural economy and more – the definitive interview

The 2024-25 Budget has received plaudits from all corners despite it only being a Vote-on-account and devoid of any major policy changes. Attracting the most praise has been the government’s decision to target a fiscal deficit of 5.1 percent of GDP next year, well below expectations of 5.3 percent.

Govt’s fiscal consolidation plan to aid private sector, boost capex revival

At a time when private capex is expected to revive, the government’s commitment to cut its expenses will bode well for the cost of borrowing of the private sector.

A confident interim budget from a government in full command

The FM clearly felt no need to dole out sops as some had predicted. The emphasis on investment is prudent, with consumption currently constituting 61% of GDP and investment at slightly above 30%. To achieve 8-10% growth, investment should exceed 35%.

Nirmala Sitharaman Speech: Full text of Interim Budget here

Finance Minister Nirmala Sitharaman on February 1 presented the last Budget of Prime Minister Narendra Modi’s government before the 2024 Lok Sabha elections. This was the sixth Budget she presented and the shortest one too. Read full text of election Budget speech here

Budget 2024-25 lowers fertiliser subsidy allocation by 13% to Rs 1.64 crore

The allocation for fertiliser subsidy for the current fiscal year FY24 has been increased to Rs 1.89 lakh crore in the revised estimates.

Budget 2024: Digital public infrastructure important for formalisation of economy, says Finance Minister Nirmala Sitharaman

Union minister Rajeev Chandrasekhar previously said that India's digital public infrastructure had helped transfer $400 billion or Rs 29 lakh crore of benefits to beneficiaries between 2018 and 2023.