Nirmala Sitharaman

Union Budget 2025 Expectations Latest News Today (January 15): Will taxpayers get relief from burden of multiple taxes on Feb 1st?

Typically, the term "black budget" refers to the allocation of funds for classified or secret projects. However, in the Indian context, the 1973 Union Budget presented by then Finance Minister Yashwantrao B Chavan is known as the "Black Budget" due to its abnormally high fiscal deficit

Union Budget 2025 Expectations: Analysts are optimistic about the sector's prospects, particularly since the upcoming budget is expected to reinforce infrastructure-led growth.

Sitharaman said technology is being misused by some vested interests or dark forces and noted that India's growth may not go down well with some people

Market observers anticipate reforms such as tax rebate on housing loan interest, revision in the GST input tax credit rules and introduction of a simplified single-window clearance system will give further impetus to the sector

Union Budget 2025 Expectations Latest News Today (January 13): Although the government has not yet issued an official confirmation, it is widely expected that Finance Minister Nirmala Sitharaman will announce the second full-fledged budget of the Modi 3.0 government on the first day of the coming month.

Union Budget 2025 expectations updates: Union finance minister Nirmala Sitharaman will present the Budget on February 1

Union Budget 2025: According to market data, Indian bourses registered their best-ever budget day performance on February 1, 2021, in the last two decades.

The industry remains hopeful for any comments by the finance minister on the long-standing demand on the GST front, and is also looking for the government's position on green energy.

In the upcoming Budget, the Centre is considering cutting income tax for individuals earning up to Rs. 15 lakh/year in order to provide some relief to the middle class.

Railway Budget 2025: Ahead of the Budget presentation, Indian Railways released its expenditure report on January 5 last week. In the report, the Railways said that it had spent 76 percent of the total budgetary allocation.

While a populist budget can provide immediate relief to the public and short-term boost to the markets, it is not good for the country's long-term economic growth.

Budget 2025 Expectations Updates: At the same time, sectors like healthcare and education are likely to see enhanced budgetary allocations, with an emphasis on strengthening public health infrastructure, digital education, and skill development programs.

Union Budget 2025 Expectations Latest News A key proposal from the banking sector was the introduction of tax incentives for fixed deposits (FDs).

Union Budget 2025: The stock market will also remain open on Saturday, February 1, for the Union Budget presentation. Both the National Stock Exchange and the Bombay Stock Exchange will operate during their usual trading hours, from 9:15 am to 3:30 pm on February 1.

The meeting was attended by Union Minister of State for Finance Pankaj Chaudhary, Finance Secretary and DIPAM Secretary Tuhin Kanta Pandey, Economic Affairs Secretary Ajay Seth, Commerce Secretary Sunil Barthwal, and Chief Economic Adviser V Anantha Nageswaran.

The GST law provides for levy of special taxes for a specified period to raise additional resources during any natural calamity or disaster.

The separate tax slabs recommendation by the GST Council on a single product did not go down well with social media users.

GST Council Meeting Highlights: Payment aggregators under Rs 2,000 eligible for exemption, announces Sitharaman

GST Council Meeting: The current GST slabs of 5, 12, 18 and 28 percent will continue. Additionally, a new slab of 35 percent is likely to be introduced targeting sin goods.