New Delhi: The Union budget for FY26 may allocate 5-10% more funds to the Panchayati Raj ministry with a higher outgo towards the Rashtriya Gram Swaraj Abhiyan (RGSA), said ministry secretary Vivek Bhardwaj in an interview. He added that in the runup to the budget the ministry is planning to take a few initiatives that…
Finance minister Nirmala Sitharaman is all set to present the budget for FY26 on 1 February. The upcoming Union budget presents a unique opportunity to accelerate the growth of India’s pharmaceutical and life sciences sector. By allocating substantial funds for healthcare, enhancing the accessibility and affordability of life-saving medicines, prioritizing cutting-edge research, and advancing infrastructure,…
New Delhi: The Union Budget for 2025-26 is likely to step up financial support for startups and small businesses that account for nearly a third of the nation’s economic output. The central government is looking to ensure they get adequate working capital, trade finance and funds needed for growth at attractive terms, according to two…
New Delhi: The PM Internship Scheme, which has fallen short of the target despite a positive response to its pilot phase, may include millions of small businesses to help boost employment in the country. The union ministry of corporate affairs, the nodal ministry for the initiative, is discussing the inclusion of micro, small and medium…
New Delhi: India’s aviation sector is growing rapidly, this is evident from record breaking domestic passenger movement and pending delivery of over 1000 aircraft to Indian airlines. In November 2024, for the first time ever the daily domestic passenger numbers crossed 5 lakh mark. If one looks at the average daily domestic passenger movement since…
While the exact changes to the new personal income tax regime will be finalized over the next few days, discussions are currently on to increase the standard deduction for individuals which was last revised to ₹75,000 in the July 2024 budget, further raise the basic tax exemption limit from ₹3 lakh, and to rework the…
Swapping drained batteries for new ones is seen as an idea to encourage the adoption of electric vehicles, since batteries take much longer to charge than filling up at a fuel station. Finance minister Nirmala Sitharaman had announced the plan for a battery swapping policy in the budget for FY23 and policy think tank Niti…
New Delhi: India’s electronics and semiconductor industries are expecting a number of incentives from the upcoming FY26 Union budget, largely focused on increasing the domestic value addition in a steadily growing industry, consultants and stakeholders said. With finance minister Nirmala Sitharaman set to unveil the budget on 1 February, the electronics retail, manufacturing and design…
Part 1 covered fiscal deficit, foreign direct investment, disinvestment, and India’s energy transition. Part 2 covered IT hiring and AI, internal migration, and the government’s pension expenses. Skilling: From degrees to employability India is in the middle of a demographic dividend—where we have more hands to work than to support—and it’s going to last till…
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