The budget this year came in the background of an economic slowdown led by weak urban consumption and lower government capex. Hence, finance minister (FM) Nirmala Sitharaman was expected to stimulate growth while continuing on the path of fiscal consolidation. The budget has delivered on this by incentivizing urban consumption through tax cuts while continuing…
The finance ministry expects ₹40,000-45,000 crore to flow into banks as deposits from the various tax changes announced in the Budget, including raising the tax-free income level to ₹12 lakh, financial services secretary M Nagaraju said during a media interaction on various Budget proposals on Monday. Union Budget 2025, which finance minister Nirmala Sitharaman presented…
The political and economic uncertainties shaping the world today have been a key driver for several budget proposals, including the widely debated tax cut and revisions to tax slabs, chief economic adviser V. Anantha Nageswaran said on Monday. Speaking at a post-budget interactive session organized by the Confederation of Indian Industry (CII), Nageswaran said the…
₹86,000 crore.”/> Data Insights View More + Premium Offerings View More + MultiMedia Collections View More + Copyright © HT Digital Streams Limited All Rights Reserved. Additional funds for MGNREGS would have boosted consumption among the poorest who…
The Central Board of Direct Taxes (CBDT) has prepared and circulated its annual strategy for the new financial year to field officers this week, said one of the two persons quoted above, speaking on the condition of anonymity. It has laid down targets for not only tax collection from different regions, led by Mumbai and…
New Delhi: Prime minister Narendra Modi on Tuesday said the income tax rationalization undertaken by the Centre in the last 10 years has left more money in the hands of the middle class. The Union budget presented on 1 February made income up to ₹12 lakh tax-free, up from ₹7 lakh earlier. Factoring in the…
Is the Centre financially squeezing the States? The question arises as the Union government has been increasingly sharing less revenue with the States at a time when the ability of the States to generate revenue has weakened and their borrowing capacity curtailed. In 1962, several States complained to the Third Finance Commission (FCIII) about a…
