As US president Donald Trump threatens to impose reciprocal tariffs on its trading partners, potentially upending global commerce, India has placed a significant emphasis on invigorating manufacturing and exports while also opening up the domestic market. As part of the customs duty rejig, the government lowered import tax on a range of products such as…
Here’s a handy alphabetized list of the key themes that shaped the most important financial document of the year: It can’t be a Budget without annadatas and agriculture, can it? Identifying agriculture as one of the four powerful engines in India’s journey of development (the other three being MSMEs, investment and exports), the Budget unveiled…
Before you pop the champagne, though, there are two points to consider. First, zero tax up to ₹12 lakh as well as the attractive new tax slabs are only applicable to the new tax regime. At the same time, the old tax regime does remain relevant in some cases. Second, if your taxable income is…
The Union budget has set a new five-year target to cut the central government’s debt to 50% of gross domestic product, give or take 1%, by 31 March, 2031. The budget, presented by finance minister Nirmala Sitharaman on Saturday, also sought to signal the Narendra Modi administration’s commitment to fiscal prudence and infrastructure creation, including…
“Banks write off NPAs, including those in respect of which full provisioning has been made on completion of four years, as per the Reserve Bank of India (RBI) guidelines and policy approved by banks’ Boards,” Minister of State for Finance Pankaj Chaudhary said. File Photo: Sansad TV via ANI Public sector banks (PSBs) have written…
The Economic Survey called agriculture the “sector of the future” and the FM echoed this sentiment in her budget speech, emphasizing garib, youth, annadata and nari. Despite this focus, key gaps remain. Firstly, there is a budget cut for agriculture ministry. Despite the rhetoric, the Ministry of Agriculture and Farmers’ Welfare (MOA) saw a ₹3,500…
FIIs offloaded equities worth ₹1,202.65 crore on August 11, 2025, according to exchange data. File | Photo Credit: PTI Benchmark indices Sensex and Nifty ended lower in a highly volatile trade on Tuesday (August 12, 2025) dragged down by blue-chip bank stocks and caution ahead of domestic and U.S. inflation data. The 30-share BSE…
As of 2023-24, the Central Government has failed to transfer ₹3.69 lakh crore worth of cess collections to the relevant funds for which the cess was implemented, the Comptroller and Auditor General has found. A cess is a levy over and above a tax and has to be used for a particular purpose. These short…
The Union budget presented on Saturday saw a 9.8% increase in the allocation for the healthcare sector to ₹99,858.56 crore from ₹90,958.68 crore in the previous financial year but overall health allocation remained below 2% of the budget. The share of health in the FY26 budget increased marginally to 1.97% from 1.9% in FY25 and…
Representative image | Photo Credit: Reuters The rupee consolidated in a narrow range to settle just 3 paise higher at 87.72 (provisional) against the U.S. dollar on Tuesday (August 12, 2025) amid a negative trend in domestic equities. Forex traders said the rupee is trading in a tight range as a late decline in domestic…
