Sunday, July 13, 2025

TOPIC

Nirmala Sitharaman

‘Dangerous precedent, dangerous delay’: HNG Workers Union accuse CCI and AGI Greenpac of derailing SC-backed insolvency process, writes to FM

The HNG Workers' Union has written to Finance Minister Nirmala Sitharaman expressing concern about delayed IBC process

Impact of US tariffs will be felt on India, Commerce Minister Piyush Goyal visiting USA for talks with Trump admin: Finance Minister Nirmala Sitharaman

Nirmala Sitharaman stated that the tariffs are likely to increase with the decision of the US President

Income Tax Bill 2025: Here are the highlights from the new direct tax bill introduced in the Parliament

The existing Income Tax Act has 23 chapters containing 536 sections and 16 schedules. The new Bill with 298 sections and 14 schedules will be more concise the existing act. Once passed in the Parliament, the Bill will come into effect from April 1, 2026

Rs 25,000 crore Maritime Development Fund, ‘infrastructure’ status for large ships: Modi govt plans big on shipbuilding

In the budget 2025-26, Union Finance Minister Nirmala Sitharaman announced that ships of specified size would be inducted in the harmonised master list of infrastructure making them eligible for financial incentives. This will attract private investment in the shipbuilding industry and enhance fleet modernisation.

Budget boost for textile industry: India gets ready to use advantage as businesses try to move away from Bangladesh

Additionally, the government has decided to boost cotton production and has announced a five-year Cotton Mission. Amid this, the government has decided to address the challenges of stagnant cotton productivity, especially extra-long staple varieties.

PM supported the idea of cutting income taxes but ministry bureaucrats needed to be convinced due to revenue concerns: FM Sitharaman

When asked how much persuasion did it take to get the PM on board regarding the cut in income tax, Sitharaman said that it was the bureaucrats who needed to be convinced

Income tax payable on same income has come down by over 50% since 2014: A comparison of the taxes across 11 years

While now there is no tax on income up to ₹12 lakh, in 2014 it was in the highest tax bracket, which started at ₹10 lakh with a tax rate of 30%.

Education, Health, Infrastructure, Taxation and more: Here are the key highlights of Budget 2025 across 10 key sectors

The Modi government provided significant relief to the middle class by making payable tax 'zero' for income up to 12 lakhs.

Union Budget 2025: Finance Minister Nirmala Sitharaman meets President Droupadi Murmu at Rashtrapati Bhavan ahead of Budget presentation

Union Finance Minister Nirmala Sitharaman and Minister of State for Finance Pankaj Chaudhary met President Droupadi Murmu at the Rashtrapati Bhavan ahead of Union Budget.

Economic Survey set to be presented in Parliament ahead of Budget Day: Read what it is, its importance, and history

The wait for the Budget 2025 is over as the Narendra Modi-led NDA government is set to table the Economic Survey in the Parliament on Friday afternoon.

Latest News

Recently Popular