Union budget

Direct tax collections poised to surpass budget target for 2024-25

The Income Tax Department expects to surpass the direct tax collection target of Rs 22.07 lakh crore fixed in the Union Budget for the current financial year, according to Central Board of Direct Taxes (CBDT) chairman Ravi Agarwal.

2 days ago

Enrollment for PM Internship Scheme kicks-off, youth to get Rs 5,000 per month

PM Internship Scheme officially kicks-off with registrations on Dussehra

Enrollment for the Modi government's PM Internship Scheme began on Saturday the day of Dussehra. The scheme is aimed at benefiting around 10 million young people over the next five years.

Oct 12, 2024

Centre notifies rules and forms for Direct Tax Vivad Se Vishwas Scheme

Vivad Se Vishwas: India's Answer to Pending Tax Disputes

The government on Saturday notified rules and forms for the Direct Tax Vivad Se Vishwas Scheme 2024 (DTVSV 2024) to resolve pending appeals in the case of income tax disputes.

Sep 21, 2024

Industry hails extension of FAME II scheme to bolster EV infra

Indian Electric Vehicle Market Projected to Grow 40% by 2027

India's Electric Vehicle (EV) market is projected to grow at a CAGR of 35-40% until 2027, driven by government incentives, rising fuel prices, and increased consumer awareness.

Sep 11, 2024

Food & grocery delivery, digital payments top Indians' priorities on smartphones

Daily online grocery demand slows down, FMCG sales drop: Report

India's FMCG sector growth slows to 4% in Q1 FY25, but rural demand rises, driving optimism for 4.5-6.5% growth in FY24.

Aug 9, 2024

India hiring sees 11 pc surge in July, retail & telecom jobs lead

India's Job Market Records 11% Yearly Increase in July: Report

India's job market has been witnessing a significant surge, with an 11% yearly increase in hiring activity in July, as compared to the same period last year. This growth has been primarily led by the retail and telecom sectors, according to a report by talent platform foundit (formerly Monster APAC & ME).

Aug 7, 2024

9 priorities of Union Budget: FM unveils road map for 'Viksit Bharat'

Union Budget: Foreign investors upbeat, UKIBC calls India 'the most exciting economic story'

UK India Business Council on Wednesday congratulated Finance Minister Nirmala Sitharaman and the government for an emphasis on facilitating foreign investments

Jul 24, 2024

Experts hail Rs 1.48 lakh cr Budget allocation for education, employment & skilling

Sensex opens negative as sentiments run low after budget

At 9:52 a.m., Sensex was down 280 points or 0.35 per cent, at 80,174 and Nifty was down 72 points or 0.30 per cent.

Jul 24, 2024

Budget 2024-2025 explained, but through social media memes

As the political parties got busy in applauding or criticizing the key features, a lot of social media memes focused on the status and treatment of the the Indian middle class in the budget

Jul 23, 2024

Union Budget: Markets bet big on defence, capital goods, electronics manufacturing, tourism

Budget 24-25: FM all set to present her 7th Budget with major reforms

The Union Budget is unlikely to leave any subject that was not under focus during the recent elections

Jul 23, 2024

Budget will see many 'historic steps' towards making India the 3rd largest economy: President Murmu

President Droupadi Murmu on Thursday said the upcoming Union Budget will be an effective document of the government's far-reaching policies and futuristic vision.

Jun 27, 2024

Pre-Budget Discussion: Nirmala Sitharaman holds meeting with state finance minister

Union Minister for Finance Nirmala Sitharaman chaired pre-Budget consultations with the Finance Ministers of states and Union Territories to take their views on board for the upcoming Union Budget 2024-25 here on Saturday.

Jun 22, 2024

Centre releases Rs 1.39 lakh crore for states under tax devolution

The Indian government has released Rs 1,39,750 crore for states

Jun 11, 2024

Mahila Samman Savings Certificate scheme comes into effect from today [Details]

The Mahila Samman Savings Certificate 2023 scheme, which was announced by the government in the Union Budget, has come into effect from Friday.

Mar 31, 2023

AAP raps FM: Delhi's gets Rs 325 cr despite paying Rs 1.78L cr in direct taxes [details]

Chief Minister Arvind Kejriwal called the Budget a "step-motherly treatment with the public of Delhi".

Feb 5, 2023

Govt announces Customs duty cuts on goods other than textiles, agriculture; see what's changed

Union Finance Minister Nirmala Sitharaman during her Budget speech on Wednesday proposed to reduce the number of Basic Customs Duty (BCD) rates on goods other than textiles and agriculture from 21 per cent to 13 per cent.

Feb 1, 2023

Union budget likely to continue capex hike to boost investment [details]

The forthcoming Union budget is expected to focus on boosting capital expenditure in 2023-24 too, as has been the case for the past several years.

Jan 22, 2023

Only twice in 30 years, the market's been up both pre and post Budget [details]

History suggests that the Union Budget's influence on short-term market performance is declining, foreign brokerage, Morgan Stanley said in a report.

Jan 22, 2023

Road safety body IRF urges FM to waive GST on 'life saving helmets'

Road safety body International Road Federation (IRF) wrote a letter to Union Finance Minister Nirmala Sitharaman, demanding removal of GST on life saving device helmets for safety of the two-wheeler riders in the forthcoming Union Budget 2023-24.

Jan 19, 2023

Fair price shop owners oppose decision to stop PMGKAY, threaten agitation, ration bandh

Fair price shop dealers have opposed the government's decision to stop the Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY), saying that they will incur a loss of Rs 484 crore due to the move.

Jan 12, 2023

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