Latest Updates on Budget 2025-26

India's GDP expands 7.4% in Q4 to meet annual growth estimates of 6.5%

Nominal GDP for FY25 grew at single digit at 9.8 per cent to Rs 330.7 trillion, slightly higher than Rs 324.1 trillion factored in the Budget

Govt outperforms on fiscal deficit, brings it down to 4.77% of GDP in FY25

Capital expenditure for FY 2024-2025 at Rs 10.5 trillion stood at 103.3 per cent of the revised estimate for the year, CGA data showed

Nepal govt announces budget of nearly Rs 2,000 billion for 2025-26

Nepal's Deputy Prime Minister and Finance Minister Bishnu Paudel on Thursday unveiled a budget of approximately NPR 1,964 billion for the upcoming fiscal year 2025-26. Paudel allocated NPR 730 million in subsidised loans to support startups in the budget, which was presented during the joint session of the Parliament. The loan scheme will be offered at a concessional interest rate of just 3 per cent and is aimed at encouraging innovation and entrepreneurship, particularly among the Gen-Z people (those born between 1997 and 2012). For the social security allowance, the government has allocated NPR 109 billion in the budget, which will take effect from mid-July. Similarly, NPR 10 billion has been set aside for health insurance. Additionally, to attract international students, free visas will be offered as part of a scheme outlined in the budget to foreign students wishing to pursue higher studies in Nepal.

In transit: ₹2,250 cr mission to boost exports amid global uncertainties

Govt raises duty drawback rates for gold and silver jewellery

Bengaluru municipal body unveils Rs 19,930 crore Budget for 2025-26

The Bruhat Bengaluru Mahanagara Palike (BBMP) on Saturday presented its budget for 2025-26, prepared under the "Brand Bengaluru" concept, with an outlay of about Rs 19,930 crorean almost 50 per cent increase from the previous fiscal year, officials said. The budget proposes to collect a solid waste management user fee along with property tax from the year 2025-26. Presented by BBMP Special Commissioner (Finance) Dr Harish Kumar K, the major portion of the budgetabout 65 per cent, amounting to Rs 12,952.20 crorehas been allocated for development works. This was the fifth consecutive budget presented in the absence of an elected body. BBMP Administrator S R Umashankar and Chief Commissioner Tushar Girinath were present during the budget presentation. "For the first time, BBMP has presented a budget of this scale. Last year, our budget was Rs 13,408 crore; this time, it has increased by Rs 6,521.15 crore to Rs 19,930.64 crorean almost 50 per cent rise from last year. This was possible

Parliament approves Finance Bill 2025, completes Budget FY26 exercise

The Rajya Sabha on Thursday returned the Finance Bill 2025 to the Lok Sabha, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements, thus completing the 2025-26 budgetary exercise that started on February 1. The House also returned the Appropriation Bill (3) with a voice vote. Earlier in the day, Finance Minister Nirmala Sitharaman had moved the two bills in the House. The Lok Sabha had passed the Finance Bill on March 25 and passed the Appropriation Bill on March 21. Replying to the debate later in the evening, she said the tendency of the finance ministry would be to exercise caution and not let go of revenues. "But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax," Sitharaman said. The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent ov

Himachal's Budget strained by high committed spending: Indi-Ra report

Himachal Pradesh's revenue deficit is expected to be around 30 basis points higher than the budgeted 2.5% of gross state domestic product (GSDP) in FY26

Highlights: More than 114 detained in connection to Nagpur violence so far

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Delhi CM allocates Rs 900 crore for slums; takes 'Sheesh Mahal' jibe at AAP

Delhi Chief Minister Rekha Gupta on Tuesday announced an allocation of more than Rs 900 crore for providing basic amenities in slum clusters as she accused the previous AAP government of building a "Sheesh Mahal" and neglecting the needs of slumdwellers. She also took a jibe at the opposition AAP MLAs, saying in a lighter vein that the "Sheesh Mahal" would be included in Delhi's tourism circuit. The BJP -- which returned to power in Delhi after more than 26 years -- built its poll campaign narrative around corruption to corner AAP and party supremo Arvind Kejriwal, dubbing the former chief minister's official residence a "Sheesh Mahal" for its "lavishness". The BJP has already announced that its chief minister would not reside in the bungalow and that it would be put to some other public use. Gupta, who also holds the finance portfolio, on Tuesday presented the city government's 2025-26 budget with an outlay of Rs 1 lakh crore, marking a 31.5 per cent increase from the previous ...

Lok Sabha passes Finance Bill 2025 with 35 amendments, Rajya Sabha next

The amendments include one that abolishes a 6 per cent digital tax, popularly known as the 'Google Tax,' on online advertisements

Delhi Budget 2025: ₹5,100 crore allocated for ₹2,500 every month to women

Delhi Budget 2025-26: In the Assembly, Chief Minister Rekha Gupta said the Budget has 10 focus areas including infra development, electricity, roads, water

Highlights: SC Collegium recommends Justice Varma's transfer back to Allahabad HC amid cash row

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Maharashtra budget to boost real estate with infra focus: CREDAI-MCHI

Realtors' body CREDAI-MCHI has said the Maharashtra government's budget will give a significant boost to real estate sector because of huge allocation for infrastructure development and focus on affordable housing. CREDAI-MCHI, which is part of CREDAI, represents real estate developers in the Mumbai Metropolitan Region (MMR). On March 10, Maharashtra Deputy Chief Minister Ajit Pawar, who holds the finance portfolio, tabled the state budget in the legislative assembly and announced a new industrial policy, focussing on Rs 40 lakh crore investment and generation of 50 lakh jobs. The Mumbai Metropolitan Region is being developed as a growth hub, and it will have a USD 1.5 trillion economy by 2047, Pawar said as he announced a third airport in the metropolis near the Vadhvan port in the neighbouring Palghar district. CREDAI-MCHI President Domnic Romell said, "The Maharashtra state budget lays a strong foundation for economic growth through strategic investments in infrastructure and ..

IMF proposes tax target of over Rs 15 trillion in Pakistan's next Budget

The International Monetary Fund has (IMF) proposed a tax target of over Rs 15 trillion for Pakistan in the next budget, according to a media report on Saturday. The development comes days after the IMF urged Pakistan's Special Investment Facilitation Council (SIFC) to refrain from granting tax exemptions to international investment projects, including the Chaghi-Gwadar railway track project worth USD 2 billion. ARY News reported citing sources that the IMF delegation maintained that tax exemptions for international investments would hinder the country's revenue generation. The IMF and Pakistan are holding virtual talks, with 85 per cent of the discussions completed successfully. The talks are focused on finalising the details of the next budget, which is expected to be presented in the National Assembly soon. The new budget is expected to increase the tax-to-GDP ratio to 13 per cent and collect Rs 2,745 billion in non-tax revenue. The government is also expecting the economy to gro

Telangana Budget 2025: ₹3 trn allocated with focus on welfare, development

Telangana Budget 2025 proposes ₹2,26,982 crore for revenue expenditure and ₹36,504 crore for capital expenditure

Believe in 'Make in India', it's giving good results: FM to Oppn in RS

FM Nirmala Sitharaman said that production-linked incentive schemes attracted investments worth Rs 1.5 trillion so far, created 950,000 jobs

Dept of Future to ₹2100 for women: Highlights of Haryana's ₹2.05 trn budget

CM Saini made various announcements in the budget, including earmarking Rs 5,000 crore for 'Lado Lakshmi Yojana' under which Rs 2,100 will be given to the state's women

Parliament Budget highlights: Discussion on Manipur disallowed

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Deregulation Commission for India's growth: An idea whose time has come

But it will work only if it has both central & state-based regulations within its remit with active participation by all states

Parliament highlights: Immigration and Foreigner Bill introduced in Lok Sabha

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