Fitch Ratings said that the budget will be broadly neutral for growth and continued to project real GDP expansion of 6.4 per cent in FY25 and 6.5 per cent in FY26
The most important question is this: In a country at India's income level, is it right or wise to exempt those earning ₹12 lakh a year from the income-tax net?
Updated On : 04 Feb 2025 | 10:09 PM ISTThe government cannot entirely overlook the need to evaluate and determine expenditure based on the military threats and capabilities of China and Pakistan
Updated On : 04 Feb 2025 | 10:05 PM ISTIndividuals with an annual income of above Rs 24 lakh will save Rs 1.1 lakh in taxes under the proposed regime.
Updated On : 04 Feb 2025 | 9:06 AM ISTShares of Restaurant Brands Asia, Westlife Foodworld, Sapphire Foods India, Jubilant Foodworks and Devyani International can rally up to 15% from present levels, suggest technical charts.
Post-Budget Investment Opportunities: Focus on Infrastructure, EVs, and Consumer Finance
Hopes tax benefits in Budget 2025 will spur consumption, sales
Finance Secretary Tuhin Kanta Pandey on Tuesday said the government has taken measures to lower fiscal deficit and delivered a non-inflationary Budget, and hoped that the RBI's monetary policy will work in tandem with fiscal policy to support growth. He also said that although rupee depreciation increases inflation on imported inputs, it also adds to export competitiveness. Pandey said that the government has bettered its fiscal deficit projections for the current fiscal as well as the next. The fiscal deficit for FY'25 has been pegged lower at 4.8 per cent of GDP, lower than budgeted 4.9 per cent, while for FY'26 the deficit is projected to be 4.4 per cent, lower than what was given in the consolidation roadmap. "It is very important to be very clear that we (government) have to remain within a certain fiscal regime. We have, to that extent, aided the monetary authorities to say that if they (RBI) have to do what they have to do, we are supportive. The fiscal policy and monetary ..
Although public debt has gone up across the world after the pandemic, it is in India's interests to reduce it to a more manageable level
Parliament Budget Session news: Catch all the major updates from the ongoing Budget session of the Parliament
S&P Global Ratings on Tuesday said the Budget for 2025-26 will boost India's growth over the next few years via domestic demand through income tax cuts and the country will achieve the targeted 4.4 per cent fiscal deficit despite hiking I-T rebate. S&P said India's union Budget is in line with its expectation of gradual fiscal consolidation and that undergirds the positive outlook on India's sovereign ratings BBB-'. The deficit targets are also consistent with S&P's projections. "We believe India will hit its deficit targets despite revenue loss from lifting the threshold for minimum taxable income and slower economic growth. Support will stem from continued large dividends from the central bank and potential capital underspending," S&P said in a statement. The fiscal 2026 budget will boost growth over the next few years via domestic demand through tax cuts for households, it added. "We anticipate consumer spending and public investments will maintain real GDP growth ..
The budget announcements aim to foster public-private cooperation and are expected to attract global investments in the infrastructure sector, industry players and experts said. In her budget speech on Saturday, Finance Minister Nirmala Sitharaman made several announcements to give a push to various sectors, including infrastructure. She said Rs 1.5 lakh crore will be provided towards 50-year interest free loans to states, for infrastructure development, and an asset monetisation plan will be launched for 2025-30 period to infuse Rs 10 lakh crore capital in new projects, besides an outlay of Rs 500 crore for setting up a centre of excellence in artificial intelligence for education. Rasmi Ranjan Ray, SUEZ India CEO said the Budget has set the stage for transformative, infrastructure-led growth with a record allocation of Rs 1.5 lakh crore in the form of 50-year interest-free loans to states for infrastructure projects. Virendra D Mhaiskar, Chairman & Managing Director, IRB ...
The Maritime Development Fund announced by the FM will have a corpus of Rs 25,000 cr; besides, tax breaks and easier infra credit access to shipbuilders aim to reinvigorate the shipbuilding industry
The government is framing schemes for MSME exporters to provide credit at easy terms, promote alternate financing instrument through strengthening factoring services for them, and offer assistance to deal with non-tariff measures imposed by other countries, an official said on Tuesday. The commerce, MSME and finance ministries are working on these schemes, Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi told reporters here. These schemes are being formulated under the export promotion mission, announced in the Union Budget for 2025-26. The schemes are expected to be rolled out in about 4-5 months, he said. The government on February 1 announced the setting up of an Export Promotion Mission with an outlay of Rs 2,250 crore to promote the country's outbound shipments. Finance Minister Nirmala Sitharaman has said through the mission, the government will facilitate exporters to get easy access to credit, cross-border factoring support, and support MSMEs to tackle non-ta
Based on inputs from the pilot project, government is likely to introduce some tweaks to the programme to make it more viable for applicants and industry, besides raising awareness about the scheme
Given the transformative effect the two schemes have had on infant mortality and other health indicators, government has decided to keep the momentum going with similar levels of Budgetary allocations
New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative'
The Union Budget 2025 brings notable tax relief, particularly for middle-income earners
Individuals earning up to Rs 12,00,000 per annum exempted from income tax; salaried taxpayers get additional Rs 75,000 standard deduction
Stocks to Buy After Budget 2025: Budget 2025 fine print showed the Government has shifted its focus away from the 'traditional' capex drivers, such as railways, roads to 'other sectors'