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FM Nirmala Sitharaman

17 Feb 2025

FM Sitharaman Launches Mutual Credit Guarantee Scheme For MSMEs- Details Here

Mutual Credit Guarantee Scheme For MSMEs: The Finance Minister also distributed sanction letters to MSMEs qualifying for the scheme. This initiative aims to improve access to credit and significantly boost India's manufacturing sector.

16 Feb 2025

Bank Of Maharashtra Gets RBI Go-Ahead To Set Up Branch In GIFT City

Finance Minister Nirmala Sitharaman announced several incentives in the Union Budget including a slew of incentives aimed at promoting investment, employment and off-shore funding at GIFT's International Financial Services Centre.

11 Feb 2025

Average Tax Under GST Dips From 15.8% To 11.3%: FM Sitharaman In Rajya Sabha

The GST Council, which includes representatives from both the central and state governments, meets regularly to review tax policies and make necessary adjustments to ensure a fair and balanced taxation system.

03 Feb 2025

No Income Tax up To Rs 12 Lakhs, Then Why Tax Slabs Start At Rs 4 Lakh?

Income Tax Slabs Under New Regime For FY 2025-26: Finance Minister Nirmala Sitharaman provided major relief to taxpayers in the Union Budget 2025-26 by increasing the tax-free income limit from Rs 7 lakh to Rs 12 lakh. With a standard deduction of Rs 75,000 for salaried individuals, income up to Rs 12.75 lakh is now tax-free. However, this excludes capital gains, which continue to be taxed separately under short-term and long-term rates.

03 Feb 2025

Govt To Introduce New Income Tax Act For Tech-Driven Taxpayers- Details Here

New Income Tax Act: According to the government, about 78 per cent of taxpayers have already shifted to the new tax regime. Still, according to sources, the government is not in the mood to make any major changes to the old tax regime.

03 Feb 2025

Budget Sentiments Over, Market’s Focus Now Shifts To RBI MPC Meet On Feb 7

In a marked departure from previous years, the Budget chose to stimulate consumption and savings rather than focus only on capex. However, it continued to stay focused on fiscal consolidation.

New Tax Regime 2025

03 Feb 2025

No Tax Up To Rs 12 Lakh, But What If You Earn Even Rs 1 More?

Income Tax Slabs Union Budget 2025: Finance Minister Nirmala Sitharaman announced key changes to the income tax slabs under the new tax regime, which will impact your taxes for the FY 2025-26 The decision to switch to the new regime or remain in the old one depends on the deductions and exemptions you're eligible for under the old regime. While there is no tax on income up to Rs 12 lakh, does that mean someone earning Rs 15 lakh will only pay tax on Rs 3 lakh? No, the rebate applies only to those earning up to Rs 12 lakh. With the ₹75,000 standard deduction in effect, individuals earning up to ₹12,75,000 will receive a full tax waiver. However, those exceeding this limit will be taxed under the new tax regime for 2025. If your taxable income is even a rupee more than Rs 12 lakh, you will be taxed according to the slab rates under the new tax regime. Previously, those earning up to Rs 12 lakh paid a tax of Rs 80,000 under the new tax regime.

02 Feb 2025

Good News For Gig Workers As Nirmala Sitharaman Announces Major Benefits

Budget 2025: Notably, the scheme has no restrictions on family size, age, or gender, ensuring that all eligible individuals receive the care they need.

Union Budget 2025

02 Feb 2025

Union Budget 2025 To Drive Innovation And Job Creation: Industry Players

Budget 2025: Finance Minister Nirmala Sitharaman announced the National Manufacturing Mission, which aims to support small, medium, and large industries under the "Make in India" initiative.

01 Feb 2025

FM Raises Capex In FY 2025-26 To Rs 11.21 Lakh Cr For Funding Big Projects

Budget 2025: Finance Minister Sitharaman proposed to reduce the capital expenditure target to Rs 10.18 lakh crore from Rs 11.11 lakh crore for this fiscal year.

01 Feb 2025

Budget 2025: What Are Four Engines of Growth That FM Sitharaman Talked About?

Budget 2025: Union Finance Minister Nirmala Sitharaman has presented the Union Budget for the fiscal year 2025-26 today, delivering her eighth consecutive budget speech and setting multiple records in India’s financial history.

01 Feb 2025

Meet Woman Who Gifted Madhubani Saree To Sitharaman, Worked As Housemaid, Now

Union Finance Minister Nirmala Sitharaman presented her eighth consecutive budget on February 1, 2025, wearing an off-white Madhubani saree gifted by Padma Shri awardee Dulari Devi. Devi, from Bihar's fisherman community, overcame hardships to become an accomplished Madhubani artist. Her paintings, displayed in over 50 exhibitions, promote awareness on social issues. Sitharaman’s saree, featuring fish motifs, continues her tradition of highlighting India’s handloom heritage in budget presentations. (Pictures by PTI)

01 Feb 2025

India Post to Become Major Logistics Hub with 1.5 Lakh Rural Post Offices

Budget 2025: FM Nirmala Sitharaman also announced the government's plan to set up a urea plant with a 12.7 lakh tonne capacity in Assam. Further, the finance minister announced the enhancement of investment and turnover limit.

01 Feb 2025

'Toy-ing' With Budget: Sitharaman Gives Push To PM Modi's Clarion Call

Budget 2025: PM Narendra Modi encouraged Indians especially start-ups to be "vocal for local toys", citing the nation's rich heritage and traditions that could drive innovations in the global toy industry.

01 Feb 2025

What FM Nirmala Sitharaman Offers For Taxpayers, Farmers, And Businessmen?

Budget 2025: Finance Minister Nirmala Sitharaman sets a new record as the only finance minister to present the budget for eight consecutive years and the first to do so in the third term of Prime Minister Narendra Modi's government.

01 Feb 2025

How To Watch FM’s Budget Speech Live On Android And iOS Devices; Follow Steps

Budget 2025: The Budget session of Parliament, which began on January 31 with President Droupadi Murmu’s address, will be held in two parts. The first session will run until February 13, while the second is scheduled from March 10 to April 4.

01 Feb 2025

Budget 2025: What Indian Middle Class Wants; Check Taxpayer's Wishlist

Budget 2025 Time: Finance Minister Nirmala Sitharaman will present the Union Budget 2025 today at 11 AM. This marks her eighth budget and the second full-fledged budget of the Modi-led NDA government's third term. As anticipation peaks, investors, businesses, and policymakers await crucial reforms that could redefine India's economic trajectory. With no major tax changes in the past decade, taxpayers are hoping for long-awaited relief this time. According to the Economic Survey tabled on Friday, India's economy is projected to grow between 6.3% and 6.8% in 2025-26, setting the stage for fiscal and policy decisions that could shape the country's financial future. What the Indian middle class expects from this budget 2025, let's have a quick look...

01 Feb 2025

Budget 2025: 10 Key Points To Know Before Nirmala Sitharaman’s Speech Today

The Union Budget for the financial year starting April 1 is expected to focus on reviving economic growth while maintaining fiscal discipline.

31 Jan 2025

Economic Survey 2025: Know Its Importance And History

Finance Minister Nirmala Sitharaman is all set to table the Economic Survey for 2025 in the Lok Sabha on Friday soon after President Droupadi Murmu`s Address to both Houses of Parliament.

26 Jan 2025

Budget 2025-26: Income Taxpayers Want FM Nirmala Sitharaman To Cut Rates

However, to further enhance the appeal of the new tax regime, about 46 per cent of respondents advocate for lowering tax rates, while 26 per cent believe exemption limits can be increased, the survey states.

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