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New Delhi: The Ministry of External Affairs (MEA) has allocated Rs 5,483 crore for aid to foreign nations, slightly higher than last year’s Rs 4,883 crore. The overall budget for the MEA stands at Rs 20,516 crore, with aid to neighbouring and strategic countries remaining a crucial component. The MEA budget has placed a key…
Union Budget 2025 Live Updates: Union Finance Minister Nirmala Sitharaman on Saturday presented the Budget for the third term of the Bharatiya Janata Party (BJP)-led government, providing significant tax relief to the salaried middle class that was struggling with high prices and stagnant wages. Making a slew of announcements, Ms Sitharaman said individuals having an…
Last Updated:February 01, 2025, 14:35 IST The Ministry for Youth Affairs and Sports has been allocated Rs 3,794.30 crore, an overall jump of Rs 351.98 crore. Sports Minister Mansukh Mandaviya (PTI) The government’s flagship Khelo India programme to scout and nurture athletes at the grassroots level was the biggest beneficiary as the allocation for sports…
There may be concessions for the middle class, which is pinning hope on a reduction in income tax rates, along with a hike in standard deduction. Under the old tax regime, the basic income exemption limit is set at Rs 2.50 lakh, while in the new tax regime, the limit is Rs 3 lakh. With…
New Delhi10 minutes ago Copy link This time in the budget, the government has removed custom duty from 36 life saving medicines. Apart from this, duty removal has also been announced from lithium-ion battery scrap. This will make life saving medicines and batteries cheaper. At the same time, the government has increased the duty on…
Budget 2025 India Expectations Live Updates: Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025 on February 1, 2025, six months after unveiling the first full budget of the Modi 3.0 regime. While taxpayers are awaiting potential reductions in tax rates and higher exemption limits in the face of high inflation and…
Budget 2025 Expectations Live Updates: With less than a week to go until the Union Budget presentation, industry stakeholders, experts, and economists are closely watching for key reforms and announcements from Finance Minister Nirmala Sitharaman. The Budget comes at a time of subdued economic momentum, a weakening rupee, and ongoing geopolitical uncertainties. As a result,…
India Budget 2025 Expectations Live Updates: Industry stakeholders eagerly await Finance Minister Nirmala Sitharaman’s upcoming Union Budget, with one key question on everyone’s mind: Will the Budget stimulate consumption, boost GDP growth, and provide tax relief to the common man and salaried individuals? Each year, the middle class looks to the Finance Minister for tax…
New Delhi10 minutes ago copy link Now only a few things become cheaper or costlier in the budget. The government implemented GST across the country on 1 July 2017, after which only custom and excise duty is increased or decreased in the budget. The increase or decrease in duty has an indirect effect on the…