Economy

New Delhi: The Union Budget 2025-26 reaffirms India as an innovation and knowledge-centric economy with a slew of reforms across agriculture, MSME, export centricity, education and healthcare, and balancing skills and AI, SBI Chairman C.S. Setty said on Saturday. The rationalisation of personal tax reforms could unleash a potential consumption boom of at least Rs

New Delhi: Union Finance Minister Nirmala Sitharaman on Saturday announced to set up 50,000 Atal Tinkering Labs in government schools in the next five years. This initiative has been taken to cultivate the spirit of curiosity and innovation and foster a scientific temper among young minds. The Union Budget also proposes to provide broadband connectivity

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, it was announced in the Union Budget 2025-26 on Saturday. The MEA has been allocated Rs 20,516.61 crore, which is lower than the revised estimate of Rs 25,277 crore

Guwahati: Hailing the Union Budget 2025-26, the Indian Chamber of Commerce (ICC), Assam and Meghalaya Committee on Saturday said that it laid a strong foundation for the socio-economic transformation of Assam and the larger northeast region. Sarat Kumar Jain, Chairman of the ICC Assam and Meghalaya Committee, praised Union Finance Minister Nirmala Sitharaman for her

New Delhi: The Union Budget 2025-26 not only addresses current economic challenges but also lays a strong foundation for achieving the ‘Viksit Bharat’ vision, the Federation of Indian Chambers of Commerce and Industry (FICCI) said on Saturday. According to FICCI President Harsha Vardhan Agarwal, the Budget is a well-balanced approach that tackles immediate concerns such

New Delhi: The Narendra Modi government on Saturday complied with the Election Commission of India’s directive not to announce any Delhi-specific schemes or sops in the Union Budget 2025-26 yet managed to give voters in the election-bound city a few reasons to cheer. Apart from the tax exemption for the middle class, which will benefit

New Delhi:   As many as 1 crore more people will pay no income tax after the increase in rebate to Rs 12 lakh announced in the Budget for 2025-26, Finance Minister Nirmala Sitharaman said on Saturday. Addressing a post-budget press conference, she said that the move would “put more money in the hands of people”.

New Delhi: The big-ticket announcement by Finance Minister Nirmala Sitharaman regarding the income tax slab for an income up to Rs 12 lakh has brought wide cheers to the faces of the middle-class and taxpayers. By bringing down their tax liability to nil, FM Sitharaman unveiled the bonanza at a time when they least expected

New Delhi: Finance Minister Nirmala Sitharaman on Saturday enhanced the total outlay for Jal Jeevan Mission to Rs 67,000 crore in her proposals for Budget 2025-26 and said that the Mission stands extended until 2028. FM Sitharaman stated that 15 crore households representing 80 per cent of India’s rural population have benefitted from the Jal

New Delhi: Finance Minister Nirmala Sitharaman identified agriculture as “the first engine” for India’s development journey with the announcement of a slew of measures in Budget 2025-26 to raise farm production and increase the incomes of farmers. She said that a Makhana Board would be set up in Bihar, to improve the production, processing, value