Nirmala Sitharaman News

Union Budget for the next fiscal year, Finance Minister Nirmala Sitharaman may have a big task to do for PLI schemes.

IT industry body Nasscom has batted for tweaks in safe harbour rules and widening the scope for utilisation of SEZ reinvestment reserves in its Budget wishlist, while advocating for creation of a central deeptech fund to bolster startup ecosystem in India. Creation of a grant framework for the deeptech ecosystem, and making the deferment of the time of payment of tax on Employee Stock Option Plan available to employees of all DPIIT-recognized startups also tops the Budget expectations of the industry.

Budget 2025 Expectations Live Updates: Corporate India is seeking tax reforms, lower GST rates, regulatory updates, and anticipating various capex allocation announcements in Finance Minister Nirmala Sitharaman's eighth Budget speech on February 1, 2025. Taxpayers are keenly watching for some relief for the middleclass amid the current economic situation.The first part of the Parliament's Budget session is confirmed to begin from January 31 till February 13, 2025.

budget presented by Finance Minister Nirmala Sitharaman.

Subscribe to enjoy similar stories. New Delhi: The Union Budget for 2025-26 is expected to present a blueprint of reforms planned during Narendra Modi administration’s third term to boost investments and create jobs, besides outlining measures that states must take to ease business environment. Finance minister Nirmala Sitharaman’s roadmap will cover all aspects of production and technology, building on the ‘next generation reforms’ promised in July 2024 budget, according to two people informed about the discussions, who spoke on the condition of anonymity.

Union Budget 2025-26 to be unveiled by Finance Minister Nirmala Sitharaman on February 1. SBI General Insurance MD and CEO Naveen Chandra Jha said that as India advances toward financial inclusivity and universal healthcare, the upcoming Budget is expected to further strengthen the healthinsurance sector.

Nirmala Sitharaman on Friday participated in a traditional 'halwa' ceremony, marking the final stage for the preparation of Union Budget 2025-26 to be unveiled on February 1 in the Lok Sabha. The ceremony is a customary ritual in which traditional dessert 'halwa' is prepared and served to officials and staff members of the finance ministry who are involved in the preparation of the budget.

NDA 3.0 government must use its enormous political capital to implement 'politically difficult' structural reforms in the upcoming budget to promote growth and job creation, former RBI Governor D Subbarao said on Thursday. The Union Budget for 2025-26, to be presented by Finance Minister Nirmala Sitharaman on February 1, comes amid global economic uncertainties and moderating domestic growth.

Subscribe to enjoy similar stories. As many as 57% of individual taxpayers want finance minister Nirmala Sitharaman to lower taxes in the budget, according to a sample-survey carried out by Grant Thornton Bharat.

'Dilwale Dulhania Le Jayenge' post-independence.

Subscribe to enjoy similar stories. Finance minister Nirmala Sitharaman’s eighth union budget, set to be presented on 1 February, provides a critical opportunity to boost Indian economy's slowing consumption momentum through income tax cuts. There is a compelling case for this move: tax relief announced in the budget in July last year offered minimal benefits to low-income groups and, when adjusted for inflation, worsened the situation for high-income groups, a Mint analysis showed.

Subscribe to enjoy similar stories. With less than a fortnight to go before India’s budget for 2025-26, all eyes are on finance minister Nirmala Sitharaman. Apart from all the usual reasons, this budget has special relevance, as it is the first full-year fiscal plan after last summer’s Lok Sabha elections.

Subscribe to enjoy similar stories. The world came to a standstill five years ago. The pandemic that began in China has since receded.

Subscribe to enjoy similar stories. A federal policy to encourage battery swapping for electric vehicles may go on the backburner, two people aware of the matter said, in the backdrop of industry fears that forcing common standards is not practical and will hurt innovation. Swapping drained batteries for new ones is seen as an idea to encourage the adoption of electric vehicles, since batteries take much longer to charge than filling up at a fuel station.

Assocham has pitched for the removal of coal cess stating that the move will support power-intensive industries like aluminium and maintain competitiveness of the domestic industry. In its pre-budget memorandum 2025-26, the industry body said that «high cess on coal (Rs 400 per MT)...be eliminated to support power-intensive industries.»

Union Budget 2025 Expectations Live Updates: Anticipation is running high among industry stakeholders and citizens as we get nearer to Finance Minister Nirmala Sitharaman's Budget announcement. From ordinary taxpayers, to tech, healthcare, insurance, and finance sectors, hopes are high for income tax cuts, GST sops and other initiatives.

Union Budget 2025 Expectations Live Updates: From ordinary taxpayers, to tech, healthcare, insurance, and finance sectors, among others — all stakeholders are holding high hopes for Union Finance Minister Nirmala Sitharaman's eighth Budget speech in February.Notably, she completed Pre-Budget Consultation with various stakeholders, unions and other representatives on January 6, ahead of beginning work on Budget 2025-26.FM Sitharaman 8th Budget SpeechIn Sitharaman's eighth Budget speech, likely next month, the industry is expecting significant announcements ranging from income tax breaks, GST rationalisation, industry-specific policies and more, aimed at reviving the economy and boosting consumer sentiments.This will be Sitharaman's second full-fledged Budget in Modi 3.0, and her eighth budget presentation in Parliament. She has presented six annual and two interim budgets under the NDA government's consecutive terms in power.When is the Union Budget 2025 Speech?As per convention over the past years, the finance minister is expected to give her Budget speech in Parliament at 11 am on February 1, 2025.

Union Budget 2025 Expectations Live Updates: Finance Minister Nirmala Sitharaman's Budget speech is being anticipated as stakeholders and sectors await announcements such as tax breaks, GST updates are expected to revive the economy and boost consumer sections.The finance minister concluded her eighth Pre-Budget Consultation with the stakeholders and representatives from the trade unions ahead of the upcoming Union Budget 2025-26, in New Delhi on January 6. When is the Union Budget 2025 Speech?While there has been no official confirmation from the Centre or Finance Ministry yet, as per recent convention, Sitharaman is expected to present the Union Budget 2025 on February 1, at 11 am.

India Inc. has a long wish list for union finance minister Nirmala Sitharaman for the upcoming budget on Feb 1. Decisive reforms to revitalise consumption and jobs, tax certainty, and incentives to attract fresh investment top the list. A look at the key budget expectations