Nirmala Sitharaman News

09.02 / 13:27

economy wellness Cycling show social rights The government is banking on tax cuts to boost consumption. What if it doesn’t pan out?

Subscribe to enjoy similar stories. New Delhi: When finance minister Nirmala Sitharaman announced tax cuts and sops for taxpayers in her latest budget, she said: “Slabs and rates are being changed across the board to benefit all tax-payers. The new structure will substantially reduce the taxes of the middle class and leave more money in their hands, boosting household consumption, savings and investment." Changes included pushing forward the starting point of income tax from an annual income of ₹7 lakh to ₹12 lakh, and a revision in tax slabs.

09.02 / 09:45

COST economy Election Food trends Justice show Rajrishi Singhal: The budget touches but doesn’t feel and speaks but leaves much unsaid

Subscribe to enjoy similar stories. Dispirited by an economic slowdown and stagnant spending power, observers greeted finance minister Nirmala Sitharaman’s beribboned tax breaks with a combination of euphoria and hope. There was elation because tax breaks could mean more money to spend and save; there are also expectations that this time will be different, because past experience shows that good budgetary intentions can be scotched by hidden small-print or an unexpected surge in inflation.

08.02 / 17:09

markets Provident Election wellness Healthcare cover Ecommerce firms prioritise delivery partners and their well-being

08.02 / 13:41

markets UPS Strategy Parke awards country innovations Invest Karnataka: Govt to set up sector-specific industrial parks, says Industries Minister MB Patil

Karnataka, Industries & Infrastructure Minister MB Patil said on Saturday.

07.02 / 19:11

Aware Assurant Bill Experts information reports sanitizer Cabinet okays bill to replace Income Tax Act, may be tabled in parliament soon

Subscribe to enjoy similar stories. The Union cabinet on Friday approved a bill to replace the more than six-decade-old Income Tax Act,1961 with a new, simpler and easy-to-understand law, as part of the government's regulatory reforms.

06.02 / 12:41

markets Digital Strategy Bill Experts PAM New I-T bill not to have provisos, explanations; may come up in Cabinet on Friday

new income tax bill, to be introduced in Parliament next week, will not have long sentences, provisos and explanations, Finance Secretary Tuhin Kanta Pandey said on Thursday. The new bill, which will replace the six-decade-old Income Tax Act, is likely to be discussed at the Cabinet meeting on Friday, sources said.

06.02 / 10:37

markets security economy Research Trade Experts reports Budget boost: Tax relief promises consumer spending, but market rally on hold

Subscribe to enjoy similar stories. Can tax relief for the urban middle class spark a consumption revival, and help accelerate an economy that has lately been grappling with a slowdown? The governemnt sure hopes so. In the Union budget presented on 1 February, finance minister Nirmala Sitharaman announced raising the income tax exemption limit to ₹12 lakh from ₹7 lakh, which has been touted by many as a potential game-changer.

06.02 / 03:33

markets Digital Strategy economy Experts PAM RBI to cut rates tomorrow? Sitharaman has a message for the Monetary Policy Committee

Nirmala Sitharaman has a message for the Monetary Policy Commission which began deliberations on Wednesday. The Reserve Bank had last reduced the repo rate by 40 basis points to 4 per cent in May 2020 to help the economy tide over the crisis following the outbreak of the Covid pandemic and subsequent lockdown.

05.02 / 13:13

markets UPS economy Sustainability Research Cycling reports How equity investors can ride the post-Budget wave

Subscribe to enjoy similar stories. New Delhi: India is currently in the midst of two extremely rare occurrences. First, Prayagraj is hosting the Maha Kumbh, which occurs once in 144 years.

04.02 / 15:21

markets UPS Digital CEO Strategy PAM Tata Power keen on building small nuclear reactors as India opens up sector, CEO says

Tata Power is interested in setting up small modular nuclear reactors, CEO Praveer Sinha said on Tuesday, days after the country said it will open up the much-guarded sector to private investments.

04.02 / 11:51

markets Digital Strategy Food Experts PAM GST Council to soon take decision on rates, number of slabs: FM Sitharaman

Finance Minister Nirmala Sitharaman said on Tuesday. Currently, Goods and Services Tax (GST) is a four-tier tax structure with slabs at 5, 12, 18 and 28 per cent. Luxury and demerit goods are taxed at the highest bracket of 28 per cent, while packed food and essential items are in the lowest 5 per cent slab.

04.02 / 11:51

markets Digital Strategy Moodys PAM country Increase in FDI limit in insurance sector to woo more foreign players: Moody's

Moody's Ratings said on Tuesday. Additionally, strong premium growth is expected to boost profitability of the sector.

04.02 / 11:21

markets Target Digital Strategy Experts PAM Despite income tax cuts, India on track for fiscal consolidation: S&P Global Ratings

04.02 / 10:27

UPS Booking Bill reports Updates Invested in debt mutual funds? Here’s how you can save tax after Budget 2025.

Subscribe to enjoy similar stories. Debt mutual fund investors have reason to cheer Budget 2025 after being dealt a huge blow in the previous one. Finance Minister Nirmala Sitharaman announced on Saturday that Indians with incomes up to ₹12 lakh will effectively pay no income tax.

04.02 / 07:35

UPS BLOCK Citizens economy Bill prevention All income groups got a little something from the Budget

Subscribe to enjoy similar stories. The Union Budget 2025 aimed to put more money in the hands of every income group—whether salaried professionals, gig workers, rental income earners, or senior citizens—by tweaking tax slabs, deductions, and exemptions. The highlight was that the aspirations and expectations of the middle-class, finally got an earnest ear.

04.02 / 04:41

markets UPS Provident Manufacturing Enterprise President Union Budget 2025 receives mixed reactions from Ludhiana’s MSMEs

Budget 2025, presented by Finance Minister Nirmala Sitharaman on February 1, 2025, received mixed reactions from small businesses in Ludhiana. While a section of local industry stakeholders believes that the government’s move to raise the thresholds for capital investment and turnover criteria is a significant boost to the MSME (micro, small, and medium Enterprises) sector, some voiced their disappointment regarding the absence of special package for Punjab and the lack of rationalisation of goods and services tax (GST) rates.

04.02 / 00:53

markets UPS Aware Experts reports Courts Merger mania: Will big listed companies get to skip the company court?

Subscribe to enjoy similar stories. The Centre may consider eliminating mandatory approval from the company law court in the merger and demerger of local listed firms, two people aware of the discussions in said, over eight years after it allowed the leeway for certain types of companies. The move could reduce the burden on the National Company Law Tribunal (NCLT) benches and speed up the process, potentially reshaping the country’s mergers and acquisitions (M&A) landscape.

03.02 / 23:59

UPS Manufacturing Platform Mobile economy Research electronic AI Mission should focus on core tech to avoid errors made in chips, smartphones

Subscribe to enjoy similar stories. The Centre’s India AI Mission, which seeks to bring India up to speed with the US, China and the rest of the world in artificial intelligence (AI), could be pivotal for India to avoid repeating the mistakes it made with semiconductor and mobile phone manufacturing, industry veterans told Mint.

03.02 / 14:01

markets FIVE Progressive Strategy Election Experts social Growth slowdown is a temporary dip, says FM Nirmala Sitharaman

Nirmala Sitharaman on Monday said that the growth slow down was just a temporary dip and that the 2024 Lok Sabha election came in the way of capital spending.

03.02 / 06:25

UPS Bill Budget 2025: Earning above ₹12 lakh? Here’s how your tax could spike—or stay in check

Imagine getting a salary bump, only to find that your tax bill eats up most—if not all—of your raise. While the new tax regime in Budget 2025 promises no tax on incomes up to ₹12 lakh, it doesn’t necessarily mean that earning a little more is always beneficial. Thankfully, marginal relief has your back, ensuring that small increases in income don’t result in a huge spike in tax outgo.

03.02 / 06:17

markets Digital Strategy Experts PAM Features Maha Kumbh stampede tragedy takes Budget Parliament session by storm

Maha Kumbh stampede that claimed nearly 30 lives.

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