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Subscribe to enjoy similar stories. Ever since India’s government set the goal of a Viksit Bharat by 2047, Union budgets have been bifocal. Massive outlays for an infrastructure build-up have been emblematic of this approach, designed to spur demand and multiply incomes during the year on one hand, while also acting as a long-term enabler of GDP expansion on the other.

Subscribe to enjoy similar stories. The government in its Union Budget for 2025-26 proposed raising the foreign direct investment (FDI) limit for India’s insurance sector to 100% from 74%—meeting a long-awaited industry demand. So why did the stocks of most Indian insurance companies end the day flat to negative? The simple reason for that being that well-established life insurance companies in India don’t need the expertise of foreign players through strategic stake sale any longer.

Subscribe to enjoy similar stories. Finance minister Nirmala Sitharaman said a mechanism would be set up under the Financial Stability and Development Council (FSDC) to evaluate the impact of financial regulations and subsidiary instructions. The initiative will also formulate a framework to enhance the responsiveness and development of the financial sector, Sitharaman said in her budget speech on Saturday.

Subscribe to enjoy similar stories. India plans to become a developed economy by 2047.

Subscribe to enjoy similar stories. The government expects to bring in ₹47,000 crore through disinvestment and asset monetisation in FY26, which is lower than the ₹50,000 crore it expects to get in FY25, according to estimates in the Budget documents. The estimate, which has been categorised under 'miscellaneous capital receipts for FY26’ is higher than the revised estimate for FY25, which has been lowered to ₹33,000 crore, the documents revealed.

Subscribe to enjoy similar stories. Micro, small and medium enterprises (MSMEs) are the backbone of India’s economic structure, contributing nearly 30% to gross domestic product (GDP), 45% to exports and generating employment for over 75 million people. Despite their crucial role, MSMEs have long grappled with financing bottlenecks, infrastructural gaps and slow technological adoption.

Subscribe to enjoy similar stories. Finance minister Nirmala Sitharaman on Saturday unveiled an ambitious tourism vision in the Union Budget for 2025-26, reaffirming a 2023 pledge to develop 50 new destinations as engines of economic growth and employment. However, a closer look at the budget paints a more nuanced picture, with stagnant allocations and underutilized funds.

Subscribe to enjoy similar stories. The 16th edition of the Sharjah Biennial, themed around “to carry", responds to the precarities of our times. Organised by the Sharjah Art Foundation, it is to be held between 6 February and 15 June.

Subscribe to enjoy similar stories. New Delhi: The Union Budget 2025 laid out a host of key pointers to make India’s technology economy self-reliant.

Subscribe to enjoy similar stories. Mint brings you a special edition of Budget 2025, containing key takeaways, how it impacts various sectors, who benefits and who doesn’t, what’s costlier and what’s cheaper, and the big Budget numbers you should know.

Imported jewellery, right from top brands like Tiffany, Bvlgari, Cartier and unbranded ones, will become cheaper following the reduction of import duty from 25% to 20% in Budget 2025.

Moody's Ratings said in response to the budget, retaining their growth forecast for the South Asian economy at 6.6% for next fiscal year.

Nirmala Sitharaman has just changed the prescription for economic growth to rely more on boosting consumption in a slowing economy rather than firing the capex engine with another double-digit hike. The impact of the shift was clearly visible on the stock market where beaten-down stocks from the consumption space suddenly became investor favourite while the good-old capex stocks were left reeling in losses. As against a flat Nifty, the FMCG index jumped 3% on Saturday, with stocks like Radico Khaitan, Godrej Consumer, United Spirits rallying up 10%. Supporting Sensex and Nifty were consumer-related stocks like ITC, Zomato, Trent, Tata Consumer and Asian Paints. On the other hand, capex-linked stocks like L&T, Siemens, etc were among the biggest losers on the Street.

real estate stocks surged as much as 9.3% on Saturday, February 1, after Finance Minister Nirmala Sitharaman announced the revised limit of the tax deducted at source (TDS) on rent to Rs 6 lakh annually. The Union Budget 2025 has brought welcome news for landlords and tenants, with a significant increase in the threshold for TDS on rent. The annual limit has been raised from Rs 2.4 lakh earlier, a move expected to ease the tax burden and simplify rental transactions.

desi jugaad never fails to amaze—and the latest example of this ingenuity has emerged from the vibrant and crowded grounds of the Mahakumbh.

Budget to raise the capital expenditure target by 10.08% to record Rs. 11.21 lakh crore for the next fiscal year starting April 1, as the government hopes to shore up flagging demand and consumption in the economy that dreams to become the third largest by 2030 but is likely to hit a four-year low in this fiscal. Sitharaman on February 1 presented the Union Budget for the next fiscal year

Income Tax Department for undisclosed virtual digital asset (VDA) for up to six assessment years preceding the year in which search was conducted. In section 158B of the Income-tax Act, in clause (b), after the words “money, bullion, jewellery” at both the places where they occur, the words “, virtual digital asset” shall be inserted and shall be deemed to have been inserted with effect from the 1st February, 2025.

infrastructure projects, finance minister Nirmala Sitharaman announced a road map for the same in the Budget 2025-26. The Finance Minister said each infrastructure-related ministry will come up with a 3-year pipeline of projects that can be implemented in public private partnership mode. States will also be encouraged to do so and can seek support from the IIPDF (India Infrastructure Project Development Fund) scheme to prepare PPP proposals, she added.

Budget 2025: Looks like this year’s Union Budget has taken the internet by storm, and not just in the usual way. Finance Minister Nirmala Sitharaman has done something surprising with her tax announcements—leaving everyone laughing, comparing, and creating memes like never before.