Page 5 - Budget 2025 News

Decluttering the defence budget

There is a need to streamline allocations and make the budgetary document less complicated to assess its true impact

Budget 2023: IIT Madras to get Rs 242 cr for research on lab grown diamonds

This research will be focused on driving indigenization of the LGD manufacturing process

Budget 2023 does not meet expectations of travel agents: Apex body TAAI

TAAI noted that the budget has not met any of the expectations of the travel agents community

Govt to move to exemption-free I-T regime with lower taxes: Revenue Secy

In an interview to PTI, Malhotra said the government does not have any specific timeline to make the new regime mandatory for taxpayers

Union Budget 2023: Allocation for aid to foreign countries cut by 2.6%

Some of the countries whose allocation has been reduced under this head include Bhutan, Afghanistan and Mauritius

Union Budget 2023-24: Funding for IIMs brought down to Rs 300 crore

According to the Budget Estimates (BE) for 2022-23, the IIMs were allocated an amount of Rs 653.92 crores

A growth-oriented Budget, says NSE MD & CEO Ashishkumar Chauhan

"The Budget would support growth and the Indian consumption story, and keep us in good stead, given headwinds in China and developed markets and until the rest of the world eases"

Budget 2023: Gaming industry welcomes TDS change, awaits clarity on GST

Budget 2023: The Centre has also made a distinction between 'games of skill' and 'games of chance' in the Finance Bill, signalling that both might get a separate tax structure in future

Budget 2023: Many hits, few misses as Centre sticks to fiscal consolidation

The target of 5.9% is also likely to be met next year, finally bringing it down to below 4.5% of GDP in the financial year 2025-26

Old income tax regime vs new income tax regime: Which one is better?

New income tax regime: The taxpayers can avail of several deductions under the old income tax regime using section 80C etc. But under the new tax regime, no such deductions are allowed

Union Budget underscores role of digital, tech in development: Nasscom

According to Nasscom, the creation of 5G labs will further help in opening newer avenues and opportunities, scaling up new business models and employment prospects

Tea sector unhappy over total negligence in Union Budget 2023-24

According to the Darjeeling Tea Association (DTA)'s principal advisor S. Mukherjee, the tea sector was probably the only industrial segment which was not spared even a word as regards to any industry

Budget 2023: Understanding 20% TCS on foreign remittance transactions

Budget 2023: Earlier, a 5 per cent tax collected at source was levied on foreign remittances

Defence budget falls below 2% of GDP, emphasis on border infrastructure

The defence allocations for 2023-24 represent an enhancement of Rs 68,371 crore

Cut in customs duty, support to MSMEs will boost shipments: Exporters

Tweaking customs duties in certain sectors and measures to support MSMEs will help in boosting domestic manufacturing and the country's outbound shipments, exporters said on Thursday

What are Unity Malls, and what did FM Sitharaman say about them in Budget?

The idea behind setting up these malls appears to be to give a boost to local products and economies

New tax regime to benefit maximum number of taxpayers: CBDT Chairman

The new income tax regime for filing returns has been "sweetened" in the Budget 2023-24 and it will be beneficial for maximum number of taxpayers as they can enjoy a "reduced" tax rate

Rebates to slabs: Budget's key changes in Income Tax regime explained

This move indicates that the old regime will slowly be wound up

A balanced Budget against the backdrop of global uncertainties

Tax reliefs are expected to leave more money in the consumers' hands. While the aim is to boost consumption, the extent of the impact remains to be seen

Budget 2023 promises to train students, teachers for the job market

FM announced establishment of 30 Skill India International Centres across different states, launch of a unified Skill India Digital platform for enabling demand driven formal skilling