Finance Minister Nirmala Sitharaman presents her fourth Budget in Lok Sabha on Tuesday.
Construction major L&T is gearing up to expand its footprint in the global nuclear supply chain, a senior company official has said, while calling for amendments to key legislations on the domestic front to pave the way for the entry of private players and foreign capital necessary for capacity enhancement.
Breaking the nearly three-decade-old dominance of the undivided Shiv Sena, the Bharatiya Janata Party on Friday emerged victorious in the Brihanmumbai Municipal Corporation (BMC) elections, and also vanquished the alliance of Nationalist Congress Party factions led by Sharad Pawar and Ajit Pawar in the Pune civic body.
Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man as well as focus more on driving economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours, As India emerges from the COVID-19 crisis, the ninth Budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
Finance Minister Nirmala Sitharaman presented her eighth budget on Saturday.
The Industries Association of Uttarakhand, an organisation of MSMEs, has prepared an agenda for the Budget.
The government may provide for targeted fiscal incentives and allocation of funds for promotion of green hydrogen in the country in Union Budget 2022-23, which is slated to be unveiled in Parliament on Tuesday. The government launched National Hydrogen Mission in 2021. Earlier this month, Power and New & Renewable Energy Minister R K Singh had indicated that a green hydrogen policy will be unveiled in February which would feature many incentives to boost green hydrogen in the country. "While 2021 saw the launch of National Hydrogen Mission, it is likely that the Budget may provide for targeted fiscal incentives for R&D in green hydrogen segment, creation of domestic supply chain for hydrogen and reduce customs duties on electrolysers to boost green hydrogen production," says Venkatesh Raman Prasad, Partner, J Sagar Associates (JSA).
The main responsibility for producing the Budget rests with the Budget Division of the Department of Economic Affairs in the finance ministry
Ahead of the Union Budget 2026-27, Indian business houses have urged the government to make demergers tax-neutral, particularly in cases involving transfer of investments in associate companies with 25 per cent or more shareholding, under the new Income Tax Act. This may possibly help some companies planning to go public, according to a source.
Fiscal deficit planned to reduce to 4.8 per cent in FY2014, subsidy bill remains elevated. Proposes to reduce fiscal deficit to 3%, the revenue deficit to 1.5 per cent and the effective revenue deficit to zero by FY2017.
Finance Minister Pranab Mukherjee presented the Union Budget 2010-11 in parliament on Friday.
Finance Minister Nirmala Sitharaman on Saturday said the Union Budget 2025-26 continues efforts to accelerate growth and provide inclusive development.
Finance Minister Arun Jaitley presented his first Budget on Thursday.
With this, Prime Minister Narendra Modi has also sent a strong message to ally, Janata Dal-United President and Chief Minister Nitish Kumar, that their partnership remains intact and that they will be formidable partners at the hustings.
Karnataka Chief Minister Siddaramaiah met Prime Minister Narendra Modi and insisted on demands pertaining to the state, including on Fair Recovery Price of sugarcane, All India Institute of Medical Sciences for Raichur, the release of flood relief among others.
Stock markets will remain open for trading on February 1, Saturday, when Finance Minister Nirmala Sitharaman presents the Union Budget, bourses BSE and NSE said on Monday. Stock markets are generally closed on Saturdays and Sundays, except for special circumstances.
On Saturday, February 1, 2025, Finance Minister Nirmala Sitharaman presented a record Budget in the 8th Lok Sabha.
CII director general Tarun Das said, "It has outlined new strategies for growth with reduction of excise duty."
To digitise Customs processes, the Union finance ministry is planning to integrate the Indian Customs Electronic Gateway (ICEGATE), Risk Management System (RMS), and Indian Customs Electronic Data Interchange System (ICES) into a single unified national Customs platform, according to government sources.
Senior New Delhi-based journalist R Rajagopalan, who has been closely following the Union Budget preparations since 1977, lifts the veil off India's most secretive operation.
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
This comes a day after President Droupadi Murmu gave her assent to the Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB-G RAM G) Bill, which replaces the MGNREGA and has a provision for 125 days of wage employment for rural workers.
The Budget Session will be held from January 29 to April 6.
The Bill is likely to pave the way for amending two existing legislations -- the Atomic Energy Act 1962, and the Civil Liability for Nuclear Damage Act 2010.
Defence expenditure was pegged at 1.4 per cent of GDP in the Budget for 2025-26 but it may widen, depending on tensions between India and Pakistan.
The government aims to initiate "transformative reforms" across six domains, including taxation and financial sector, in Union Budget 2025-26, Finance Minister Nirmala Sitharaman said on Saturday.
Finance Minister Pranab Mukherjee presented the Union Budget for 2012-13 on Friday.
'...not merely in managing fiscal mathematics, but in demonstrating conservatism and prudence within that framework.' 'Looking forward, we believe sufficient growth drivers exist -- ranging from government reforms to revival in consumption to favourable monsoons. Numerous factors support the Indian economy.'
As per established tradition, the finance minister met the President at the Rashtrapati Bhavan before heading to Parliament.
While most experts suggest the government loosen its purse strings and not worry about the fiscal deficit in a pandemic impacted year, it will be a tightrope walk for the government to increase spending without going overboard.
According to the sources in the government, Union Budget 2012-2013 is likely to be presented in Parliament on March 19, 2012.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
President Droupadi Murmu has given her assent to the Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin) Bill, which aims to replace MGNREGA and guarantee 125 days of wage employment per rural household.
This has been our history of good governance: Things that were difficult to do and required planning and implementation were first taken up and then abandoned, notes Aaakr Patel.
Will Finance Minister Arun Jaitley's Budget 2016 be able to put India on a growth trajectory?
Finance Minister 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.
About 50 respondents from across banks, financial institutions and intermediaries including brokerage firms, corporate bodies, consulting firms, research institutes and industry bodies participated in the survey
Even if D K Shivakumar wanted to oust Siddaramaiah, whose support would he take?
The shrewd politician that he is, Siddaramaiah figured his rival had no option but to lump it, points out Aditi Phadnis.
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