In 2025-26, the government allocated Rs 6,81,210 crore for defence budget.
We know what Mrs Sitharaman and Mr Chaudhary (who may soon be moving out of the finance ministry to head to Lucknow to take charge as president of the Bharatiya Janata Party's Uttar Pradesh unit) look like, but who are the others in these photographs?
The tax is collected by brokers on behalf of the government and forms a key component of the Centre's tax revenues.
Finance Minister Nirmala Sitharaman on Sunday proposed to reduce the tax collection at source (TCS) rate to 2 per cent for education and medical purposes under Liberalised Remittance Scheme (LRS) as well as on sale of overseas tour program package.
Union Home Minister Amit Shah has promised to expel infiltrators from West Bengal and secure the border if the BJP wins the upcoming assembly elections. He accused Chief Minister Mamata Banerjee of neglecting North Bengal and favouring Muslims in budget allocations.
Union Home Minister Amit Shah promised to resolve the decades-old Gorkha issue within six months if the BJP comes to power in West Bengal, addressing a rally in Kurseong, Darjeeling district.
'We believe the truth is in the middle, and that India is at an important crossroads.'
Bharat Electronics, Reliance Industries, Mahindra & Mahindra, Larsen & Toubro, InterGlobe Aviation, ICICI Bank and UltraTech Cement were among the other major gainers. Axis Bank, Infosys, Tata Consultancy Services, Trent and Titan were the laggards.
The ministry of finance will kickstart its massive budgetary exercise from October 15.
The TMC and BJP are clashing over Bengal's food culture, with allegations of potential dietary restrictions adding spice to the West Bengal election campaign.
The sources also said that the Budget session of Parliament is likely to start from March 12.
Domestic passenger vehicle dispatches from companies to dealers rose 13 per cent year-on-year to 449,616 units in January with demand remaining robust owing to GST rate rationalisation and subsequent dip in prices, industry body SIAM said on Friday.
Benchmark lending rates unchanged with repo rate at 5.25%
It is learnt that India was mulling various options relating to the project after Trump administration threatened a 25 per cent additional tariff on countries doing business with Tehran.
Total pending Customs arrears, including amounts under litigation, court stays and cases where the appeal period has not expired, stood at about Rs 1.36 trillion at the end of December 2024.
The Union finance ministry has kicked off the exercise for preparation of the Union Budget for the fiscal year 2012-13 and has asked all ministries to rush proposals by October 31 for inclusion in the second supplementary budget for 2011-12 to be presented in the winter session of Parliament.
With the three-day special sitting of Parliament on the constitution amendment bill related to the implementation of 33 percent reservation for women from the 2029 Lok Sabha polls set to begin on Thursday, a meeting of opposition parties is slated to be held on Wednesday at the residence of Congress president Mallikarjun Kharge.
Overall market reaction to the Budget was neutral. Investors absorbed the changes to the tax rates (positive for salaried class) and capital gains taxes (CGTs, negative due to the removal of indexation and increases. Other proposals largely pertain to supporting rural development, buybacks taxed as dividends, Custom duty changes that impact multiple sectors, higher outlays for clean energy, etc. There's some moderation in the growth of capex outlay across defence, fer
The Budget emphasises on capacity building and empowerment of marginalised sections of society including farmers.
Finance Minister Nirmala Sitharaman on Sunday said individual persons residing outside India (PROI) will be permitted equity investments in listed Indian companies through a portfolio investment scheme.
The prime minister is now expected to speak on Thursday in the Rajya Sabha, where the debate on the Motion of Thanks on the President's Address has taken place without any disruption.
The Sports Ministry has got a fillip with the government allocating Rs 3,397.32 crore, an increase of Rs 723.97 crore, in the Union Budget on Wednesday.
The Lok Sabha rejected a resolution seeking the removal of Om Birla as Speaker by a voice vote amidst opposition protests and demands for an apology from Home Minister Amit Shah.
The government on Friday received financial bids for the strategic disinvestment of IDBI Bank, the Department of Investment and Public Asset Management (Dipam) said in an official statement on X.
As finance minister Pranab Mukherjee gets ready to present the much anticipated budget for financial year (FY) 2010-11 on February 26, we tell you what you ought to know about the Union budget.
Union Parliamentary Affairs Minister Kiren Rijiju announces the debate and vote on the no-confidence motion against Lok Sabha Speaker Om Birla will occur on March 9. The Budget Session's second part will also address important legislation and critical bills.
The Reserve Bank of India on Friday proposed to allow banks to lend to Real Estate Investment Trusts (REITs) with certain prudential safeguards to deepen the financing pool for the real estate sector.
West Bengal Chief Minister Mamata Banerjee has accused central forces of searching her car and criticised the BJP for alleged election misconduct during a rally in Islampur, Uttar Dinajpur district.
The Income Tax Department has clarified that income from the transfer of investments made before April 1, 2017, is excluded from the scope of the General Anti-Avoidance Rules (GAAR), addressing industry concerns about retrospective application.
Union Minister Jitendra Singh inaugurated a new biotechnology facility and dedicated a national facility for recombinant cells and sensors at the Rajiv Gandhi Centre for Biotechnology in Thiruvananthapuram, highlighting India's focus on biotechnology and its potential for economic growth.
Union Home Minister Amit Shah addressed rallies in West Bengal, promising to address infiltration issues, resolve the Gorkha issue, and tackle corruption if the BJP wins the upcoming elections.
This is the second-worst performance by the pack during this period over the last five years since CY20.
Foreign investors have remained cautious ahead of the Union Budget amid expectations of limited policy changes.
While India's interplanetary ambitions remain significant, the current pace of financial and technical progress raises questions about whether the 2027-2028 timelines can be met.
Gold prices are likely to trade firm next week as traders await key economic data, including US inflation numbers, for fresh cues on interest rate outlook, while silver may remain volatile amid shifting risk sentiment and speculative activity, analysts said.
The Union Budget on Sunday proposed a tax holiday till 2047 for foreign companies that provide cloud services to customers globally using data centres located in India, signalling the government's push to make the country a major hub for AI and digital infrastructure.
India's urban areas are projected to contribute 70 per cent of gross domestic product in 2025-26, up from 45 per cent in the 1990s, according to a report by Dun & Bradstreet.
The Union Budget on Sunday proposed a tax holiday till 2047 for foreign companies that provide cloud services to customers globally using data centres located in India, signalling the government's push to make the country a major hub for AI and digital infrastructure.
As the March 31 deadline arrives, a wave of Maoist surrenders suggests insurgency's end, but political and social concerns remain.
The Central Board of Indirect Taxes and Customs (CBIC) announced the implementation of the Eligible Manufacturer Importers (EMI) scheme from April 1, allowing eligible importers to defer customs duty payments.
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