New Delhi: The Union Budget 2025-26, presented by Union Finance Minister Nirmala Sitharaman on February 1, 2025, has allocated ₹5,272 crore for the Ministry of Textiles, marking a 19% increase over the previous year’s budget of ₹4,417.03 crore. Five-Year Cotton Mission Launched To address stagnant cotton productivity, the Budget has announced a five-year Cotton Mission…
Bhubaneswar: While the Union Budget 2025-26 provides relief in many sectors, it also increases the cost of certain luxury and non-essential goods. The government has raised import duties on high-end products to encourage domestic manufacturing and reduce dependency on foreign goods. Here’s a look at what will become more expensive: Luxury Goods & Imported Electronics…
Bhubaneswar: The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, has introduced several measures to make essential goods and industries more affordable. The government has reduced customs duties and offered tax exemptions on key sectors, benefiting consumers and businesses alike. Here’s a look at what will be cheaper after the budget: Electric Vehicles &…
New Delhi: In a major relief for taxpayers, Finance Minister Nirmala Sitharaman announced that 1 crore more people will now be exempt from paying income tax following the increase in the rebate threshold to ₹12 lakh in the Union Budget 2025-26. Addressing a post-budget press conference on Saturday, she stated that the move would “put…
Bhubaneswar: In a major push to strengthen India’s healthcare infrastructure, the Union Government will add 75,000 medical seats across the country over the next five years, Union Finance Minister Nirmala Sitharaman announced while presenting the Union Budget 2025-26 in Parliament today. Highlighting the expansion of medical education, the Finance Minister stated, “Our government has added…
New Delhi: The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, has outlined a fiscal policy aimed at sustaining India’s economic growth while ensuring financial stability and resilience. With a focus on broad-based and inclusive economic expansion, the government aims to create a just, fair, and equitable international economic order. Macroeconomic Outlook and Fiscal…
New Delhi: Union Minister for Power and Housing and Urban Affairs, Manohar Lal, today emphasized the government’s commitment to driving India’s growth with a focus on transformative reforms in the power sector and urban development as part of the Union Budget 2025-26. He highlighted that these reforms aim to strengthen India’s global competitiveness, enhance growth…
New Delhi: In a significant move to modernize and strengthen India’s defense and security infrastructure, Union Finance Minister Nirmala Sitharaman presented the Union Budget for the Financial Year 2025-26 today. Aiming to further the vision of a technologically-advanced and self-reliant Armed Forces, the Budget allocated a record ₹6,81,210.27 crore to the Ministry of Defence (MoD),…
New Delhi: In her Union Budget 2025-26 speech presented today, Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, identified the mining sector as one of the key areas for transformative reforms, alongside other critical domains such as taxation, power sector, urban development, financial sector, and regulatory reforms. These reforms aim to drive India’s growth…
New Delhi: In her presentation of the Union Budget 2025-26 today, Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, announced significant amendments to the Goods and Services Tax (GST) laws aimed at facilitating trade and improving tax compliance. These proposed changes are designed to streamline the tax process, enhance ease of doing business, and…
