The Union Cabinet has approved the new Income Tax Bill, which will replace the six-decade-old Income Tax Act, 1961. This new legislation aims to simplify, modernize, and enhance India’s tax system, making it easier for taxpayers to understand and navigate. Finance Minister Nirmala ...

The Union Budget for 2025-26 has set aside Rs 6,81,210.27 crore for the Ministry of Defence (MoD), which is a 9.53% increase compared to last year's budget. This amount represents 13.45% of the total Union Budget, marking it as the largest allocation among all ministries. The budget supports Prime ...

The Union Budget for 2025-26, introduced by Finance Minister Nirmala Sitharaman, brings about significant reforms across six key areas aimed at boosting India’s growth potential and enhancing its competitiveness on the global stage over the next five years. In the Financial Sector, there are major ...

The Railway Budget 2025 has been announced, with a total allocation of ₹2.65 lakh crore, the same as last year. Although the budget prioritizes capital expenditure (Capex) and the expansion of infrastructure, there are worries due to cuts in funding for customer amenities, public ...

Finance Minister Nirmala Sitharaman unveiled the Union Budget 2025, highlighting the importance of healthcare development, medical tourism, and better access to medical services. The government has set aside ₹98,311 crore for the healthcare sector, up from ₹90,658.63 crore in the last fiscal year. ...

In the Union Budget 2025, Finance Minister Nirmala Sitharaman announced significant changes to the income tax system. These changes aim to provide relief to the middle class and boost economic growth. The proposed measures are expected to increase disposable income, enhance consumer spending, and ...

The Union Budget for 2025-26 presents a detailed plan for boosting India’s economic growth, focusing on expanding infrastructure, maintaining fiscal discipline, and promoting inclusive development. With a total expenditure of ₹50.65 lakh crore, the budget emphasizes capital investment, social ...

The Union Budget of India, known as the Annual Financial Statement under Article 112 of the Constitution, is prepared by the Ministry of Finance for the upcoming financial year. It details the government's planned expenditures, anticipated revenues, and economic strategies. The budget is unveiled ...

In the Regular Union Budget for FY 2024-25, the Ministry of Defence (MoD) has received an allocation of Rs 6,21,940.85 crore (approximately US $75 billion), marking the highest allocation among all ministries. This represents a 4.79% increase over the previous fiscal year (FY ...

In the Budget for the fiscal year 2024-25, the Union Government demonstrates a robust commitment to bolstering economic growth through substantial investments in infrastructure development. The total expenditure in the Budget is estimated at 47,65,768 crore(47.65 Lakh Crore), with a ...