Goods and Services Tax (GST) collections in January, in gross terms, were at Rs 1.95 lakh crore, with a yearly jump of 12.3 per cent, according to data from the finance ministry released Saturday.
The government is also going to launch the 'Pradhan Mantri Dhan-Dhanya Krishi Yojana,' to help increase crop productivity in over 100 districts which have the lowest productivity in the nation. According to the minister, this initiative will benefit over 1.7 crore farmers.
Sitharaman, during her Union Budget 2025 speech, announced that no income tax will be payable on income up to Rs 12 lakh, providing significant relief to taxpayers, especially the middle class
Prime Minister Narendra Modi on Saturday hailed the Union Budget 2025 as a "Force Multiplier" for India's development journey, describing it as a "budget of aspirations" for 140 crore Indians. He emphasized that this budget would fulfill the dreams of the people, with a strong focus on op
According to an official release, this allocation is 9.53 per cent more than the Budgetary Estimate of FY 2024-25 and stands at 13.45 per cent of the Union Budget, which is the highest among the Ministries.
This marks a minor 0.9 per cent increase over last year's Budget Estimate of Rs 11.11 lakh crore, but if compared with revised estimate of 2024-25 at Rs 10.18 lakh crore, the budget estimate of 2025-26 is substantially higher.
The fund aims to support initiatives under the 'Cities as Growth Hubs' program, focusing on creative redevelopment of cities, water, and sanitation improvements.
She said, "Modified UDAN scheme will be launched to enhance regional connectivity to 120 new destinations and carry 4 crore additional passengers in the next 10 years."