Finance minister Nirmala Sitharaman on Saturday announced zero tax on income of up to Rs 12 lakh. The union government will forego a revenue of Rs 1 lakh cr because of this cut.
Reacting strongly to the comments made by Lok Sabha Leader of Opposition Rahul Gandhi's remarks in Parliament on Monday, Union Minister Kiren Rijiju questioned whether the LoP understands the representation given to SC, ST, OBC groups in the union government.
Uttarakhand Chief Minister Pushkar Singh Dhami thanked Union Government under the leadership of Prime Minister Narendra Modi for the announcement in the Budget that no income tax will be payable on income up to Rs 12 lakh, providing significant relief to taxpayers especially the middle class
The union government will develop 50 tourist destination sites in the country in partnership with states through a challenge mode, the minister said in her Budget speech. Land for building key infrastructure will have to be provided by states.
The Union government has introduced the PM Dhan Dhanya Krishi Yojana, a new initiative aimed at improving agricultural conditions in 100 districts that have low productivity, moderate crop intensity, and below-average access to credit.
Karnataka Chief Minister Siddaramaiah said that he has submitted Karnataka's list of demands to the Union Government ahead of the Budget presentation for the financial year 2025-26 by Finance Minister Nirmala Sitharaman on Saturday.
As the Union Government prepares to present the upcoming budget, people from different industries and fields in Himachal Pradesh have diverse expectations. While common citizens and young aspirants look forward to better facilities and opportunities, farmers and orchardists are hoping for
The Union government will provide subsidy on artificial intelligence (AI) compute power for the next four years, as per Information and Broadcasting Minister Ashwini Vaishnaw.
Kerala Minister P Rajeev has urged the Union government to increase financial support for infrastructure and the state's transition to a knowledge economy. He emphasized Kerala's need for more grants and expected a positive response in the upcoming Union Budget.
"The Government's commitment to fiscal consolidation has put us in a good state and the survey participants expected the government to remain on that course," the survey said.
As the Union government gears for the Union Budget 2025-26, players in electric Vehicles (EVs) have urged Finance Minister Nirmala Sitharaman to introduce transformative reforms that enhance affordability, infrastructure, and innovation in the sector to tackle both manufacturing and consumer
The Union Government, in its upcoming Budget 2025, may announce innovative measures to boost infrastructure, agriculture, MSMEs, and other critical sectors, according to a report by the State Bank of India.