India news
- India
Rupee falls 3 paise to close at 83.69 against US dollar post-budget
Mumbai: The rupee declined 3 paise to 83.69 against the US dollar on Tuesday after the government raised tax rates on capital gains in the FY25 Budget. Besides, a weak tone in…
- India
Govt cuts borrowing target to Rs 14.01 lakh crore for FY25
New Delhi: The government has lowered its borrowings estimate for the current financial year to 14.01 lakh crore as there is an improvement in tax collection. The government has to borrow by…
- India
Budget 2024-25: Union health ministry allocated Rs 90,958.63 crore
New Delhi: The Union health ministry has been allocated Rs 90,958.63 crore in the 2024-2025 budget, an increase of 12.96 per cent over the Rs 80,517.62 crore 2023-24 revised estimates. The government…
- India
Union Budget 2024-25: FM announces Rs 1,000 crore VC fund for space sector
New Delhi: The government will set up a venture capital fund of Rs 1,000 crore to promote space technology, Finance Minister Nirmala Sitharaman said on Tuesday, an announcement welcomed warmly by the…
- India
Govt unveils Rs 1.52 lakh crore agri push; focus on research, sustainability, tech integration
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday announced a Rs 1.52 lakh crore allocation for agriculture and allied sectors in 2024-25, outlining a comprehensive plan to boost research, promote sustainable farming,…
- India
Budget 2024-25: Govt proposes to fully exempt 3 cancer drugs from customs duty
New Delhi: The government on Tuesday proposed to fully exempt three cancer medicines from custom duties. “To provide relief to cancer patients, I propose to fully exempt three more medicines from customs…
- India
Budget 2024-25: CBI gets Rs 951 crore, slight dip from last year
New Delhi: The Centre has allocated over Rs 951 crore to the country’s premier probe agency Central Bureau of Investigation in Budget 2024-25 announced on Tuesday, a slight dip of over 1.79…
- Andhra Pradesh
Budget 2024-25: Centre unveils Rs 15,000 crore for capital development in AP
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday announced Rs 15,000 crore for the development of Andhra Pradesh’s capital city this fiscal, addressing long-standing commitments under the Andhra Pradesh Reorganization Act. Presenting…
- India
Relief for salaried class under new tax regime; 50 per cent hike in standard deduction
New Delhi: In sops for the middle class, Finance Minister Nirmala Sitharaman on Tuesday hiked standard deduction by 50 per cent to Rs 75,000 and tweaked tax slabs under the new income…
- India
Govt extends financial support for flood mitigation, irrigation projects
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday announced a comprehensive financial support plan of Rs 11,500 crore to enhance flood control measures and irrigation projects across several states. Presenting the Budget…
- Business
FDI rules will be simplified, says Sitharaman in Budget speech
New Delhi: Seeking to attract more funds into the country, Finance Minister Nirmala Sitharaman on Tuesday said rules for Foreign Direct Investment (FDI) will be simplified. Presenting the Union Budget 2024-25, the…
- India
Govt to abolish angel tax on investments in startups
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday announced abolishing angel tax for all classes of investors in startups. In her Budget speech, she also announced various changes with respect to tax…