There will be no income tax payable up to Rs 12 lakh – i.e., up to Rs 12.75 lakh including standard deductions – under the new regime, Union Finance Minister Nirmala Sitharaman said Saturday as she read out the Union Budget 2025. In an announcement accompanied by loud cheers and enthusiastic thumping of desks by BJP MPs, led by Prime… Continue reading ""
Finance minister Nirmala Sitharaman on Tuesday rejected the opposition’s allegations of opposition-ruled states being ignored in the Union Budget 2024 presented by her in Parliament on July 23. Replying to the budget discussion in the Lok Sabha, the minister asserted that no state was denied funds. She recalled that in the past Budgets by the UPA government also did not… Continue reading "Funds were not denied to any states: Finance Minister Nirmala Sitharman"
Prime Minister Narendra Modi said the Union Budget has brought “new opportunities and new energy” and will act as a “catalyst” in the process of making India the third largest economic power in the world. “Today’s budget has brought new opportunities, new energy, new employment and self-employment opportunities. It has brought better growth and a bright future… it will act… Continue reading "The budget will act as a catalyst in making India the third-largest economy in the world: PM Modi"
Ahead of the union budget on July 23, Chief Minister MK Stalin outlined five key demands for the state on Sunday, which include the release of funds for Chennai Metro Rail project which has been pending for three years, approval for a flyover expressway between Tambaram and Chengalpattu and reduction in income tax burden of middle-class households. In a post… Continue reading "Fulfil five major demands in budget: CM Stalin to centre"
The Monsoon Session of Parliament kicks off today with Union Finance Minister Nirmala Sitharaman set to table the Economic Survey 2023-24 along with a statistical appendix, a day ahead of the highly-anticipated Union Budget 2024. Speaking ahead of the session for a customary press statement, Prime Minister Narendra Modi said India is moving forward with a growth rate of 8… Continue reading "Budget session to commence today, Economic Survey to be tabled"
Finance Minister Nirmala Sitharaman is likely to hold pre-budget consultations with industry chambers on June 20, sources said. The budget for 2024-25 fiscal is likely to be presented in Parliament in the second half of July. Industry sources said the pre-budget consultation with Sitharaman would be preceded by a meeting with Revenue Secretary Sanjay Malhotra on June 18. The 2024-25… Continue reading "Nirmala Sitharaman to hold pre-budget meeting with industry chambers on June 20"
The Budget session of the State Assembly will begin on Monday, February 12, with the Governor’s Address at 10 am in the Assembly Hall inside the State Secretariat building and the State Budget for the year 2024-25 will be presented the next Monday, February 19, at 10 am. Making the announcement on Thursday, Assembly secretary K Srinivasan said that the… Continue reading "Tamil Nadu Assembly session to commence on February 12"
Announcing several new schemes and upgrading pre-existing schemes to promote farming in the state, Tamil Nadu Agricultural Minister M. R. K. Panneerselvam tabled Tamil Nadu Agriculture Budget 2022-23 on Tuesday. Tabling the budget, the Minister said that the Tamil Nadu government has given Rs 1,695 crore as insurance premium subsidy. So far Rs 783 crore has been given as compensation… Continue reading "Key highlights from TN Agriculture budget 2023"
In the 2023-24 budget, Tamil Nadu has announced significant investments in education, health, and infrastructure besides fulfilling a key DMK poll promise: Rs 1,000 monthly cash assistance for eligible women homemakers. With an array of schemes to improve civil services coaching, cultural projects, and a significant focus on transport and road infrastructure, the budget gave a special focus on the… Continue reading "Highlights of 2023-24 Tamilnadu budget"
As state Finance Minister Palanivel Thiagarajan began presenting the budget in the Assembly, the AIADMK raised slogans against the government. They alleged that the government is filing false cases against the Opposition leaders. Meanwhile, Speaker M Appavu told the Opposition that it is not fair to protest when the budget is being read. The DMK government presented its full budget… Continue reading "AIADMK stages walkout during TN budget presentation"