Learn all about Union Budget
Union Budget 2025: Key Ministry-Wise Allocations and Trends
14 February 2025 | 3 mins read
The Union Budget 2025 focused on defence, rural development, and technological innovation, apart from the headline grabbing income tax cut for individuals. There were increases in allocations to specific ministries, but the focus appears of this budget is to accelerate economic growth, enhance India’s global competitiveness, and public welfare. Here is a break-up of the allocations to major ministries.
MSME Classification 2025: Key Revisions in Union Budget
10 February 2025 | 5 mins read
The Micro, Small, and Medium Enterprises (MSME) sector serves as a cornerstone of India's economy, significantly contributing to employment, manufacturing output, and exports. In the Union Budget 2025, the government has introduced crucial amendments to the MSME classification criteria along with other initiatives that aim to boost growth and provide enhanced support for these enterprises.
Impact of 100% FDI on India's Insurance Sector
10 February 2025 | 5 mins read
The Union Budget 2025 introduced a transformative change by permitting 100% Foreign Direct Investment (FDI) in India's insurance sector. This strategic move is anticipated to reshape the industry's landscape, bringing forth a variety of opportunities and challenges. Here’s an easy-to-understand summary of the impact and potential benefits this move is expected to bring.
Updated Income Tax Slabs & Rates for FY 2025-26
10 February 2025 | 5 mins read
The Union Budget 2025 has introduced significant changes to the income tax slab structure under the new tax regime. These updates are aimed at providing relief to middle-class taxpayers and simplifying the tax filing process. If you earn income from salary, business, or other sources, understanding the income tax slab for FY 2025-26 is crucial for tax planning.
Union Budget 2025 - Key Announcements & Highlights
10 February 2025 | 5 mins read
The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, introduces a range of measures aimed at driving economic growth, increasing investments, and providing relief to taxpayers. With a strong focus on tax simplification, infrastructure development, and financial sector reforms, the budget sets the stage to kickstartIndia's slowing economic growth. Here is a summary of the major budget announcements, including tax changes, investment policies, and initiatives for different sectors.
Trade Unions, Industry Call for Pay and Tax Reforms to Boost Consumption
31 January 2025 | 6 mins read
The Union Budget is a document that reflects priorities, aspirations, and solutions to economic challenges. The 2025-26 Union Budget, set to be presented by Finance Minister Nirmala Sitharaman, is already generating buzz. Two areas dominate the discourse: the formation of the 8th Pay Commission and income tax cuts. Both represent critical levers for boosting consumption, a vital driver of India's economic growth.
Union Budget 2025: Expectations on Home Loan Deductions Under the New Tax Regime
31 January 2025 | 6 mins read
As Budget 2025-26 approaches, salaried taxpayers and homeowners are keenly watching the government for reforms that could bring much-needed relief. At the heart of these expectations lies a pressing issue the Institute of Chartered Accountants of India (ICAI) raises: the lack of provisions for home loan interest deductions under the New Tax Regime.
Budget Chronicles: Lessons from the Past, Clues for the Future
31 January 2025 | 8 mins read
Finance Minister Nirmala Sitharaman's budget speeches over the past five years have been a window into India's evolving economic priorities. Each budget has introduced trends that address immediate challenges and signal long-term policy directions. With Budget 2025 approaching, it's timely to reflect on key themes that have defined her tenure and to consider what might be on the horizon. Here are ten key takeaways from Sitharaman's past budget announcements that continue to shape India's economic landscape.
Union Budget 2025: Expectation of the Financial Services Sector
31 January 2025 | 4 mins read
As the Union Budget 2025 approaches, the financial services sector is buzzing with expectations aimed at promoting economic growth and stability. Industry stakeholders are advocating for measures that encourage savings, support green initiatives, and streamline financial operations. Here is a glimpse into the key expectations of the financial sector from the forthcoming budget.
Union Budget 2025: Expectations from Asset Management Companies (MFs)
31 January 2025 | 4 mins read
The Union Budget 2025 will be presented on 1st February. The mutual fund industry is hopeful for reforms that will boost investor confidence and participation. The Association of Mutual Funds in India (AMFI) has put forth several proposals aimed at making mutual fund investments more attractive and equitable. Let us explore the key expectations of the mutual fund industry from the upcoming budget.
Union Budget 2025: Budget Wishlist From India Inc
31 January 2025 | 3 mins read
With the Union Budget 2025 just a few days away, the Confederation of Indian Industry (CII) has prepared a detailed wishlist to strengthen India's economic landscape. This 10-point agenda is designed to streamline business operations, attract investments, and stimulate growth across various sectors. Here is a summary of CII's key recommendations and their potential impact on India's business environment, as reported by PTI.
Union Budget 2025: Expectations on Simplifying Income Tax and GST
31 January 2025 | 4 mins read
As the Union Budget 2025 nears, taxpayers and businesses eagerly anticipate reforms in India's taxation landscape. Simplifying Income Tax and Goods and Services Tax (GST) is a recurring demand from individuals, professionals, and industry bodies. The focus is on making taxation more transparent, reducing compliance complexities, and ensuring fair and efficient systems to stimulate economic growth.
Union Budget 2025: Budget Day Special Trading Session
31 January 2025 | 4 mins read
The Union Budget is a crucial event in India's economic calendar. It outlines the government's fiscal policies and priorities for the upcoming financial year affecting all citizens, industries, and markets alike. This year, it will be presented on February 1st, which is a Saturday — a day when markets are typically closed. However, recognising the importance of immediate market reactions to budgetary announcements, the National Stock Exchange (NSE) has announced a special trading session on this date. Let us know more about the specifics of this session, historical precedents, and its implications for investors.
Union Budget 2025: Personal Income Tax Expectations
31 January 2025 | 4 mins read
The Union Budget 2025, scheduled for February 1, 2025, has generated considerable anticipation among taxpayers and financial experts. A primary area of focus is the personal income tax framework, with widespread expectations for simplification and reductions. Such reforms are seen as vital in increasing disposable incomes, boosting consumer spending, and fostering overall economic growth.
Union Budget 2025: Expectations of Non-resident Indians (NRIs)
31 January 2025 | 4 mins read
Non-Resident Indians (NRIs) play a vital role in boosting India’s economy, contributing significantly through remittances, investments, and property purchases. However, NRIs often face cumbersome processes and ambiguities when buying property in India, primarily due to unclear regulations, intricate taxation policies, and procedural delays. NRIs across the globe are hopeful that the Union Budget 2025 will address these hurdles and make property transactions seamless for them.