The new tax regime, which is already the preferred choice of the country's 72% taxpayers, has been made more lucrative with additional tax slabs and lowering of taxation rates.
The government has slashed tariff rates on car and motorcycle imports in Union Budget 2025-26, in what is seen as a response to US President Donald Trump calling India a “tremendous tariff maker”.
The Budget 2025 document sheds light on how resources are allocated to vital sectors like defence, and development, with borrowings accounting for almost a quarter of revenue.
Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 on Saturday, Feb. 1, making key announcements to aid economic growth. As the finance minister began her Budget speech at the ...
Finance minister Nirmala Sitharaman announced that the government will raise the FDI limit in the insurance sector to 100%. The enhanced FDI limit for insurance companies will be applicable to those ...