Mumbai: After finance minister Nirmala Sitharaman delivered a consumption-supporting budget, the ball is now in the Reserve Bank of India’s (RBI) court to deliver the last-mile push to growth with a rate cut next week. A majority of economists believe that the budget has set the stage for a rate cut by keeping fiscal deficit…
Following are reactions from industry executives and economists: DEEPASHREE SHETTY, PARTNER, GLOBAL EMPLOYER SERVICES, TAX & REGULATORY SERVICES, BDO INDIA “The proposal to exempt income up to 1.2 million rupees ($13,867.06) is a big boost to the middle-class taxpayers. This is in line with the recent measures to make the new tax regime a preferred…
Budget 2025 LIVE Updates: Union Finance Minister Nirmala Sitharaman has began her eighth consecutive Union Budget 2025 presentation in the Lok Sabha at 11 am. Earlier in the day, Sitharaman visited President Droupadi Murmu for her nod on the Budget. The Union cabinet approved the Budget ahead of the speech in Parliament at 11 am…
Feb 01, 2025 03:40 AM IST PM Narendra Modi evoked the Hindu goddess of wealth and said he was praying that Lakshmi be especially generous towards the poor and the middle classes Prime Minister Narendra Modi on Friday hinted at the possibility of a generous Budget for the poor and middle classes. Evoking the Hindu…
Budget Economic Survey 2025 LIVE: Union Finance Minister Nirmala Sitharaman tabled the Economic Survey document in Lok Sabha in Parliament on Friday, January 31. India’s FY26 GDP growth is expected in the range of 6.3-6.8 per cent amid global uncertainty. The survey expects inflation to be under control while consumption could remain stable. It also…
