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Why was Union Budget date moved to February 1?

The Union Budget, presented on February 1 since 2017, allows the government more time for financial adjustments before the fiscal year.

Presenting the budget on February 1 was putting an end to a colonial-era practice. ( (ANI Photo/Rahul Singh))
Published on Jan 14, 2025 04:34 PM IST

Union Budget 2025: CII suggests 10 points to improve ease of doing business

Union Budget 2025: The CII's suggestions aim to reduce compliance burden, simplify regulatory frameworks, and improve transparency

Union Budget 2025: Finance Minister Nirmala Sitharaman addresses a gathering during the CII Global Economic Policy Forum 2024, in New Delhi, Wednesday, Dec. 11, 2024.(Shahbaz Khan/PTI)
Published on Jan 14, 2025 03:34 PM IST

Union Budget 2025 may focus on controlling govt debt, says Goldman Sachs report

This is because India currently stands out for its high levels of public debt and fiscal deficit, compared to other emerging markets

Union finance minister Nirmala Sitharaman carrying the Budget tablet.(ANI file photo)
Published on Jan 13, 2025 05:02 PM IST

Union Budget 2025 date and time: When will FM Nirmala Sitharaman present Budget?

Budget 2025 date and time: Finance Minister Nirmala Sitharaman will be presenting her eighth consecutive Union Budget in a row.

Budget 2025 date and time: Union Finance Minister Nirmala Sitharaman chairs the eighth Pre-Budget Consultation with the stakeholders and representatives from the trade unions in connection with the upcoming Union Budget 2025-26, in New Delhi on Monday.(Ministry of Finance - X/ANI)
Published on Jan 13, 2025 02:40 PM IST

Budget 2025: Minimum EPS pension hike to 7,500 likely to be considered

For this, a delegation of EPS-95 pensioners met Finance Minister Nirmala Sitharaman on January 10 , 2025, as part of a pre-budget consultative meeting

Under the Provident Funds and Miscellaneous Provisions Act, an employer and worker both are required to contribute 12% of a person’s basic salary towards a retirement-benefits corpus managed by the EPFO (HT Photo)
Published on Jan 13, 2025 09:50 AM IST

‘Great leadership of our PM Modi…’: Conman Sukesh declares overseas income

Sukesh Chandrashekar has expressed his admiration for Prime Minister Modi, saying that under his leadership, he wants to contribute to India's development.

Alleged conman Sukesh Chandrashekhar being produced at Patiala House court in connection with a money laundering case, in New Delhi. (PTI FILE PHOTO)
Updated on Jan 13, 2025 10:36 AM IST

FM Sitharaman concludes month-long stakeholder discussion for Union Budget

Union Budget 2025-26 is likely to be tabled in Parliament on February 1. The consultations with stakeholders began on December 6, 2024.

Finance minister Nirmala Sitharaman has concluded the eighth pre-budget consultation with stakeholders for the upcoming Union Budget 2025-26(Ministry of Finance - X)
Published on Jan 06, 2025 10:55 PM IST
PTI |

Top 10 income tax changes from 2024 to look out for while filing ITR in 2025

The year 2024 has brought in significant changes to India's personal income tax structure, with multiple reforms announced in the Union Budget 2024-25.

The changes in the income tax structure can influence the deductions and exemptions taxpayers can claim when filing their income tax returns (ITR) in July 2025.(Reuters)
Updated on Jan 02, 2025 06:45 PM IST

Income Tax department extends ‘Vivad Se Vishwas’ scheme deadline to January 31

The original deadline for the Vivad Se Vishwas scheme was December 31, 2024, with the scheme having come into effect on October 1, 2024

The Vivad Se Vishwas scheme allows taxpayers to effectively conclude all their income tax disputes and also avoid additional penalties.(HT Photo)
Published on Dec 31, 2024 03:14 PM IST

Pre-Budget meet: India Inc seeks personal income tax cut, flags dumping by China

Representatives from industry bodies sought reduction in personal income tax rates to ensure higher disposable income in the hands of the middle class

Union Finance Minister Nirmala Sitharaman chairs the sixth Pre-Budget Consultation with experts and representatives from the health and education sectors in connection with the forthcoming Union Budget 2025-26, in New Delhi, Monday, Dec. 30, 2024.(PTI)
Published on Dec 31, 2024 09:55 AM IST
PTI |

Will movie theatre popcorn become expensive? Here's how much GST will be levied

The 55th meeting of the GST Council clarified the GST applicable for popcorn after a clarification request from Uttar Pradesh on popcorn mixed with salt, spices

Netizens troll Centre over popcorn tax slabs
Published on Dec 25, 2024 02:40 PM IST

Netizens troll Centre over 'absurd' popcorn tax; ‘Are these your priorities?'

The new 18% popcorn tax stemming from the 55th GST Council has sparked outrage amongst netizens; read what they have to say about this

Netizens troll Centre over popcorn tax slabs
Published on Dec 23, 2024 02:14 PM IST
ByAadrika Sominder

Congress slams govt over ‘caramel popcorn GST’ social media debate: ‘Absurdity…’

Finance Minister Nirmala Sitharaman on Saturday issued clarification on three different GST tax slabs for “popcorn”.

Finance Minister Nirmala Sitharaman speaks at the 55th meeting of the GST Council, in Jaisalmer on Saturday. (ANI)
Updated on Dec 23, 2024 07:32 AM IST

Memes flood the internet as GST Council confirms 18% tax on caramelised popcorn

GST Council clarified popcorn tax rates with no changes; social media buzzed with memes on caramelised popcorn.

The GST Council clarified popcorn tax rates, sparking memes on social media.(Pixabay)
Updated on Dec 24, 2024 08:54 AM IST
ByMahipal Singh Chouhan

What gets cheaper, what is costlier after GST Council meet? Details here

The 55th GST Council meeting led by Finance Minister Nirmala Sitharaman was conducted in Jaisalmer, Rajasthan, on Saturday, December 21, 2024

Union finance minister Nirmala Sitharaman addresses a press conference on Saturday,(PTI)
Updated on Dec 22, 2024 11:57 AM IST

GST Council hikes tax on used, old EV cars by businesses; Opposition reacts

The revised tax rate for electric vehicles will not affect individual sellers, clarified the GST Council headed by Nirmala Sitharaman.

Union finance minister Nirmala Sitharaman speaks at the 55th meeting of the GST Council in Jaisalmer on Saturday.(ANI)
Updated on Dec 22, 2024 07:02 AM IST

Dharmani urges Centre to exempt Himachal’s share in railway projects

Technical education minister Rajesh Dharmani, in a pre-budget meeting held at Jaisalmer, urged the finance minister that the ongoing railway — Bhanupalli-Bilaspur rail project and Chandigarh Baddi railway projects— should be purely implemented by the central government

Union railway minister Ashwini Vaishnaw had recently informed the Lok Sabha that two new rail line projects — Bhanupalli-Bilaspur-Beri (63.5 km) and Chandigarh-Baddi (30 km) — have been affected due to non-fulfilment of commitments by the Himachal Pradesh government as <span class='webrupee'>₹</span>1496.75 crore is outstanding with the state government. (HT File)
Updated on Dec 21, 2024 10:33 PM IST
By, Shimla

No GST to be paid for penal charges levied by banks on borrowers: Sitharaman

The 55th meeting of the GST council In Jaisalmer, Rajasthan also made revisions to rates applied on fortified rice kernels and gene therapy.

Union Finance Minister Nirmala Sitharaman chairs the 55th meeting of the GST Council, in Jaisalmer(PTI)
Published on Dec 21, 2024 10:10 PM IST

GST council explains difference in tax rates between salted and caramel popcorn

The council stated that pre-packed, labelled, ready-to-eat snacks would be subject to a 12 percent tax, while caramelized popcorn would have an 18 percent GST.

Union finance minister Nirmala Sitharaman speaks at the 55th meeting of the GST Council(ANI)
Published on Dec 21, 2024 10:09 PM IST

GST Council postpones decision to cut tax on life and health insurance

18% GST will continue on premiums paid for policies with health insurance cover of over ₹5 lakh.

Revenue Secretary Sanjay Malhotra attends a GST Council meeting with Union Finance Minister Nirmala Sitharaman at Vigyan Bhawan, in New Delhi. The Appointments Committee of the Cabinet has appointed Malhotra as the the new Governor of the Reserve Bank of India (RBI) for a three-year term beginning from December 12, 2024.(Shahbaz Khan/PTI)
Published on Dec 21, 2024 01:47 PM IST
PTI |

Insurance, plane fuel might get cheaper as GST Council mulls lowering taxes

The 55th GST Council meeting is expected to decide on reducing tax rate on health and life insurance, as well as consider rate rejigs on 148 items

Union Finance Minister Nirmala Sitharaman chairs the 55th meeting of the GST Council, in Jaisalmer(PTI)
Published on Dec 21, 2024 01:16 PM IST
PTI |

Vijay Mallya claims has paid double his debt, now ‘entitled to relief’

Vijay Mallya claims banks recovered over ₹14,131 crore, more than double his Kingfisher Airlines debt of ₹6,203 crore.

Vijay Mallya’s extradition was cleared by the UK high court in April 2020 but has been held up for two-and-half years now.(Reuters)
Updated on Dec 19, 2024 12:31 PM IST

Nirmala Sitharaman, TMC MP spar over central funds

Sitharaman said funds were redirected to party workers instead of reaching beneficiaries, adding that misappropriation was confirmed during an investigation.

Union minister Nirmala Sitharaman speaks in Lok Sabha during the Winter Session of the Parliament on Tuesday. (ANI PHOTO)
Updated on Dec 18, 2024 01:41 AM IST
BySnehashish Roy, New Delhi

Nirmala Sitharaman, Mallikarjun Kharge spar in Constitution debate

In a heated Rajya Sabha debate, the government and Congress clashed over constitutional amendments, with accusations of undermining democracy and federalism.

Union finance minister Nirmala Sitharaman speaks in the Rajya Sabha during the Winter Session of Parliament, in New Delhi on Monday. (Sansad TV)
Updated on Dec 17, 2024 01:52 AM IST
By, New Delhi

‘Her English will be good, deeds aren't’: Congress vs Sitharaman in RS | Watch

Sitharaman attacked the Congress and said the party brought Constitutional amendments to protect its leaders and not for strengthening the democracy.

Union finance minister Nirmala Sitharaman and Congress chief Mallikarjun Kharge were speaking during the Constitution debate in Rajya Sabha. (PTI)
Updated on Dec 16, 2024 03:17 PM IST

Stage set for govt, Oppn MPs’ face-off on Constitution in RS

The Rajya Sabha will take up on Monday a two-day discussion on 75 years of the Constitution in the backdrop of a turbulent last week in the Upper House

Rajya Sabha Chairman Jagdeep Dhankhar greets as he arrives to conduct the proceedings of the House during the Winter Session of Parliament, in New Delhi on Friday. (ANI)
Updated on Dec 16, 2024 07:00 AM IST
By, New Delhi

BJP MPs meet finance minister, seek 900-cr funding for Himachal

This agreement entails financial assistance of ₹900 crore for the state under the Disaster Risk Reduction and Preparedness Project

BJP MP from Hamirpur Anurag Thakur (HT File)
Updated on Dec 13, 2024 07:48 AM IST
By, Shimla

PM Modi jokingly says ‘cut’ while meeting Kapoor family, Sitharaman shares video

PM Modi met with members of the Kapoor family on Wednesday and had an open discussion about the upcoming centenary celebrations late actor Raj Kapoor.

Prime Minister Narendra Modi in a meeting with the Kapoor family ahead of the upcoming Raj Kapoor 100 Film Festival on Raj Kapoor's centenary, in New Delhi on Wednesday. (DPR PMO)
Updated on Dec 12, 2024 01:38 PM IST

‘Public banks treated as ATMs under Cong rule’: Nirmala Sitharaman to Rahul

Rahul Gandhi in an X post alleged that the public sector banks are being “forced to prioritise profit over people

Finance minister Nirmala Sitharaman and Congress leader Rahul Gandhi
Published on Dec 11, 2024 10:11 PM IST

Nirmala Sitharaman holds pre-budget consultations with farm groups

During the pre-budget consultations, several farm leaders sought scrapping of the Goods and Services Tax, or GST, on agricultural inputs

The farmers union also asked Nirmala Sitharaman to enhance the cash benefit under the PM Kisan scheme to at least <span class='webrupee'>₹</span>10,000- <span class='webrupee'>₹</span>12,000 due to inflation (X/FinMinIndia)
Updated on Dec 23, 2024 05:57 PM IST
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