February 1, 2024 09:54 AM Parliament Budget Session Live: Government kept inflation under control despite global crisis President Droupadi Murmu said, “In the past years, the world witnessed two major wars and faced a pandemic like Corona. Despite such global crises, my government kept inflation under control in the country and did not let the …
The Indian pharmaceutical and healthcare industries are optimistic about Finance Minister Nirmala Sitharaman’s upcoming Union Budget 2025. Their wish list includes increased healthcare spending, tax cuts for research and development (R&D), and support for infrastructure growth to drive innovation and accessibility. Boosting Research and Development Industry leaders are urging the government to prioritise R&D support, …
As the Union Budget 2025 approaches, anticipation is building around potential tax reliefs, especially for those earning up to ₹15 lakh annually, and updates on cryptocurrency policies. This year’s Budget may include provisions aimed at supporting the middle class, youth, and farmers. A major point of interest is whether it will live up to the …
The government is expected to introduce the Insurance (Amendment) Bill in the Budget 2025 session, aiming to allow 100% FDI (foreign direct investment) in the insurance sector. This follows the 2021 reform that raised the FDI limit from 49% to 74%. Key Proposed Amendments The Bill aims to bring significant changes to the insurance industry, …
Private sector employees covered by the Employees’ Provident Fund Organisation (EPFO) have been pushing for an increase in their minimum pension, which is currently set at ₹1,000 per month. After years of campaigning, a delegation of EPS-95 pensioners met Finance Minister Nirmala Sitharaman on January 10 to ask for a raise to ₹7,500 per month, …
The Confederation of Indian Industry (CII) has presented a 10-point agenda to the government ahead of Budget 2025. The recommendations focus on reducing the compliance burden, simplifying regulatory processes, and enhancing transparency to improve the ease of doing business in India. Key Recommendations by CII 1. Streamlined Regulatory Approvals CII suggests that all regulatory approvals …
The Institute of ICAI (Chartered Accountants of India) has suggested to the Indian government that married couples should be allowed to file their income tax returns (ITRs) jointly under the New Tax Regime in the upcoming Budget 2025. This proposal aims to provide relief to families with a single earning member and reduce tax evasion. …
Anticipating Budget 2024 The Indian defence sector stands at a crucial juncture. With geopolitical tensions simmering and the need for self-reliance in strategic technology intensifying, all eyes are on the upcoming Union Budget 2024. While details remain under wraps, industry experts and stakeholders have voiced their expectations for the crucial allocation. As the fiscal year …
On February 1, 2023, the Union Budget was tabled by the Finance Minister in the parliament. The budget this year was critical for many reasons. It is the last full-fledged budget of the Modi 2.0 government before the general election scheduled in 2024. Apparently, FinMin offered a wholesome budget, focusing on the growth of critical …
Capital markets players have great expectations from the Union Budget 2017. It needs to be remembered that this will be the penultimate Union Budget of this government as the 2019 budget will most likely be a Vote-on-Account. Typically, we have seen governments in the past adopt a populist tilt around the penultimate budget. What form …
