New Delhi, January 8: The upcoming union budget 2025-26 should focus on giving personal tax relief to common taxpayers by raising the basic exemption limit in the new tax regime from Rs 3 lakhs to Rs5 lakhs and reducing tax rates, suggests global consulting and professional services firm Ernst & Young India (EY India).
New Delhi, January 8: Emphasis on fiscal consolidation, tax system simplification, and investment-driven growth, in the Budget 2025 will lay a solid foundation for sustained economic development in India, asserted global consulting and professional services firm Ernst & Young India.
New Delhi, January 6: In their customary pre-budget meeting with Union Finance Minister Nirmala Sitharaman on Monday, trade union leaders suggested a super-rich tax and an increase in corporate tax to fund social security for informal workers.
New Delhi, January 6: The government may fall short of its capital expenditure (capex) target for the financial year 2025, according to a report by Motilal Oswal.
New Delhi, January 6: Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired the eighth Pre-Budget Consultation meeting with stakeholders and representatives from trade unions on Monday. The discussion was held in connection with the preparation of the Union Budget 2025-26.
New Delhi, Jan 5: The Union Budget 2025-26 should continue to prioritise employment creation to harness India’s demographic dividend and propel economic growth, apex business chamber CII said on Sunday.
New Delhi, January 5: The Confederation of Indian Industry (CII) has called for a range of measures to be included in the upcoming Union Budget announcements, including an integrated National Employment Policy, policy support for employment generation, implementation of labour codes, and increased participation of women in the workforce, among other initiatives.
New Delhi, January 2: Finance Minister Nirmala Sitharaman on Thursday met stakeholders from the financial sector and capital markets as part of her series pre-Budget consultations.