Union Budget News


Union Budget 2025: Key Expectations for India's Insurance Sector

   22 January 2025 at 08:59

As Finance Minister Nirmala Sitharaman gears up to present the Union Budget 2025 on February 1, industry experts are eyeing significant reforms to propel India toward its ambitious goal of "Insurance for All" by 2047.

Posted in Union Budget |   1812 Views


Union Budget 2025: Industry Experts Seek Tax Incentives to Boost REITs and Green Buildings

   22 January 2025 at 08:59

Industry insiders and experts are urging the Union Budget 2025 to introduce tax incentives and simplify the tax structure to enhance the appeal of Real Estate Investment Trusts (REITs) as a viable investment option.

Posted in Union Budget |   1581 Views


NRIs Expect Tax Relief in Budget 2025: Key Issues Highlighted

   21 January 2025 at 08:53

As Finance Minister Nirmala Sitharaman gears up to present the Union Budget 2025, the global Indian diaspora of 35.42 million is hopeful for much-needed tax reforms.

Posted in Union Budget |   1704 Views


Budget 2025: Govt Plans to Phase Out Old Tax Regime

   20 January 2025 at 08:48

In the upcoming Budget for FY26, Finance Minister Nirmala Sitharaman is expected to announce a roadmap for the gradual phasing out of the old personal income tax regime over the next few years.

Posted in Union Budget |   13794 Views


Govt Considers Personal Tax Relief in Budget 2025 to Boost Consumption

   20 January 2025 at 08:48

As the Union Budget 2025 approaches, growing expectations suggest that the government is actively considering personal tax relief measures aimed at boosting consumption and accelerating economic recovery.

Posted in Union Budget |   2109 Views


EV Industry Seeks GST Cut on Batteries & Infrastructure Status for Charging Stations in Upcoming Budget

   20 January 2025 at 08:48

The Electric Vehicle (EV) industry is calling on the government to slash the GST on EV batteries from the current 18% to 5%, aligning it with the GST rate applied to electric vehicles.

Posted in Union Budget |   777 Views


Budget 2025: New Income Tax Law and Expectations

   20 January 2025 at 08:48

The upcoming Budget 2025 session of Parliament is set to witness the introduction of a brand-new Income Tax Bill, aimed at simplifying the decades-old Income Tax Act of 1961. A

Posted in Union Budget |   3924 Views


Budget 2025: Tax Relief for Salaried Class and MSMEs Expected to Boost Economy

   18 January 2025 at 07:54

As the Union Budget 2025-26 approaches, tax experts and stakeholders are urging the government to address key concerns of the salaried class and Micro, Small, and Medium Enterprises (MSMEs) to drive consumption, investment, and economic growth.

Posted in Union Budget |   1833 Views


Union Budget 2025: Insurance Industry Seeks Reforms, Tax Incentives and Capital Infusion for Growth

   17 January 2025 at 09:01

The insurance sector is eagerly anticipating the Union Budget 2025, with expectations of significant amendments to the Insurance Act and key tax exemptions aimed at boosting health and protection insurance adoption.

Posted in Union Budget |   1419 Views


CREDAI Seeks 15% Income Tax for Affordable Housing in Budget 2025

   17 January 2025 at 08:55

The Confederation of Real Estate Developers' Associations of India (CREDAI), representing over 13,000 developers, has urged the government to introduce a fixed 15% income tax rate for affordable housing projects in the upcoming Union Budget 2025.

Posted in Union Budget |   411 Views