Latest News

“A band-aid for bullet wounds, government bankrupt of ideas”: Rahul Gandhi slams union budget

New Delhi [India], February 1 (ANI): Congress leader Rahul Gandhi on Saturday described the union budget as “a band-aid for bullet wounds” and said the “government is bankrupt of ideas” to boost the economy and increase employment. The budget 2025-26 was presented by Finance Minister Nirmala Sitharaman in Parliament on Saturday. Congress leaders have slammed the budget. “A band-aid for bullet wounds! Amid global uncertainty, solving our economic crisis demanded a paradigm shift. But this government is bankrupt of ideas,” Rahul Gandhi, who is Leader of Opposition in Lok Sabha, said in a post on X. A band-aid for bullet

Takeaways from India’s budget that slashes income tax on the salaried middle class to spur growth

NEW DELHI, February 1, 2025 (AP) — Indian Prime Minister Narendra Modi’s government presented an annual budget to Parliament on Saturday that focused on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and manufacturing. In her budget speech, Finance Minister Nirmala Sitharaman said the government is focused on boosting private investment to strengthen growth, increasing funding in the agriculture sector and enhancing the spending power of India’s middle class. “The focus of the budget is taking everyone together on an inclusive path,” Sitharaman said, adding that the government is aiming for a fiscal

CGST law amendment may hit realty sector: Experts

New Delhi, Feb 1 (PTI) The government on Saturday proposed a retrospective amendment to the CGST law concerning ‘plant or machinery’, a move that is likely to adversely impact real estate companies seeking input tax credit on the construction and leasing of commercial assets, said experts. Against the backdrop of a Supreme Court ruling related to input tax credit, the government has mooted substituting the word ‘plant or machinery’ with ‘plant and machinery’ under a section of the Central Goods and Services Tax (CGST) Act. The government has proposed retrospective amendment in Section 17 (5), which provides an exhaustive list

FM proposes to raise threshold for TDS on remittance to Rs 10 lakh from Rs 7 lakh

New Delhi, Feb 1 (PTI) Finance Minister Nirmala Sitharaman on Saturday proposed to increase the threshold of tax collected at source (TCS) on remittances under the RBI’s Liberalized Remittance Scheme to Rs 10 lakh from the existing Rs 7 lakh to give relief to non-resident Indians. Presenting her eighth straight Budget in the Lok Sabha on Saturday, Sitharaman said, “I also propose to remove TCS on remittances for education purposes, where such remittance is out of a loan taken from a specified financial institution.” She stated that the threshold to collect TCS on remittances under LRS is proposed to be

1 … 1,161 1,162 1,163 1,164 1,165 … 1,687