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The Union budget presented on 1 February made income up to 12 lakh tax-free, up from 7 lakh earlier. Factoring in the standard deduction of 75,000 for the salaried class, an income up to 12.75 lakh will be tax-free.

The budget announced a prosperity and resilience scheme aiming to skill rural youth and reduce distress migration. But it kept funding for flagship jobs scheme MGNREGS unchanged at 86,000 crore.

Chief economic adviser V. Anantha Nageswaran said at a post-budget interactive session that the income tax relief announced in the budget would boost disposable income and support the economy, whether directed toward consumption or savings.

Union Budget 2025 proposed an increase in the income tax exemption limit to 12 lakh and an increase in the TDS threshold on interest from fixed deposits for general (non-senior) citizens from 40,000 to 50,000 per financial year.

The budget has delivered on changing the narrative on weak consumption demand while continuing on the path of fiscal consolidation and giving a roadmap of reducing India's debt to GDP to 50% (+/-1%) by FY31, thus setting the base for a likely upgrade ...

This includes removing the condition that mandates the presence of Indian residents in the boards and top management of insurance entities.

The supply demand gap of workforce across states is skewed and unless there is an immediate impact of agricultural reforms and infrastructure development, migration will not ease, recruiters said.

In an interview to Mint and HT, FM Nirmala Sitharaman explained the philosophy behind the new Income Tax bill, what the government is doing to ensure regulators don't operate in silos, how the government is trying to diversify export markets and the ...

The 2025 Union Budget prioritizes manufacturing, agriculture, and MSMEs to achieve Viksit Bharat by 2047. It proposes enhanced credit access, regulatory reforms, and digital infrastructure for trade, aiming to boost productivity, and foster ...

A section of manufacturers sees the budget announcement as a big boost, but others say the relief will only benefit specific companies like China's TCL and India's Dixon ...