New Delhi: The textiles ministry may get a 15% bump in allocation for FY26 to around ₹5,080 crore, including a 33% rise in budgetary funds for the Production Linked Incentive (PLI) scheme for textiles. In 2024-25, the allocation for the textiles ministry was ₹4,417.03 crore. The extant allocation for the PLI scheme for technical textiles…
NEW DELHI: The first part of Parliament’s Budget session is likely to be held between Jan 31 and Feb 13, with finance minister Nirmala Sitharaman set to table her eighth straight budget on Feb 1. In line with the convention that is followed in case of the budget, the session will initially start with President…
NEW DELHI: Parliamentary Budget session is set to commence from January 31 till April 4. Finance minister Nirmala Sitharaman would present the Union Budget 2025 under the Modi 3.0 government in February. President Droupadi Murmu to address joint sitting of Lok Sabha and Rajya Sabha on January 31.“The Fourth Session of Eighteenth Lok Sabha will…
Budget 2025: EY has also recommended that the government reduce income tax rates. (AI image) Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman should consider raising the basic exemption limit from Rs 3 lakh to Rs 5 lakh under the new tax regime, says EY in its pre-Budget 2025 recommendations.EY, a leading consultancy firm…
The Gem & Jewellery Export Promotion Council (GJEPC) has sought the government’s support for the generic promotion of diamonds in international markets to protect jobs, safeguard exports, and preserve millions of livelihoods while ensuring India’s global leadership in diamond exports. Vipul Shah, chairman of GJEPC who met Union Finance Minister Nirmala Sitharaman recently has sought…
GST council has sanctioned a rate increase to 18% from 12% for transactions involving the sale of old and used cars. GST Council Meeting latest update: The ongoing 55th GST council meeting in Jaisalmer is addressing crucial taxation matters, including revisions for AAC blocks, fortified rice and flavoured popcorn categories.According to ET’s Deepshikha Sikarwar, the…
Nirmala Sitharaman and Vijay Mallya. NEW DELHI: Fugitive businessman Vijay Mallya stated on Wednesday that the banks have recovered more than double the amount owed in the Kingfisher Airlines case. He contends he is due relief.Finance Minister Nirmala Sitharaman told Parliament on Tuesday that the banks had recovered Rs 14,131.60 crore from Mallya. This recovery…
Nirmala Sitharaman and Mallikarjun Kharge in Rajya Sabha. Congress mutilated statute to promote ‘dynasty’: NirmalaRajya Sabha witnessed a fiery start to the two-day-long discussion to mark 75 years of the Constitution with finance minister Nirmala Sitharaman launching a scathing attack on Congress for carrying out major amendments to the statute over the decades with the…
Nirmala Sitharaman (Agencies photo) NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday advised industry to realign its supply chain factoring in political and strategic considerations to ensure that there was no concentration of risks, a statement that appeared to be aimed at China.“When you talk of supply chains, when you want to restore supply chains…
Women aged between 18 and 70 who have completed their 10th-grade education are eligible to apply, said Nirmala Sitharaman NEW DELHI: The Bima Sakhi scheme will help increase the number of women in Life Insurance Corporation‘s agent force, said finance minister Nirmala Sitharaman on Monday. Out of every 100 agents, the state-run insurer currently has…
