NEW DELHI: Finance minister Niramala Sitharaman, replying to the opposition on the Union Budget on Tuesday, took a veiled dig at senior Congress leader P Chidambaram, saying the “Harvard and Oxford educated” leaders failed to contain the inflation as they adopted “reckless policies”.Sitharaman said the nation witnessed double-digit inflation during the UPA era as the…
NEW DELHI: Union finance minister Nirmala Sitharaman on Tuesday strongly rejected the charge of favouring only two states – Andhra Pradesh and Bihar – in her Budget speech and accused the opposition of spreading misinformation for political gains. Andhra Pradesh and Bihar are allies states of the BJP-led ruling NDA and their support is crucial…
NEW DELHI: Abhishek Banerjee, TMC leader and Diamond Harbour MP, joined the opposition INDIA bloc leaders on Wednesday to criticise the Union Budget, which he called “anti-people” aimed at “appeasing and compensating” BJP allies in the NDA.In the no-holds-barred attack on the BJP in Lok Sabha, Mamata Banerjee’s nephew said “B in budget stood for…
Representative image Luxury products such as watches, handbags, and high-end televisions are set to get costlier with the government proposing to levy 1% tax collected at source (TCS) on notified goods of value priced at more than ₹10 lakh. The tax is, however, unlikely to dent demand as these products are largely bought by well-heeled…
The Union Budget allocated Rs 11,500 crore for harnessing the waters of the Kosi river in Bihar. In addition, Bihar received infrastructure projects including expressways, a bridge, power plant, and more PATNA: The Union Budget, presented on Tuesday by Finance Minister Nirmala Sitharaman, made a provision of Rs 11,500 crore for harnessing and utilizing the…
Dressed in an off-white Mangalagiri sari with a purple-golden border, finance minister Nirmala Sitharaman on Tuesday presented her seventh consecutive Union Budget, reading from a tablet PC that was wrapped in the red-coloured ‘bahi-khata’ style pouch she has used for all her Budget speeches in place of the leather briefcase — called ‘budget’ from the…
The best clue to the politics of this Budget? The acronym emblazoned on the backdrop of Nirmala Sitharaman‘s post-Budget presser. First letters of ten different ‘priorities’ made up that acronym – EMPLOYMENT.Fresh from an where BJP lost its single party majority in part because many voters were unhappy with the lack of decent paying jobs,…
In another indication that the old tax regime will be eased out, finance minister Nirmala Sitharaman has tried to make the new tax regime more attractive for taxpayers.She has increased the standard deduction for salaried class by Rs 25,000 from Rs 50,000 to Rs 75,000 while keeping it at the same level of Rs 50,000…
The effect of 2024’s Lok Sabha election results was writ large on the first Budget of Modi 3.0, with employment creation given pride of place and keeping allies happy too very much in focus. The fact that the Budget comes at a time when the govt’s finances are relatively comfortable meant that finance minister Nirmala…
NEW DELHI: The third day of the Budget session is set for a massive showdown as the opposition INDIA bloc MPs have decided to protest in Parliament in the backdrop of the Union Budget, which they have called “discriminatory”.Union Budget presented by finance minister Nirmala Sitharam for the seventh consecutive time on Tuesday drew opposition’s…
