India Budget News - Latest Updates & Headlines
Govt of India nets Rs 25.46 lakh crore, spends Rs 38.93 lakh crore in FY24-25 up to Feb: Reports
New Delhi, March 28: The Government of India's monthly account up to February 2025 (FY2024 -25) has been consolidated, and reports have been published, according to the release.
India's fiscal deficit in April-Jan touches 74.5 per cent of full year target for FY25
New Delhi, Feb 28: India's fiscal deficit for the first 10 months of the current financial year (April-January) stood at Rs 11.70 lakh crore, or 74.5 per cent of annual estimates, according to data released by the Controller General of Accounts (CGA) on Friday.
India's Income Tax reforms to foster more transparent, taxpayer-friendly environment: Experts
New Delhi, Feb 13: The new Income Tax Bill 2025, scheduled to take effect on April 1, 2026, is set to foster a more transparent and taxpayer-friendly environment, representing a historic milestone in India's tax landscape, industry experts said on Thursday.
Focus on fiscal consolidation, growth supports India's credit profile: CareEdge Global
New Delhi, February 9: The Union Budget for 2025-26, presented on February 1, reinforces credibility in India's fiscal consolidation roadmap while emphasizing boosting the economy's overall growth potential, CareEdge Global Ratings said in a report.
Govt continues to push solar sector, budgetary allocation hiked 60 pc this year: Jefferies
New Delhi February 6: The government continues the push for the solar sector in the FY26 Budget, with a year-on-year (YoY) rise of over 60 per cent to Rs 242 billion (24,200 cr), according to a report by Jefferies.
USISPF welcomes India's Union Budget 2025-26, applauds landmark reforms and forward-looking initiatives
New Delhi, February 2: The United States-India Strategic Partnership Forum (USISPF) on Sunday commended the Finance Minister Nirmala Sitharaman, and the Government of India for unveiling a robust Union Budget 2025-26.
Govt earns most from borrowings, spends major share of Budget on interest payments
New Delhi, February 2: India's Union Budget 2025-26 revealed a significant reliance on borrowings, accounting for 24 per cent of the government's income, followed closely by income tax, which contributes 22 per cent to the revenue.
Push for lower, middle-income households in Budget to roll private investment cycle: HDFC Bank
New Delhi, February 2: The Union Budget 2025's focus on supporting lower and middle-income households could help revive private investment in the economy, according to a report by HDFC Bank.
Budget reaffirms India as innovation, knowledge-centric economy: SBI Chairman
New Delhi, Feb 1: The Union Budget 2025-26 reaffirms India as an innovation and knowledge-centric economy with a slew of reforms across agriculture, MSME, export centricity, education and healthcare, and balancing skills and AI, SBI Chairman C.S. Setty said on Saturday.
With careful pruning of schemes, expenditure assumptions can be met: HSBC on Budget 2025-26
New Delhi, Feb 1: The Central government on Saturday announced a consumption stimulus (cuts in personal income tax rates), held on to its capex thrust, and yet stayed on the fiscal consolidation path, an HSBC report said.
UK India Business Council welcomes Union Budget's focus on regulatory reforms, fiscal consolidation
New Delhi, February 1: The UK India Business Council (UKIBC) on Saturday congratulated Finance Minister Nirmala Sitharaman and the Government of India on the presentation of India's Union Budget 2025-26.
Scrapping customs duty on lithium-ion battery to boost EV manufacturing
New Delhi, Feb 1: The scrapping of basic customs duty on the import of lithium-ion battery scrap and capital goods – or the machinery used to manufacture lithium-ion batteries – will strengthen the domestic battery storage ecosystem, the industry said on Saturday.
Budget 2025: India sets ambitious goal of 100 GW Nuclear Energy by 2047
New Delhi, February 1: In a major step towards clean energy transition, Finance Minister Nirmala Sitharaman announced a Nuclear Energy Mission during the presentation of the Union Budget 2025.
Budget 2025: Fiscal deficit target pegged at 4.4% for 2025-26
New Delhi, February 1: Presenting the Union Budget, Finance Minister Nirmala Sitharaman on Saturday pegged the fiscal deficit target at 4.4 per cent of GDP for the financial year 2025-26.
Diplomats arrive at the Parliament ahead of the Budget Session
New Delhi, January 31: Foreign diplomats have arrived at the Parliament ahead of the 2025 budget session on Friday.
20 per cent capex growth crucial for boosting India's GDP: EY report
New Delhi, January 30: The upcoming union budget should increase the capital expenditure (Capex) by at least 20 per cent to revive domestic demand, private consumption and ensure sustainable GDP growth says the EY Economy Watch January 2025 report.
India Inc. pegs GDP growth at 6.5-6.9 pc for 2025-26: FICCI pre-Budget survey
New Delhi, Jan 28: India Inc. is optimistic about the growth prospects of the economy and wants the Union government's thrust on capital expenditure (Capex) to continue in the Union Budget 2025-26, according to a survey released by apex business chamber FICCI on Tuesday.
Budget should focus on increasing capex, checking fiscal deficit, reducing debt to GDP: EY India
New Delhi, January 8: Emphasis on fiscal consolidation, tax system simplification, and investment-driven growth, in the Budget 2025 will lay a solid foundation for sustained economic development in India, asserted global consulting and professional services firm Ernst & Young India.