Middle Class News - Latest Updates & Headlines
Quick commerce sector to benefit most from tax rebates as higher disposable income kicks in from May 2025: ICICI report
New Delhi, March 6: The quick commerce sector will be a key beneficiary of the income tax cut announced in the Union Budget 2025, as it will trigger strong consumption growth among middle-class consumers, an ICICI Securities report anticipated.
Ashwini Vaishnaw lauds PM Modi, FM Sitharaman for taking care of lower, middle income groups
Bengaluru, Feb 15: Union Minister for Railways, Information and Broadcasting, Electronics, and IT, Ashwini Vaishnaw, said on Saturday that while presenting the budget Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman have always kept lower and middle-income groups at the core of thinking.
Budget is growth-centric and aims to empower middle class: Dharmendra Pradhan
New Delhi, February 10: Union Minister Dharmendra Pradhan described the Union Budget as growth-centric, aiming to empower the middle class and uplift vulnerable sections of society, while also stressing that the government is committed to boosting private-sector investment and driving economic development. O
We gradually healed the wounds of middle class: PM Modi on new tax exemptions
New Delhi, February 4: Prime Minister Narendra Modi, during his address in Parliament on Tuesday said that there were multiple 'bombs' and 'bullets' hurled at the middle class, which were then subsequently "healed" by the BJP-led government after 2014, in a reference to the new income tax introduced in by the Finance Ministry.
Income tax cuts in union budget to boost 2-wheeler and passenger vehicle sales: Jefferies
New Delhi, February 4: Union Budget raising the income tax exemption limit to Rs 12 lakh is expected to give a big boost to the demand of 2-wheelers (2Ws) and passenger vehicles (PVs) according to a report by the global brokerage firm Jefferies.
IT concessions in Union Budget a boon for middle class: Bengal Guv
Kolkata, Feb 3: West Bengal Governor, C.V. Ananda Bose, on Monday, described the Union Finance Minister Nirmala Sithraman's proposal to raise the minimum tax slab to Rs 12 lakhs from Rs 7 lakhs in the new regime in addition to Rs 75,000 of the standard deduction for salaried taxpayers as the real boon for the Indian middle-class society.
Tax relief to boost financial savings, consumption for urban Indians: Goldman Sachs
New Delhi, February 3: Multinational investment banking company Goldman Sachs said that the mega tax relief provided for in Budget 2025 will help the urban consumers boost their net household financial savings, besides partly boosting their consumption.
'Opposition criticism expected,': Union Minister Jitan Ram Majhi describes budget as 'balanced'
New Delhi, February 3: Union Minister Jitan Ram Majhi on Monday, defended the Union Budget 2025-26, stating that the criticisms from the Opposition are expected as they view it as their duty.
Middle class beware, warns Shiv Sena (UBT) in editorial on Union Budget's tax exemption
Mumbai, Feb 3: Shiv Sena (UBT) in an editorial in its mouthpiece 'Saamna' has taken a swipe at Union Finance Minister Nirmala Sitharaman about no tax on income up to Rs 12 lakh annually.
PM Modi's poll pitch for Delhi: Focus on middle class, protecting slums, and expanding welfare schemes
New Delhi, February 3: Launching a scathing attack at the ruling Aam Aadmi Party, Prime Minister Narendra Modi said that the 'AAP-DA' (disaster) government has ruined Delhi over the past eleven years. He assured the people that if the BJP forms government in Delhi, not a single slum will be demolished, nor will any welfare schemes be stopped.
This century will belong to India: BJP's Tarun Chugh lauds Union Budget 2025
New Delhi February 2: Bharatiya Janata Party National General Secretary Tarun Chugh has expressed strong support for Union Budget 2025, highlighting its vision for the country's future, and affirmed that the 21st century will belong to India.
Rajasthan BJP chief calls Budget 2025 a 'blessing for the middle class'
Jodhpur, February 2: Rajasthan BJP President Madan Rathore has lauded the provisions in the Union Budget 2025, and called it a "blessing for the middle class."
Positive, provides direct benefits for middle class: Rajasthan Minister Rajyavardhan Singh Rathore lauds Union Budget 2025
Jaipur, February 2: Rajasthan's industry and commerce minister Rajyavardhan Singh Rathore on Saturday lauded the Union Budget presented by Finance Minister Nirmala Sitharaman and said that the budget for the year is positive and is a roadmap to fulfilling Prime Minister Narendra Modi's resolve of 'Viksit Bharat.'
Odisha Minister hails Union Budget 2025 for supporting middle class, vision of Viksit Bharat
Bhubaneswar, February 2: Mukesh Mahaling, the Minister for Health and Family Welfare of Odisha, on Saturday expressed gratitude to Finance Minister Nirmala Sitharaman and Prime Minister Narendra Modi and said that the Union budget 2025 supports the middle class and will be significant to the resolve of Viksit Bharat.
Pragmatic Budget with reform blueprint places confidence in middle class: Industry chambers
New Delhi, Feb 1: The Union Budget 2025-26 provides a strong and convincing template for boosting growth and generating jobs, the twin imperatives for our economy today, with targeted interventions towards facilitating inclusive development, top industry chambers said on Saturday.
Tax exemption up to Rs 12 lakh a booster for consumption-led growth
New Delhi, Feb 1: "Just as living beings live expecting rains, citizens live expecting good governance". With these words, Union Finance Minister Nirmala Sitharaman on Saturday proposed an across-the-board change in tax slabs and rates to benefit all taxpayers, especially the middle class. Approximately Rs 1 lakh crore will be made available in the hands of the taxpayers by virtue of changes in slab, rates and rebate.
An inspirational Budget for India's goal to become 3rd largest economy: Pralhad Joshi
New Delhi/Bengaluru, Feb 1: Union Minister for Food and Civil Supplies Pralhad Joshi on Saturday described the Union Budget 2025 as highly inspiring for India's goal to become the third-largest economy in the world.
Union Minister Bandi Sanjay Kumar calls Union Budget truly extraordinary
New Delhi, February 1: Union Minister of State for Home Affairs Bandi Sanjay Kumar described the Union Budget as "truly extraordinary" and said it benefits the poor, middle class, farmers, small traders, and young entrepreneurs.
'Reform, perform, Transform': K'taka BJP on Union Budget (Ld)
Bengaluru, Feb 1: Karnataka BJP President B.Y. Vijayendra on Saturday termed the Union Budget as "reform, perform, transform! A budget for Viksit Bharat", adding that this Budget sets the foundation for a "future-ready Bharat, ensuring inclusive growth, economic prosperity, and new opportunities".
Budget 2025: One crore middle-income taxpayers to be out of tax net with raised exemption limit
New Delhi, February 1: One crore middle-income Indian taxpayers will be out of tax net according to announcements in the Union Budget 2025 presented by Finance Minister Nirmala Sitharaman on Saturday.
Transformative reforms will strengthen India's journey towards Viksit Bharat: Industry experts
New Delhi, February 1: The Union Budget 2025-26 has been hailed as a transformative step towards realizing the vision of 'Viksit Bharat,' with a strong focus on the middle class, MSMEs (Micro, Small and Medium Enterprises), private investments, and employment generation, said the industry body PHD Chamber of Commerce and Industry (PHDCCI) on Saturday.
Budget provides relief to salaried middle class: Union Minister Puri lauds FM Sitharaman
New Delhi, February 1: Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Saturday lauded the "outstanding" Budget presented by Union Finance Minister Nirmala Sitharaman, which he said catered to all sections of the economy and provided relief to the salaried middle class.
Pro-people, progressive Budget: Chandrababu Naidu
Amaravati, Feb 1: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Saturday hailed Union Budget 2025-26, terming it "pro-people" and "progressive".
Union budget provides balanced approach for long-term growth: Sajjan Bhajanka
New Delhi, Feb 1: Sajjan Bhajanka, Founder and Chairman of Century Plyboards Limited, praised the Union Budget 2025 for being a balanced approach that significantly benefits the middle class.
Parliamentarians hail Union Budget 2025; praise income tax relief for middle class
New Delhi, Feb 1: Parliamentarians lauded the Union Budget 2025, highlighting key provisions aimed at supporting the middle class, boosting infrastructure, and promoting economic growth.
Bumper deal: Middle class cheers as Union Budget exempts income tax for earnings up to Rs 12 lakh
New Delhi, Feb 1: In a historic move, Finance Minister Nirmala Sitharaman presented her 8th consecutive Union Budget on Saturday, with a focus on driving growth through four key sectors: Agriculture, MSMEs, Investment, and Exports. In a major relief for taxpayers, Sitharaman announced that individuals earning up to Rs 12 lakh annually will no longer have to pay income tax under the new regime.
Will give immense relief to middle class: PM Modi on Union Budget 2025
New Delhi, Feb 1: Prime Minister Narendra Modi on Saturday praised the Union Budget 2025, emphasising that it not only meets India's present needs but also prepares the nation for the future.
Industry bodies applaud key provisions in Union Budget 2025
New Delhi, Feb 1: The Union Budget 2025 has garnered strong reactions from industry leaders, with many praising its focus on economic growth, fiscal prudence, and tax relief measures.
Provides feel good factor, to encourage spending: Union Minister Hardeep Singh Puri on Union Budget
New Delhi, February 1: Union Minister Hardeep Singh Puri called this year's Union Budget excellent and highlighted the income tax exemption up to Rs 12 lakhs which he said will increase the middle class spending, giving a fillip to the economy.
Defence Minister Rajnath Singh congratulates Finance Minister Nirmala Sitharaman for tax relief
New Delhi, February 1: Defence Minister Rajnath Singh on Saturday congratulated Finance Minister Nirmala Sitharaman for presenting a "wonderful" Budget towards fulfilling the resolve of Prime Minister Narendra Modi.
Middle class is always in PM Modi's heart: Amit Shah congratulates PM, FM after big tax relief
New Delhi, February 1: Union Home Minister Amit Shah on Saturday congratulated Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for the 'comprehensive' and 'visionary' budget.
A dream budget for middle Class: Maharashtra CM Devendra Fadnavis applauds Union Budget
Mumbai, February 1: Maharashtra Chief Minister Devendra Fadnavis has hailed the Union Budget 2025 presented by Finance Minister Nirmala Sitharaman on Saturday, as a "dream budget," especially for the middle class.
Well-thought, beneficial for middle class: Businessmen laud Union Budget
New Delhi, Feb 1: The newly-announced tax slabs in Union Budget 2025 have brought significant relief to the Indian middle class, while the business community has lauded the move as a strategic decision that will fuel economic growth.
"A big gift for the middle class": Uttarakhand CM Dhami on no tax up to Rs 12 lakh announcement in Union Budget
Dehradun, February 1: Uttarakhand Chief Minister Pushkar Singh Dhami thanked Union Government under the leadership of Prime Minister Narendra Modi for the announcement in the Budget that no income tax will be payable on income up to Rs 12 lakh, providing significant relief to taxpayers especially the middle class.
Big relief to middle class, No tax on income of upto Rs 12 lakh
New Delhi, February 1: Finance Minister Nirmala Sitharaman, during her Union Budget 2025 speech, announced that no income tax will be payable on income up to Rs 12 lakh, providing significant relief to taxpayers especially the middle class.
Union Budget: Lok Sabha adjourned, to meet again on February 3
New Delhi, February 1: The Lok Sabha was adjourned on Saturday following the presentation of the Union Budget by Finance Minister Nirmala Sitharaman. The House will reconvene on February 3 at 11 a.m.
Tax booster for middle class: No income tax payable on income up to Rs 12 lakh
New Delhi, Feb 1: In a big boost to the Indian middle class, Finance Minister Nirmala Sitharaman on Saturday announced that there will be no income tax payable for incomes up to Rs 12 lakh, and Rs 12.75 lakh for salaried taxpayers (including standard deduction).
Union Budget: Middle class seeks tax relief, youth hope for jobs from Finance Minister
New Delhi, February 1: As the Union Budget 2025-26 approaches, Indians eagerly await policy announcements that will bring relief from income tax slabs, farmers issues and bring positive development in creating job opportunities.
Budget expectations: Cheaper essentials, more Jobs, and tax breaks
Prayagraj, February 1: As the Union Budget 2025-26 is set to be presented on Saturday, many are hoping for policy measures that will bring down prices of daily household items. Additionally, youth are looking for announcements that will create more jobs, while the salaried class is expecting income tax concessions.
Budget 2025: Jayant Sinha suggests tax exemptions for individuals earning Rs 10 lakh
New Delhi, January 28: In the run-up to the Budget for 2025-26, former BJP MP and financial market observer, suggested that individuals earning up to Rs 10 lakh per annum should enjoy the benefits of tax exemption.