Tag: budget
Industry bodies ask finance ministry to ease TDS rates for Union Budget 2025: Report
Industry bodies have asked the finance ministry to simplify the rates of tax deducted at source (TDS) for the Union Budget, which will be presented…
‘Your money is being wasted’: Elon Musk says he can cut $2 trillion from US federal budget
Elon Musk claimed he can eliminate at least $2 trillion from the federal budget, laying out his vision for substantial government spending cuts if Donald…
Capex loan to states may be 20% lower than Budget estimates
New Delhi: The government expects disbursement of interest-free, long-term loans to states for capital expenditure to be 15-20% lower than the budget estimate for fiscal…
FinMin seeks expenditure proposals for supplementary demands for grants
New Delhi: The finance ministry has sought expenditure proposals for the first batch of supplementary demands for grants from various ministries and departments ahead of…
Income tax simplification hopes rise as feedback process nears rollout; Budget 2025 may bring big news on direct tax laws
Income Tax reform: Expectations are rising that India might finally see the long-awaited simplification of its direct tax laws in the coming budget. According to…
Govt retains borrowing target, to raise Rs 6.61 lakh crore in H2 to fund revenue gap
NEW DELHI: The Centre has retained its borrowing target for the current financial year and plans to raise Rs 6.61 lakh crore through auction of…
Finance ministry to hold pre-budget meetings from October 10; first huddle with renewable energy ministry
The finance ministry will hold the first of a series of its pre-budget meetings on October 10 with the ministry of new and renewable energy,…
FY26 Budget-making process to start in second week of October
Pre-Budget meetings will start in the second week of October and run through the middle of November, the finance ministry said, as it announced the…
India committed to reduce budget deficit over medium term, says Fitch Ratings
Indian government is committed to reducing the budget deficit over the medium term even amid the demands that governing in coalition will impose on the…
Centrally sponsored schemes may be cut to 50 from 75 on Finance Commission recommendations
The government may reduce centrally sponsored schemes (CSS) to 50 from 75 at present by merging some and phasing out those that are no longer…