Business

01

Feb

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Business

Key changes affecting bank, ATM, UPI users, and more – India TV

Image Source : INDIA TV REPRESENTATIVE IMAGE As we begin February 2025, there have been some major changes that have been made, affecting day-to-day financial transactions and services. These new regulations, which are applicable from February 1, involve various aspects from ATM cash withdrawal to UPI transactions, banking rules, cylinder gas prices, and car prices. Also, today is the day the Union Budget 2025 is being unveiled, and it is going to have some major announcements for the masses.  Below are five major changes that directly impact the common man: 1. ATM cash withdrawals get costlier ATM withdrawal charges have…

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01

Feb

By The Press Editor

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Business

CAPFs under MHA receive budget hike for national security – India TV

Image Source : PTI/FILE PHOTO Women personnel representing various para-military forces at the CAPFs tableau during the 74th Republic Day Parade at the Kartavya Path, in New Delhi In the Union Budget of 2025-26, the Central Armed Police Forces (CAPFs) of the Ministry of Home Affairs (MHA) for guarding India's borders and providing internal security have received a modest increase in their budgetary outlays. CRPF gets highest allocation among CAPFs With over 3.25 lakh strength, the biggest CAPF is the Central Reserve Police Force (CRPF) that has been allocated Rs 35,147 crore in the next fiscal year, up from the…

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01

Feb

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Business

Over 8.6 lakh homes get solar panels in first year – India TV

Image Source : PEXELS REPRESNTATIVE IMAGE PM Surya Ghar Muft Bijli Yojana, with the goal of encouraging solar energy usage in homes across India, has reached a milestone as it has successfully installed 8.6 per cent of its targeted number in the first phase. This scheme plans to install solar panels on 1 crore homes within three years and has successfully covered 8,61,240 homes with rooftop solar systems within the first year. Rs 4,966 crore subsidy given till date Since its launch, the scheme has received 43.99 lakh applications and recorded 1.7 crore registrations. By January 29, 2025, 19 per…

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01

Feb

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Business

Budget has invested in agriculture, rural prosperity and urban development, says Sitharaman – India TV

Image Source : PTI Nirmala Sitharaman Hours after presenting the Budget 2025, Union Finance Minister Nirmala Sitharaman on Saturday addressed a press conference and said the budget this time has invested in agriculture, rural prosperity and urban development. "The budget says several things about our path towards 'Viksit Bharat'. It has invested in agriculture, it has certainly looked at rural prosperity, focuses on urban development, particularly looking at urban workers, and continues to lay emphasis on reforms,” she said. She further said responding to voice of the people, which is what PM Modi is known for, it is a very…

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01

Feb

By The Press Editor

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Business

Nirmala Sitharaman announces big relief for middle class, check old and new income tax slabs – India TV

Image Source : PIXABAY Slabs and rates being changed across the board to benefit all tax-payers. Finance Minister Nirmala Sitharaman on Saturday delivered a significant relief to middle-class taxpayers by making annual income of up to Rs 12 lakh in the new tax regime tax-free. Key Points - Slabs and rates being changed across the board to benefit all tax-payers - New structure to substantially reduce taxes of middle class and leave more money in their hands, boosting household consumption, savings and investment - ‘Nil tax’ slab up to ₹12.00 lakh (₹12.75 lakh for salaried tax payers with…

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31

Jan

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Business

From Deeptech fund to tweaks in safe harbour rules threshold, tech industry’s wishlist – India TV

Image Source : PIXABAY Nasscom said there should be a dedicated central deeptech fund. Budget 2025:  The Union Budget for the financial year 2025-26 is scheduled to be presented by Finance Minister Nirmala Sitharaman tomorrow i.e. on February 1, 2025. Ahead of that, India's apex IT industry body Nasscom has batted for measures to strengthen the availability of 'patient capital' (long-term capital) for deeptech startups in India. According to the industry body, there should be a dedicated central deeptech fund (in the form of fund-of-funds) structured with flexibility for longer gestation (10 years with extensions). The fund's structure may incorporate…

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31

Jan

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Business

Growth rate of 8 key infra sectors slows to 4% in December 2024 – India TV

Image Source : PTI The eight core sectors contribute 40.27 per cent to the Index of Industrial Production (IIP). The output of eight key infrastructure sectors - that includes coal, refinery products, fertiliser, and steel - slowed down to 4 per cent in December 2024, according to official data released on Friday. The data shows that the growth rate of these sectors was 5.1 per cent a year ago.  On a monthly basis, the growth rate in the production of these sectors was lower than the 4.4 per cent expansion recorded in November 2024. In December, the production of natural…

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31

Jan

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Business

Budget 2025: I-T exemption threshold remains unchanged for 10 years

Image Source : PIXABAY The new tax regime exempts income up to Rs 3 lakh. Budget 2025: As Finance Minister Nirmala Sitharaman prepares to present Union Budget 2025 on February 1, salaried people are expecting some relief in terms of income tax liability. Experts believe that the threshold should be changed as it has remained unchanged at Rs 2.5 lakh since 2014 in the old tax regime. Old tax regime Under the old tax regime, Income from Rs 2.5-5 lakh attracts 5 per cent tax, and 20 per cent for income between Rs 5 lakh and Rs 10 lakh. A…

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31

Jan

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Business

What homebuyers want from Finance Minister Nirmala Sitharaman – India TV

Image Source : PIXABAY Homebuyers are hopeful that this Budget will have a higher budget allocation for government initiatives. Budget 2025: Homebuyers were not happy with the Budget 2024-25 as it did not address concerns like high interest rates on home loans and the annual increase in stamp duty charges.  Homebuyers are now expecting some announcements from Finance Minister Nirmala Sitharaman that will enhance affordability. Budget 2025: Here's what homebuyers expect - Homebuyers are hopeful that this Budget will have a higher budget allocation for government initiatives like the Pradhan Mantri Awas Yojana (PMAY-U). Also, they want the loan-linked subsidy…

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31

Jan

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Business

From decline in global commodity prices to softening of food inflation, key highlights – India TV

Image Source : ANI The Economic Survey is an annual document presented by the government ahead of the Union Budget. Economic Survey 2024-25: Finance Minister Nirmala Sitharaman has presented the Economic Survey 2024-25 in the Lok Sabha. The Economic Survey 2024-25, tabled in both houses of Parliament, said the risk from higher commodity prices seems limited in FY26. It also said that the food inflation is likely to soften in Q4 FY25 with seasonal easing of vegetable prices and kharif harvest arrivals. Check Key Highlights Here -  Estimates suggest that India's retail price inflation will align progressively with the…

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