- 07 Feb 2025 06:10 PM
- New
Big Brother watching: Optional GST invoice reconciliation to be made mandatory
NEW DELHI : An optional, online system to reconcile transaction details for availing GST credit may soon be made mandatory, according to two persons aware of the development.
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- 03 Feb 2025 06:18 PM
- New
GST rate rationalisation needed: Finance SecyGST rates need to be rationalised: Finance Secretary
New Delhi, Feb 3 (PTI) Finance Secretary Tuhin Kanta Pandey on Monday said enough experience has been gained with regard to implementation of GST and now the rates need to be rationalised in consultation with states.
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- 03 Feb 2025 06:01 PM
- New
Ajit Ranade: The budget’s consumption stimulus will stand India in good stead
The big story of finance minister Nirmala Sitharaman’s record eighth budget was its consumption stimulus. This was given by raising the ceiling of tax-free income. No tax is payable for anyone earning an income up to ₹12 lakh. This significant jump in the maximum permissible tax-free income came after a gap of five years—it was raised to ₹7 lakh in 2019.
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- 03 Feb 2025 06:09 PM
Budget 2025 Key Announcements: New tax bill, income tax slab, ITR extension, more from FM Nirmala Sitharaman. Full list
Budget 2025 Key Announcements: FM Nirmala Sitharaman announced a new tax bill, changed income tax slab, ITR extension, and more in Budget 2025. We take a look at the full list of key announcements.
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- 03 Feb 2025 06:14 PM
The big post-budget interview: Nirmala Sitharaman says she wanted to ‘honour the taxpayer’
In an interview to Mint and HT, FM Nirmala Sitharaman explained the philosophy behind the new Income Tax bill, what the government is doing to ensure regulators don’t operate in silos, how the government is trying to diversify export markets and the plan to reach 8% GDP growth. Edited excerpts:
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- 03 Feb 2025 05:59 PM
‘We are putting money back in the hands of taxpayers’
With this budget we’re stating one thing very clearly, that credit availability is essential for people, for running their businesses, said the finance minister.
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- 03 Feb 2025 05:56 PM
Arvind Chari: This is a budget to optimize growth within constraints
The first full-year budget of India’s new National Democratic Alliance government, sworn in after the 2024 general election, was presented against the backdrop of a noticeable slowdown in economic growth over the last four quarters. I discussed the issue of whether this slowdown is cyclical or structural in a recent column for Mint, summarizing it as being an issue of expectations.
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- 03 Feb 2025 06:21 PM
Budget proposal for 200 cancer care centres not enough: skilled oncologists, nurses and equipment needed, say experts
District daycare centres will decentralize cancer care, but India needs thousands more oncologists, specialist nurses and equipment, experts said. Besides, the GST on indigenous cancer drugs need to be removed entirely, said Biocon chairperson Kiran Mazumdar Shaw.
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- 03 Feb 2025 05:44 PM
Net GST collection in January rises 11% to ₹1.71 trillion
The gross collection last month stood at ₹1.95 trillion, the highest since the record ₹2.1 trillion recorded in the same month last fiscal. This upward movement in revenue collection comes after a drop in December, when collections fell to a three-month low.
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- 01 Feb 2025 04:36 PM
Budget 2025 | Seven key factors to track in the budget speech
Finance minister Nirmala Sitharaman will on Saturday deliver her eighth Union budget in a row as the National Democratic Alliance government that returned to office last year with reduced majority in Lok Sabha seeks to add vigor to economic growth and create more jobs. It is easy for a government to usher in reforms early into its term as there may not be any immediate political risks. Mint takes a look at key factors to watch out for in the Union budget for 2025-26.
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