Modi government upholds ‘Trust first, scrutinize later’ principle through new I-T regime
With these reforms, the Narendra Modi government is aiming to achieve good governance for the people and economy, which primarily involves being responsive.
With these reforms, the Narendra Modi government is aiming to achieve good governance for the people and economy, which primarily involves being responsive.
Talking to the newspaper, Nikhil Kumar, who works for a corporate mentioned that raising the tax threshold was a relief for him as earlier his income was under the taxable bracket, but he will no more have to worry about that.
The Union Budget proposals will re-energise the economy by uplifting the spirit of the middle class and encouraging the private sector to advance its investment plans as demand improves across sectors, FICCI president Harsha Vardhan Agarwal said on Saturday.
Reacting on the Budget, industry body PHDCCI said the focus on Middle class and MSMEs will enhance consumption and production segments, boost private investments and create employment opportunities.
Finance Minister Nirmala Sitharaman on Saturday announced ‘Prime Minister Dhan-Dhaanya Krishi Yojana’, which is likely to aid 1.7 crore farmers to boost agricultural productivity.
Agricultural income has increased at 5.23 per cent annually over the past decade, according to the Economic Survey 2024-25 tabled in the Parliament on Friday by Union Finance Minister Nirmala Sitharaman.
The Economic Survey 2025 has highlighted challenges in the regulatory environment for the MSMEs. It said the regulatory compliance burden holds back formalisation and labour productivity, limits employment growth, chokes innovation and depresses growth.
The Economic Survey tabled by Union Finance Minister Nirmala Sitharaman on Friday showcased key developments in the Indian economic landscape, from growth numbers to banking sector performances. It highlighted that India’s economy is projected to expand between 6.3 per cent and 6.8 per cent in the financial year 2025-26 (FY26).
Initiatives by the government, including preventive measures, universal access to high-quality healthcare, strengthened public health infrastructure, and advancements in medical education, have collectively contributed to making healthcare in India more accessible and affordable for all, according to the Economic Survey 2024-25 tabled in Parliament on Friday.
While the Indian financial sector shows resilience, international market conditions may have some influence on India. Any correction in the US stock market could have implications for global markets, it warned.
