Mayor of Kolkata Municipal Corporation Firhad Hakim tabled the annual Budget today with the civic body. He is looking forward to spending over Rs 458 crore more in the next fiscal as compared to last year’s estimated Budget.
The Uttar Pradesh government, on, presented a historic Budget of Rs 8.08 lakh crore for the financial year 2025-26 in the state assembly, marking the largest budget in Uttar Pradesh’s history.
About 61 per cent of CFOs globally are planning to increase average employee compensation this year, compared to 71 per cent in 2024 and 86 per cent in 2023.
Offering rare insights in the Government’s economic thinking and giving a snapshot of the Indian Economy, together with a SWOT analysis, every word of the Economic Survey is precious to serious students of economics.
MCD Commissioner Ashwani Kumar on Thursday presented the budget estimates for the 2025-26 fiscal year in the MCD House with an estimate of Rs 17,000 crore.
With the record budgetary allocation of 2.40 lakh crore, semi-high speed Vande Bharat Express trains, modern LHB coaches, a railway track with anti-collision technology armor, a new signaling system, a new type of wagons, construction of high-speed wheels, system dome coaches including all the development works could be done on the railway tracks.
For pensioners, the finance minister announced extending the benefit of standard deduction to new tax regime.
"50 additional airports, helipads, water aero drones, and advanced landing grounds will be revived to improve regional air connectivity," informed Sitharaman in Lok Sabha.
In 2019, the Union Budget was presented in a traditional 'bahi-khata' rather than a leather briefcase. It was the first time since independence that any Finance Minister had 'opted out' of a briefcase or a hardbound leather bag.
The government cannot ignore the middle classes totally because the ruling party has high hopes for support in voting from this class. So, it looks like it might indulge in some tinkering with the income tax rates. The peak in personal income tax may be brought down from the present 42.74 per cent since it is 25.20 per cent higher than that of the corporate tax. Also likely is the increase in the standard deduction from its 2019 set limit of Rs 50,000 to Rs 75,000 or Rs 1 lakh
