All posts tagged: budget 2025

T.N. allocated funds for Samagra Shiksha from its own resources to compensate for dues from Centre: Thangam Thennarasu

T.N. allocated funds for Samagra Shiksha from its own resources to compensate for dues from Centre: Thangam Thennarasu

Published by Parlour News

Tamil Nadu Finance Minister Thangam Thennarasu presents the 2025-26 Budget | Photo Credit: Special Arrangement Prioritising the welfare of schoolchildren, Tamil Nadu Finance Minister Thangam Thennarasu on Friday (March 14, 2025) said the State government has allocated funds from its exchequer to compensate for ₹2,152 crore funds due from the Centre to the State under the Samagra Shiksha scheme. Presenting the Budget 2025-26, Mr. Thennarasu said the Union government has withheld the approved amount of ₹2,152 crore citing the State’s non-acceptance of the National Education Policy, 2020, which includes the three-language policy. “Despite this, keeping in mind the welfare of students, the State government has allocated funds, including salaries of teachers, from its own resources to ensure that the education of government school students remains unaffected.” Follow live updates here. He also said a total of ₹46,767 crore has been allocated for the School Education Department in 2025-26. The budgetary allocation for the department in 2024-25 was ₹44,042 crore. The Finance Minister also said under the Samagra Shiksha scheme, the State government has been successfully …

A.P. Budget figures do not add up, says Buggana Rajendranath Reddy

A.P. Budget figures do not add up, says Buggana Rajendranath Reddy

Published by Parlour News

 The Budget booklet is colourful, but it lacks clarity content-wise, says YSRCP leader Buggana Rajendranath Reddy. | Photo Credit: File Photo Terming the Andhra Pradesh Budget for 2025-26 financial year as a jugglery of figures, former Finance Minister and YSR Congress Party (YSRCP) leader Buggana Rajendranath Reddy has said the figures do not add up and there is no clarity on how the ‘Super Six’ schemes will be implemented.  Addressing the media at the YSRCP office on Friday (February 28, 2025), Mr. Rajendranath Reddy said that there was no matching of figures between what the Finance and Agriculture Ministers on the Annadata Sukhibhava scheme, which shows the ‘yawning gap’. “The figures do not add up to the total outlay of ₹3.22 lakh-crore budget. Given the number of beneficiaries, the amounts allocated for the implementation of the ‘Super Six’ schemes are far less than what is required. The Budget does not mention how to fill the gap. As is the practice of the TDP, the number of beneficiaries will be condensed,” he said, adding, “This shows the …

Budget aims to accelerate growth, boost pvt sector investments, says FM Nirmala Sitharaman | India News

Budget aims to accelerate growth, boost pvt sector investments, says FM Nirmala Sitharaman | India News

Published by Parlour News

Finance Minister Nirmala Sitharaman on Thursday dismissed the Opposition’s claims of the Union Budget favouring only NDA-ruled states as “unfounded”. Replying to the debate on the budget in Rajya Sabha, the minister said the budget came at a time when “external challenges” were severe, talk of globalisation was accompanied by “fragmentation in the world”, and “free market” beliefs accompanied increasing tariff barriers. Garib (poor), youth, annadata (farmers) and naari (women) were four crucial groups taken into consideration while drafting the budget, Sitharaman said. Story continues below this ad She said the government has kept the goals of accelerating growth and encouraging private investment. Sitharaman also countered the Opposition’s charge that the budget focused only on boosting consumption and neglected capital expenditure. Effective capex, said the minister, includes core capital outlays in the budget and grants-in-aid for the creation of capital assets in the states. “So, though grants-in-aid are accounted as revenue expenditure in the books of the Union government, they go to the states to create capital expenditure. So, they are effectively, eventually, only capital …

A Budget That Understands Balance

A Budget That Understands Balance

Published by Webster

The middle class has long been seeking income tax relief. Until now, tax benefits were primarily targeted at the lower segments of the income pyramid, while those in the middle and upper tiers of the middle class remained outside the scope of any significant relief. In fact, their tax burden increased due to changes in the taxation of dividends, capital gains on equity, debt income, and more. Against this backdrop, the Union Budget provides significant relief by revamping the new tax structure, leading to an estimated revenue foregone of ₹1 lakh crore. This stands out as a major highlight of the Budget. Inflation has been persistently high, eroding household purchasing power. This concern has frequently been raised by FMCG companies when engaging with investors. The Budget effectively provides individuals with additional financial space, and the magnitude of tax relief is large enough to stimulate a surge in consumption. Since these tax rates are expected to remain in place for some time, the resulting sustained increase in spending is positive news for consumer goods companies. Working …

Shark Tank’s Anupam Mittal On Budget

Shark Tank’s Anupam Mittal On Budget

Published by Webster

New Delhi: People Group and Shaadi.com founder Anupam Mittal praised the Union Budget’s provision to not tax salaried individuals earning up to Rs 12.75 lakh, calling it a “systemic correction”. The Shark Tank India investor said previous Budgets reduced middle class professionals to a “punching bag”, where individuals were “taxed at every turn, squeezed for every rupee, while the ultra-rich found loopholes and businesses got tax breaks”. In her Union Budget speech on Saturday, Finance Minister Nirmala Sitharaman said no income tax payable up to Rs 12 lakh, i.e., up to Rs 12.75 lakh including standard deductions – under the new regime. Ms Sitharaman said this will “substantially reduce tax burden on middle class and leave more money in their hands”. It will also boost household consumption, savings, and investment, she said. Echoing the Union minister’s statement, Mr Mittal said history is witness that thriving middle classes, not over-burdened ones, build strong economies. “You don’t build an economy by making people feel gareeb (poor). You build it by making them wealthier,” he wrote. He cited …

How To Get Private Sector To Invest In Capex? Nirmala Sitharaman Answers

How To Get Private Sector To Invest In Capex? Nirmala Sitharaman Answers

Published by Webster

The centre is creating an ecosystem for domestic and foreign investment, underscored Finance Minister Nirmala Sitharaman, urging the private sector to reciprocate. The Minister added that banks and companies are in good health, suggesting the time is right for private investment. The Economic Survey, a state of the economy report, has stressed that the Union government’s efforts would need to be supplemented with “wholehearted acceptance” of the need for public-private partnerships in infrastructure across the country. A capital expenditure, or capex, is used to set up long-term physical or fixed assets. In 2024-25, the central government kept the capital expenditure outlay at Rs 11.11 lakh crore. It was a 11.11 per cent raise in capex year-on-year. Building infrastructure – physical, digital and social – has been a central focus area for the government in the last five years. This has had various dimensions – increase in public spending on infrastructure, creation of institutions to de-bottleneck approvals and execution and innovative modes of resource mobilisation. “We are creating an ecosystem to increase the role of the …

Budget 2025 Lok Sabha gets Rs 903 crore Rajya Sabha allocated over Rs 400 cr by Centre in union budget sitharaman – India TV

Budget 2025 Lok Sabha gets Rs 903 crore Rajya Sabha allocated over Rs 400 cr by Centre in union budget sitharaman – India TV

Published by Webster

Image Source : PTI (FILE) Budget 2025: Lok Sabha gets Rs 903 crore, Rajya Sabha allocated over Rs 400 cr by Centre. Budget 2025: Lok Sabha has been allocated Rs 903 crore in the Union Budget, more than double the amount given to the Rajya Sabha. A sizeable allocation- Rs 558.81 crore of the total Rs 903 crore- has been assigned to the Lok Sabha Secretariat, which also includes Grants in Aid to Sansad TV. Of the Rs 413 crore allocated to Rajya Sabha, Rs 2.52 crore have been assigned for salaries and allowances of the Chairman and Deputy Chairman in the Rajya Sabha Secretariat. The budget for Rajya Sabha also has a separate allocation of Rs 3 crore for the salaries and allowances of the Leader of the Opposition in Rajya Sabha and his secretariat. The budget has also allocated Rs 98.84 crore for members. For Lok Sabha, Rs 1.56 crore has been allocated for salaries and allowances of the Speaker and Deputy Speaker, and there is no separate provision for the office of the …

‘Declare Kerala Backward If You Want Funds’: Row Over Minister’s Remark

‘Declare Kerala Backward If You Want Funds’: Row Over Minister’s Remark

Published by Webster

New Delhi: Amid the Opposition’s charge that Budget 2025 had ignored Kerala, Union Minister George Kurian has said the southern state must declare that it is backward if it wants more funds from the Centre. The remark has intensified the row and the ruling Left has said the minister’s statement reflects the Centre’s “anti-Kerala” stand. Shortly after Finance Minister Nirmala Sitharaman delivered the Budget speech in Lok Sabha, Kerala Chief Minister Pinarayi Vijayan said it was a disappointing budget for the state. He said the Centre had ignored their request for funds to rebuild Wayanad, where landslides in July claimed more than 400 lives. The Budget also ignored the Vizhinjam Port in Kerala. “We had requested a special package for Rs 24,000 crore besides a special Wayanad landslide package. Considering the national importance of the Vizhinjam Port, we had requested support for it too. But none of these have been considered,” he said. “Kerala is being penalised for its gains in the education and other sectors. It is said that our state does not need …

PM Modi wanted to do something on tax relief, says Nirmala Sitharaman – India TV

PM Modi wanted to do something on tax relief, says Nirmala Sitharaman – India TV

Published by Webster

Image Source : PTI Finance Minister Nirmala Sitharaman. Union Finance Minister Nirmala Sitharaman on Sunday, spoke on the Budget 2025-2026 and said that Prime Minister Narendra Modi was very clear he wanted to do something on tax relief. Her remark comes a day after the Budget for the fiscal year was tabled which announced “zero income tax” on income up to Rs 12 lakhs.  In an exclusive interview with news agency PTI, Sitharaman said, “The voice which came wherever I travelled was ‘we are proud taxpayers, we are honest taxpayers, we want to be continuing to serve the country by being good taxpayers. But would you think about the kind of things you can do for us.’ And so, I had this discussion with the honourable PM, who put me on this specific assignment to ‘see what you can come up with’.”  https://x.com/PTI_News/status/1885977496564187280 She said that what followed was a strategy towards that step and under the Prime Minister’s guidance the step was taken.  “There are a couple of things, which have been in the …

PM Plays Up Budget Tax Breather At Delhi Poll Rally

PM Plays Up Budget Tax Breather At Delhi Poll Rally

Published by Webster

New Delhi: As campaigning for the February 5 election in Delhi enters its last leg, Prime Minister Narendra Modi today pointed to Budget 2025 and played up the proposals for Bihar and the income tax relief to the middle class. Addressing a rally in south Delhi’s RK Puram, the Prime Minister said this Budget was the people’s Budget and represents the hopes and aspirations of the middle class. “The country is growing economically. In earlier times, corruption would have eaten up the people and your hard-earned money would have been taken away. BJP’s honest governance has worked for the welfare of every section – be it the poor, the middle class, people in rural areas, or urban voters.” “The entire middle class is saying this budget is a middle-class-friendly Budget. Every family is happy and hopeful. During Nehru’s time, if you were earning Rs 12 lakh, you would have to pay 1/4th of your salary as tax. If this were Indira Gandhi’s time, you would have to pay Rs 10 lakh tax on Rs 12 …