Budget News​

Budget 2025: Kisan Credit Card Loan Limit Raised to ₹5 Lakh to Support Farmers

Budget 2025: Kisan Credit Card Loan Limit Raised to ₹5 Lakh to Support Farmers

/ Budget News​ /

Finance Minister Nirmala Sitharaman has announced an increase in the Kisan Credit Card (KCC) loan limit from ₹3 lakh to ₹5 lakh, aiming to provide better financial access to 7.7 crore farmers, fishers, and dairy producers. The 1998-launched KCC scheme grants short-term farm loans at about 4% interest, and farmers can access cheap credit and […]

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Budget 2025: Government to Launch Bharat Trade Net for International Trade

Budget 2025: Government to Launch Bharat Trade Net for International Trade

/ Budget News​ /

Union Finance Minister Nirmala Sitharaman has announced the launch of Bharat Trade Net (BTN), a digital public infrastructure (DPI) aimed at streamlining trade documentation and financing for international trade. The new platform will harmonise with India’s single platform for logistics and align with international trading conventions, and will make cross-border payments efficient and transparent. The

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Union Budget 2025: FDI Limit in Insurance Sector Increased to 100%

Union Budget 2025: FDI Limit in Insurance Sector Increased to 100%

/ Budget News​ /

Finance Minister Nirmala Sitharaman has announced a major reform in the insurance sector by raising the foreign direct investment (FDI) limit from 74% to 100%. The enhanced FDI cap will apply to insurers that invest the entire premium collected within India. This move is aimed at attracting more foreign capital, boosting competition, and enhancing financial

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Union Budget 2025: Sidbi Fund of Funds Expanded to Rs 20,000 Crore to Boost Startup Financing

Union Budget 2025: Sidbi Fund of Funds Expanded to Rs 20,000 Crore to Boost Startup Financing

/ Budget News​ /

Finance Minister Nirmala Sitharaman has announced an expansion of the Small Industries Development Bank of India (Sidbi) Fund of Funds for Startups (FFS), with an additional allocation of Rs 10,000 crore. This increases the scheme’s total outlay to Rs 20,000 crore. The FFS, started in 2016 under Startup India, doesn’t make investments in startups but

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Union Budget Highlights

Incentives for IFSC Announced in 2024 Budget

/ Budget News​ /

Finance Minister Nirmala Sitharaman announced several incentives for the International Financial Services Centre (IFSC) in the 2024 budget to enhance its competitiveness and attractiveness. Retail schemes and Exchange Traded Funds (ETFs) in IFSC will enjoy tax exemptions similar to those available to specified funds. Certain income of the Core Settlement Guarantee Fund set up in

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Union Budget Highlights

New Tax Rules for Share Buybacks and STT on F&O Announced

/ Budget News​ /

The 2024 budget introduced significant changes to the taxation of share buybacks and securities transaction tax (STT) on futures and options (F&O) transactions. Income from the buyback of shares by companies will now be chargeable in the hands of the recipient investor as a dividend, replacing the current regime where additional income tax is levied

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Union Budget Highlights

Budget Estimates for 2024-25 Announced

/ Budget News​ /

Finance Minister Nirmala Sitharaman presented the budget estimates for the fiscal year 2024-25, detailing the government’s financial plans and projections. The total receipts for FY25 are estimated at ₹32.07 lakh crore, while total expenditure is projected to be ₹48.21 lakh crore. Net tax receipts are expected to reach ₹25.83 lakh crore. Gross market borrowings are

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Union Budget Highlights

New Support Measures for MSMEs Announced in 2024 Budget

/ Budget News​ /

Finance Minister Nirmala Sitharaman unveiled several measures aimed at supporting Micro, Small, and Medium Enterprises (MSMEs) in the 2024 budget. These initiatives are designed to provide financial relief and enhance market access for small businesses and traditional artisans. A new mechanism will facilitate the continuation of bank credit to MSMEs during periods of financial stress,

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Union Budget Highlights

Budget 2024 Key Highlights: Custom Duties Reduced in 2024 Budget

/ Budget News​ /

Finance Minister Nirmala Sitharaman announced significant cuts in customs duties in the 2024 budget, aimed at boosting manufacturing and reducing costs for key industries. The customs duties on gold and silver have been reduced to 6%, while the duty on platinum has been cut to 6.4%. In a move to support the tech and renewable

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Union Budget Highlights

Budget 2024 Key Highlights: Revised Tax Rate Structure Announced in 2024 Budget

/ Budget News​ /

Finance Minister Nirmala Sitharaman announced a revision to the tax rate structure under the new income tax regime in the 2024 budget. The changes are expected to result in significant savings for taxpayers, with an estimated ₹17,500 reduction in income tax for eligible individuals. The new tax slabs are as follows: “This revised tax structure

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