Prime Minister Narendra Modi hailed the Union Budget 2025 as a “people’s budget,” emphasizing its role in boosting savings, investment, and economic growth. Presented by Finance Minister Nirmala Sitharaman, the budget lays the groundwork for ‘Viksit Bharat’—a vision for a developed India. With tax relief, incentives for industry, and significant allocations for urban infrastructure and housing, the budget seeks to provide multi-faceted economic support. PM Modi highlighted the tax exemption for individuals earning up to Rs 12 lakh (Rs 12.75 lakh with standard deduction) and revised tax slabs as key…
Day: February 1, 2025
Budget 2025: Price Changes and Key Announcements
Budget 2025: Price Changes and Key Announcements Union Finance Minister Nirmala Sitharaman has cemented her legacy as India’s longest-serving finance minister by presenting her eighth consecutive Union Budget. Over the years, she has played a pivotal role in shaping India’s economic policies, focusing on tax reforms, infrastructural development, and financial inclusion. In the 2025 Budget, she once again brought significant changes aimed at benefiting the middle class, boosting key industries, and promoting economic growth. A key highlight of the budget is the significant relief for taxpayers—individuals earning up to Rs…
India’s New Tax Slabs: Relief for Middle Class, Push for Economic Growth
Finance Minister Nirmala Sitharaman unveiled the Modi 3.0 government’s first full-year budget in Parliament, bringing a significant shift in India’s tax landscape. The highlight? No income tax for individuals earning up to Rs 12 lakh per annum. This landmark reform is expected to bolster disposable income, spur consumption, and enhance voluntary tax compliance. While hailed as a relief for the middle class, the budget also aims to push India’s self-reliance in agriculture, particularly in pulse production. However, the opposition remains critical, questioning the broader economic impact. A Simpler and Fairer…
Headline: Union Budget 2025: Startup Ecosystem Reacts to the ₹10,000 Crore Fund of Funds
Finance Minister Nirmala Sitharaman, in her record eighth Budget presentation on February 1, 2025, unveiled the Union Budget 2025, introducing an additional ₹10,000 crore to the Fund of Funds for Startups. This move aims to strengthen India’s startup ecosystem, foster entrepreneurship, and drive economic growth. Here’s how key voices from the startup community reacted to the announcement: Dr. Jaijit Bhattacharya ,President, Centre for Digital Economy Policy Research The union budget 2025-26 carries forward the push towards Ease of Doing Business, while promoting Agriculture, MSME, Healthcare. There is no one large…
Nvidia Caught in the Crossfire of the US-China Tech War
The escalating US-China tech war has drawn Nvidia into the geopolitical battlefield. Once a dominant force in China’s AI chip market, the US chip giant now faces an antitrust investigation by China’s State Administration for Market Regulation (SAMR). This move follows the US crackdown on TikTok, signaling heightened tensions between the two economic superpowers. It’s time to FaceOff the US-China Tech Relations. On December 9, 2023, China launched an antitrust probe into Nvidia, citing concerns over its 2019 acquisition of Israeli chipmaker Mellanox for $6.9 billion. At the time, China conditionally approved the deal, requiring Nvidia to ensure fair competition and non-discriminatory practices. However,…
Govt May Require Private Companies to Report Job Vacancies
The Central Government is considering making it mandatory for private companies to notify job vacancies, marking a significant shift in employment regulations. Plans are underway to replace the Employment Exchanges (Compulsory Notification of Vacancies) Act, 1959, with the Social Securities Act, significantly increasing non-compliance penalties from ₹100 to ₹50,000. State Minister for Skill Education, Employment, and Entrepreneurship, Mangal Prabhat Lodha, highlighted the need to revive employment exchanges, which have become largely inactive. He stated that minimal penalties (₹100-₹500) discouraged companies from reporting vacancies, a practice the revised law seeks to…
“IND vs ENG 4th T20I Highlights: India Defeat England by 15 Runs, Seal Series 3-1”
India defeated England in the fourth T20I by 15 runs after scripting comebacks in the latter half of both innings. Shivam Dube and Hardik Pandya took India to 181 after they were in trouble. The bowlers helped them make another comeback to win the match and take a 3-1 series lead. IND vs ENG 4th T20I Highlights: India beat England by 15 runs, take unassailable 3-1 series lead Pune’s Maharashtra Cricket Association Stadium will host the fourth T20I match between India and England. After India secured back-to-back wins in Kolkata…
“Cricket Concussion Rules Explained: How Harshit Rana Replaced Shivam Dube”
Harshit Rana came in on as a concussion substitute for Shivam Dube, who got hit on the helmet in the last over of the first innings. However, with Harshit being a bowling all-rounder and Shivam being a batting all-rounder, debates of like-for-like replacement sparked. Check the rules here. In a controversial moment in the India vs England 4th T20I in Pune, Harshit Rana came in on as a substitute player replacement for Shivam Dube in the second innings of the clash. Harshit came to bowl in the 12th over after…
“Budget 2025: President Murmu Offers ‘Dahi-Cheeni’ to Nirmala Sitharaman for Good Luck”
Budget 2025: Union Finance Minister Nirmala Sitharaman is all set to present the Union Budget 2025 in the Parliament today. Budget 2025: Union Finance Minister Nirmala Sitharaman met President Droupadi Murmu ahead of presenting the Union Budget 2025 in Parliament. As part of the customary gesture, President Murmu offered Sitharaman ‘dahi-cheeni’ (curd and sugar), symbolising good luck and blessings for a successful budget presentation. The Finance Minister was also seen discussing the contours of the Budget proposals with the President. She will now leave for the Cabinet meeting where the…
“Budget 2025 Live Streaming: When & Where to Watch Nirmala Sitharaman’s Budget Speech”
Union Finance Minister Nirmala Sitharaman is all set to present the Union Budget 2025 in the Parliament today. She will present and read out the Budget through a tab, instead of the traditional ‘bahi khata’. Union Finance Minister Nirmala Sitharaman is all set to present the Union Budget 2025 in the Parliament today. She will present and read out the Budget through a tab, instead of the traditional ‘bahi khata’. This is going to be Sitharaman’s eighth consecutive Budget. This will take Sitharaman closer to the record of 10 budgets…