'Spend, but create assets, spend but make sure that people benefit from it.' 'This has been a beautiful guiding principle. And I think as a finance minister I owe so much to the prime minister for keeping this path clear before us.'
'If our Budget allows, we may implement both measures -- making income up to Rs 10 lakh tax-free and introducing a 25 per cent slab for income between Rs 15 lakh and Rs 20 lakh.'
'...how do they consume and contribute to the GDP?'
Abul Kalam Azad chose not to contest Congress Presidency and to throw his weight behind Nehru, instead of Patel, a decision he would come to regret. Patel would have seen his plan through, while Nehru, in Azad's opinion 'gave Jinnah the opportunity to sabotage' it, notes Aakar Patel.
The government on Monday invited applications for the post of chairman of the Securities and Exchange Board of India (Sebi). The current SEBI chairperson Madhavi Puri Buch's three-year term ends on February 28. Buch assumed charge at the helm of Sebi on March 2, 2022.
Finance Minister Nirmala Sitharaman on February 1 will present a record eighth consecutive budget that is expected to contain measures to shore up weakening economic growth and ease the burden on the middle class struggling with high prices and stagnant wage growth while being fiscally prudent.
Paraphrasing Abraham Lincoln, Finance Minister Nirmala Sitharaman on Sunday described the Union Budget as "by the people, for the people, of the people", and said Prime Minister Narendra Modi was fully behind the idea to cut taxes for the middle class but it took time to convince the bureaucrats. "We have heard the voice of the middle class" who had been complaining about their aspirations not being met despite being honest taxpayers, she told PTI in an interview.
10 largecaps stocks which stand to gain from the Budget.
'I've had a 10-and-a-half year journey behind the camera and people don't know who I am.'
'... that it once again shies away from renewing its commitment to strategic divestment,' points out A K Bhattacharya.
The last time these two indexes recorded a negative performance on a calendar year basis was in CY19.
'If it doesn't, it will continue with measures to infuse liquidity, signalling a new cycle,' predicts Tamal Bandyopadhyay.
Shares of Bajaj Finance surged over 6 per cent on Thursday after the diversified non-banking finance company reported an 18 per cent increase in consolidated net profit to Rs 4,308 crore for the December quarter. The stock rallied 6.33 per cent intraday to touch Rs 8,249.95 - a 52-week high -- on the BSE.
'I am optimistic about the Budget because of the fiscal discipline the government has committed to.'
While this will incur a revenue loss amounting to 0.2 per cent of GDP, it will provide a strong boost to consumer sentiment and spending, points out Rajani Sinha.
India's opposition parties have sharply criticized the Union Budget, calling it inadequate to address the country's economic woes and accusing the BJP-led government of using it to woo voters in Bihar and Delhi ahead of upcoming elections. Leaders from the Congress, TMC, DMK, SP, and CPI(M) voiced their disapproval, highlighting concerns over inflation, unemployment, and the lack of substantial measures to support the agricultural sector and the poor. They also criticized the tax cuts for the middle class as insufficient and coming too late after years of high taxes and rising prices.
'Consider 40% to 50% in equities, 10% in gold as a hedge, and the remaining 30% to 40% split between multi-asset funds and hybrid funds.'
'Earlier, our cost of funds was higher than most in the peer group.'
If it was Andhra Pradesh last Budget, it's poll-bound Bihar that has now turned to Centre with a list of demands. How the NDA government is delivering on promises.
'Till the BJP does not understand Kejriwal they cannot win Delhi.'
Travel is about making memories, experiencing the unknown, and engaging in new experiences -- not worrying about fluctuating exchange rates or hidden expenditures. With a little planning and a proactive approach to handling your foreign exchange, you can reduce financial stress and enjoy your trip, suggests Pavan Kavad.
This will be the first full-year Budget of the BJP-led National Democratic Alliance government since it came to power for a third consecutive term in July last year.
The time is ideal for a 'Dream Budget' akin to the 1991 reforms that sparked high growth and unlocked significant gains in productivity, points out Rajeswari Sengupta.
'But when we actually express ourselves, sometimes our parents can surprise us, because they just love their children.' 'Sometimes it's just that simple. That is what I wanted to show in this film.'
A heated political battle erupted Tuesday over Arvind Kejriwal's claim of the Haryana government 'poisoning' the Yamuna water, with the Bharatiya Janata Party saying he cannot be forgiven for his 'dangerous statement', while the Aam Aadmi Party chief asserted he won't let the people of Delhi die due to the dirty, poisonous water.
'The first and most basic responsibility of any government is to protect its people from external threats and internal harm.' 'Budget 2025-2026 has to focus on meeting this responsibility,' asserts R Jagannathan.
From the Sensex pack, UltraTech Cement, Mahindra & Mahindra, Sun Pharmaceutical, Zomato, Tech Mahindra, Tata Steel, Tata Motors, Titan, ITC and Bajaj Finance were the major gainers. In contrast, Kotak Mahindra Bank, HCL Technologies, PowerGrid, Reliance Industries, State Bank of India, Hindustan Unilever, IndusInd Bank, Nestle India and Axis Bank were among the laggards.
Finance Minister Nirmala Sitharaman on Friday participated in a traditional 'halwa' ceremony, marking the final stage for the preparation of Union Budget 2025-26 to be unveiled on February 1 in the Lok Sabha. The ceremony is a customary ritual in which traditional dessert 'halwa' is prepared and served to officials and staff members of the finance ministry who are involved in the preparation of the Budget.
A man suspected to have contracted Guillain-Barre syndrome (GBS) has died in Maharashtra's Solapur district, while the number of cases of the immunological nerve disorder in Pune rose to 110, health officials said on Monday.
The finance minister, in her Budget speech, should focus more on what she is directly responsible for, rather than on programmes where her role is largely supportive, notes Nitin Desai.
Among Sensex shares, Infosys, Tata Consultancy Services, Tech Mahindra, Sun Pharmaceutical, Bajaj Finserv, HCL Technologies, Bajaj Finance, HDFC Bank, IndusInd Bank and Kotak Mahindra Bank were among the gainers. Tata Motors, PowerGrid, Axis Bank, State Bank of India, NTPC, Tata Steel and Adani Ports were the major laggards.
The eighth Budget of Finance Minister Nirmala Sitharaman continued to focus on 'GYAN' (Garib, Youth, Annadata, Nari) to maintain a consistent and coherent strategy initiated over the years in pursuing the government's vision for Viksit Bharat. The approach, characterised by incremental yet impactful steps, aims to create a compounding effect over time.
Do we have enough trained oncologists and medical professionals in India to man these over 4,500 beds in the public sector?
The founder of FIITJEE and 11 others have been booked after several of the coaching institute's centres in Delhi-NCR abruptly shut down, leaving students and parents in the lurch. FIITJEE has blamed the closures on "mismanagement and desertion" by managing partners, while students and parents allege non-payment of salaries and fraudulent practices. The institute claims it is pursuing legal action against competitors for alleged poaching of its faculty.
Dr Manmohan Singh first embossed himself on the national consciousness when as India's finance minister he flagged off economic reforms which changed this nation forever.
The government in FY26 Budget should announce an "effective" personal income tax cut to support consumption and demand, Barclays said on Thursday. In its FY25-26 Union Budget preview, Barclays said the key ask from the Budget, to be presented on February 1, is to support growth while adhering to fiscal consolidation path.
Among Sensex shares, Zomato, NTPC, Adani Ports, ICICI Bank, State Bank of India, Reliance Industries, Mahindra & Mahindra, Bajaj Finance, Tech Mahindra and Axis Bank were the major laggards. UltraTech Cement and HCL Technologies were the only gainers.
Former UK Prime Minister Rishi Sunak has taken on new academic roles at the University of Oxford and Stanford University, both alma maters of the Conservative Party member of Parliament. Sunak will join Oxford's Blavatnik School of Government as a member of the World Leaders Circle and a Distinguished Fellow, while at Stanford, he will be the William C Edwards Distinguished Visiting Fellow at the Hoover Institution. Sunak expressed his enthusiasm for contributing to both institutions, highlighting their leading research in global challenges, economic policy, and technological advancements. He emphasized the significance of his education at both universities in shaping his life and career. The appointments have been welcomed by both institutions, with leaders praising Sunak's expertise and experience in global affairs and economic policy.
'Your relationship with your child is changing every single day, ditto your relationship with your parents.'
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