India offers middle-class tax relief to support growth

India offers middle-class tax relief to support growth; targets narrower budget gap
India plans to cut personal income tax rates to boost middle-class spending power, Finance Minister Nirmala Sitharaman said on Saturday, as she announced an annual budget that also sought to increase private investment to strengthen growth.
Union Budget 2025: Big income tax relief, push to Make in India and other highlights
Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in Parliament on Saturday. She announced no income tax on income up to Rs 12 lakh and introduced initiatives to boost MSMEs, startups,
Decode Politics: Big sops for middle class in Budget, but who makes up India’s middle class
Budget, FM Sitharaman declares that no income tax would be payable up to annual income of Rs 12 lakh, announcing that the govt would thus forgo Rs 1 lakh crore in direct tax revenues
India aims to boost middle-class to support growth; targets narrower budget gap
India will focus on boosting middle-class spending power, encouraging inclusive development and boosting private investment to strengthen growth, Finance Minister Nirmala Sitharaman said on Saturday,
Takeaways from India's budget that slashes income tax on the salaried middle class to spur growth
NEW DELHI — (AP) — Indian Prime Minister Narendra Modi’s government presented an annual budget to Parliament on Saturday that focused on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and ...
India's Modi to Seek to Boost Growth, Ease Cost of Living in Budget
Indian Prime Minister Narendra Modi faces the challenges of reviving growth and giving relief to a middle class hit by rising living costs, while also preparing for an uncertain year of global trade,
India cuts income tax in a bid to boost consumption
India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, which is projected to grow at its slowest pace in four years. Currently, under the new system introduced in 2020,
INDIA BUDGET-India's tax cut plans will boost consumption, top execs say
India's plans to cut personal income tax rates will put more disposable income in the hands of the people and eventually ...
India Budget Presentation
India’s GDP is projected to expand 6.3%-6.8% in FY26, according to the Economic Survey, much below the level needed to become ...
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Budget 2025 | India’s space race gets a financial boost with ₹13,416 crore allocation
During the interim Budget in 2024, Finance Minister Nirmala Sitharaman not only earmarked the ₹13,042.75 crore allocation but ...
India's benchmarks log modest gains ahead of union budget
Indian shares inched higher in a special session for the union budget on Saturday, with investors watching for ...
Making India Great Again: Budget focuses on domestic manufacturing and consumption to spur economy
Key announcements in the Union Budget seem to be aimed at boosting the consumption and purchasing power of the middle class ...
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Budget 2025: India's gender budget rises 37% to reach ₹4.49 lakh crore
The Gender Budget is divided into three parts. While Part A covers schemes with 100% provision for women, Part B includes ...
India axes import tax on some smartphone parts in boost to Apple, Xiaomi
India has removed import duties on some components key to producing mobile phones, Finance Minister Nirmala Sitharaman ...