New Delhi, Feb 1 (IANS) New Delhi Municipal Council (NDMC) Vice Chairperson Kuljeet Singh Chahal on Sunday lauded the 13th Union Budget 2026 as progressive and inclusive, and hoped it would help transform New Delhi into a world-class city. Chahal said that under Prime Minister Narendra Modi’s vision, this Budget will significantly strengthen infrastructure, smart civic services, healthcare facilities, cleanliness initiatives, green development, and employment generation in the NDMC area, furth…
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Lucknow, Feb 1 (IANS) Uttar Pradesh Chief Minister Yogi Adityanath hailed the Union Budget 2026-27 as the one with a “clear roadmap for a new and developed India” and also congratulated the Finance Minister for presenting the first Budget, prepared at the recently built Kartyava Bhavan. “The new budget has been presented to the nation with a clear roadmap for a New and Developed India in the world’s largest democracy. I express my gratitude to Prime Minister Narendra Modi for his guidance …
Patna, Feb 1 (IANS) Reacting to the Union Budget presented by Finance Minister Nirmala Sitharaman on Sunday, Bihar Deputy Chief Minister Samrat Choudhary praised Prime Minister Narendra Modi and the Finance Minister, calling the Budget a “decisive step toward the resolution of a developed India (‘Viksit Bharat’)”. While sharing a post on social media platform X, Deputy Chief Minister Choudhary said that he listened to the live broadcast of the Budget along with senior Bharatiya Janata Party lead…
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday proposed a set of direct tax proposals aiming at rationalising penalty and prosecution, to integrate assessment and penalty proceedings by way of a common order for both to avoid multiplicity of proceedings.Non-production of books of account and documents, and the requirement of TDS payment, where payment is made in kind, are being decriminalised.”Further, minor offences will attract a fine only. The remaining prosecutions wil…
New Delhi, Jan 25 (IANS) India’s combined tax-to-GDP ratio has reached 19.6 per cent, placing the country at par with several major global economies and highlighting steady progress in tax collection efficiency, according to a report by Bank of Baroda. The ratio includes both central and state tax collections and is higher than that of several emerging markets such as Hong Kong, Malaysia and Indonesia.The report noted that while India’s central gross tax revenue stands lower at 11.7 per cent…
New Delhi, Jan 7 (IANS) Business chamber PHDCCI has, as part of its wishlist for Union Budget 2026–27, sought easier access to finance at lower interest rates and a reduction in the regulatory burden, to cut costs for the MSME sector, which is driving growth and employment generation in the economy.Micro, Medium and Small Enterprises (MSMEs) hold the key to catapulting India’s economy to a 10 per cent growth path, according to a statement issued by the PHD Chamber of Commerce and Industry (P…
New Delhi, Dec 30 (IANS) The economic reforms undertaken by the government in 2025 reflect a clear shift towards outcome-based governance, reducing friction for citizens and businesses, enhancing transparency and efficiency and laying the foundation for sustained, inclusive economic growth.By simplifying taxation, modernising labour laws, strengthening MSMEs, boosting rural employment and advancing digital payments, these measures collectively foster trust, resilience and global competitiveness …