On February 1, 2025, Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year 2025-26 in Parliament. This marks the eighth budget by Sitharaman, making her the first finance minister in Indiaâs history to present so many budgets. It is also the first budget of Prime Minister Narendra Modiâs third term. Sitharaman emphasised...
Tag: Indian government
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Budget 2025: Key Announcements Impacting Real Estate
Key takeaways for the real estate sector include: ⢠Income tax relief for the middle class: The finance minister announced zero income tax for individuals earning up to Rs 12 lakh annually, providing a major consumption boost. This move is also expected to strengthen demand for affordable housing. Additionally, the new income tax bill will...
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Rs 1 trn Urban Challenge Fund to Boost Infrastructure
Finance Minister Nirmala Sitharaman announced that the Indian government will establish a Rs 1 trillion Urban Challenge Fund to enhance urban infrastructure. The fund aims to support cities as centres of economic growth by financing up to 25 per cent of bankable projects, with a focus on creative city redevelopment, water, and sanitation initiatives. The...
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Indian Railways to buy 100,000 more wagons in next 3 years
Consolidated freight demand to increase significantly
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Govt approves six projects under Sagarmala scheme in Andhra Pradesh
: The projects are worth Rs 85.83 crore under Sagarmala
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India inks $300 mn pact with ADB to boost rural economy in Maharashtra.
Asian Development Bank (ADB) and the Indian government have entered a $300 million loan to help expand rural connectivity and boost the rural economy in Maharashtra.Additional funding for the Maharashtra Rural Connectivity Improvement Project will help improve 1,100 rural roads and 230 bridges in 34 districts, totalling 2,900 km.
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GovernmentĂ´s non-tax kitty may touch 5-year high
The telecom sectorĂ´s contribution towards non-tax revenues of the Indian government in the current fiscal is likely to be the highest in the past five years due to the mega spectrum auction, which is likely to take place in September this year, ICRA said.
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The Smart Cities programme is brimming with potential for smart water solutions
Urban settlementsĂ´ access to a reliable water supply is improving, as is the quality of the water supplied. However, there is still a great deal more to do. The World Bank estimates that 21 per cent of communicable diseases in India are related to unsafe water.
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Transmission is levelling the playing field
One has to look back a few years for proper perspective. Once power generation was de-licensed after The Electricity Act 2003, there was a boom in the sector. People started coming into power generation in a big way, both coal-based and coastal.
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Infra funds tracker as on April 30, 2015
With the aim of maintaining its thrust on the infrastructure sector, the Indian government recently announced it would spend close to Rs 20,000 cr in building roads in the North-Eastern states in the current financial year 2015-16.
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