Hindustan Times Lucknow - February 02, 2025
Hindustan Times Lucknow - February 02, 2025
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In this issue
February 02, 2025
Paying overseas college fee easier, but little else changes
When Veena Mathew sent her 23-year-old son to pursue computer science in London last year, she didn't just take on a ₹50 lakh education loan - she also had to navigate India's complex tax collection system on foreign remittances.
2 mins
Revamped central KYC registry to simplify investor onboarding
India's financial sector is poised for a significant transformation as the government announces plans to overhaul its know-your-customer (KYC) system, moving towards a centralised framework.
1 min
Now, you get 4 years to file updated ITR
In case taxpayers forgot to report some income while filing returns anytime in the past four fiscal years, Budget 2025 has good news for them. The timeline to file an updated income tax return has been increased to four years from two years starting April 2025.
3 mins
Thresholds on TDS, TCS relaxed in major reprieve for salaried class, senior citizens
The Union Budget for FY26 has raised thresholds for tax deducted at source (TDS) across various income sources.
3 mins
Curbs on 2 self-occupied homes lifted in key tweak
The Union Budget 2025-26, unveiled by finance minister Nirmala Sitharaman on Saturday, has proposed to lift restrictions on claiming two properties as self-occupied (SOP), streamlining the process for taxpayers.
1 min
Financial regulations pave way for responsive policies
SET UP IN 2010, THE FSDC HAS WORKED TO STREAMLINE AND STABILISE THE FINANCIAL SECTOR THROUGH INTER-REGULATORY COORDINATION
2 mins
3 Ministries Join Hands With Focus On Exports: Goyal
The commerce, MSME and finance ministries will work together to identify various sectors — which will require maximum capital support for technology upgradation, marketing, brand building, and accessing newer markets — to boost exports, Union Minister Piyush Goyal said on Saturday.
1 min
Relief on lifesaving medicines will ease patients' burden
THE GOVT'S MOVE TO SET UP DAY-CARE CENTRES WILL ALSO HELP IN HANDLING THE INCREASING LOAD OF CANCER CASES, SAY EXPERTS
2 mins
Will Invest in People, Economy, Innovation
Minister announces setting up multiple schemes to boost innovation through PPP models and key industry reforms
3 mins
Gig economy set to be formalised
Hyperlocal service platforms have revolutionised the job landscape in the transportation, food delivery, and home services industries by creating flexible employment.
3 mins
In AI stimulus, govt allots ₹500 crore for Centre of Excellence in education
The central government will set up a centre of excellence (CoE) in Artificial Intelligence (AI) for education with an outlay of ₹500 crore, Union finance minister Nirmala Sitharaman announced in her budget speech on Saturday, outlining a major push for future technologies.
2 mins
Fund of Funds expected to benefit over 161K startups
We believe the increased financial support from govt alongside efforts to reduce capital constraints will further accelerate growth of startups. ARCHANA JAHAGIRDAR, founder of Rukam Capital
2 mins
100% FDI fillip for insurance, but firms must invest in India
Union finance minister Nirmala Sitharaman on Saturday announced the government's plan to allow 100% foreign direct investment (FDI) in the insurance sector, up from the current 74%, on the condition that foreign firms would invest the entire premium collected in India, a move that experts said would make additional funds available to Indian infrastructure projects.
1 min
New 5-year target set to cut Centre's debt to 50% of GDP
Union Budget has sought to signify the govt's commitment to fiscal prudence and infra creation
3 mins
Focus on creating jobs, skill training
The Narendra Modi government on Saturday substantially increased its fund allocations for skill trainings and livelihood programmes in the Union Budget 2025-26 as part of its ambitious target of having 100% skilled labour with meaningful employment in the country.
2 mins
Defence Spending Hiked Amid Push for Modernisation
India on Saturday set aside more than ₹6.81 lakh crore for defence spending in the Union Budget for 2025-26, including ₹1.8 lakh crore for the modernisation of the military at a time when its shopping list encompasses fighter jets, helicopters, warships, submarines, tanks, artillery guns, drones, and rockets and missiles.
1 min
Bhutan gets lion's share in external aid allocation
India's close partner Bhutan once again garnered the largest share of the government's external aid portfolio, with an outlay of ₹2,150 crore in the 2025-26 Budget, which also retained ₹100 crore to develop Iran's Chabahar port.
2 mins
Agriculture Budget Is Big On Strategic Vision
The chief economic adviser termed agriculture \"the sector of the future\" at the release of the Economic Survey 2024-25.
3 mins
Riding on optimism, promising the riches
Optimism seems to be the key sentiment driving the FY26 Union Budget.
3 mins
A High-Class Budget for Middle-Class India
In a giant leap of faith, the finance minister has put over ₹1 lakh crore in the pockets of income tax paying Indians, betting on better compliance and more scrutiny for higher future revenues, and higher consumption and savings for growth
3 mins
Six smart themes that define Budget 2025-26
The finance minister's eighth budget has an internal consistency, which should help the government pursue and deliver on the targets in its focus areas
4 mins
Global Diplomats Laud Mahakumbh as Reflection of India's Rich Heritage
A 73-member delegation of diplomats and foreign guests arrived in Prayagraj for Mahakumbh 2025 on Saturday.
2 mins
Two killed as car falls into pond in Lucknow
Two men were found dead in a car that had plunged into a pond near a turn on the Naubasta-Takrohi road on Saturday.
1 min
Experts Share Insights on Women Empowerment Through Education
Thought leaders, educators, and activists dedicated to gender equality and social change came together for a panel discussion on the \"Impact of Education on Women Empowerment\" on Saturday.
1 min
Shyam Benegal attempted highlighting plight of women, oppressed, marginalised
Shyam Benegal brought out the voices of underprivileged and marginalised communities, women and prostitutes through his movies, said actor and writer Atul Tewari on Saturday.
1 min
Focus on all 4 key engines of growth, says India Inc
Several industry bodies in the state felt that the Union government has made a strong effort, in Union Budget 2025, to address the immediate challenges being faced by the economy.
2 mins
Old Houses Return To Life In Walk Down Memory Lane
The incidents and anecdotes in the silent and narrow bylanes of Raja Bazar in the Old City from eons ago, returned to life during a walk organised as part of the five-day Sanatkada Lucknow Festival, on Saturday.
1 min
24 Pvt Medical Colleges Face Show-Cause Notices Over Lapses
At least two dozen private medical colleges in the state will be served show-cause notices by the directorate of medical education and training for failing to meet required faculty and infrastructure standards.
1 min
No Indian users affected by spyware from Israeli firm
A day after Meta said that Israeli spyware company Paragon Solutions had targeted nearly 100 WhatsApp users, including journalists and members of civil society, with its sophisticated spyware called Graphite, a person close to the matter told HT that Indian users were not affected by the said spyware.
1 min
60-Year-Old Suspected GBS Patient Dies in Pune
According to health officials, 149 suspected cases have been reported in the state, of which 124 have been confirmed as GBS
1 min
Dalit Woman Brutally Murdered in Ayodhya Village; Investigation Underway
A 22-year-old woman was brutally murdered in Ayodhya, with her unclothed body found in a canal in a village.
1 min
M.P. Will Adopt Japan's Model of Development, Says CM Yadav
Madhya Pradesh chief minister Mohan Yadav, who returned after a four-day visit to Japan on Saturday, said the Hindi heartland state will adopt the Japanese model of development, especially in terms of smart transportation system and logistics.
1 min
Shah cites tax relief to woo Delhi's voters
Union home minister Amit Shah on Saturday welcomed the tax rebates announced by finance minister Nirmala Sitharaman in the Union Budget 2025-26, and said the Narendra Modi-led Bharatiya Janata Party (BJP) government at the Centre has brought a much-needed relief to the middle-class.
2 mins
Air ambulance crashes in US city, 7 killed
A medical transport jet transporting a child who had just completed treatment for a life-threatening condition, her mother and four crew members crashed into a Philadelphia neighborhood shortly after takeoff on Friday evening, exploding in a fireball that engulfed several homes.
2 mins
Pak: 23 Terrorists, 18 Soldiers Killed in Balochistan
The Baloch Liberation Army separatist group claimed responsibility for the attack on Saturday
1 min
Goswami, Juyal Keep UP's Hopes Alive for First Innings Lead
Before hitting his career-best 198 against Bihar last month in a Ranji Trophy game, Delhi's Abhishek Goswami didn't have anything to remember as in his first first-class match this season against Karnataka at Lucknow in November, he had just five and three in his name in two innings.
2 mins
Wushu exponents excel with 7 medals at National Games
The wushu exponents of Uttar Pradesh continued to hog the limelight at the 38th National Games in Uttarakhand even on Saturday, winning four gold medals in different categories.
1 min
Udit Narayan Jha On Backlash For Kissing Fans
After a video showing him kissing a fan on the lips sparked outrage online, the singer says this is how fans show love.
1 min
Hindustan Times Lucknow Newspaper Description:
Publisher: HT Digital Streams Ltd.
Category: Newspaper
Language: English
Frequency: Daily
Hindustan Times is the flagship publication of HT Media Ltd. It has a nationwide reach in India (barring Southern India), with simultaneous editions from New Delhi, Mumbai, Lucknow, Patna and Kolkata, providing general, economic and business news.
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