Financial Express Kolkata - February 03, 2025
Financial Express Kolkata - February 03, 2025
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In this issue
February 03, 2025
MGNREGA outlay in FY26 based on demand scenario
Reduction in outlay for centrally sponsored schemes by about ₹91,000 crore in the revised estimate for FY25 was due to large unspent balances with states, expenditure secretary Manoj Govil tells Prasanta Sahu.
2 mins
Size of Income Tax Act to reduce by half in new Bill
The government has tried to remove redundancies in the Income Tax Act-2016, under the Bill to be tabled next week.
2 mins
Modi pitches I-T relief to woo Delhi voters
AS CAMPAIGNING FOR elections to the Delhi Assembly entered the last lap, Prime Minister Narendra Modi Sunday highlighted the many \"benefits\" of the Union Budget presented a day earlier, calling it \"the most middle class-friendly Budget in the history of the country\".
1 min
India Might Face US Tariffs Despite Pre-emptive Move
The global trade war triggered by US President Donald Trump might soon involve India too, while this is the last thing New Delhi would want at this juncture, with its economy witnessing a slowdown.
2 mins
Budget measures target 6.8% GDP growth in the next fiscal
The substantial tax relief and other measures meet the expectations of the people and the larger economy's need to support consumption and investment, which can lead to a 6.8% growth next year, economic affairs secretary Ajay Seth tells Prasanta Sahu in an interview. The degree of fiscal consolidation may vary through years, but would stay the course to bring down debt-GDP to around 50% by FY31, he says.
3 mins
Smartphones grab the largest share in incentive schemes
THE SMARTPHONE PRODUCTION-LINKED incentive scheme, the most successful of the 14 PLIs, has topped the allocation at ₹8,885 crore in the Budget 2025-26, significantly higher than allocations for PLI schemes of other ministries.
1 min
Duty cut on certain inputs to boost exports: Govt
The reduction in customs duties in the Budget on certain inputs from sectors like marine, chemicals and critical minerals will help promote domestic manufacturing and enhance exports, according to the commerce ministry.
1 min
PLI Outlay for FY26 at ₹19,500 Crore, Up 76%
The disbursement of incentives under the Production Linked Incentive (PLI) scheme is expected to almost double in the next financial year from the payouts for the current financial year, and the sectors that will lead the pack with maximum share would be electronics, auto, and pharma.
1 min
New tax sops: Selling health, life policies may get tougher
INSURERS COULD FIND it hard to sell life and health insurance policies, as the enhanced benefits under the new income tax regime reduce their appeal, particularly for those investing for tax-saving purposes.
1 min
AI mission to take off with fresh allocation
● No provision made for semiconductor 2.0 scheme
3 mins
Industry expects 10% rise in ad spends in H1FY26
WHILE THERE WERE no direct incentives in the Budget for the advertising and media industry in terms of GST relief or easing the content creation process, the industry is expecting a 10% increase in the overall ad expenditure in the first half of FY26, thanks to the expected surge in discretionary spending.
2 mins
Second SWAMIH Fund may find fewer takers as property sales remain robust
THE SECOND SPECIAL Window for Affordable and Mid-Income Housing (SWAMIH) Fund could find less takers than the first one, given the buoyancy in property sales, say lenders, developers and consultants.
2 mins
Limiting carrying forward of losses a 'double-edged sword'
THE PROPOSAL IN the Budget to amend the tenure for carrying forward of losses after a merger could be a double-edged sword, according to M&A (mergers & acquisitions) and tax experts.
2 mins
Sector- and stock-specific actions likely: Analysts
Though the benchmark indices ended flat during the special session held on the Budget day, the impact of the announcements made by the finance minister will be visible during this week.
1 min
Markets to focus on earnings, RBI policy
● FPI outflows may keep the indices under pressure
3 mins
Govt may borrow more via long-term bonds
Rising interest from pension funds and insurers, say experts
1 min
Tax Incentives Expected To Lift Bank Deposits
BANKS ARE EXPECTED to gain from the income-tax incentives announced in the Budget, as the resultant rise in disposable income is expected to bolster current account savings account (CASA) deposits.
2 mins
Opting for a rented place may be better
● Check your final tax liability to make the right choice
1 min
You still need EPF, NPS, insurance
● Don't ditch these just because tax incentives are gone
3 mins
Tough to evade taxes on crypto income now
I-T dept will gather third-party data on it, says Neetu Brahma
1 min
India is slashing taxes. It must now cut red tape
THE INDIAN MIDDLE class, and even some of its top 10% earners, are now fully exempt from income taxes.
3 mins
Elephants in the room
Budget done, markets are now looking at monetary policy, earnings and Trump's tariff tantrums
2 mins
Pre-empting Trump 2.0
IN THE CONTEXT OF A MORE COMPLEX TRADE LANDSCAPE, BRACING FOR SHOCKS IS THE APT STRATEGY
4 mins
Is this finally the iPhone moment for small SUVs?
● Launched on the Budget Day, but it isn't a budget car
2 mins
Growth trigger
TAX RELIEF OF up to ₹12 lakh isn't just a policy shift—it's a direct trigger for higher consumer spending.
1 min
Forging a stronger link
● New guidelines will help grow trust and engagement
3 mins
Innovation time
WHILE THERE WERE no direct incentives for the industry in terms of GST reliefs or easing the content creation process, a significant boost for the sector stems from the considerable reduction in income tax slabs.
1 min
A Deeper Impact with Deeptech
● Union Budget bets big on AI research, deeptech & GCCs
3 mins
Stay connected during your active pursuits
TRUE WIRELESS EARBUDS are everywhere. Most brands harp on the sound quality and battery life of their devices.
1 min
Great for listening to music outdoors
● They are a good combination of sound and style
2 mins
A string of boosters for the tech sector
● A clear intent to anchor India as a global R&D hub
2 mins
FMCG firms.
IN MUMBAI, FOR instance, where public transport is common, the minimum auto and cab fares have been raised by ₹3 each beginning Saturday, which is expected to hurt the middle class.
1 min
Musk team now has access to US' payment system
THE DEPARTMENT OF Government Efficiency, run by President Donald Trump's billionaire adviser and Tesla CEO Elon Musk, has gained access to sensitive Treasury data, according to two people familiar with the situation.
2 mins
Trump triggers tariff wars
Bloomberg Economics estimated that Trump's move will raise the average US tariff rate to 10.7% from near 3% currently and \"deal a significant supply shock\" to the domestic economy.
1 min
Setting new benchmark for inclusive development
AMIDST RISING GLOBAL protectionism that challenges international trade, the finance minister's eighth Budget reaffirms India's commitment to play a dominant role on the world stage through forward-looking economic policy changes, while aligning to the previous glide path on fiscal deficit.
2 mins
Key takeaways: Job creation in agri and MSME in focus
THE UNION BUDGET presented by finance minister Nirmala Sitharaman is fiscally prudent, prioritises consumption, provides for capex, and focuses on job creation—much-needed elements for Viksit Bharat.
2 mins
Take-off time at Axis Bank
CEO Chaudhry Has Built a Strong Platform
3 mins
India beat England by 150 runs, bag series 4-1
IRRESISTIBLE ABHISHEK SHARMA toppled records en route a 54-ball 135, the second-fastest century and the highest score by an Indian batter in T20Is, as the hosts crushed a feeble England by 150 runs in the 5th T20I to take the series 4-1 here on Sunday.
1 min
Financial Express Kolkata Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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