TaxTMI 
TaxTMI 
HIGHLIGHTS
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....IGHLIGHTS<BR>PTI News<BR>Dated:- 1-2-2025<BR>PTI<BR>New Delhi, Feb 1 (PTI) Following are the top stories at 1.30 PM NATION: DEL47 BUD-TAX Nil tax for individuals earning up to Rs 12 lakh annually under new regime: FM New Delhi: Individuals earning up to Rs 12 lakh annually will not have to pay any income tax under the new tax regime as Finance Minister Nirmala Sitharaman on Saturda....
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....y gave relief to middle class by raising exemption limit and rejigging slabs. DEL39 BUD-INCOME TAX Govt to introduce new I-T bill in Parl next week; to raise insurance FDI to 100 pc New Delhi: The government will introduce a new Income Tax bill next week to take forward the "trust first, scrutinise later" concept, Finance Minister Nirmala Sitharaman said on Saturday. PAR2 BUD-HISTORY Nir....
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....mala Sitharaman creates history with 8th consecutive budget New Delhi: Finance Minister Nirmala Sitharaman on Saturday made history as she presented a record eighth consecutive budget, which comes in the backdrop of slowdown in economy and demand for tax cuts for middle class. DEL15 BUD-LD REFORMS Budget aims to initiate 'transformative reforms' across six domains: FM New Delhi: The governme....
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....nt aims to initiate "transformative reforms" across six domains, including taxation and financial sector, in Union Budget 2025-26, Finance Minister Nirmala Sitharaman said on Saturday. PAR137 LS-OPPN-WALKOUT Oppn stages brief walkout during FM's Budget speech, demands govt statement on Kumbh stampede New Delhi: Opposition MPs on Saturday staged a brief walkout from the Lok Sabha during....
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.... Finance Minister Nirmala Sitharaman's Budget speech, demanding a statement from the government on the Kumbh stampede. DEL35 BUD-LD NUCLEAR OUTLAY FM announces Rs 20k cr nuclear mission; proposes amendments in law to rope in pvt players New Delhi: Finance Minister Nirmala Sitharaman on Saturday announced a slew of steps to boost atomic power in the country with a Rs 20,000-crore Nuclear miss....
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....ion, roping in private players by amending legal framework and development of five small modular reactors indigenously. DEL33 BUD-FISCAL DEFICIT Fiscal deficit for FY25 at 4.8 pc of GDP; 4.4 pc for FY26: FM New Delhi: The fiscal deficit for FY25 has been pegged at 4.8 per cent of GDP and at 4.4 per cent for FY26, Finance Minister Nirmala Sitharaman said on Saturday. DEL55 BUD-LD-INVESTMENT....
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.... TREATY Govt to revamp model bilateral investment treaty to make it investor-friendly New Delhi: The government on Saturday announced a revamp of the current model Bilateral Investment Treaty (BIT) to make it more investor-friendly and attract foreign players. DEL53 NAVIN CHAWLA-2NDLD DEAD Former chief election commissioner Navin Chawla passes away at 79 New Delhi: Former chief election ....
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....commissioner (CEC) Navin Chawla, whose tenure in the poll panel was mired in controversy over allegations of bias, passed away on Saturday. He was 79. DEL49 BUD-CUSTOMS-MINERALS FM removes import duties on 25 critical minerals, 36 drugs for rare diseases New Delhi: Finance Minister Nirmala Sitharaman on Saturday announced the removal of import duties on 12 critical minerals, lithium-ion batt....
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....eries scrap, cobalt products, LED, zinc and 36 drugs for cancer and rare diseases. PAR116 BUD-HEALTH Govt to set up daycare cancer centres in all district hospitals over next 3 years: Sitharaman New Delhi: The government will facilitate setting up of daycare cancer centres in all district hospitals over the next three years and 200 of these will be established in 2025-26, Union Finance Minis....
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....ter Nirmala Sitharaman announced on Saturday. DEL51 BUD-EV BATTERY Sitharaman proposes to cut duty on capital goods used in lithium-ion battery production New Delhi: Finance Minister Nirmala Sitharaman on Saturday proposed to extend duty exemptions on capital goods used in the production of lithium-ion batteries. PAR131 BUD-EDUCATION Govt to create additional infra in five IITs set up af....
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....ter 2014, expand IIT Patna: Sitharaman New Delhi: The government will create additional infrastructure in five Indian Institutes of Technology (IITs) and expand IIT Patna, Union Finance Minister Nirmala Sitharaman announced on Saturday. DEL46 BUD-LD UDAN Govt announces modified UDAN scheme; to connect 120 new destinations New Delhi: To boost regional connectivity, the government on Saturda....
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....y announced a modified UDAN scheme to connect 120 new destinations that will help carry 4 crore passengers in the next 10 years. DEL26 BUD-FARMERS-CONG FM starts with agriculture but completely silent on farmers' demands: Congress New Delhi: The Congress on Saturday attacked the Union government over its announcements in the Budget pertaining to the agriculture sector, saying Finance Ministe....
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....r Nirmala Sitharaman was "completely silent" on the demands of farmers, including MSP as a legal guarantee and farm loan waiver. DEL45 BUD-CONG-BIHAR Bihar appears to have got bonanza, why Andhra Pradesh so cruelly ignored: Cong on Budget New Delhi: Taking a swipe at the Modi government over its budget announcements, the Congress on Saturday said Bihar appears to have got a bonanza and asked....
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.... why the other pillar of the NDA, Andhra Pradesh, has been so "cruelly ignored". PTI VN VN<BR> News - Press release - PIB....