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Thursday, August 28, 2025
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Budget

3 imported cancer drugs made duty free, but cold shoulder to health sector overall in budget

Trastuzumab deruxtecan, osimertinib & durvalumab to become more affordable for cancer patients. But no new initiatives or push to ongoing projects in the healthcare sector in the budget.

In Budget 2024-25, focus on development of cities as ‘growth hubs’, land reforms in urban areas

Urban development among nine priority areas in this year’s budget. Since 2014, Centre has been implementing land reforms in rural areas. Now, it aims to do so in urban areas.

Defence budget raised by Rs 500 crore from interim, Rs 1.05 lakh crore reserved for Indian firms

In terms of pure numbers, the total defence budget for 2024-25 stands at Rs 6,21,940 crore as against Rs 6.23 lakh crore in the revised estimates for the last fiscal. 

Aid to Maldives sees cuts, assistance to Sri Lanka increases in Budget 2024-25

Full budget sees sizeable increase in development aid to Sri Lanka, while assistance to Maldives sees drastic cuts from both 2023-24 revised estimates and 2024-25 interim budget.

Budget 2024: Gold, silver, phone chargers to get cheaper. Cost of fertilisers, PVC flex boards to rise

Twenty-five critical minerals essential for sectors like nuclear energy, renewable energy, space, defence etc exempt from customs duties. Angel tax abolished, in boost for startups.

Relief for salaried class under new tax regime; 50% hike in standard deduction in Budget 2024

The standard deduction for salaried employees is proposed to be increased from Rs 50,000 to Rs 75,000 annually.

Shares slide as government hikes trading-related taxes in Budget 2024

Govt raised tax rate for equity investments held for less than one year to 20% from 15% and for shares held for more than 12 months to 12.5% from 10% in the budget.

Budget 2024: Fiscal deficit target lowered to 4.9% of GDP, markets decline

The target signals the government's intention to remain fiscally prudent despite expectations it may ramp up spending on welfare programs following a weaker than anticipated election victory for Modi.

Budget 2024: Govt to provide Rs 11.11 lakh cr towards capex in boost for infra

Sitharaman also said the government would facilitate investment-grade energy audit of micro and small industries in 60 clusters.

Modi government says focus on employment & middle class in first post-poll budget

The government will allocate 2 trillion rupees ($24 billion) for job creation over the next five years, Nirmala Sitharaman said.

On Camera

Op Sindoor awardees don’t fit traditional gallantry criteria. Redefine parameters for modern wars

The casualty list of the personnel killed or wounded during Op Sindoor has not been formally published. The public has been denied the opportunity to stand by and honour the families of the fallen.

All bets off as online gaming bill shakes industry & key players suspend ‘gambling’ on their platforms

The new law, which the government has framed as a moral duty, forced major platforms like Dream11 & Zupee to shut operations, wiping out hundreds of crores in market capitalisation. 

Post-Sindoor, joint doctrine tasks Special Forces with fighting info warfare & countering propaganda

Joint Doctrine for Special Forces Operations, released Wednesday, also outlines plans for the future expansion of AFSOD and the creation of Joint Service Training Institutes.

That Oval Office picture for ages deserves closer Indian reading, with a geopolitical lens

Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.