archiveUnion Budget

A quiet yet transformative shift is underway in India’s financial ecosystem. The International Financial Services Centre (IFSC), once a niche jurisdiction catering exclusively to cross-border financial services, is now at the heart of policy reforms designed to attract global investors. The latest development comes with the Finance Bill 2025, which introduces key tax exemptions poised to reshape investment dynamics within the IFSC framework. The IFSC, defined under Section 2(q) of the Special Economic Zone Act, 2005, is a jurisdiction that facilitates financial services to both non-residents and residents, provided the...

In the upcoming Union Budget 2025-26, CII (Confederation of Indian Industry) expects the government to focus on boosting the manufacturing sector under various criteria. As India's economy continues to grow, the manufacturing sector holds an important role in unlocking sustainable development and job creation. However, the sector has been facing challenges in recent years. To revive growth and create employment opportunities, the government must implement policies in the upcoming Budget 2025 that support the manufacturing sector.  In this context, these are the expectations of CII from the upcoming budget, highlighting...

Budget 2025: The Indian stock market experienced high volatility on Saturday, February 1, following the FY26 Union Budget announcement by Finance Minister Nirmala Sitharaman. While the budget introduced major changes in income tax slabs, shifting more money into the hands of middle-class consumers, market sentiment remained mixed due to concerns over government capital expenditure (capex) allocation.A key takeaway from the budget was the increase in the income tax exemption limit to ₹12 lakh, a significant move aimed at boosting household consumption, savings, and investment. There had been widespread expectations that...