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28Mar 2025

Parliament Approves Finance Bill 2025, Finalizes Budget Exercise

Why in the News ? The Parliament has completed the Union Budget 2025-26 process with the Rajya Sabha returning the Finance Bill 2025 to the Lok Sabha, including 35 amendments. This marks the conclusion of the annual budgetary exercise for the upcoming fiscal year. About the Parliamentary Approval of Union Budget 2025-26: The Parliament has …

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26Mar 2025

Lok Sabha Passes Finance Bill 2025, Announces Major Tax Relief

Why in the News ? The Lok Sabha has passed the Finance Bill 2025, introducing zero income tax for income up to ₹12 lakh under the new tax regime. The Bill also focuses on tariff rationalization, boosting domestic manufacturing, and supporting startups with extended benefits. Key Provisions of the Finance Bill 2025: Tax Benefits: Under …

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