India report: Government announces big relief in income tax

India: Union Finance Minister Nirmala Sitharaman Presents ‘Union Budget 2025-26’

Union Finance Minister Nirmala Sitharaman holds up a folder with Union Minister of State for Finance Pankaj Chaudhary and other officials outside the Finance Ministry ahead of the presentation of the ‘Union Budget 2025-26’, on February 1, 2025 in New Delhi, India. Source: SIPA USA / Salman Ali/Hindustan Times/Sipa USA

Listen to the latest SBS Hindi news from India. 03/02/2025


  • In the first budget of its third term, the Modi Government announces big relief in income tax.
  • Customs duty is waived on 36 life-saving medicines as electronic goods and electric cars get cheaper.
  • Several sops for the poll-bound east Indian state of Bihar announced.
  • Eight MLAs of the ruling Aam Aadmi Party in Delhi have joined Bharatiya Janata Party.
  • The Supreme Court orders the Election Commission to keep all electronic footage safe until its decision.
  • The Joint Parliamentary Committee's controversial report on the Waqf (Amendment) Bill is set to be tabled in the Parliament today.
  • Tight arrangements in Mahakumbh to tackle the massive influx of about 3 crore devotees.
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