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The Virtual Update

Budget

Welcome to The Virtual Update’s Budget section, where you’ll find expert budgeting tips and strategies to help you manage both personal and business finances. Learn how to create an effective budget, save money, and control your spending with our practical guides. From personal budgeting to business budgeting, we provide the resources you need for financial success. Stay informed and make smart financial decisions with our latest articles on managing emergency budgets, debt, and more.

 

‘Personal income tax buoyancy helped to offer relief; states may have deregulations as conditions for capex loans’

In a post-budget interview with Mint, Pandey also said the government’s push for deregulation could see them being implemented as…

Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair

New Delhi: The customs duty rejig announced in the Union budget for FY26 lowers India’s average customs duty rate sharply…

Centre to tighten reform criteria for states seeking 50-year interest-free capex loans: Ajay Seth

New Delhi: The Union government plans to raise the bar for benchmark reforms for states seeking access to its 50-year…

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

The days of intrusive tax scrutiny and compliance enforcement are over and tax administration will be based purely on trust…

Budget 2025: Not all LED TV makers are thrilled about duty exemption on open cell parts

New Delhi: The exemption of import duties on components required for making open cells—a key part of LED televisions—has divided…

Union Budget 2025: A bold step towards Viksit Bharat

The Union Budget 2025 has declared that in reaching the destination of Viksit Bharat by 2047, reforms will act as…

The big post-budget interview: Nirmala Sitharaman says she wanted to ‘honour the taxpayer’

You have presented some substantive issues in the budget, but the minute you say something like a personal income tax…

Big city pull: Easing migration will be tough, say experts

The demand-supply gap of workers across states is skewed and unless there is an immediate impact of agricultural reforms and…

When consumption push and fiscal consolidation go hand in hand

The budget this year came in the background of an economic slowdown led by weak urban consumption and lower government…

Tax changes in budget will increase bank deposits by ₹40,000-45,000 crore: DFS secretary M Nagaraju

The finance ministry expects ₹40,000-45,000 crore to flow into banks as deposits from the various tax changes announced in the…