The budget plan detailed Friday marks a 2.6% increase from the current year, and would be partly funded by a record ¥78.4 trillion in tax receipts, enabling a 19% reduction in new bond issuance.
Since losing its lower house majority in an October election, Ishiba's coalition government has been forced to negotiate with opposition parties over policy plans.
In order to win the support of the small Democratic Party for the People to pass an economic stimulus package, the coalition agreed to raise a ceiling on tax-free income during the annual tax reform process.
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Esta historia es de la edición December 28, 2024 de Financial Express Bengaluru.
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IT firms see shift to shorter deal cycles
DEAL CYCLES IN India's IT services sector are becoming shorter, even for large contracts—a trend analysts expect to continue in the coming quarters.
Land rules, payment delays hurt manufacturing: CEA
TOUGH RULES FOR land use and large firms' reluctance to clear dues to micro, small and medium enterprises (MSMEs) in time are hurting India's manufacturing and exports, chief economic advisor V Anantha Nageswaran said on Monday.
RG Kar case 'not rarest of rare'; life term for convict
A court in Kolkata's Sealdah on Monday sentenced Sanjoy Roy to life imprisonment \"until his last breath\" for the rape and murder of a junior doctor at the state-run RG Kar College and Hospital.
Zomato Q3 profit plummets, misses estimates
FOOD & GROCERY DELIVERY FIRM'S REVENUE ROSE 64% TO ₹5,405 CR; BLINKIT BOOSTS EXPANSION TO OUTPACE RIVALS
Nazara raises ₹495 cr from existing investors
GAMING AND ESPORTS company Nazara Technologies raised ₹495 crore through a preferential share issue to Axana Estates.
Promising outlook for Havells India
Aims 14% revenue and 24% EPS CAGR during FY25-27
On Day 2 of ceasefire, Gazans search for people under rubble
PALESTINIANS BEGAN SEARCHING on Monday for thousands of Gazans believed still buried under rubble, as residents expressed shock at the devastation wrought by 15 months of war on the enclave on the second day of a ceasefire between Israel and Hamas.
JSW Renew Energy files appeal against CERC tariff order
JSW RENEW ENERGY Five, a subsidiary of JSW Energy, has filed an appeal with the Appellate Tribunal for Electricity (APTEL) challenging the Central Electricity Regulatory Commission's (CERC) decision to reject the tariff adoption for its BESS pilot project dated January 2, 2025, according to people familiar with the matter.
Telcos seek tax exemption on AGR dues
THE CELLULAR OPERATORS Association of India (COAI), which represents telecom operators, has urged the government to exempt service tax on additional adjusted gross revenue (AGR) dues arising from the recent Supreme Court's ruling.
Infy: Improvement in discretionary demand
Expects strong revenue growth of 5-7.9% in FY26
