Officials said that the full-scale production of the 24-car Vande Bharat Sleeper train may commence in 2026-27.

Forward contracts will enable long-term investors such as insurance funds to manage their interest rate risk across interest rate cycles. They will also enable efficient pricing of derivatives that use bonds as underlying instruments, the RBI said.

The interest rates on various small savings schemes undergo a quarterly review and the rates for the next quarter (April-June) will be announced by March-end.

Explaining the proposal, the source said that the division of the pension share between the gig worker and the employer will be specified in the same way as the Centre’s and states’ shares under Goods and Services Tax transactions.

In the quarter ended December 2024, the bank's net profit grew 84 per cent to Rs 16,891 crore, compared to Rs 9,164 crore in the year-ago period.

While presenting the Union Budget for 2025-26, Union Finance Minister Nirmala Sitharaman had stated that a new income tax legislation will be introduced by the government next week in the ongoing Budget session of the Parliament.

Gold holds a significant place in Indian culture, often being accumulated over generations. During times of financial needs like hospital expenses and college fees, individuals are more willing to pledge their gold holdings like jewellery to secure loans.

A duty of 30 to 35 per cent is applicable on parts imported in CKD form in a single shipment, whereas importing them separately as individual parts attracts a lower tax rate of 10 to 15 per cent.

Swapnesh Maru spoke about China’s dominance in EVs, growing trade protectionism, and Toyota’s partnership with Maruti Suzuki. Edited excerpts

Of the 1.27 lakh internship opportunities listed by 280 companies in the first phase, partner companies made 82,077 internship offers to 60,866 candidates.

Economic Affairs Secretary Ajay Seth also underlined the need to bring in adaptation measures on climate change “very much into the focus”, saying that some of the Budget announcements for agriculture have been a move towards that direction amid the risk of extreme weather events.

The Union government is also expected to tweak conditions in capex loans for states for the next financial year, and is working out the details, Govil said.

Doing away with the 12 per cent slab has been discussed

The market volatility on Monday is expected to continue the trend seen on Saturday after the budget prioritised consumption to boost slowing consumption over capital expenditure.

Incidentally, the customs duty changes were announced by New Delhi just before the Trump administration slapped China, Canada and Mexico with high trade tariffs.

Union Budget 2025: With a rejig of Income Tax slabs, the expectation is that the money saved will flow back into the economy through consumption, savings or investment.

The announcement is significant in view of property cards being distributed under the Centre’s SVAMITVA Scheme, which are expected to spur credit demand in rural areas.

According to the Budget documents for financial year 2025-26, presented by Finance Minister Nirmala Sitharaman Saturday, the repayment of the loan was to begin in financial year 2024-25 as the loan was provided with three years of moratorium only.

The decision to remove customs duty on critical minerals scrap, a long-standing demand of the recycling industry, comes after the Ministry of Mines announced a Rs 1,500 crore incentive scheme for recycling under the National Critical Minerals Mission (NCMM) on Thursday.

Centre has lowered basic customs duty on 37 items with no change in effective rates

The pace of capital expenditure slowed down in the current year primarily due to elections and monsoon-related disruptions. There have also been concerns about capex reaching capacity utilisation constraints.

 “These amendments will take effect from the April 1, 2026, and shall accordingly, apply in relation to the assessment year 2026-27 and subsequent assessment years,” it said.

Under the PM Vishwakarma Yojana, a scheme that provides support to artisans and craftspeople in India, the government is targeting that more than 61 lakh artisans including women, and those from the SC, ST and OBC communities, will attain self-employment.

In her Budget speech, the FM said the investment and turnover limits for classification of all MSMEs will be increased 2.5 and two times respectively.