Finance minister Nirmala Sitharaman has announced income tax exemption for individuals earning up to Rs 12 lakh annually under the new regime, providi

Sitharaman holds the record for the longest budget speech when her presentation lasted 2 hours and 40 minutes in 2020.

Highlights: FM Nirmala Sitharaman's announcement on February 1 brings a gift for the Indian middle class with no tax payable up to ₹12 lakh income.

The meeting would take place a day after the RBI announces the outcome of the Monetary Policy Committee meeting amid wide expectation of a rate cut by the central bank to boost moderating GDP growth.

MADHUBANI (ANI) – Indian Finance Minister Nirmala Sitharaman paid tribute to Madhubani art by wearing a saree gifted by Padma Shri awardee Dulari Devi while presenting the Budget on February 1.

Finance Minister Nirmala Sitharaman made history on Saturday by presenting her eighth consecutive budget with a 74-minute-long speech. This achievement brings her closer to the record held by former Prime Minister Morarji Desai, who presented 10 budgets during his tenure, six between 1959 and 1964 and four from 1967 to 1969.

Nirmala Sitharaman gave the middle class a huge boost when she declared that anyone earning up to Rs 12 lakh would not be subject to taxes.

Finance Minister Nirmala Sitharaman said that the the tax proposal will allow people to have more money in their hands.