Indian Finance Minister Nirmala Sitharaman addressed a press conference on Saturday (Feb 1), shortly after presenting the Union Budget 2025 in the Lok Sabha.
Speaking to reporters, Sitharaman said, "One thing which I certainly would like to highlight is responding to the voice of the people, which is what Prime Minister Modi is known for in his administration. It's a very responsive government, and as a result, the income tax simplification which I announced in July is already completed in its works, and we shall bring the bill in the next week."
<a href="https://www.wionews.com/business-economy/union-budget-2025-tax-changes-new-slabs-and-what-it-means-for-you-all-faqs-answered-8681296" rel="dofollow noopener" target="_blank">Also read: Union Budget 2025 tax changes: New slabs, and what it means for you - All FAQs answered</a>
She added, "So if we are talking of reform inclusive of taxation, the work is done. This budget also speaks about rationalisation and customs. Tariffs are being brought down, tariffs are being simplified..."
The Finance Minister noted that the revised income tax slabs would be beneficial for all taxpayers. "Everybody across the board" would gain from these changes, she said.
Sitharaman also explained that the government&rsquo;s focus remained on the new tax regime, steering away from the previous system. The goal was to lower tax rates while maintaining fiscal stability.
<a href="https://www.wionews.com/india-news/indian-union-budget-2025-26-key-tds-changes-announced-this-year-8681206" rel="dofollow noopener" target="_blank">Also read: Indian Union Budget 2025-26: Key TDS changes announced this year</a>
Addressing concerns about public spending, she said that there would be no cutbacks on capital expenditure. She said, "There is no reduction in the public spending on capital expenditure. We continue to place emphasis on the multiplier effect that capital expenditure done by the government has shown has sustained us. We continue on that, and with all this, our fiscal prudence has been maintained..."
According to Sitharaman, the Union Budget 2025 aims to streamline taxation and uphold fiscal responsibility while prioritising economic growth and public welfare.
(With inputs from agencies)

Business & Economy, India news: Sitharaman said, "We are a very responsive government. The income tax simplification I announced in July is completed, and we shall bring the bill next week."

Indian Finance Minister Nirmala Sitharaman addressed a press conference on Saturday (Feb 1), shortly after presenting the Union Budget 2025 in the Lok Sabha. Speaking to reporters, Sitharaman said, "One thing which I certainly would like to highlight is responding to the voice of the people, which is what Prime Minister Modi is known for in his administration. It's a very responsive government, and as a result, the income tax simplification which I announced in July is already completed in its works, and we shall bring the bill in the next week." Also read: Union Budget 2025 tax changes: New slabs, and what it means for you - All FAQs answered She added, "So if we are talking of reform inclusive of taxation, the work is done. This budget also speaks about rationalisation and customs. Tariffs are being brought down, tariffs are being simplified..." The Finance Minister noted that the revised income tax slabs would be beneficial for all taxpayers. "Everybody across the board" would gain from these changes, she said. Sitharaman also explained that the government’s focus remained on the new tax regime, steering away from the previous system. The goal was to lower tax rates while maintaining fiscal stability. Also read: Indian Union Budget 2025-26: Key TDS changes announced this year Addressing concerns about public spending, she said that there would be no cutbacks on capital expenditure. She said, "There is no reduction in the public spending on capital expenditure. We continue to place emphasis on the multiplier effect that capital expenditure done by the government has shown has sustained us. We continue on that, and with all this, our fiscal prudence has been maintained..." According to Sitharaman, the Union Budget 2025 aims to streamline taxation and uphold fiscal responsibility while prioritising economic growth and public welfare. (With inputs from agencies)

‘Tax simplification is complete’: After Budget 2025, FM Sitharaman promises income tax reforms bill next week

All speculation over the next chief minister of Himachal Pradesh came to rest Sunday with the BJP announcing <a href="http://www.wionews.com/india-news/not-running-for-chief-minister-position-prem-kumar-dhumal-27550" target="_blank">five-time legislator Jairam Thakur as the party&#39;s next leader</a>&nbsp;in the legislative assembly.

The swearing-in ceremony for the BJP leader will take place on December 27. Prime Minister Narendra Modi will also attend the ceremony.&nbsp; &nbsp;&nbsp;

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BJP delegation met Himachal Pradesh governor Acharya Dev Vrat and staked claim to form Government in the state. Jairam Thakur says &quot;swearing in ceremony to take place on 27th December, PM to attend&quot; <a href="https://t.co/bjvLu2TXJO">pic.twitter.com/bjvLu2TXJO</a>
&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/944866934889123840?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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Thakur is thought of as a&nbsp;&quot;strong&quot;&nbsp;leader -- he won his fifth straight assembly election from the Seraj seat this time, and the&nbsp;BJP won nine out of 10 seats in the region.

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Jairam Thakur to be the Legislature party leader in Himachal Pradesh: Narendra Singh Tomar, Central Observer <a href="https://t.co/q319dmgOzl">pic.twitter.com/q319dmgOzl</a>
&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/944849586698444800?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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The announcement was made at the BJP&#39;s legislative party meet in Shimla today. 
&nbsp; 
The meeting was attended by union ministers Nirmala Sitharaman and Narendra Singh Tomar and state party in-charge Mangal Pandey.

Thakur was a minister in the previous BJP government and was state unit president between 2006-2009.

Thakur is considered close to JP Nadda and hence enjoys the&nbsp;support of the top BJP leadership.&nbsp;

The BJP wrested power from the Congress in the recent Himachal Pradesh elections, securing a simple majority by winning 44 seats in the 68-member assembly.&nbsp;

Thakur's name for CM was announced at the BJP's Legislative Party meet in Shimla today

All speculation over the next chief minister of Himachal Pradesh came to rest Sunday with the BJP announcing five-time legislator Jairam Thakur as the party's next leader in the legislative assembly. The swearing-in ceremony for the BJP leader will take place on December 27. Prime Minister Narendra Modi will also attend the ceremony. BJP delegation met Himachal Pradesh governor Acharya Dev Vrat and staked claim to form Government in the state. Jairam Thakur says "swearing in ceremony to take place on 27th December, PM to attend" pic.twitter.com/bjvLu2TXJO — ANI (@ANI) December 24, 2017 × Thakur is thought of as a "strong" leader -- he won his fifth straight assembly election from the Seraj seat this time, and the BJP won nine out of 10 seats in the region. Jairam Thakur to be the Legislature party leader in Himachal Pradesh: Narendra Singh Tomar, Central Observer pic.twitter.com/q319dmgOzl — ANI (@ANI) December 24, 2017 × The announcement was made at the BJP's legislative party meet in Shimla today. The meeting was attended by union ministers Nirmala Sitharaman and Narendra Singh Tomar and state party in-charge Mangal Pandey. Thakur was a minister in the previous BJP government and was state unit president between 2006-2009. Thakur is considered close to JP Nadda and hence enjoys the support of the top BJP leadership. The BJP wrested power from the Congress in the recent Himachal Pradesh elections, securing a simple majority by winning 44 seats in the 68-member assembly.

Jairam Thakur to be sworn in as Himachal Pradesh CM on December 27, PM Modi to attend

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‘Tax simplification is complete’: After Budget 2025, FM Sitharaman promises income tax reforms bill next week

Jairam Thakur to be sworn in as Himachal Pradesh CM on December 27, PM Modi to attend