Union Budget 2025 Live
- revanth chalamala
- Feb 1
- 14 min read
Budget Live Updates: Income tax exemption up to ₹12 lakh boosts consumption
The Finance Minister's decision to raise the income tax exemption threshold to ₹12 lakh is set to enhance consumer spending by increasing disposable income. This policy benefits sectors like retail, hospitality, and entertainment, while boosting demand in automotive and real estate. It also aims to improve consumer confidence and stimulate job creation, contributing to economic growth. In summary, exempting income tax for earnings up to ₹12 lakh is a strategic move to invigorate the economy through increased consumer spending.
February 01, 2025 / 12:18 IST
Budget Live Updates: FM ends Budget speech with booster shot to middle class
FM ends Budget speech with booster shot to middle class
February 01, 2025 / 12:16 IST
Budget Live Updates: Income Tax Exemption Limits
2005: ₹1 lakh
2012: ₹2 lakhs
2014: ₹2.5 lakhs
2019: ₹5 lakhs
2023: ₹7 lakhs
2025: ₹12 lakhs
February 01, 2025 / 12:14 IST
Budget Live Updates: No income tax payable up to Rs 12 lakh, says FM
No income tax payable up to Rs 12 lakh, says FM
FM's income tax announcement receives resounding claps from the House
February 01, 2025 / 12:09 IST
Budget Live Updates: Make India
In a bid to bolster the Make India initiative and local electronic manufacturing, the government has adjusted the Basic Customs Duty (BCD) on interactive flat panel displays, increasing it from 10% to 20%, while lowering the BCD on open cell and other components for LCDs and LEDs to 5%. This decision will favor contract manufacturers like Dixon Technologies.
February 01, 2025 / 12:08 IST
Budget Live Updates: TCS on LRS, Remittance
The TCS on LRS has been raised to Rs 10 lakh from the previous Rs 7 lakh.
The TCS on remittances for education has been eliminated when the loan is obtained from designated financial institutions.
February 01, 2025 / 12:08 IST
Budget Live Updates: TDS on rent increased to Rs 6 lakh
The TDS threshold for rent has been raised to 6 lakh
February 01, 2025 / 12:05 IST
Budget 2025 Live: TDS and TCS Limits for Senior Citizens
TDS limit increased from Rs 50,000 to Rs 1 lakh for senior citizens
February 01, 2025 / 12:04 IST
Live Budget Updates: Reforms in PIT, Streamlining of TDS and TCS, Easing Compliance Burden
Reforms in PIT, streamlining of TDS and TCS, easing compliance burden
February 01, 2025 / 12:03 IST
Budget 2025 Live: Indirect Tax Initiatives to Enhance Domestic Manufacturing and Value Addition
Cobalt powder, lithium-ion battery waste and scrap, lead, zinc, and 12 other essential minerals will be exempt from Basic Customs Duty (BCD)
35 more items for EV battery production and 28 additional items for mobile phone battery production will be included in the list of exempt capital goods
February 01, 2025 / 12:03 IST
Budget Live Updates: Gig Economy in the Spotlight
During the presentation of the Union Budget 2025, FM Nirmala Sitharaman revealed that one crore gig workers, particularly those associated with online platforms like Swiggy, Zomato, Zepto, BigBasket, and others, will receive ID cards. This initiative acknowledges their contributions and offers enhanced social security benefits. Additionally, one crore gig workers will also gain access to healthcare benefits through the PM Jan Arogya Yojana, with registrations available on the e-Shram portal. These announcements coincide with the rapid growth of the quick commerce sector in India, which has expanded into a $6 billion market within four years. This measure is anticipated to enhance social security in the flourishing online commerce sector.
February 01, 2025 / 12:02 IST
Budget 2025 Live: FM announces simpler New Income Tax bill
The New Income Tax bill will be easier to comprehend and aims to minimize litigation
February 01, 2025 / 12:00 IST
Budget Live Updates: Insurance FDI Increased to 100%
The Budget's decision to raise the FDI limit in the insurance sector from 74 percent to 100 percent for certain companies reflects the Finance Ministry's intentions and will enable foreign joint venture partners to increase their stakes, thereby boosting deal activity in the sector.
February 01, 2025 / 12:00 IST
Budget Live Updates: Gross and net borrowing for FY26 is planned at Rs 14.82 lakh
The Government's gross and net borrowing for FY26 is planned at Rs 14.82 lakh crore and Rs 11.54 lakh crore, respectively. The intended market issuances are nearly identical to those of FY25. In FY25, gross and net borrowing were Rs 14.13 lakh crore and Rs 11.75 lakh crore. This consistent level of G-Sec supply suggests that Government borrowing will not incrementally crowd out private credit in FY26. The limited supply will enhance the rally in G-Sec.
Budget 2025 Live: FM Discusses BCD
Plan to maintain the BCD exemption for the manufacturing of ships and their components for a decade
February 01, 2025 / 11:57 IST
Budget Live Updates: FY25 revised capital expenditure at Rs 10.18 lakh crore
FY25 revised capital expenditure at Rs 10.18 lakh crore
February 01, 2025 / 11:56 IST
Budget Live Updates: New Reforms
Committee to Propel Further Ease of Doing Business Reforms
The Finance Minister has introduced a committee tasked with reviewing and suggesting new reforms to improve the ease of doing business. This effort seeks to simplify regulations, boost efficiency, and draw in investments.
Budget 2025 Live: Emphasis on Fiscal Deficit
The fiscal deficit as a percentage of GDP is decreasing as planned. The revised estimate for capital expenditure is INR 10.18 lakh crore, which is below the budget estimate for FY25.
February 01, 2025 / 11:55 IST
Budget 2025 Live: Emphasis on Tariffs
The budget further simplifies tariff rates, emphasizes deregulation, and supports the grassroots economy. It remains mostly reform-oriented and establishes a sensible target of 4.4% for FY 26, continuing the trend of fiscal consolidation. -Shweta Punj, Moneycontrol
February 01, 2025 / 11:53 IST
Budget Live Updates: Fiscal Deficit at 4.8% for FY25, announces Finance Minister
Fiscal deficit for FY25 is 4.8%, with FY26 projected at 4.4%
February 01, 2025 / 11:50 IST
Budget Live Updates: Finance Minister on Jan Vishwas Bill
Jan Vishwas Bill 2.0 set to be introduced to remove criminal penalties from over 100 provisions
State Investment Friendly Index to be launched in 2025
February 01, 2025 / 11:48 IST
Budget Live Updates: FM on Mergers
Rapid approvals for company mergers will be guaranteed, and the scope of these regulations will be broadened.
The government has demonstrated a strong commitment to facilitating business operations.
The government will create a modern, user-friendly, trust-based regulatory framework.
February 01, 2025 / 11:46 IST
Budget Live Updates: FM announces increase in Insurance FDI from 74% to 100%
Previously, the government implemented faceless assessment, quicker tax returns, and five Vivad se Vishwas schemes.
Insurance FDI increased from 74% to 100%
February 01, 2025 / 11:45 IST
Budget Live Updates: FM announces new income tax code coming next week
FM states tax department will prioritize trust before scrutiny
New income tax code expected next week
Proposal to introduce new Income Tax bill next week
February 01, 2025 / 11:43 IST
Budget 2025 Live: FM identifies exports as the 4th growth engine | Quick updates
Sector-specific and ministerial targets set with the launch of the Export Promotion Mission
Establishment of digital public infrastructure to facilitate international trade financing solutions
Assistance for domestic manufacturing to integrate into global supply chains
National framework provided to States to encourage GCCs in tier two cities
February 01, 2025 / 11:41 IST
Budget 2025 Live: National Geospatial Mission Introduced
India is launching a national geospatial mission aimed at creating spatial data to update land records.
February 01, 2025 / 11:40 IST
Budget 2025 Live: FM Discusses Deep Tech
Exploration of a deep tech fund of funds is on the agenda
February 01, 2025 / 11:39 IST
Budget 2025 Live: FM discusses Medical Tourism
Medical tourism and healing in India will be encouraged with the private sector, including simplified visa regulations
February 01, 2025 / 11:38 IST
Budget 2025 Live: Finance Minister on PM Gatishakti, Tourism
PM Gatishakti data for the private sector: relevant data and maps will be made accessible to the private sector
Tourism for employment-driven growth. The top 22 destinations will be developed in collaboration with states
February 01, 2025 / 11:37 IST
Budget 2025 Live: Finance Minister discusses SWAMI scheme
SWAMI scheme: 50,000 housing units have been completed, with an additional 40,000 to be finished
SWAMI Fund 2 will be set up with Rs 15,000 crore
February 01, 2025 / 11:35 IST
Budget 2025 Live: FM Announces Greenfield Airports in Bihar
Greenfield airports will be developed in Bihar to accommodate an additional 4 crore passengers
February 01, 2025 / 11:35 IST
Budget 2025 Live: FM discusses UDAN scheme
UDAN has facilitated travel for 1.5 crore middle-class individuals by connecting 88 airports across 619 routes. A revamped UDAN will be introduced, expanding to 120 additional destinations
February 01, 2025 / 11:34 IST
Budget 2025 Live: Finance Minister on Maritime Sector
The government is reviving the shipbuilding financial assistance scheme, emphasizing shipbuilding. Shipbuilding clusters will be supported.
A maritime development fund with a corpus of Rs 25,000 crore will be established.
February 01, 2025 / 11:33 IST
Budget 2025 Live: Changes to the atomic energy act will be addressed for this
Nuclear Energy Mission for Developed India: Aiming for 100 GW by 2047
Changes to the atomic energy act will be addressed for this
February 01, 2025 / 11:32 IST
Budget 2025 Live: FM announces nuclear energy mission for Viksit Bharat
Nuclear energy mission for Viksit Bharat: 100 GW of nuclear energy
February 01, 2025 / 11:31 IST
Budget 2025 Live: Jal Jeevan Mission Prolonged to 2028
The Jal Jeevan Mission has been prolonged to 2028 to guarantee complete coverage. Since 2019, 80 percent of the rural population has been covered.
February 01, 2025 / 11:31 IST
Budget 2025 Live: FM discusses capex linked loans and Urban challenge fund
State capex linked loans set at 1.5 lakh crore for FY26
An Urban challenge fund of Rs 1 lakh crore to be established for city redevelopment
February 01, 2025 / 11:30 IST
Budget 2025 Live: Finance Minister discusses asset monetisation
Asset monetisation plan for 2025-30 set to be introduced
February 01, 2025 / 11:29 IST
Budget 2025 Live: FM on Infrastructure
Every infrastructure ministry will develop a three-year list of PPP projects.
Each ministry is to propose three PPP projects, with Rs 1.5 lakh crore in interest-free loans for capital expenditure and incentives for reforms.
February 01, 2025 / 11:29 IST
Budget 2025 Live: FM announces social security plan for gig workers
Social security scheme announced for gig workers
GIG WORKERS TO RECEIVE HEALTHCARE, BENEFITING 1 CRORE GIG WORKERS
February 01, 2025 / 11:27 IST
Budget 2025 Live: FM Announces Cancer Centres in Every District Hospital
FM Announces Cancer Centres in Every District Hospital
February 01, 2025 / 11:26 IST
Budget 2025 Live: FM on AI
Three Centres of Excellence in AI for education will be established with a budget of Rs 500 crore
February 01, 2025 / 11:25 IST
Budget 2025 Live: FM on investments
Bharatiya Bhasha Pustak Scheme for mother tongue languages
National Manufacturing Mission to aid clean tech manufacturing and enhance domestic production of EV batteries and solar panels
5 National centers of excellence for skill development will be established
Additional infrastructure will be developed in 5 IITs initiated after 2014 for 6500 more students
February 01, 2025 / 11:23 IST
Budget 2025 Live: FM States Investment as the Third Growth Engine
FM states that investment is the third growth engine
The Saksham Anganwadi and Poshan 2.0m program will support 8 crore children
Atal Tinkering Labs will be established in government schools over the next five years.
February 01, 2025 / 11:21 IST
Budget 2025 Live: FM announces Manufacturing mission to offer policy support to industries
FM announces Manufacturing mission to offer policy support to industries
February 01, 2025 / 11:21 IST
Budget 2025 Live: FM announces establishment of a food processing institute in Bihar
Food processing institute to be established in Bihar
National Manufacturing Mission to boost Make in India
February 01, 2025 / 11:20 IST
Budget 2025 Live: Finance Minister announces India's goal to become a global toy hub
A new scheme will be introduced for 5 lakh women, who are first-time entrepreneurs, providing term loans over the next 5 years
The Credit Guarantee Scheme for Startups has been raised to 20 crore
India aims to become a global center for toys
February 01, 2025 / 11:17 IST
Union Budget 2025 Live: MSMEs are the second engine of growth, says FM
MSMEs are the second engine of growth
MSMEs account for 45% of our exports. The classification limit for MSMEs has been raised to support their growth
Customised credit cards will be issued for micro enterprises
February 01, 2025 / 11:15 IST
Budget 2025 Live: FM discusses cotton production
A five-year Mission for Cotton Productivity aims to support Extra Long Staple Cotton varieties for high-quality cotton
This initiative is anticipated to revitalize India's traditional textile industry
February 01, 2025 / 11:14 IST
Budget 2025 Live: FM discusses the agriculture sector
- Dhan Dhanya Krishi Yojana to target 100 districts with low productivity
- Agricultural program to assist 1.7 crore farmers
- Agricultural plan to include 100 districts with low productivity
- National Mission for Edible Oil & Seeds aims for self-reliance in the sector
- A six-year mission will be launched to achieve self-reliance in pulses
- Central agencies will procure Tur, Urad, Masur over the next 4 years
- A Makhana Board will be established in Bihar to enhance processing and value addition
February 01, 2025 / 11:10 IST
Union Budget 2025 Live: FM discusses Crop Diversification
Crop diversification, irrigation facilities, and credit availability to benefit 1.7 crore farmers
The initiative will implement crop diversification and enhance post-harvest storage, aiding 1.7 crore farmers
February 01, 2025 / 11:09 IST
Budget 2025 Live: FM says Budget aims at 'transformative' reforms in 6 areas
Finance Minister says Budget aims at 'transformative' reforms in 6 areas including Taxation, financial sector, power sector, urban development, mining, regulatory reforms.
February 01, 2025 / 11:08 IST
FM: Agriculture as the Primary Growth Engine
Agricultural districts program to be launched similarly to the aspirational districts program.
Crop diversification, irrigation infrastructure, and access to credit to benefit 1.7 crore farmers
The initiative will implement crop diversification and enhance post-harvest storage
. It will help 1.7 cr farmers
February 01, 2025 / 11:07 IST
Budget 2025 Live: FM highlights focus on the underprivileged, youth, farmers, and women in the Budget
Emphasis on farmers, youth, farmers, and women (GYAN)
Key areas include securing energy supplies and boosting exports
Growth engines identified as agriculture, MSMEs, and exports
February 01, 2025 / 11:06 IST
Union Budget 2025 Live: Today, Finance Minister Nirmala Sitharaman will present the Union Budget for the financial year 2025-26, marking her as the only finance minister to deliver the budget for eight consecutive years. However, it's noteworthy that former Prime Minister Morarji Desai holds the overall record for presenting the most Union Budgets in India. Desai delivered ten budgets in total—six during his time as finance minister from 1959 to 1964, and four more from 1967 to 1969.
February 01, 2025 / 11:05 IST
Budget 2025 Live: FM states that our economy is the fastest growing among major economies
The Budget for 2025-26 furthers our government's initiatives to boost growth
Our economy is the fastest growing among major economies
The Budget for 2025-26 furthers our government's efforts to ensure inclusive development, improve household sentiment, and strengthen the influence of India's middle class
February 01, 2025 / 11:00 IST
Union Budget 2025 Live: Focus on Taxation
Attention will be focused on the Finance Minister as she unveils Part B of the budget concerning Taxation. Banks are hoping for a tax break on Deposit income, having lobbied for it for the third consecutive time. Will this measure aid them in attracting more deposits?
February 01, 2025 / 10:57 IST
India Budget 2025 Live: Will FM Nirmala Sitharaman present a robust plan to enhance the IBC?
As the Union Budget announcement approaches, the banking sector is keenly observing the strategy to streamline the protracted insolvency process. The Economic Survey highlighted that a well-operating IBC platform is essential for India to achieve a growth rate of 7 to 8 percent. Accelerating the process and enhancing the NCLT infrastructure to manage a high volume of cases is crucial. Will FM Nirmala Sitharaman present a robust plan to enhance the IBC? We won't have to wait much longer to find out!
February 01, 2025 / 10:48 IST
India Budget 2025 Live: Income tax relief and import duty reductions may offer some relief to urban consumers
The Nifty India Consumption Index is trading nearly unchanged, reflecting low expectations that the Budget will provide a boost to demand. The Economic Survey highlighted a mixed scenario for urban demand while noting that rural demand was strong. However, companies across various consumer sectors have expressed concerns about weak trends in urban markets. The key question is whether the government will focus more on macroeconomic data or on micro trends. Income tax relief and import duty reductions are measures that could provide some relief to urban consumers.
February 01, 2025 / 10:43 IST
Union Budget 2025 Live: We'll see if investors receive relief from 'tax terrorism', says Jairam Ramesh
Congress MP Jairam Ramesh stated, "The budget has intent and content, which together determine its scope. We don't have high expectations that there will be major announcements to boost private investment... We'll see if there will be any tax relief for the middle class. Additionally, we need to observe whether investors receive relief from 'tax terrorism'. We have called for some reforms in GST. Modi 3.0 is being talked about globally, let's see when GST 2.0 arrives."
Budget 2025 Live: Bank Stocks Rise Ahead of Budget
Major bank stocks are trading positively in anticipation of a growth-focused budget. The Economic Survey 2025 has projected GDP growth for FY26 to be between 6.3 and 6.8 percent.
Although this is slightly below the RBI's growth estimates, it is significantly higher than the recent GDP figures of 5.4% for the September quarter.
Union Budget 2025 Live: Will the Budget amend the Insurance Act and FEMA?
The Insurance Regulatory and Development Authority of India (IRDAI) has set a target of "Insurance for All by 2047." In November, the Finance Ministry issued a consultation paper proposing to increase the FDI limit in the sector from 74 percent to 100 percent. The Economic Survey has further emphasized the need to enhance FDI in financial services, citing India's low insurance penetration. All attention is on whether Budget 2025 will amend the Insurance Act and FEMA (Foreign Exchange Management Act), outline the details for the FDI increase, and stimulate deals in the sector.
February 01, 2025 / 10:31 IST
India Budget 2025 Live: Union Budget receives Cabinet approval, Nirmala Sitharaman to speak at 11am
Union Budget 2025-2026 has been approved by the Cabinet.
Finance Minister Nirmala Sitharaman will deliver her speech at 11am.
February 01, 2025 / 10:09 IST
Union Budget 2025 Live: Government anticipated to boost railway budget by 15-18% for FY26
The Union Budget is anticipated to increase the gross budgetary support (GBS) for the Ministry of Railways (Indian Railways) by 15-18 percent.
Indian Railways plans to receive approximately 90 Vande Bharat trains in 2025, following the delivery of around 62 trains in 2024. These trains will be introduced on new routes.
February 01, 2025 / 09:55 IST
Budget 2025 Live: Government likely to increase highway budget by 5-6%
The budget is anticipated to raise the gross budgetary support (GBS) to the Ministry of Road Transport and Highways (MoRTH) by 5-6 percent, reaching approximately Rs 2.85 lakh crore to Rs 2.9 lakh crore.
"A modest rise in the budgetary support for the highway ministry, which has seen its budgetary support multiply about 8 times over the past decade, will not only enable the ministry to fully utilize funds but will also encourage greater private sector involvement in the sector," a senior government source told Moneycontrol.
Emerging Energy Sector Advocates for Incentives and Policy Enhancements
Participants in the emerging energy sector are seeking policy measures, incentives, and reduced duties on raw materials.
Industry leaders emphasize the need for investments in transmission infrastructure, energy storage, and local manufacturing to speed up the nation's shift to green energy.
FM and team pose with Bahikhata ahead of Budget
Finance Minister Nirmala Sitharaman and team pose for pictures ahead of Budget
Sitharaman is holding the Bahikhata in her hand.
FMCG anticipates enhanced rural infrastructure and growth in direct benefit transfer initiatives
According to experts, the Budget should focus on enhancing rural infrastructure and broadening direct benefit transfer initiatives to raise disposable income in underprivileged regions, potentially boosting consumption trends.
The budget has the potential to propel the growth of the consumer and retail industry.
“By implementing initiatives that boost spending, revising policies, offering incentives, advancing digital technologies, and promoting sustainable practices, the government can create a strong and fair retail landscape." - Paresh Parekh, Partner and Retail Tax Leader at EY India.
February 01, 2025 / 09:05 IST
Union Budget 2025 Live: Today, Finance Minister Nirmala Sitharaman will present the Union Budget for the financial year 2025-26, marking her as the only finance minister to deliver the budget for eight consecutive years. However, it's noteworthy that former Prime Minister Morarji Desai holds the overall record for presenting the most Union Budgets in India. Desai delivered a total of ten budgets—six as finance minister from 1959 to 1964, and four more between 1967 and 1969.
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