Finance Minister Nirmala Sitharaman presented the first full India Budget of Modi 3.0, aiming to provide tax relief to the middle class while addressing the need for sustained economic growth. The Budget arrives as India's GDP growth is projected to dip to a four-year low of 6.4% in FY24, aligning with its decadal average.
The Economic Survey forecasts growth between 6.3% and 6.8% for FY26, below the pace needed to achieve Viksit Bharat by 2047, stressing the importance of land and labor reforms. With India’s world-leading growth showing signs of slowing, the push for an 8% annual growth rate remains pivotal, as FY25-26 growth is expected to be lower than FY23-24’s 8.2%.
Calling the Union Budget 2025-26 "amazing", Union Railways and Electronics and IT Minister, Ashwini Vaishnaw on Saturday said that with the big allocation to it, Indian Railways is all set to expand faster, safer and comfortable rail travel across the country. Read More...
Signalling a commitment to research and development, Union Finance Minister Nirmala Sitharaman on Saturday allocated Rs 20,000 crore to the Department of Science and Technology as a corpus for a fund to promote private sector-driven innovation. Read More...
As many as 1 crore more people will pay no income tax after the increase in rebate to Rs 12 lakh announced in the Budget for 2025-26, Finance Minister Nirmala Sitharaman said on Saturday. Read more...
Defence Minister Rajnath Singh praised the Budget's "all-inclusive approach," and congratulated the Finance Minister for presenting an "excellent and epoch-making budget," aligning with PM Modi's vision of a Viksit Bharat.
"This budget has taken an all-inclusive approach; from empowering poor sections of our society, to farmers to MSMEs to industries, and is also strengthening research in advanced technologies like Artificial Intelligence," he posted on social media.
He welcomed the decision to provide income tax relief for annual incomes up to Rs 12 lakh and lauded the increased Defence allocation of Rs 6.81 lakh crore for FY 2025-26. He highlighted that the Rs 1.8 lakh crore capital outlay for Defence forces would enhance modernisation and technological advancements.
"I am confident that under the able leadership of Prime Minister Narendra Modi, this budget will further strengthen security and ensure the prosperity of the country and take a big leap in realising the vision of a Viksit Bharat," he added.
I congratulate Finance Minister Smt. @nsitharaman for presenting an excellent and epoch-making budget that aligns with Prime Minister Shri @narendramodi's vision of a Viksit Bharat.
— Rajnath Singh (@rajnathsingh) February 1, 2025
This budget has taken an all inclusive approach; from empowering poor sections of our society, to…
Home Minister Amit Shah calling the Budget a "blueprint for making a Viksit and Shreshtha Bharat" in every sector.
"This budget, which covers every sector - from farmers, the poor, middle class, women and children's education, nutrition and health to startups, innovation and investment - is the road map for PM Modi's self-reliant India," he posted on social media.
बजट-2025 विकसित और हर क्षेत्र में श्रेष्ठ भारत के निर्माण की दिशा में मोदी सरकार की दूरदर्शिता का ब्लूप्रिंट है।
— Amit Shah (@AmitShah) February 1, 2025
किसान, गरीब, मध्यम वर्ग, महिला और बच्चों की शिक्षा, पोषण व स्वास्थ्य से लेकर Start Up, Innovation और Investment तक, हर क्षेत्र को समाहित करता यह बजट मोदी जी के…
External Affairs Minister (EAM) S. Jaishankar praised the Union Budget on Saturday, calling it a road map to achieve Prime Minister Narendra Modi's vision of a 'Viksit Bharat'.
He described it as forward-looking, employment-centric, and growth-oriented.
Taking to X, Jaishankar congratulated Finance Minister Nirmala Sitharaman for presenting a Budget that builds upon a decade of structural reforms and transformative progress.
Labelling it as a "Viksit Bharat Budget 2025," EAM Jaishankar said that the Budget "recognises the energies and contribution of the middle class to nation-building."
"It reaffirms our steadfast resolve to the welfare of 'Gareeb, Yuva, Annadata and Nari'," he added.
Jaishankar highlighted the Budget's focus on agriculture, MSMEs, investment, and exports, calling it a crucial step towards strengthening India's self-reliance and global engagement.
Congratulate FM @nsitharaman ji for presenting a forward-looking, employment centric and growth - oriented Union Budget 2025.
— Dr. S. Jaishankar (@DrSJaishankar) February 1, 2025
It is a roadmap for achieving PM @narendramodi’s vision of #ViksitBharat, building upon the structural reforms and transformative progress of the last 10…
Delhi: Union Finance Minister Nirmala Sitharaman says, "...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...So if we are talking of reform inclusive of taxation, the work is done. This budget also speaks about rationalization and customs. Tariffs are being brought down, tariffs are being simplified..." (ANI)
Delhi: Union Finance Minister Nirmala Sitharaman says, "...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… pic.twitter.com/5LZQ92Ao3z
— OTV (@otvnews) February 1, 2025
The Union government allocated over Rs 6.81 lakh crore to the Ministry of Defence (MoD) on Saturday and further increased the defence pension by 14 per cent.
An official of the MoD said that In pursuance of Prime Minister Narendra Modi-led government’s vision of ‘Viksit Bharat @ 2047’, with technologically advanced and ‘Aatmanirbhar’ Armed Forces, the Union Budget has made a provision of Rs 6,81,210.27 crore for Financial Year (FY) 2025-26 for the Ministry of Defence. Read more...
Benchmark indices Sensex and Nifty ended flat in a special trading session on Saturday as investors saw little coming in from the Finance Minister Nirmala Sitharaman for retail investors and the overall markets in the Union Budget.Read More...
Finance Minister Nirmala Sitharaman on Saturday presented Union Budget 2025-26, envisaging an expenditure of Rs 50,65,345 crore, an increase of 7.4 per cent over the current fiscal.
The government's flagship Khelo India programme to scout and nurture athletes at the grassroots level was the biggest beneficiary as the allocation for sports and youth affairs was hiked substantially by Rs 351.98 crore.
PTI
The Union Budget 2025 introduces revised income tax slabs to ease the burden on taxpayers, benefiting the middle class. The new regime raises the nil tax liability limit to Rs 12 lakh and offers marginal relief for incomes slightly above this threshold. Read More...
The Union Budget 2025-26 has allocated more than Rs 1,400 crore to the law ministry to meet carry forward expenditure for holding the 2024 Lok Sabha elections and purchase of new electronic voting machines for the Election Commission.
The legislative department in the law ministry is the nodal agency for the Election Commission (EC), polls, electoral laws and appointment of members to the poll panel. Read More...
The Centre has allocated Rs 74,226 crore for the Department of Drinking Water and Sanitation in the Union Budget 2025-26, with most of it allotted to the Jal Jeevan Mission which aims to provide tap water connections to rural households.
PTI
Prime Minister Narendra Modi on Saturday lauded the Union Budget 2025, calling it a "Janta Janardan Ka Budget" and emphasising its people-centric approach that will propel India's development journey. Read More...
The domestic stock market on Saturday saw significant fluctuations after Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26. Read More...
More than Rs 334 crore has been allocated to the personnel ministry for the next fiscal to train government employees, both in the country and abroad, and augment necessary training related to infrastructure, according to the Union Budget 2025-26 presented by Finance Minister Nirmala Sitharaman on Saturday. Read More...
Finance Minister Nirmala Sitharaman introduced massive reforms to the new income tax regime in the Union Budget 2025. In a major boost for the middle class, the FM announced tax exemption for salaried people earning up to Rs 12 lakh. Read More...
Finance Minister Nirmala Sitharaman on Saturday presented the Budget 2025-26 in Parliament which aims to give a big push to employment-led growth with its focus on the agricultural and rural sector, MSMEs, and exports, while sticking to the fiscal consolidation path to ensure stability in the economy. Read More...
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman presented Union Budget 2025-26 in the Parliament on Saturday. Quoting Telugu poet and playwright Gurajada Appa Rao’s famous saying, ‘A country is not just its soil; a country is its people’ – the Finance Minister presented the Union Budget 2025-26 with the theme ‘Sabka Vikas’ stimulating balanced growth of all regions. Read More...
While presenting the Union Budget 2025, Finance Minister Nirmala Sitharaman on Saturday said the budget promises to continue government’s efforts to accelerate growth, secure inclusive development, invigorate private sector investments, uplift household sentiments, and enhance spending power of India’s rising middle class. Read More...
Finance Minister Nirmala Sitharaman on Saturday unveiled a series of measures aimed at strengthening India’s atomic power sector, announcing a Rs 20,000-crore Nuclear Mission. The initiative includes amending the legal framework to bring in private players and the indigenous development of five small modular reactors. Read More...
Presenting the Union Budget 2025 on Saturday, Union Finance Minister Nirmala Sitharaman listed a few schemes for online platform workers and gig workers. Read More...
Union Finance Minister Nirmala Sitharaman on Saturday presented the Union Budget for the eighth consecutive time in Parliament, making history. She has surpassed the record of former Prime Minister and Finance Minister Morarji Desai last year. Read more...
#WATCH | "No Income Tax payable up to an income of Rs 12 Lakh. Slabs and rates being changed across the board to benefit all tax-payers," announces FM Nirmala Sitharaman.
— OTV (@otvnews) February 1, 2025
She further says, "...I propose to revise tax rate structures as follows: 0 to Rs 4 Lakhs - nil, Rs 4 Lakhs… pic.twitter.com/EgThN9IKSH
Zero income tax up to Rs 12 lakh (Rs 12.75 lakh for salaried taxpayers with a standard deduction of Rs 75,000)
New structure to reduce taxes on the middle class and leave more money in their hands, boosting household consumption, savings and investment.
Slabs and rates being changed across the board to benefit all taxpayers, says Nirmala Sitharaman
#UnionBudget2025 | I am now happy to announce that there will be no income tax up to an income of Rs 12 lakhs: Finance Minister Nirmala Sitharaman#UnionBudget2025 #UnionBudget2025WithOTV #Budget2025WithOTV #Budget2025 pic.twitter.com/iAZuGlgP0I
— OTV (@otvnews) February 1, 2025
Finance Minister Nirmala Sitharaman in her eighth Budget speech on February 1 said that there will be no income tax till Rs 12 lakh income. Read More...
#UnionBudget2025 | Inspired by the success, a modified UDAN scheme will be launched to enhance regional connectivity to 120 new destinations and carry 4 crore additional passengers in the next 10 years. The scheme will also support helipads and smaller airports in hilly,… pic.twitter.com/r97bkbqIBJ
— OTV (@otvnews) February 1, 2025
“I also propose to introduce the new income tax bill next week,” said Finance Minister Nirmala Sitharaman in Lok Sabha during the Union Budget 2025 presentation on Saturday. Read More...
During her Budget presentation in Lok Sabha today, Finance Minister Nirmala Sitharman announced the expansion of capacity in IIT. Total number of 23 IITs has increased 100% percent from 65000 to 1.35L in the past 10 years. Additional infrastructure will be created in the five IITs started after 2014 to facilitate education for 6500 more students. Read More...
With an aim to transform India into a large logistics organisation, Finance Minister Nirmala Sitharaman on Saturday announced that the government has set a plan to set up 1.5 lakh rural post offices. Read more...
The Union Budget 2025 has made arrangements for a modified UDAN Scheme, said Finance Minister Nirmala Sitharaman during her budget presentation on Saturday. Read More...
Cost norms for nutritional support programmes like Saksham Anganwadi and Poshan 2.0 will be enhanced in the Union Budget 2025-26, Finance Minister Nirmala Sitharaman said on Saturday.
Presenting her eighth consecutive budget, Sitharaman said Saksham Anganwadi and Poshan 2.0 programmes provide nutritional support to over 8 crore children, 1 crore pregnant and lactating women, and 20 lakh adolescent girls in aspirational districts and the northeast region.
"The cost norms for these nutritional support (programmes) will be enhanced accordingly," she said.
(PTI)
Finance Minister Nirmala Sitharaman on Saturday said the government will arrange identity cards and registration on the e-Shram portal to assist 1 crore gig workers.
Presenting the Union Budget 2025-26, the finance minister also said a scheme for the socio-economic upliftment of urban workers will be implemented.
"...Gig workers of online platforms provide great dynamism to the 'New Age' services economy. Recognising their contribution, our government will arrange for their identity cards and registration on the e-Shram portal," she said.
Such workers will be provided health care facilities under the Pradhan Mantri Jan Arogya Yojana (PM-JAY) and this measure is likely to assist nearly one crore workers, Sitharaman added.
(PTI)
PM SVANidhi scheme for street vendors will be revamped with enhanced loans from banks and UPI-linked credit cards with Rs 30,000 limit, Union Finance Minister Nirmala Sitharaman said on Saturday.
Presenting her eighth consecutive budget, Sitharaman said the scheme has benefited more than 68 lakh street vendors through respite from high interest informal sector loans.
"Building on this success the scheme will be revamped with enhanced loans from banks UPI-linked credit cards with Rs 30,000 limit and capacity building support," she said.
PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) is a Special Micro-Credit Facility for providing affordable loans to street vendors.
(PTI)
Finance Minister Nirmala Sitharaman on Saturday said 50,000 Atal Tinkering Labs will be set up in the next five years to cultivate scientific temper in young minds.
Presenting the 14th consecutive Budget under the Narendra Modi government since 2014, Sitharaman said that five national centres for skilling would also be set up with global expertise.
Besides, the government will launch Bharatiya Bhasha Pushtak scheme to provide a digital form of Indian language books for schools and higher education.
Further, she said that additional infrastructure will be created in in five IITs.
Measures will be taken to promote nutritional support in the country, she said.
(PTI)
Finance Minister Nirmala Sitharaman on Saturday announced another round of Fund of Funds for Startups scheme with a corpus of Rs 10,000 crore to promote growth of budding entrepreneurs.
The announcement assumes significance as the government is focusing on promoting innovation through startups.
Department for Promotion of Industry and Internal Trade (DPIIT) has recognised over 1.5 lakh startups so far.
(PTI)
#UnionBudget2025 | Union Finance Minister Nirmala Sitharaman says, "PM Dhan Dhaanya Krishi Yojana - developing agri districts program...Our government will undertake a PM Dhan Dhaanya Krishi Yojana in partnership with states. Through the convergence of existing schemes and… pic.twitter.com/PvxPIsOkXF
— OTV (@otvnews) February 1, 2025
Finance Minister Nirmala Sitharaman on Saturday announced the government's plan to transform India into a large logistics organisation with 1.5 lakh rural post offices.
Presenting her eighth straight budget, Sitaraman said India Post will be transformed into a large public logistic organisation with 1.5 lakh rural post offices to become a catalyst for the rural economy.
(PTI)
Finance Minister Nirmala Sitharaman on Saturday said a focused scheme will be launched for the footwear and leather sectors while steps will be initiated to make India a global toy manufacturing hub.
The government will also launch a mission to support clean technology manufacturing activities, she said while presenting the Union Budget for 2025-26.
She said investment as third engine encompasses investing in people, innovation, and economy.
(PTI)
The government will launch a Rs 2-crore term loan for 5 lakh first-time women, SC and ST entrepreneurs, Finance Minister Nirmala Sitharaman said on Saturday.
Presenting the Union Budget for 2025-26, the finance minister also said a manufacturing mission will be set up for SME and large industries.
Besides, the government will undertake facilitation measures to enhance productivity of labour-intensive sectors, Sitharaman said. The credit guarantee cover will be doubled to Rs 20 crore, guarantee fee moderated to 1 per cent, she added.
She also said a national institute of food technology, entrepreneurship and management will be established in Bihar.
(PTI)
The government aims to initiate "transformative reforms" across six domains, including taxation and financial sector, in Union Budget 2025-26, Finance Minister Nirmala Sitharaman said on Saturday. Presenting her eighth consecutive budget, Sitharaman said the government's development track record of the past 10 years and structural reforms have drawn global attention.
A Viksit Bharat will have zero poverty, quality education, high-quality, affordable and comprehensive healthcare, she said and added that the Budget's focus is to take everyone together on inclusive growth path.
"... this Budget aims to initiate transformative reforms across six domains during the first five years. These will augment our growth potential and global competitiveness. The domains are taxation, power sector, urban development, mining, financial sector and regulatory reforms... agriculture as the first engine," Sitharaman said.
(PTI)
Union Finance Minister Nirmala Sitharaman presented the Union Budget 2025 on February 1 in the Lok Sabha. This was her eighth consecutive Budget presentation in Parliament and her second full-fledged budget of the Narendra Modi-led NDA government formed in 2024 i.e. Modi 3.0. Read More...
India will launch a national mission on high-yielding seeds, Finance Minister Nirmala Sitharaman said on Saturday.
Presenting her 8th straight Budget, she also said a 'Makhana Board' will be established in Bihar to improve production and processing of fox nut.
The finance minister also said the government will bring enabling framework for sustaining harvest of fisheries sector in exclusive economic zones and high seas.
She also announced a 5-year mission to promote cotton production.
(PTI)
Finance Minister Nirmala Sitharaman on Saturday said the Union Budget 2025-26 will initiate reforms in six areas of taxation, urban development, mining, financial sector, power and regulatory framework.
Presenting her eighth consecutive budget, she said the government's development track record of the past 10 years and structural reforms have drawn global attention.
A Viksit Bharat will have zero poverty, quality education, high-quality, affordable and comprehensive healthcare, she said and added that the budget's focus is to take everyone together on inclusive growth path.
(PTI)
Union Finance Minister Nirmala Sitharaman emphasized India's remarkable economic growth as she presented the Union Budget 2025. "Our economy is the fastest growing among all major economies. Our development track record for the past 10 years and structural reforms have drawn global attention," she said. The Minister highlighted that confidence in India's capability and potential has only increased during this period. She further pointed out that the next five years present a unique opportunity to realize the vision of "sabka vikas," fostering balanced growth across all regions.
Union Finance Minister Nirmala Sitharaman presents her 8th Union Budget.
Indian Union Cabinet has approved Budget 2025, meeting concludes.
Domestic benchmark indices saw a bull rally early on Saturday, ahead of the much-anticipated Union Budget 2025-26, while continuing their rise for another trading session this week. Read more...
Ahead of the budget presentation by Finance Minister Nirmala Sitharaman, the Union cabinet meeting has begun in Parliament.
Sensex rallies 136.44 points to 77,637.01 in opening trade ahead of Budget presentation; Nifty up 20.2 points to 23,528.60.
(PTI)
#WATCH | #UnionBudget2025 | Delhi: Union Finance Minister Nirmala Sitharaman arrives at the Parliament. She will present the Union Budget shortly. pic.twitter.com/sWh7HcQgnR
— ANI (@ANI) February 1, 2025
#WATCH | President Droupadi Murmu offers 'dahi-cheeni' (curd-sugar), considered auspicious, to Union Finance Minister Nirmala Sitharaman ahead of tabling #UnionBudget2025 #UnionBudget2025 #UnionBudget2025WithOTV #Budget2025WithOTV #Budget2025 pic.twitter.com/MmByGBAaAf
— OTV (@otvnews) February 1, 2025
#WATCH | Union Finance Minister Nirmala Sitharaman and MoS Finance Pankaj Chaudhary meet President Droupadi Murmu at Rashtrapati Bhavan in Delhi before tabling the #UnionBudget2025#UnionBudget2025 #UnionBudget2025WithOTV #Budget2025WithOTV #Budget2025 pic.twitter.com/xfoTaDbtUn
— OTV (@otvnews) February 1, 2025
#WATCH | Delhi | Copies of #UnionBudget2025 are brought to parliament as Union Finance minister Nirmala Sitharaman will today table her 8th Union Budget, for the fiscal year 2025-26, in Lok Sabha pic.twitter.com/AKWZQYTExW
— ANI (@ANI) February 1, 2025
#WATCH | Delhi: Union Finance Minister Nirmala Sitharaman leaves from the Ministry of Finance.
— ANI (@ANI) February 1, 2025
She will present and read out the #UnionBudget2025 at the Parliament through a tab, instead of the traditional 'bahi khata'. pic.twitter.com/89XblFTwmk
Union Finance Minister Nirmala Sitharaman will present the much-awaited first full-fledged budget of Modi 3.0 tomorrow i.e. on Saturday, February 1. The Union Budget 2025 is expected to bring about significant price changes across various sectors in India. Read More...
There seems to be a growing consensus that the Union Budget 2023-24 needs to proffer some relief for the middle class, which many argue has been dealt severe blows after whammies in the form of and not limited to inflation, unemployment and higher taxes. Read More...
Along with potential changes in personal income tax structures, such as phasing out the old tax regime and introducing zero income tax for those earning less than Rs 10 lakh per annum, signal a shift towards a more investment-friendly and growth-oriented tax environment. And it is highly expected from the Budget 2025.
The Union Budget 2025-26 faces the challenge of balancing fiscal consolidation with economic growth amid rising inflation. However, the medium-term fiscal consolidation path may face pressure due to the impact of the Eighth Pay Commission recommendations.
To achieve the $5 trillion economy milestone, which may now be pushed from FY28 to FY30, the government aims to recover nominal GDP growth to at least 10.5% beyond FY25 and moderate INR depreciation against the US dollar
With 2025 being the first full Budget of the Modi government's third term, expectations are high regarding the expansion of existing welfare schemes and the introduction of new initiatives. The government is likely to allocate substantial funds for programs targeting rural development, healthcare, education, and skill development. There may be a particular emphasis on schemes aimed at empowering women and marginalized communities. The budget is also anticipated to address the challenges of unemployment and underemployment.
With 2025 being the first full Budget of the Narendra Modi government's third term, expectations are high. As the upcoming Union Budget 2025-26 is expected to propel India towards becoming a $7 trillion economy by 2030, the wishlist of... Read more...
As India gears up for Budget 2025, expectations are high among taxpayers for significant reforms. A primary expectation from Finance Minister Nirmala Sitharaman is to simplify the tax filing process and... Read more... more.
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