Finance Minister Nirmala Sitharaman tabled the Union Budget 2025 on February 1 at 11 am and announced a slew of changes and tax reforms.
If you have not caught up yet then here are 14 key announcements made during todayâs budget session:
In the revised new income tax regime, Finance Minister Nirmala Sitharaman said there will be no income tax payable up to an income of Rs 12 lakhs.
Atal Tinkering Labs: 50,000 Atal Tinkering Labs to be set up in Government schools in the next 5 years.
Broadband connectivity to all Government secondary schools and primary health centres in rural areas under the Bharatnet project.
Bharatiya Bhasha Pustak Scheme announced to provide digital-form Indian language books for school and higher education.
5 National Centres of Excellence for Skilling to be set up to equip our youth with the skills required for âMake for India, Make for the Worldâ manufacturing.
Expansion of Capacity in IITs: Additional infrastructure to be created in 5 IITs started after 2014 to facilitate education for 6,500 more students.
A Centre of Excellence in Artificial Intelligence for education is to be set up with a total outlay of Rs 500 crore.
10,000 additional seats to be added in medical colleges and hospitals next year, adding to 75000 seats in the next 5 years.
Government is to set up Day Care Cancer Centres in all district hospitals in the next 3 years, with 200 Centres in 2025-26.
Government to arrange for identity cards, registration on the e-Shram portal and healthcare under PM Jan Arogya Yojna, for gig-workers.
An outlay of Rs 1.5 lakh crore proposed for the 50-year interest-free loans to states for capital expenditure and incentives for reforms.
Asset Monetization Plan 2025-30: Second Plan for 2025-30 to plough back capital of Rs 10 lakh crore in new projects announced.
An Urban Challenge Fund of Rs 1 lakh crore to implement the proposals for âCities as Growth Hubsâ, allocation of Rs 10,000 crore proposed for 2025-26.
An outlay of Rs 20,000 crore for Nuclear Energy Mission and 5 indigenously developed Small Modular Reactors (SMR) to be operational by 2033.