Union Budget 2025 Live News Updates: Stay tuned for the latest updates from the Union Budget presented in the Parliament by Finance Minister Nirmala Sitharaman. This budget will outline changes in income tax rates and slabs, capital expenditures, new infrastructure projects, agriculture and railway spending plans, and more.
When is the Union Budget 2025 presented?
The Union Budget is scheduled to be presented by Finance Minister Nirmala Sitharaman in the Parliament on February 1, 2025, at around 11 AM. Despite being a Saturday, the Stock Markets will remain open to accommodate the Budget session. You can watch the live stream of the event on channels like Sansad TV, Doordarshan, and various news channels.
Why is the Union Budget 2025 important?
There are high expectations for the Union Government to increase the base exemption limit for income tax. This Budget is significant as it marks the first full-fledged budget in the BJP & Modi’s third tenure and sets the tone for the remaining years. With the GDP showing growth and the Economic Survey projecting further growth, the Government’s response in this budget is crucial.
Highlights from the Budget:
- Expectations are high as market experts are looking to the Budget to boost sentiment following recent market corrections.
- EY India expects the Budget to focus on tax simplification, reduction in personal income tax, and boosting private capex.
- Prime Minister Modi indicated that the Budget will aim to benefit the middle class and poor, with a focus on achieving ‘Developed Nation’ status by 2047.
- The Government has listed 16 bills for the Budget session, including key bills like the Finance Bill and the Banking Laws (Amendment) Bill.
Stay updated with all the important announcements and developments in the Union Budget 2025 here. Share this article to keep others informed.
