Union Budget 2025 - Live Updates
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Union Budget 2025: Date, Time, Live Updates, and Key Announcements
The Union Budget 2025 is set to be presented by Finance Minister Nirmala Sitharaman on February 1, 2025, continuing the tradition of annual Budget announcements on this date. The session will begin at 11:00 AM, outlining key economic policies, tax proposals, and growth strategies for the upcoming fiscal year.
Despite falling on a Saturday, the stock markets will remain open, operating as usual from 9:15 AM to 3:30 PM for live reactions to Budget announcements. This marks Sitharaman’s eighth consecutive Budget presentation, including two interim Budgets.
The Union Budget is crucial in shaping India’s economy, covering aspects like taxation, infrastructure, and industry reforms. The Budget will be broadcast live on major news channels and online streaming platforms.
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India Budget 2025: Highlights and Key Expectations
The Union Budget 2025, set to be announced on February 1, 2025, is highly anticipated, with expectations centred around tax reforms, economic growth, and industry support. With the vision of Viksit Bharat 2047, key focus areas may include tax reliefs, infrastructure development, and sector-specific incentives.
Top Budget 2025 Expectations:
- Income Tax:
- Higher Exemption Limits: The basic tax exemption under the new regime may increase from ₹3 lakh to ₹5 lakh, benefiting taxpayers.
- Section 80C Revision: The deduction limit may be raised from ₹1.5 lakh to ₹2 lakh, encouraging savings.
- Home Loan Interest Deductions: The limit may increase from ₹2 lakh to ₹3 lakh, boosting real estate investments.
- Industry & Sectoral Reforms:
- Automobile: Potential GST rate revisions for EVs and hybrid vehicles.
- Manufacturing: Expansion of the Production Linked Incentive (PLI) scheme.
- Real Estate: Tax relief for homebuyers and reforms in stamp duty & GST.
The Budget could also include job creation initiatives, infrastructure development, and new digital economy policies. Stay tuned for real-time updates and insights on Budget 2025!
What is a Union Budget? Meaning & Objectives
The Union Budget is India's annual financial statement, presented by the Finance Minister in Parliament. It outlines the government's estimated income (revenues) and expenditures for the upcoming financial year, from April 1 to March 31. The Budget is a crucial document that guides the country’s economic policies, sets growth targets, and determines fund allocations across different sectors.
Economic Growth & Development: The Budget is key in shaping India’s economic trajectory by allocating resources for infrastructure, healthcare, education, defence, and welfare programs. Investments in these areas contribute to job creation, industrial growth, and overall economic progress.
Revenue & Expenditure Management: The government collects revenue through taxes, duties, and non-tax sources. The Budget ensures that these funds are optimally allocated to meet national priorities while balancing spending and borrowing.
Fiscal Discipline & Deficit Control: A primary Budget objective is to maintain fiscal discipline, ensuring that the government's expenses do not exceed its revenue. Measures like reducing the fiscal deficit, controlling inflation, and managing public debt are integral to maintaining a stable economy.
Tax Reforms & Reliefs: One of the most anticipated aspects of the Budget is taxation policies. The government may introduce changes in income tax slabs, corporate tax rates, and GST regulations to encourage investment, support businesses, and provide relief to individuals.
Social Welfare & Inclusive Growth: The Budget aims to promote inclusive development by focusing on rural upliftment, poverty reduction, women empowerment, and MSME growth. Schemes for affordable housing, skill development, and digital transformation are often highlighted.
Boosting Investments & Ease of Doing Business: Through incentives like Production Linked Incentive (PLI) schemes, corporate tax benefits, and startup funding, the Budget encourages private investments, innovation, and entrepreneurship.
Inflation & Price Stability: Budget policies impact commodity prices, interest rates, and overall inflation. The government takes measures to stabilise essential goods prices and promote sustainable growth.
Why is the Union Budget Important?
The Union Budget is a blueprint for the nation’s economic roadmap. It influences businesses, investors, taxpayers, and common citizens, shaping the economic landscape for the year ahead.
Union Budget 2025: Announcements, Expectations, and Key Themes
The Union Budget 2025, to be presented on February 1st, is expected to spotlight critical themes such as 'Amrit Kaal' and 'Viksit Bharat,' aiming to accelerate India's journey toward becoming a developed nation. This marks Finance Minister Nirmala Sitharaman's eighth Budget presentation, further emphasising the government’s commitment to fostering inclusive growth.
Key expectations for this Budget include measures to streamline tax structures and provide relief to taxpayers by revising tax slabs under the new regime. The focus on reducing the fiscal deficit remains a priority, with potential announcements targeting economic resilience and sustainability.
Sectoral growth initiatives in infrastructure, healthcare, renewable energy, and manufacturing are anticipated, aligning with India’s long-term economic aspirations. Furthermore, there’s speculation about reforms in agriculture, MSMEs, and digitalisation to drive job creation and entrepreneurship.
Stay connected for a comprehensive breakdown of Budget 2025's major announcements as we provide detailed analyses and share the official Budget PDF on presentation day.
Frequently asked questions about the Budget
What is the Union Budget, and why is it important?
The Union Budget is the government’s annual financial roadmap that outlines the country’s expected revenue and expenditure for the coming fiscal year. It plays a vital role in shaping economic policies, taxation, and public expenditure, directly impacting national development and growth.
When will the Union Budget 2025 be presented?
The Union Budget 2025 is scheduled to be presented by the Finance Minister on February 1st, 2025. This has been the standard practice since 2017. In 2025, February 1st falls on a Saturday.
Which key sectors will the Union Budget 2025 focus on?
The budget is expected to emphasise key sectors such as agriculture, healthcare, infrastructure, education, defence, and technology. Additionally, there is speculation about reforms in taxation, digital economy initiatives, and measures to support the 'Viksit Bharat' vision.
Who is responsible for preparing the Union Budget?
The Union Budget is prepared by the Budget Division of the Department of Economic Affairs, which operates under the Ministry of Finance. It is developed in consultation with other ministries and government bodies.
How does the Union Budget impact individuals and businesses?
The budget directly affects individuals through tax policies, subsidies, and welfare schemes, while changes influence businesses in corporate taxes, trade policies, and government expenditure on infrastructure and industry-specific initiatives.
What time will the Budget 2025 presentation begin on February 1st?
The Finance Minister, Nirmala Sitharaman, is expected to present the Union Budget 2025 at 11:00 AM in Parliament. This timing has been followed consistently in recent years.
How does the Union Budget influence the stock market?
The union budget impacts stock markets through changes in taxation, fiscal policies, government spending, and reforms. Announcements related to sectors like infrastructure, banking, and manufacturing can influence investor sentiment, leading to market fluctuations.
Where can I find live updates on the Union Budget 2025?
Live updates on the Union Budget 2025 will be available on government websites, news portals, and financial platforms. You can also follow Kotak Securities for real-time insights and expert analysis.
What are the major expectations for the Indian Budget 2025?
The Union Budget 2025 is expected to address critical areas like tax reforms, incentives for the manufacturing and startup sectors, increased infrastructure spending, and measures to boost healthcare and renewable energy. Financial experts also anticipate enhanced benefits for GIFT City and relief measures for MSMEs.
What is the role of Finance Minister Nirmala Sitharaman in the Union Budget?
As the Finance Minister, Nirmala Sitharaman is responsible for formulating the fiscal policy and presenting the Union Budget to Parliament. She outlines the government’s financial priorities, including taxation, spending, and reforms, to shape India’s economic trajectory.