This excerpt simplifies complex financial jargon, making the Budget accessible for everyone.
The annual Budget lays it all out—a detailed plan of where the money comes from and where it is allocated.
The Finance Bill is introduced alongside the Budget to enact proposed tax changes.
For a reader, understanding the Budget can seem daunting, but breaking it into key elements makes it easier. Here’s how to navigate Budget speeches, announcements, and documents effectively:
Insurtech leaders have called for GST cuts on health insurance premiums to below 12 percent to make them more affordable
Budget 2025 Expectations: The upcoming budget comes at a time when the government faces a weakening rupee, potential tariff threats from Trump, and sluggish domestic demand.
Structural challenges have to be addressed and high-value manufacturing scaled up to unlock the full potential of the EMS sector
The industry has called for a substantial increase in the PLI scheme for semiconductors, more funds for R&D and investment in skilling and training programmes as chip wars intensify
An opportunity for finance minister Nirmala Sitharaman to rationalise tariff structure and give a boost to manufacturing
The upcoming Budget and policies are expected to reflect a strong commitment to ensuring energy availability, security and reducing dependence on fossil fuels
A strict comparison with 1991 is inappropriate because India’s not confronting a balance of payments crisis. However, there’s a discernible sense of unease about the economy. To dispel gloom and inject optimism, the union budget should roll back state overreach and lower tax incidence. A signal in the budget speech of a larger reform agenda will help
The industry has called for policies that reduce compliance hurdles, improve access to working capital and rationalise taxes, especially for small businesses
Finance minister Nirmala Sitharaman has an opportunity to trigger the right catalysts to unleash entrepreneurial animal spirits, and remain relentlessly focused on infrastructure-led growth and job creation
Hydro power generation lagged in recent years amid muted capacity additions
Nimesh Chandan of Bajaj Finserv AMC believes this year to be a challenging year for RBI.
In July, 2024, Finance Minister Nirmala Sitharaman announced the gross borrowing target from the markets in 2024-25 of Rs 14.01 lakh crore to finance its fiscal deficit of 4.9 percent of the GDP.
Last year marked one of the harshest years for advertising, particularly for traditional platforms, an expert noted.
Union Finance Minister Nirmala Sitharaman will present the Budget in the Parliament on February 1.
Budget 2025 for Consumer Durables Sector: Market experts and industry players are hoping that the scope of the Production Linked Incentive (PLI) scheme is broadened in the Budget.
Budget 2025 for PSU Sector: According to market experts, the Union Budget will offer a more realistic divestment target that can be reasonably accomplished over the next financial year.
Maintaining fiscal prudence, boosting urban consumption and disinvestment is a difficult ‘Triveni Sangam’. This would call for innovative solutions by the finance minister.
Data shows 88 percent of salaried tax payers earn less than Rs 15 lakh a year and contribute a mere 20 percent of tax collections. Lifting the tax threshold to Rs 15 lakh and levying a tax of 25 percent and 30 percent on the next two slabs can release up to Rs 2.4 lakh crore into the hands of salaried taxpayers. A lot of this tax relief will be recouped by the government in the form of GST accruing from higher consumption. It’s a win-win idea.
An increase in tax exemptions for insurance premiums will encourage citizens to invest in insurance policies, providing a much-needed boost to the general insurance sector
The post-budget period is expected to witness continued focus on these structural growth areas, even as challenges like capex shortfalls, market volatility, and geopolitical risks will continue.
According to an NCAER study, microfinance contributes 3 percent to the GVA. It fosters entrepreneurship and supports livelihoods and can play a key role in India's growth story