Nirmala Sitharaman

Following this, Finance Minister Nirmala Sitharaman will present her eighth consecutive budget in the Lok Sabha

Union Budget 2025 Highlights: Finance Secretary says 75% taxpayers have moved to the new Income Tax regime. "We expect all taxpayers to move to the new tax regime," he added.

Despite the long-standing demand of the oil and gas industry, petroleum products including petrol, diesel, natural gas and aviation turbine fuel (ATF) have not been included under GST, on account of opposition from the state governments.

However, the economic survey stated that the addition of transmission lines was affected by the heavy monsoon conditions that hampered work.

Economic Survey 2025 Latest News: Sectors to transform include travel, health, recreational services; Trade outlook remains clouded in the next year, says Economic Survey

Even though economists have come up with suggestions to relax the fiscal deficit glide path and focus entirely on spending big to put the economy back on the growth path, the government is unlikely to deviate from the consolidation roadmap.

Agriculture and allied sectors employ 46 percent of the country’s population. However, India’s gross value added from agriculture at Rs 23 lakh crore is a mere 18 percent of the total GVA.

The Union Ministry of Labour and Employment is currently in talks with the state government of West Bengal and Delhi to finalise the draft rules, said a news report

Union Finance Minister Nirmala Sitharaman is set to announce Union Budget 2025-2026 on February 1

Budget 2025 Expectations Latest News Today (January 21): EdTech urges government to consider enhanced allocations for digital infrastructure in underserved regions, enabling widespread access to high-quality education. Tax incentives for research and development in EdTech solutions and subsidies for institutions adopting digital tools would also significantly encourage sector-wide innovation.

Budget 2025 Expectations Updates (January 20): Strong buzz around tax breaks for individual taxpayers, partial AGR waiver for telcos

Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1 next month.

There is a growing debate about increasing the basic exemption limit in both the old and new tax regimes. Will Sitharaman provide any good news to individual taxpayers to help offset the inflationary woes?

Budget 2025 Expectations Latest News Today (January 17): The most critical aspect of the budget will be any announcement regarding the income tax rebate.

The government may consider import duty rejigs specifically for components or inputs that have limited potential when it comes to make in India.

Union Budget 2025 Expectations Latest News Today (January 15): Will taxpayers get relief from burden of multiple taxes on Feb 1st?

Typically, the term "black budget" refers to the allocation of funds for classified or secret projects. However, in the Indian context, the 1973 Union Budget presented by then Finance Minister Yashwantrao B Chavan is known as the "Black Budget" due to its abnormally high fiscal deficit

Union Budget 2025 Expectations: Analysts are optimistic about the sector's prospects, particularly since the upcoming budget is expected to reinforce infrastructure-led growth.

Sitharaman said technology is being misused by some vested interests or dark forces and noted that India's growth may not go down well with some people