Union Budget 2025: Key Highlights and Latest Announcements by FM Nirmala Sitharaman

By Lokmat English Desk | Updated: February 1, 2025 14:17 IST2025-02-01T08:31:39+5:302025-02-01T14:17:56+5:30

Finance Minister Nirmala Sitharaman will table a record 8th consecutive Union Budget on Saturday (February 1, 2025) 11 a.m. ...

Union Budget 2025: Key Highlights and Latest Announcements by FM Nirmala Sitharaman | Union Budget 2025: Key Highlights and Latest Announcements by FM Nirmala Sitharaman

Union Budget 2025: Key Highlights and Latest Announcements by FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman will table a record 8th consecutive Union Budget on Saturday (February 1, 2025) 11 a.m. A cut or tweak in income tax rates/slabs to ease the burden of the middle class struggling with high prices and stagnant wage growth is widely expected in this budget.Presenting this budget will take Ms. Sitharaman closer to the record of 10 budgets presented by former Prime Minister Morarji Desai over different periods. Desai had presented a total of 6 budgets during his tenure as finance minister in 1959-1964, and 4 budgets between 1967-1969.
 

01 Feb, 25 : 01:10 PM

Union Budget 2025-26 Live Updates: : What Gets Cheaper, What Gets Expensive?

Leather goods

Electronic products

Mobile phones and mobile batteries

Electric cars

Clothing items

LED TVs

36 cancer-related medicines, which will now be completely tax-free

Several medicines, with customs duties removed

Frozen fish paste, with customs duty reduced from 15% to 5%

Handwoven textiles

Marine products, with customs duty reduced from 30% to 5%


 

01 Feb, 25 : 12:32 PM

Union Budget 2025-26 Live Updates: Significant Changes in Taxation on Electronics Announced by Finance Minister

The cost of domestically manufactured TV parts will be reduced. On the other hand, the tax on flat display panels has been increased from 10% to 20%. There have also been changes in customs duties on electronic goods. Additionally, basic customs duty on lead and zinc will be waived.

 

 

 

01 Feb, 25 : 12:31 PM

Union Budget 2025-26 Live Updates:  Major Changes in Tax Provisions Announced by Finance Minister

The limit for rental TDS will be increased from ₹2.4 lakh crore to ₹6 lakh crore. The new income tax law will be simplified. Additionally, the TDS limit for senior citizens has been set at ₹1 lakh. The deadline for filing returns has been extended to 4 years for those who haven't filed.

 

 

 

01 Feb, 25 : 12:30 PM

Union Budget 2025-26 Live Updates: Big change in income tax slabs. No tax up to ₹12 lakh, a major announcement by the Finance Minister.

01 Feb, 25 : 12:17 PM

Union Budget 2025-26 Live Updates: Farmers Schemes: Nirmala Sitharaman Announces Makhana Board in Bihar

In the Union Budget 2025, Finance Minister Nirmala Sitharaman made several key announcements, with a special focus on Bihar. Ahead of the upcoming state elections, she introduced the creation of a Makhana Board aimed at improving Makhana production and processing in the state, with particular emphasis on supporting farmers.

01 Feb, 25 : 12:16 PM

Union Budget 2025-26 Live Updates: 36 Life-Saving Drugs Including Cancer Fully Exempted From Basic Customs Duty

01 Feb, 25 : 11:59 AM

Union Budget 2025-26 Live Updates: Govt to allocate Rs 10,000 cr under Urban Challenge Fund for 2025-26

01 Feb, 25 : 11:29 AM

Union Budget 2025-26 Live Updates: Scheme to focus on manufacture of sustainable toys with a Made in India brand

For the toys sector, the government will implement a scheme to make India a global manufacturing hub.

01 Feb, 25 : 11:28 AM

Union Budget 2025-26 Live Updates: Saksham Anganwadi and Poshan 2.0 to empower women and children with nutrition

Saksham Anganwadi and Poshan 2.0 programs will provide vital nutritional support to 8 crore children, 1 crore mothers, and 20 lakh adolescent girls, focusing on lactating women, adolescent girls, and children.

 

01 Feb, 25 : 11:26 AM

Union Budget 2025-26 Live Updates: PM Agriculture Grain Scheme to be Launched in Collaboration with States

The Finance Minister announced that efforts will be made to boost exports through the Union Budget. She also revealed that the PM Agriculture Grain Scheme will be launched in partnership with states. The scheme will benefit 100 districts, impacting around 1.7 crore farmers across the country.

01 Feb, 25 : 11:25 AM

Union Budget 2025-26 Live Updates: Government Announces Steps to Achieve Self-Reliance in Agriculture

To promote self-reliance in the agriculture sector, the government has unveiled a six-year self-reliance scheme for pulses. Over the next four years, central agencies will procure tur, urad, and masoor pulses. Additionally, a Makhana Board will be established in Bihar, as announced by the Finance Minister.

 

 

 

 

01 Feb, 25 : 11:23 AM

Union Budget 2025-26 Live Updates: Government Increases Kisan Credit Card Loan Limit and Launches New Agricultural Initiatives

Finance Minister Nirmala Sitharaman has announced an increase in the Kisan Credit Card loan limit from ₹3 lakh to ₹5 lakh. In addition, a new initiative will be introduced to promote high-quality cotton production, and support will be provided for achieving self-reliance in urea production.

 

 

 

 

01 Feb, 25 : 11:21 AM

Union Budget 2025-26 Live Updates: MPs from the opposition parties walk out of Lok Sabha as Finance Minister Nirmala Sitharaman reads her budgetary speech.

01 Feb, 25 : 11:08 AM

Union Budget 2025-26 Live Updates: Ahead of presenting Budget, sloganeering by Oppn MPs

As Union Finance Minister Nirmala Sitharaman readied to present the Union Budget, she was met with sloganeering from the Opposition MPs.

01 Feb, 25 : 11:02 AM

Union Budget 2025-26 Live Updates:  Union Cabinet approves Union Budget 2025

01 Feb, 25 : 10:32 AM

Union Budget 2025-26 Live Updates: Only Corporate Giants Will Benefit": Samajwadi Party leader Ram Gopal On Union Budget 2025

01 Feb, 25 : 10:24 AM

Union Budget 2025-26 Live Updates: Union Home Minister Amit Shah arrives at Parliament Union Finance Minister Nirmala Sitharaman shortly

01 Feb, 25 : 10:13 AM

Union Budget 2025-26 Live Updates: Union Finance Minister Nirmala Sitharaman arrives at the Parliament. She will present the Union Budget shortly.

01 Feb, 25 : 09:56 AM

Union Budget 2025-26 Live Updates: r Nirmala Sitharaman and MoS Finance Pankaj Chaudhary meet President Droupadi Murmu at the Rashtrapati Bhavan

01 Feb, 25 : 09:44 AM

Union Budget 2025-26 Live Updates:  Stock Market Opens In Green Ahead of Union Budget 2025

01 Feb, 25 : 09:29 AM

Union Budget 2025-26 Live Updates: Nirmala Sitharaman to Present Budget Digitally via Tablet, Replacing Traditional ‘Bahi Khata’

01 Feb, 25 : 09:17 AM

Union Budget 2025-26 Live Updates: Locals In Ayodhya voice their opinion on Union Budget 2025

 

01 Feb, 25 : 09:14 AM

Union Budget 2025-26 Live Updates: Finance Minister Nirmala Sitharaman arrives at North Block ahead of Union Budget

01 Feb, 25 : 09:12 AM

Union Budget 2025-26 Live Updates: I Have Zero Expectations from this Budget, Karnataka Minister Priyank Kharge targets Modi government

01 Feb, 25 : 09:01 AM

Union Budget 2025-26 Live Updates: Union Finance Minister Nirmala Sitharaman leaves from her residence. She will present Union Budget 2025 at the Parliament today.

01 Feb, 25 : 08:42 AM

Union Budget 2025-26 Live Updates: People in Mumbai voice their expectations as Union Budget 2025 is all set to be presented in Parliament today.

01 Feb, 25 : 08:39 AM

Union Budget 2025-26 Live Updates: Delhi: MoS Finance Pankaj Chaudhary arrives at the Ministry of Finance. Union Finance Minister Nirmala Sitharaman will present Budget in the Parliament today.

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