Budget 2025: Mega relief for middle class, Nirmala Sitharaman says no income tax up to Rs 12 lakh

Nirmala Sitharaman Mentions ‘Tax’ 51 Times in Budget Speech

During her presentation of the Union Budget 2025-26, Finance Minister Nirmala Sitharaman prominently mentioned ‘tax’ 51 times, making it a central theme of her speech. TDS/TCS (Tax Deducted at Source/Tax Collected at Source) followed closely with 26 mentions. She also discussed topics such as medical/drugs, reforms, and farmers.
The speech lasted 74 minutes, marking her second-shortest speech so far.

Aparajita Sarangi Calls Budget 2025-26 Holistic, Slams Opposition

BJP MP Aparajita Sarangi praised the Union Budget 2025-26 presented by Finance Minister Nirmala Sitharaman, calling it “full” and “holistic,” emphasizing that it addresses all segments of the population. She also noted that critics would not find any negative aspects in the budget and stressed that the middle class would be pleased with the provisions.

On allegations that the Budget was framed with the upcoming Bihar elections in mind, Sarangi remarked, “The opposition must not criticize any holistic approach just for the sake of criticizing.”

Priyanka Chaturvedi Praises Budget 2025 for Addressing Middle Class

Shiv Sena (UBT) leader Priyanka Chaturvedi praised the Union Budget 2025-26 presented by Finance Minister Nirmala Sitharaman, claiming that the “deaf” government had finally addressed the long-standing concerns of the middle class over the past decade.

She also remarked, “The people of Bihar must be thinking that elections should keep coming because something only happens for Bihar when elections are near.” Her comment referred to the announcements of various projects and initiatives for the state in the Budget.

Abhishek Banerjee Calls Budget 2025 Focused on Bihar, Not Common Man

Trinamool Congress leader Abhishek Banerjee criticized the Union Budget 2025-26, stating that it was rolled out with the upcoming Assembly elections in Bihar in mind. He argued that the budget had nothing to offer to the common man.

He pointed out, “Last year, the focus was on Andhra Pradesh and Bihar. Now that there are no elections in Andhra Pradesh for the next 4.5 years, this budget is centered on Bihar. There is nothing for the common man in it.”

Amit Shah Calls Budget 2025 a Vision of ‘Viksit Bharat’

Amit Shah Calls Budget 2025-26 a Vision of ‘Viksit Bharat’
Union Home Minister Amit Shah lauded the Union Budget 2025-26 presented by Finance Minister Nirmala Sitharaman, calling it the blueprint for the Modi government’s vision of a developed and best India.

In his tweet, Amit Shah highlighted that the budget touches every sector – from farmers, the poor, middle class, women, children’s education, nutrition, and health, to startups, innovation, and investment. He said, “This budget is the roadmap for Modi Ji’s self-reliant India.”

Shah congratulated both Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for presenting this comprehensive and visionary budget, underscoring its potential in steering India toward greater development.

PM Modi Congratulates Nirmala Sitharaman After Budget 2025

After Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26, Prime Minister Narendra Modi walked over to her table to congratulate her for delivering a “good” budget. Modi expressed his appreciation by saying, “Everyone is praising you.”

The praise came in recognition of Sitharaman’s effort in shaping a budget aimed at boosting India’s economic growth and addressing key areas like infrastructure, social welfare, and business reforms. PM Modi’s acknowledgment highlighted the significance of her leadership in presenting a comprehensive and forward-looking budget for the country.

Budget 2025: TDS Rationalisation Announced for Ease of Compliance

Budget 2025: TDS Rationalisation to Ease Compliance Burden
In her Union Budget 2025-26 speech, Finance Minister Nirmala Sitharaman announced the rationalisation of the Tax Deduction at Source (TDS) regime, a move aimed at easing the compliance burden for taxpayers. This reform is especially targeted at the middle class, making the TDS process simpler and less burdensome.

The government’s primary objective is to simplify the TDS system to help taxpayers comply more easily with tax regulations. The new measures are expected to ensure a more transparent and user-friendly system, reducing the complexity often associated with TDS compliance. This move aligns with the government’s broader goal of enhancing taxpayer convenience and promoting a more efficient and accessible tax system.

Sitharaman highlighted that these reforms are in line with the government’s continued focus on income tax reforms, particularly aimed at easing the compliance process for taxpayers across India.

Budget 2025: New Income Tax Bill to be Introduced Next Week

Budget 2025: New Income Tax Bill to Be Announced Next Week
In her Union Budget 2025-26 speech, Finance Minister Nirmala Sitharaman revealed that a new income tax bill would be presented next week. The bill reflects the government’s decade-long efforts to simplify tax compliance and enhance taxpayer convenience.

The new income tax bill is expected to streamline the tax process, reduce complexity, and make it easier for taxpayers to fulfill their obligations. Sitharaman also highlighted the tax department’s approach of “trust first, scrutinize later,” which aims to foster greater trust between the government and taxpayers, prioritizing transparency and ease of compliance while only scrutinizing when absolutely necessary.

Budget 2025: Government to Form High-Level Committee for Reforms

Budget 2025: High-Level Committee for Regulatory Reforms in Non-Financial Sectors
In her Union Budget 2025-26 presentation, Finance Minister Nirmala Sitharaman outlined a major initiative for regulatory reforms in non-financial sectors. The government plans to form a high-level committee tasked with evaluating and recommending reforms across various industries. This move aims to enhance efficiency, attract investment, and align India’s non-financial sectors with global standards. By streamlining regulatory processes, the government intends to reduce barriers to growth, making Indian industries more competitive on the global stage.

Launch of the Investment Friendliness Index
Additionally, Sitharaman announced the launch of the “Investment Friendliness Index” for states. This index will assess states based on their investment climate and identify regions with the most attractive conditions for business development. By recognizing states with optimal environments for investment, the index will encourage healthy competition and provide guidance for areas that need further improvement.

Increased Budget for the Jal Jeevan Mission
In a bid to address India’s water scarcity and improve rural living standards, the Finance Minister also announced an increased budget allocation for the Jal Jeevan Mission. The goal is to provide 100% coverage of piped water supply to rural households across the country. This move is expected to significantly improve access to clean drinking water and contribute to enhanced quality of life in rural areas.

Budget 2025: FDI Limit in Insurance Sector Raised to 100%

In her Union Budget 2025-26 presentation, Finance Minister Nirmala Sitharaman made a landmark announcement by raising the Foreign Direct Investment (FDI) limit in the insurance sector from 74% to 100%. This bold move is expected to bring significant foreign investments into the sector, enhancing its growth potential and strengthening its financial foundation.

Significance of the FDI Increase
The decision to increase the FDI cap is a key measure to attract global investment in India’s insurance industry. This adjustment will particularly benefit insurance companies that are willing to invest their entire premiums in the Indian market. By allowing up to 100% foreign ownership, the government aims to infuse much-needed capital into the sector, thereby improving its capacity to serve the growing insurance needs of the population. This will also make India a more attractive destination for foreign investors, stimulating both competition and innovation within the industry.

Finance Minister Nirmala Sitharaman, while presenting the Union Budget for 2025-26, made a significant announcement for the middle class. She confirmed that taxpayers with annual salaries up to Rs 12 lakh will no longer be required to pay income tax under the new tax regime. This move is expected to bring substantial relief to middle-class taxpayers across the country.

Key Features of the New Tax Regime
Under the new tax framework, individuals earning up to Rs 12 lakh per year will be exempt from paying income tax. This is a major development aimed at providing financial relief to those in the middle-income bracket. By reducing the tax burden on such individuals, the government hopes to increase disposable income, which could lead to higher consumption and a positive impact on the economy as a whole.

Budget 2025: Rs 20,000 Crore Nuclear Mission and Power Sector Reforms

Finance Minister Nirmala Sitharaman, in her Union Budget 2025-26 speech, made a major announcement regarding the country’s nuclear energy future. The government will invest Rs 20,000 crore into the nuclear sector to increase atomic power generation in India. This nuclear mission will focus on the development of five small modular reactors (SMRs) that will be indigenously built. Additionally, the government plans to amend the legal framework to invite private sector participation, facilitating their entry into the nuclear energy market.

Power Sector Reforms and State Incentives
Sitharaman also emphasized the government’s commitment to strengthening the power sector by offering incentives for states undertaking power reforms. She announced that states that make progress in electricity distribution reforms and boost intra-state transmission capacity will be eligible for additional borrowing of up to 0.5% of their Gross State Domestic Product (GSDP). This move is expected to enhance the financial health of electricity companies and improve their operational capacity.

Development of Small Nuclear Reactors
As part of the Rs 20,000 crore nuclear mission, the government will focus on developing small modular reactors in India. These reactors will help meet the country’s growing energy needs by providing a clean and sustainable energy source. By developing these reactors domestically, India will significantly boost its nuclear energy capacity, reducing dependence on fossil fuels and promoting environmental sustainability.

Private Sector Participation in Nuclear Energy
The Finance Minister also mentioned that the government intends to amend existing laws to allow private sector participation in India’s nuclear energy sector. This legal restructuring will encourage private companies to invest in the development and operation of nuclear energy infrastructure, thus accelerating growth in this critical area of India’s energy strategy.

Budget 2025: Mudra Loans for Homestays & 50 Tourist Sites Development

In the Union Budget 2025-26, Finance Minister Nirmala Sitharaman outlined several key initiatives aimed at boosting the tourism sector in India. She announced that the government will partner with state governments to develop the top 50 tourist destinations across the country. These sites, which hold immense cultural, historical, and natural significance, will be enhanced to attract both domestic and international visitors.

Mudra Loans for Homestays
One of the most notable proposals in the Budget was the introduction of Mudra loans for homestay owners. The government will extend affordable financing options to individuals who wish to operate homestays, providing a much-needed boost to the hospitality industry. This move aims to improve the overall tourism infrastructure at the grassroots level, enabling local communities to capitalize on the tourism boom. By supporting small-scale accommodations, the government hopes to provide an authentic experience to tourists while also fostering local entrepreneurship.

Special Focus on Buddha-related Destinations
Additionally, the Finance Minister announced that a special focus will be placed on destinations linked to the life and teachings of Lord Buddha. The government plans to enhance these sites to position India as a prominent hub for religious and spiritual tourism. These destinations will not only attract Buddhist pilgrims but also serve as a major draw for tourists seeking to explore the spiritual and historical significance of India.

Promoting Medical Tourism
To further augment the tourism sector, Sitharaman proposed a comprehensive initiative to promote medical tourism in India. By collaborating with the private sector, the government aims to make India a global destination for medical services. This initiative will attract international patients seeking high-quality, affordable medical treatment, thus contributing to the growth of India’s healthcare industry and boosting its reputation as a leader in medical tourism.

Boosting the Tourism Sector
The measures outlined in the Budget 2025-26 are set to give a significant boost to India’s tourism industry. By focusing on infrastructure development, financial support for small businesses, and promoting niche areas like medical and spiritual tourism, India is poised to strengthen its position as a key global tourism destination. This growth will lead to job creation, investment opportunities, and enhanced cultural exchange, benefiting both the economy and the local communities.

Budget 2025: Rs 1.5 Lakh Crore Interest-Free Loans for States

In her Union Budget 2025-26 speech, Finance Minister Nirmala Sitharaman announced a significant provision of Rs 1.5 lakh crore in interest-free loans for states. This initiative aims to boost infrastructure development across the country by providing long-term financial support to state governments. The loans, to be extended for a period of 50 years, are intended to help states accelerate their infrastructure projects without the burden of interest payments.

Purpose Behind Interest-Free Loans
The primary objective of this loan scheme is to expedite key infrastructure projects in various states, including the development of roads, bridges, water supply systems, and housing. These loans will provide much-needed liquidity for state governments to execute their development agendas efficiently. By alleviating the financial strain, the states will be able to focus on their long-term growth plans, ensuring timely completion of vital projects.

Promoting Balanced State-Level Development
This financial support is crucial for promoting equitable development across all states, especially those that are economically backward. By providing equal opportunities for growth, the initiative aims to reduce regional disparities in infrastructure and services. This move also supports the government’s vision of fostering balanced economic development throughout the country, ensuring that no state is left behind in the march towards progress.

AI Center for Education
Additionally, Finance Minister Sitharaman announced a proposal to establish a Centre of Excellence (CoE) for artificial intelligence in education with a funding of Rs 500 crore. This centre will focus on integrating AI technologies into the education sector, enhancing the quality and effectiveness of teaching and learning. The initiative is expected to revolutionize the educational landscape, making it more data-driven, personalized, and accessible to students across the country.

Budget 2025: Modified UDAN Scheme to Connect 120 Destinations

In her Union Budget 2025-26 speech, Finance Minister Nirmala Sitharaman unveiled a major revision to the UDAN (Ude Desh Ka Aam Naagrik) scheme. This modification aims to connect 120 new destinations, benefiting an additional 4 crore passengers over the next 10 years. This move is in line with the government’s ongoing efforts to enhance air connectivity and make air travel more affordable and accessible across the country.

Importance of the UDAN Scheme
The UDAN scheme, launched in 2016, has been a key initiative for improving regional air connectivity. The objective is to make air travel accessible to the common man and connect underserved regions with major metropolitan cities. This revised version of the UDAN scheme will expand its reach to new destinations, particularly focusing on smaller cities, towns, and remote areas. This expansion will ensure that the benefits of air travel are spread more equitably across the country, boosting accessibility to urban centers.

Economic and Social Impact
The modified UDAN scheme will have far-reaching effects on both the economy and society. By adding new destinations to the network, the initiative is expected to spur economic growth in rural and underserved regions. Increased air connectivity will foster tourism, commerce, and trade in these areas, leading to the growth of local businesses. Additionally, it will promote job creation, particularly in the aviation and hospitality sectors, benefiting both the urban and rural population.

Infusion of Rs 10 Lakh Crore Capital into New Projects
Along with the UDAN scheme, Finance Minister Sitharaman also announced an ambitious plan for asset monetisation, aiming to infuse Rs 10 lakh crore in capital into new projects from 2025 to 2030. This fund will be utilized for expanding and improving the country’s infrastructure, including transport, energy, and other critical sectors. By investing in such key sectors, the government aims to bolster India’s overall economic development and ensure sustainable growth.

Budget 2025: Identity Cards and Registration for 1 Crore Gig Workers

Budget 2025: Identity Cards and e-Shram Portal Registration for 1 Crore Gig Workers
In her Union Budget 2025-26 speech, Finance Minister Nirmala Sitharaman announced that the government will ensure identity cards and registration on the e-Shram portal for 1 crore gig workers. This initiative is aimed at recognizing the critical contribution of gig workers, who are integral to the growing online services economy in India.

Role and Contribution of Gig Workers
Gig workers, who operate via online platforms, have become a vital component of India’s services economy. They contribute to a wide array of industries, from food delivery to digital services, enhancing accessibility and efficiency. By providing these workers with identity cards and ensuring their registration on the e-Shram portal, the government seeks to acknowledge their valuable role and offer them greater security and benefits.

Importance of e-Shram Portal and Identity Cards
The e-Shram portal registration will enable gig workers to access essential social security benefits, including health insurance, pension plans, and other welfare measures. The provision of identity cards will provide these workers with the recognition they deserve, allowing them to claim rights and benefits associated with their work. This initiative will significantly enhance their status and security in the workforce.

Socio-Economic Upliftment Scheme for Urban Workers
In addition to supporting gig workers, Finance Minister Sitharaman also introduced a scheme for the socio-economic upliftment of urban workers. This program will focus on improving working conditions, offering income support, and ensuring social security for urban workers, thus helping them achieve greater financial stability and well-being. This move is aligned with the government’s broader goal of improving the quality of life for India’s working population.

Gig Workers and Economic Growth
The inclusion of gig workers in the formal economic system through identity cards and registration on the e-Shram portal is expected to enhance the dynamism of India’s services economy. By providing these workers with better recognition, social security, and support, the government aims to empower them while contributing to the country’s overall economic growth.

Budget 2025: 5 IITs to Get Additional Infrastructure, Patna Branch Expansion

Budget 2025: 5 IITs to Get Additional Infrastructure, Expansion of IIT Patna
Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2025-26, announced that the central government would be enhancing infrastructure at five Indian Institutes of Technology (IITs) and expanding IIT Patna. These steps are aimed at bolstering India’s technical education sector, increasing opportunities for students, and addressing the growing demand for higher education in the country.

Additional Infrastructure for 5 IITs
As part of the budgetary provisions, the government will be focusing on expanding the infrastructure at five IITs. This expansion will cater to increasing student intake, improve research facilities, and offer better amenities for faculty and students alike. The move is designed to strengthen India’s technological education infrastructure and ensure that these premier institutions continue to provide world-class education and research.

Expansion of IIT Patna
The Budget also proposed the expansion of IIT Patna, a key institution in the state of Bihar. The expansion will increase the number of seats available for students and provide modern facilities to meet the growing demand for technical education. This move will not only benefit students from Bihar but will also attract students from other regions, contributing to the region’s educational development and economic growth.

10,000 New Seats in Medical Colleges
In addition to the advancements in technical education, Finance Minister Sitharaman also announced the addition of 10,000 new seats in medical colleges and hospitals across the country by the next year. This initiative aims to address the growing shortage of medical professionals in India and cater to the increasing demand for healthcare services. Moreover, over the next five years, the government plans to increase medical college seats by a total of 75,000, creating more opportunities for aspiring doctors and healthcare workers.

Significant Steps Towards Education Sector Reform
These announcements reflect a focused effort to improve India’s education system, especially in the fields of technology and healthcare. By increasing infrastructure and educational capacity, the government aims to enhance the quality of education and train a new generation of highly skilled professionals. The focus on IITs and medical colleges is expected to significantly impact the nation‘s workforce and contribute to the economy’s long-term growth.

Bihar Gets a Big Share in Budget 2025: Makhana Board & Airport Expansion

Bihar’s Special Relief in Budget 2025: Makhana Board and Airport Expansion
Finance Minister Nirmala Sitharaman’s Union Budget 2025-26 includes several major announcements for Bihar, including the creation of a Makhana Board, the expansion of Patna airport, and the establishment of a new National Institute of Food Technology, Entrepreneurship, and Management (NIFTEM) in the state. These initiatives are part of a broader infrastructural and agricultural push aimed at strengthening Bihar’s economy, particularly ahead of the upcoming elections in November.

Establishment of the Makhana Board
A key highlight of the Budget for Bihar is the creation of the Makhana Board. Makhana, often referred to as ‘superfood,’ is a significant crop in Bihar, and the board aims to improve the production, processing, value addition, and marketing of this important commodity. With a focus on farmers’ welfare, the Makhana Board will help boost income for farmers and improve the state’s agricultural economy, further establishing Bihar as a key producer of this nutritious food.

Expansion of Patna Airport and New Airport at Bihta
The Budget also includes the expansion of Patna Airport, along with the establishment of a new brownfield airport at Bihta. These infrastructure projects are aimed at improving Bihar’s connectivity, both domestically and internationally. The expansion will increase passenger capacity and attract more flights, while the new airport will help cater to growing demand, boosting the state’s tourism and business opportunities.

National Institute for Food Processing Innovation
The government has proposed setting up a National Institute of Food Technology, Entrepreneurship, and Management (NIFTEM) in Bihar. This institute will focus on enhancing the food processing sector, driving innovation, and creating sustainable jobs in the eastern region. With an emphasis on developing food processing technologies, the institution will further Bihar’s role in India’s agricultural growth and help elevate food processing as a key industry.

A Special Package for Bihar Ahead of Elections
Bihar’s significance in the upcoming elections is not lost on the central government. With the JD(U)-BJP alliance governing the state and elections expected in November, these Budget proposals are seen as a strategic move to address the state’s needs and secure electoral favor. The expansion of infrastructure, combined with targeted agricultural and industrial support, reflects the government’s commitment to Bihar’s growth and development.

Focused Schemes for Footwear, Leather & Toy Sectors in Budget 2025

Focused Schemes for Footwear, Leather & Toy Sectors in Union Budget 2025
In her Union Budget 2025-26 speech, Finance Minister Nirmala Sitharaman announced focused schemes for the footwear and leather sectors, while also outlining measures to position India as a global toy manufacturing hub. These initiatives aim to bolster manufacturing capabilities, improve competitiveness, and drive employment growth within these industries.

Dedicated Scheme for Footwear and Leather Industry
The government will launch a special scheme for the footwear and leather sectors, aimed at increasing their production capacities and making them globally competitive. This scheme will support the adoption of new technologies, skill development, and market access to enhance India’s presence in global supply chains. By focusing on the footwear and leather industries, India can improve its position as a leading exporter of leather goods and footwear worldwide.

Mission to Make India a Global Toy Manufacturing Hub
India is set to become a major player in the global toy industry, with the government launching a dedicated mission for toy manufacturing. The mission will encourage innovation, design, and quality standards in the production of toys. This initiative is expected to significantly boost India’s toy exports, create employment opportunities, and foster a thriving domestic industry. Through this mission, the government aims to tap into the growing global demand for high-quality, affordable toys manufactured in India.

Mission to Support Clean Technology Manufacturing
In alignment with its sustainability goals, the government will also launch a mission focused on clean technology manufacturing. This mission will promote the adoption of environmentally friendly practices and technologies in the manufacturing sector, supporting industries in reducing their carbon footprints. By encouraging innovation in clean technologies, the government aims to foster a green, sustainable manufacturing ecosystem in India.

Investing in People, Innovation, and the Economy
Finance Minister Nirmala Sitharaman emphasized that the government’s investment strategy is focused on three key engines: people, innovation, and the economy. By investing in these areas, India aims to unlock new avenues of growth, create jobs, and enhance economic stability. This holistic approach will drive both short-term and long-term growth, contributing to India’s vision of becoming a global economic powerhouse.

Rs 1 Lakh Crore Urban Challenge Fund to Transform Cities

Rs 1 Lakh Crore Urban Challenge Fund to Transform Cities into Growth Hubs
In her Union Budget 2025-26 speech, Finance Minister Nirmala Sitharaman announced the establishment of the Rs 1 lakh crore Urban Challenge Fund. This fund aims to drive the transformation of cities into dynamic growth hubs, focusing on creative redevelopment and improvements to water and sanitation infrastructure. The initiative is aligned with the government’s long-term vision for urban growth and seeks to enhance the overall quality of life in urban areas across India.

Key Objectives and Funding Structure
The Urban Challenge Fund will support bankable projects designed to promote urban development. The government will finance up to 25% of the total project cost, with the remaining 50% or more of the funding to be sourced from bonds, bank loans, or public-private partnerships (PPP). To kickstart this ambitious initiative, an initial allocation of Rs 10,000 crore has been proposed for the fiscal year 2025-26. This initial funding will help begin the process of transforming cities and modernizing their infrastructure.

Urban Redevelopment and Sanitation Improvements
A major aspect of the Urban Challenge Fund will be focused on urban redevelopment, with an emphasis on improving water supply and sanitation systems. The fund will help cities address their infrastructure gaps by supporting innovative projects that aim to modernize public utilities, waste management systems, and urban mobility solutions. The goal is to create cities that are not only more efficient but also provide higher living standards for their residents.

Transforming Cities into Growth Hubs
This initiative will play a pivotal role in turning cities into vibrant economic growth hubs, fostering innovation, and attracting investment. By upgrading urban infrastructure, the government aims to facilitate greater economic activities, create job opportunities, and enhance the competitiveness of Indian cities on the global stage. Additionally, the focus on water and sanitation improvements will contribute to better health outcomes and environmental sustainability.

Broadband Connectivity to be Provided in All Govt Schools

Broadband Connectivity for Government Schools and Healthcare Centers
In her Union Budget 2025-26 speech, Finance Minister Nirmala Sitharaman announced a transformative initiative to provide broadband connectivity to all government secondary schools and primary healthcare centers. This initiative is aimed at improving access to education and healthcare services, especially in remote areas, and will significantly enhance the digital infrastructure across the country.

Importance of Broadband Connectivity
The provision of broadband connectivity will enable government schools to implement digital classrooms, online learning, and access to various educational resources. This move will help bridge the educational gap, particularly in rural areas, by making quality education more accessible. Additionally, primary healthcare centers will benefit from broadband connectivity, allowing doctors to offer remote consultations and improving healthcare delivery in underserved areas.

Digital Connectivity in Remote Areas
The government’s decision to extend broadband connectivity to rural and remote regions is a major step toward ensuring digital inclusion. By bringing the internet to areas with limited access to technology, this initiative will provide rural communities with better access to essential services like education and healthcare. It will also empower citizens in these areas to utilize government services and schemes online, ensuring that no one is left behind in the digital age.

Transforming Education and Healthcare through Digital Infrastructure
This initiative will bring about a significant transformation in India’s education and healthcare sectors. With broadband access, students in remote areas will be able to access high-quality online education, while healthcare workers will be able to provide better services through telemedicine. This plan will not only improve infrastructure in these sectors but also help reduce the digital divide between rural and urban areas in India.

Rs 10,000 Crore Fund for Startups and Loan Scheme for Women

Rs 10,000 Crore Fund for Startups and Loan Scheme for Entrepreneurs
In her Union Budget 2025-26 speech, Finance Minister Nirmala Sitharaman introduced a game-changing initiative aimed at boosting the startup ecosystem in India. She announced the creation of a Rs 10,000 crore “Fund of Funds” for startups, aimed at providing financial support to innovative and high-potential businesses across the country. Additionally, the government revealed a new loan scheme, offering Rs 2 crore term loans to first-time women, SC, and ST entrepreneurs.

Fund of Funds for Startups:
The Fund of Funds initiative is a significant step towards supporting the startup ecosystem in India. By contributing Rs 10,000 crore to this fund, the government aims to provide startups with the financial resources they need for research, development, marketing, and technology investments. The fund will help ease the challenges that many startups face in securing capital and will help them scale and expand their businesses. This initiative also seeks to attract more investment into Indian startups, enabling them to compete on the global stage.

Loan Scheme for Women, SC, and ST Entrepreneurs:
As part of the government’s commitment to inclusive growth, Sitharaman also announced a loan scheme designed to help first-time women, SC, and ST entrepreneurs. The government will provide Rs 2 crore term loans to help these entrepreneurs establish and grow their businesses. This financial support will empower them to overcome the barriers to entry and expand their business ventures. The initiative is expected to be a game-changer for women and marginalized communities, providing them with the capital needed to build a more secure financial future.

Empowering Marginalized Communities and Boosting Startup Ecosystem:
These initiatives aim to foster greater inclusivity within the startup ecosystem and enable women and underrepresented communities to contribute to India’s economic growth. By offering loans and financial support, the government is not only empowering individuals but also boosting the overall entrepreneurial landscape. These steps align with the government’s vision of creating a more robust, diverse, and dynamic economy through the promotion of startups across all sectors.

National Mission for High Yielding Seeds and Cotton Production

National Mission for High Yielding Seeds and Cotton Production
In her Union Budget 2025-26 speech, Finance Minister Nirmala Sitharaman unveiled a national mission aimed at promoting high yielding seeds. This mission is expected to significantly boost agricultural productivity in India by providing farmers with access to superior quality seeds. Furthermore, she announced a five-year plan to increase cotton production in India, a move that will have a far-reaching impact on both the domestic agricultural landscape and global cotton markets.

National Mission: High Yielding Seeds to Boost Productivity
The national mission for high yielding seeds aims to revolutionize Indian agriculture by ensuring that farmers have access to better seeds that can yield higher productivity. By providing superior quality seeds, the mission will help reduce crop failures, lower input costs, and improve the overall quality of farm produce. This initiative will play a crucial role in enhancing food security and increasing farmers’ income across India.

Five-Year Mission to Promote Cotton Production
The government is also launching a focused five-year mission to boost cotton production. Cotton is one of the major crops grown in India, and its production plays a vital role in the country’s economy. The five-year plan will introduce advanced agricultural practices, cutting-edge research, and efficient irrigation techniques to improve cotton yields. Additionally, the mission will ensure that Indian cotton farmers are equipped with the latest knowledge and tools, enabling them to compete effectively in both domestic and international markets.

Strengthening India’s Agricultural Sector
These two initiatives—high yielding seeds and the cotton production mission—are key to strengthening India’s agricultural sector. They will ensure that farmers are equipped with the necessary resources and training to improve their productivity and profitability. By investing in technology, research, and modern farming practices, these missions will contribute to the overall growth of the agricultural industry in India and enhance its global competitiveness.

Bihar to Establish Makhana Board for Better Production

Bihar to Establish Makhana Board to Improve Production
Finance Minister Nirmala Sitharaman, during her Union Budget 2025-26 speech, announced that a Makhana Board will be established in Bihar. This initiative aims to enhance the production, processing, value addition, and marketing of makhana (fox nut), a key agricultural product predominantly cultivated in Bihar. Makhana has seen growing demand in both domestic and international markets, and the creation of this board is expected to further boost its reach and economic impact.

Improvement in Production and Processing:
The Makhana Board will provide crucial support to producers, offering technology, training, and hand-holding services to improve their production and processing capacities. The board will also work towards organizing farmers into Farmer Producer Organizations (FPOs), allowing them to pool resources and increase their market power. By streamlining the production process and offering better resources, the board aims to enhance the overall efficiency of the makhana sector in Bihar.

Value Addition and Marketing Opportunities:
A major focus of the Makhana Board will be on value addition and marketing. The board will train farmers on advanced techniques to improve the quality and productivity of their crops. This will enable them to produce high-quality makhana for both domestic and export markets. Additionally, the board will work to strengthen marketing strategies, ensuring that makhana reaches a broader audience and generates greater economic returns for the farmers.

Access to Government Schemes:
The Makhana Board will also act as a facilitator for farmers to access various government schemes. By linking farmers to relevant subsidies, loans, and assistance programs, the board will ensure that they are equipped to expand their businesses. This will improve the financial security of makhana producers and help them compete in a rapidly evolving agricultural market.

Special Opportunity for Bihar:
Sitharaman emphasized that this initiative is a unique opportunity for Bihar, a state that is a leading producer of makhana. The Makhana Board will not only enhance the livelihoods of farmers but also strengthen the agricultural economy of Bihar. With better support systems in place, Bihar’s makhana industry can continue to grow and contribute significantly to the state and national economy.

Government to Introduce Framework for Fisheries Harvesting

Government to Introduce Framework for Fisheries Harvesting in EEZs
In her Union Budget 2025-26 speech, Finance Minister Nirmala Sitharaman announced that the government will introduce an enabling framework to sustain the harvest of the fisheries sector in exclusive economic zones (EEZs) and high seas. This framework aims to ensure the sustainable use of marine resources, while also fostering the growth of India’s fisheries industry. The initiative will play a crucial role in promoting sustainable fishing practices and safeguarding the health of marine ecosystems.

Fisheries in Exclusive Economic Zones (EEZs):
Sitharaman emphasized that the development of the fisheries sector, particularly within India’s EEZs, is vital for the country’s economic growth. The new framework will focus on resource management and conservation, ensuring that fisheries are harvested sustainably within these zones. This will empower the fisheries industry and increase the availability of seafood, which is crucial for both domestic consumption and export markets.

Expansion of Fisheries in High Seas:
Additionally, steps will be taken to extend fisheries harvesting into the high seas, which present vast untapped potential for increasing fish production. This move will benefit the Indian fisheries sector by expanding the areas available for fishing, as well as creating new employment opportunities within the sector. By tapping into the high seas, India can enhance its fisheries output and strengthen its position in global seafood markets.

Make in India Program Support:
As part of the budget, Sitharaman also announced a new manufacturing mission to further the Make in India program. The mission will provide policy support to small, medium, and large industries, helping them scale up their production and increase their competitiveness. This initiative will provide a detailed framework for supporting industries, making Indian products more competitive in the global market.

Contributing to Economic Growth:
The introduction of the fisheries framework and the expansion of the Make in India program will contribute significantly to India’s economic growth. These initiatives will not only create new job opportunities but also enhance the competitiveness of Indian industries on the global stage. By developing both the fisheries sector and manufacturing industries, the government aims to strengthen India’s economy and promote sustainable growth.

India Post to Transform into Public Logistics Organization

India Post to Transform into a Large Public Logistics Organization
In the Union Budget 2025-26, Finance Minister Nirmala Sitharaman announced a major transformation for India Post, turning it into a large public logistics organization. The plan includes integrating 1.5 lakh rural post offices into this network, which will act as catalysts for the rural economy. This move is aimed at revitalizing rural areas by providing better logistical and economic services through the extensive postal network.

Contributing to Rural Economy:
This transformation of India Post will significantly impact rural India by providing improved logistics services for farmers, traders, and small entrepreneurs. The rural post offices will be empowered to serve as hubs for transportation, distribution, and logistics services. This change is expected to create more jobs and facilitate smoother trade and commerce in rural regions, fostering a more robust rural economy.

Expansion and Utility of India Post:
India Post, traditionally known for mail services, will now operate as a multi-functional logistics and service provider. Besides traditional postal services, the network will include payment bank services, insurance, financial services, and more. This transformation will increase the utility of India Post, making it a comprehensive service network that reaches even the most remote parts of the country.

Strategic Development and Growth:
The government’s strategic development of India Post will focus on integrating digital and logistical services across the postal network. This will not only improve rural infrastructure but also enhance the speed and efficiency of services. The rural areas will benefit from better connectivity, which will spur economic growth and development in these regions.

Impact on India’s Economic Growth:
The transformation of India Post into a large public logistics organization will have far-reaching impacts on India’s economy. It will not only promote rural development but also open up new markets for small and medium enterprises. By improving logistics and connecting remote areas, the initiative will help create a more inclusive and stronger economy in India, further contributing to the country’s overall growth.

MSME Credit Guarantee Cover Increased to Rs 10 Crore

MSME Credit Guarantee Cover Enhanced to Rs 10 Crore
In her Union Budget 2025-26 speech, Finance Minister Nirmala Sitharaman announced a significant increase in the MSME credit guarantee cover from Rs 5 crore to Rs 10 crore. This measure aims to provide enhanced financial support to micro, small, and medium enterprises (MSMEs) across the country, enabling them to access more credit. With this change, MSMEs will be able to access additional funds totaling Rs 1.5 lakh crore over the next five years, which will boost their growth and operational capacity.

Benefits for MSMEs:
Sitharaman highlighted the importance of MSMEs in India’s economy, noting that they account for 45% of the country’s exports. By increasing credit access, the government intends to support the growth of this sector, helping businesses scale and improve their competitiveness. The new credit guarantee cover will make it easier for MSMEs to secure loans and financing, ensuring they can meet their operational needs and expand their business activities.

Increased Loan Limits under Kisan Credit Card:
In addition to the MSME credit guarantee cover, Sitharaman also announced an increase in the loan limit under the Kisan Credit Card (KCC) scheme. The limit will rise from Rs 3 lakh to Rs 5 lakh. This change is designed to provide farmers with greater access to financial resources, allowing them to invest in their agricultural activities more effectively. The KCC has already facilitated loans for over 7.07 crore farmers, and the increase in the loan limit will benefit even more farmers across the country.

Customized Credit Cards for Micro Enterprises:
The government will also introduce customized credit cards for micro enterprises with a Rs 5 lakh limit. This move is aimed at providing smaller businesses with easier access to credit. Many micro enterprises face challenges in securing financing, and this new initiative will help bridge that gap by offering tailored financial solutions that meet the specific needs of these small businesses.

Economic Growth and Employment Creation:
Increasing credit access to MSMEs is expected to contribute significantly to India’s economic growth. As MSMEs expand and access more financial resources, they will be able to create more jobs and contribute to the country’s GDP. The MSME sector plays a critical role in employment generation, and by supporting their financial needs, the government aims to promote sustainable growth and economic stability.

Long-Term Impact on India’s Economy:
Sitharaman’s announcement is part of a broader strategy to empower the MSME sector and strengthen the Indian economy. By ensuring that MSMEs have the financial tools they need to thrive, the government is laying the foundation for long-term growth and resilience in the sector. This initiative will also foster innovation, enhance productivity, and improve the overall competitiveness of Indian businesses on the global stage.

Comprehensive Programme to Boost Vegetable, Fruit Production Announced

Comprehensive Programme for Increasing Vegetable and Fruit Production Announced
In her presentation of the Union Budget 2025-26, Finance Minister Nirmala Sitharaman unveiled a comprehensive programme aimed at boosting the production of vegetables and fruits in India. The initiative is designed to enhance domestic agricultural production and ensure that farmers receive remunerative prices for their produce. By focusing on increasing vegetable and fruit production, the government aims to address food security concerns and strengthen the agricultural sector in India.

Objectives of the Programme:
Sitharaman emphasized that the programme’s primary objective is to diversify agricultural production. Farmers will be encouraged to grow a variety of crops, particularly vegetables and fruits, instead of relying solely on traditional crops. The programme aims to enhance both the quantity and quality of these agricultural products. By improving the production of vegetables and fruits, the government seeks to ensure better income for farmers while also contributing to the nation’s food security.

Farmer-Friendly Initiatives:
The programme will include various measures to support farmers. These initiatives will focus on improving the quality of agricultural products through training, promoting the use of advanced technologies, and enhancing crop protection. Additionally, the programme will provide farmers with access to high-quality seeds and fertilizers to boost productivity. This support will help farmers maximize their yields, improve their profitability, and contribute to the overall growth of India’s agricultural sector.

Growth and Stability in the Agriculture Sector:
The increase in vegetable and fruit production will lead to greater stability in India’s agriculture sector. With increased domestic supply, food prices will become more stable, benefiting both consumers and producers. Furthermore, this initiative will open new opportunities for India to become a major exporter of fruits and vegetables, increasing demand for Indian agricultural products globally.

Long-Term Vision for Indian Agriculture:
Sitharaman highlighted the long-term benefits of this comprehensive programme. The initiative is not just aimed at short-term growth but is a part of a broader strategy to make Indian agriculture self-sufficient and globally competitive. By supporting farmers with the tools and knowledge needed for sustainable farming, the government is paving the way for the agricultural sector to thrive for years to come. This programme will play a pivotal role in contributing to India’s economic growth and development, creating a robust agricultural economy.

Nirmala Sitharaman Announces 6-Year Mission for Pulse Self-Reliance

Nirmala Sitharaman Announces Six-Year Mission to Achieve ‘Atmanirbharta’ in Pulses
In her Union Budget 2025-26 speech, Finance Minister Nirmala Sitharaman announced a six-year mission aimed at achieving self-reliance (atmanirbharta) in pulses. This mission aims to end India’s reliance on imports for pulses by increasing domestic production over the next six years. By focusing on self-sufficiency, the government intends to address food security, ensure steady supply, and enhance the livelihoods of farmers. This initiative is expected to provide a boost to India’s agriculture sector while promoting economic sustainability.

Steps Toward Self-Reliance in Pulses:
Sitharaman highlighted several measures to increase pulse production and make India self-reliant in this essential food crop. The government will focus on providing financial and technical assistance to farmers to encourage pulse cultivation. Key measures will include improving seed quality, expanding irrigation facilities, and optimizing fertilizer distribution. These steps will not only increase the volume of pulses produced but also improve their quality.

Benefits for Farmers:
Farmers stand to gain the most from this initiative, as they will have access to better support for pulse cultivation. India’s dependence on foreign imports of pulses often leads to price fluctuations, affecting farmers’ incomes. By ensuring domestic production, this initiative will stabilize prices and ensure farmers receive a fair value for their crops. Additionally, the increased production will contribute to higher incomes for farmers, improving their standard of living.

Global Impact of the Mission:
The six-year mission also has the potential to bolster India’s position as a major player in the global pulse market. As the country moves toward self-sufficiency, it could become one of the world’s leading exporters of pulses. This would not only benefit India’s agricultural economy but also contribute to global food security by increasing supply in international markets.

Other Agricultural Initiatives in the Budget:
In addition to the pulse self-reliance mission, Sitharaman announced several other agricultural reforms in the 2025-26 Budget. These include enhanced loan facilities for farmers, the promotion of agricultural technologies, and the allocation of funds for infrastructure development. These initiatives aim to support farmers’ growth, improve agricultural practices, and strengthen the agricultural economy.

Long-Term Vision for Indian Agriculture:
The six-year pulse self-reliance mission is part of a larger, long-term strategy for India’s agricultural sector. It not only addresses the current challenges of food security but also sets the stage for a stronger, more resilient agricultural system in the future. With consistent government support, the pulse sector is poised for significant growth, providing farmers with the opportunity to thrive and contribute to the nation’s overall progress.

India’s Economic Growth Draws Global Attention: Nirmala Sitharaman

India’s Economic Growth Draws Global Attention: Nirmala Sitharaman
In her presentation of the Union Budget 2025-26, Finance Minister Nirmala Sitharaman emphasized that India’s economy is currently the fastest-growing among all major economies. This remarkable growth has caught the attention of the global community. Over the past decade, India has implemented several structural reforms that have played a significant role in enhancing its economic potential. Sitharaman expressed confidence that the coming years will present a unique opportunity for India to achieve comprehensive growth, benefiting all regions and communities.

India’s Development Journey:
Finance Minister Sitharaman reflected on India’s economic journey over the past decade. She mentioned how reforms such as Digital India, Make in India, and the introduction of the Goods and Services Tax (GST) have transformed India’s economic landscape. These steps have not only modernized the country’s infrastructure but also made it more competitive on the global stage. The continuous strides towards economic growth and structural reforms have drawn global attention to India’s rising potential.

Global Attention on India’s Economic Growth:
According to Sitharaman, India’s economic growth has garnered significant global attention, as it is now recognized as the fastest-growing major economy. This shift in global perception underscores India’s increasing role in the international economic arena. The country’s rapid growth has made it an attractive destination for foreign investments, and international businesses are eager to tap into the Indian market.

The Next Five Years as a Unique Opportunity:
Sitharaman outlined the upcoming five years as a critical period for India, where the country has a unique opportunity to ensure balanced and inclusive growth across all regions. She highlighted that under Prime Minister Narendra Modi’s leadership, India is poised to accelerate its development efforts. The government aims to foster equal development opportunities for all states and communities, ensuring that every citizen benefits from the economic progress.

Challenges and Opportunities for India’s Growth:
While acknowledging India’s growth, Sitharaman also addressed the challenges ahead. These include generating adequate employment, promoting financial inclusion, and reforming the agricultural sector. The government is working on policies and strategies to address these challenges while ensuring that growth remains inclusive and sustainable.

Long-Term Vision for India’s Economy:
Sitharaman concluded by reiterating the long-term vision of the Union Budget, which is to position India as a global economic leader. The government’s ongoing reforms and initiatives will continue to stimulate economic growth, expand opportunities, and help build a more resilient economy. Through this holistic approach, India aims to solidify its place on the global economic map, leading the way toward a prosperous future.

Nirmala Sitharaman Presents GYAN-Based Budget for 2025-26

Nirmala Sitharaman Introduces GYAN-Based Budget for 2025-26
Finance Minister Nirmala Sitharaman presented the Union Budget for 2025-26, focusing on the acronym GYAN, which stands for Garib (Poor), Yuva (Youth), Annadata (Farmers), and Nari Shakti (Women’s Empowerment). This budget, as stated by the Finance Minister, targets the welfare of these four crucial segments of society. Through GYAN, the government has outlined its commitment to addressing the aspirations and needs of the most marginalized groups in India.

The Importance of GYAN:
Sitharaman introduced the GYAN concept to outline the government’s priorities in the 2025-26 budget. Each component of GYAN represents a key sector of focus:

• Garib (Poor): Measures to uplift the poor include increased financial aid, social welfare schemes, and provisions for healthcare and education.
• Yuva (Youth): The budget emphasizes youth empowerment by focusing on job creation, skill development, and increased access to education.
• Annadata (Farmers): For farmers, the budget proposes financial assistance, crop insurance schemes, and relief packages.
• Nari Shakti (Women’s Empowerment): Women’s empowerment will be a priority, with initiatives to promote female entrepreneurship, job opportunities, and safety.

Middle Class and Infrastructure Focus:
Sitharaman highlighted the government’s focus on the rising middle class, with plans to provide tax relief and financial assistance to improve their quality of life. Infrastructure development is also a top priority in the budget, with substantial investments in transport, housing, and smart city projects. These investments are intended to create a sustainable, robust infrastructure system to support India’s growth trajectory.

Support for Farmers:
Farmers remain a priority in the Union Budget for 2025-26, with significant provisions aimed at improving agricultural productivity and ensuring better financial stability for farmers. The government’s plans include extending the scope of crop insurance schemes and increasing the financial aid available to the agricultural sector.

Empowering Women:
Women’s empowerment is a cornerstone of this budget. Nirmala Sitharaman announced new policies to support female entrepreneurship, job creation, and gender equality. These measures aim to provide women with the tools and opportunities to thrive in the business world and beyond.

Long-Term Vision of the Budget:
The 2025-26 budget adopts a long-term approach for India’s growth and development. By focusing on GYAN, it sets the foundation for a prosperous and inclusive future. The budget is not just about addressing current needs, but about securing a stronger, more resilient India in the coming decades.

Nirmala Sitharaman Presents Union Budget for Record Eighth Time

Nirmala Sitharaman Presents Union Budget for the Record Eighth Time
In a historic moment for Indian politics, Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year 2025-26 in the Lok Sabha. This marked her record eighth time presenting the budget, making her the longest-serving finance minister in recent history to do so. The budget, which aims to stabilize and enhance India’s economic growth, brings forward key proposals to strengthen various sectors of the economy.

Nirmala Sitharaman’s Remarkable Journey:
Nirmala Sitharaman first took office as the Finance Minister in 2019, and since then, she has become a prominent figure in India’s economic landscape. Her consistency in presenting the Union Budget over eight years reflects her expertise and commitment to the country’s financial stability. As a female finance minister, she has set a significant precedent, playing a pivotal role in shaping India’s economic future.

Key Proposals in the 2025 Budget:
The Union Budget for 2025-26 is crafted with a focus on sustainability and growth. Among the major proposals are increased investments in sectors such as agriculture, education, healthcare, and science. The budget emphasizes improving the livelihoods of farmers, providing new employment opportunities for women, and offering skill development programs for the youth. The government aims to enhance India’s economic resilience and growth rate through these initiatives.

Agriculture Sector Reforms:
The agriculture sector, which plays a crucial role in India’s economy, has received significant attention in the 2025 budget. Key measures include expanding the Kisan Credit Card scheme and boosting agricultural industries. Financial support packages and relief measures for farmers have also been introduced, aiming to uplift the agricultural community.

Initiatives for Women and Youth:
The budget has outlined new initiatives to empower women and youth. For women, there are enhanced entrepreneurial schemes, while the youth will benefit from increased employment opportunities and skill-building programs. The government has also proposed initiatives to train young people for self-employment, helping them contribute to India’s growing economy.

Long-term Economic Vision:
While addressing immediate concerns, the 2025 Union Budget also sets a clear roadmap for long-term economic stability. Finance Minister Nirmala Sitharaman emphasized the need for policies that support sustained growth, create job opportunities, and uplift all sections of society. The budget positions India on a path toward stronger economic growth and prosperity.

PM Modi’s Statement: Budget 2025-26 for the Common Man

PM Modi’s Statement: Union Budget 2025-26 is for the Common Man
Ahead of the Finance Minister Nirmala Sitharaman’s presentation of the Union Budget for the financial year 2025-26, Prime Minister Narendra Modi highlighted that this year’s budget is designed to benefit the common people. According to sources, PM Modi stated that the budget caters to the needs of farmers, the poor, women, and young people, focusing on their aspirations for a better future. This reflects the government’s commitment to uplift these crucial segments of society.

Key Highlights of the Budget:
The Union Budget for 2025-26 is structured with a holistic approach to address the diverse needs of the Indian population. The focus is particularly on farmers, women, the poor, and youth, with significant investments in schemes aimed at improving their quality of life. According to PM Modi, the budget aims to provide support to these groups, ensuring that economic growth benefits all sections of society equally. This is seen as a major step toward inclusive development.

Support for Farmers:
A major aspect of the 2025 budget is its focus on farmers, with the government unveiling new schemes to ensure financial support and a transparent procurement system for agricultural products. In addition, the government plans to extend the crop insurance scheme, helping farmers manage the risks associated with agriculture. This will provide much-needed relief to the agricultural community and improve their standard of living.

Empowering Women and Youth:
The budget also outlines several initiatives for women and youth, including new self-employment schemes for women and measures to enhance employment opportunities for the younger population. The government is keen to focus on skill development and creating new industries that can offer jobs to millions of young Indians, which is crucial for the country’s future economic growth.

Ensuring Security for the Poor:
The 2025 budget also includes provisions aimed at securing the future of the poor. The government has committed to enhancing social security schemes, ensuring that economically disadvantaged individuals have access to basic services and improved living standards. These initiatives are expected to reduce poverty and provide a safety net for the most vulnerable sections of society.

Budget’s Role in Economic Growth:
While addressing immediate needs, the Union Budget for 2025-26 is also designed to ensure long-term economic stability. Experts believe that the measures introduced will not only stimulate economic growth in the short term but also pave the way for sustainable development in the future. The budget is seen as a crucial step toward a stronger, more resilient Indian economy that can weather global challenges while improving the lives of its citizens.

Rising Middle Class, Growth, and Investment Focused in Budget 2025

Budget 2025: A Step Towards Growth and Prosperity On Saturday, Finance Minister Nirmala Sitharaman presented Budget 2025, with a focus on increasing the spending power of India’s rising middle class. The budget aims to bolster economic growth by ensuring that the middle class can afford to spend more. The government plans to implement reforms across six crucial sectors: taxation, energy, urban development, mining, the financial sector, and regulatory reforms.

Empowering the Middle Class The primary goal of the 2025 budget is to empower the middle class. By enhancing their spending power, the government aims to drive domestic consumption, contributing to the country’s economic growth. This move is expected to stabilize and strengthen India’s economy, ensuring a brighter future for the nation’s middle-income families.

Reforms Across Key Sectors The budget proposes a revamp in the taxation system, making it simpler for both individuals and businesses. The energy sector will see increased investment, promoting sustainable energy sources. Urban development initiatives will address the challenges faced by growing cities, while the mining sector will undergo modernization to improve efficiency. Furthermore, financial sector reforms will increase transparency, attracting both domestic and foreign investments.

Investment Opportunities Nirmala Sitharaman also highlighted new investment opportunities that would emerge as a result of these reforms. By making India a more attractive destination for global investors, the government intends to establish the nation as a hub for investment. This strategic move will not only boost domestic markets but also strengthen India’s position on the global financial map.

Who’s behind Budget 2025? Meet the Team Shaping India’s Fiscal Future

Budget 2025: A Critical Turning Point

The Union Budget 2025, scheduled for presentation by Finance Minister Nirmala Sitharaman on February 1, will outline key policies impacting taxation, public expenditure, and economic growth. This budget is significant as it comes during a period when India’s economy faces signs of slowdown. The team behind this budget plays a crucial role in drafting policies that aim to ensure economic stability and growth, while responding to various demands from different sectors.

Finance and Revenue Secretary: Tuhin Kanta Pandey

Tuhin Kanta Pandey, a 1987-batch Odisha cadre IAS officer, serves as the Finance and Revenue Secretary and is central to India’s revenue mobilization strategy. He has the responsibility of managing the revenue collection process through taxes, while also addressing calls for tax cuts and incentives. Pandey previously served as Secretary of the Department of Investment and Public Asset Management (DIPAM), where he led the government’s disinvestment efforts. With the budget nearing, he is tasked with overseeing the proposed revamp of the income tax laws that might be introduced in the upcoming fiscal year.

Chief Economic Adviser: V Anantha Nageswaran

V Anantha Nageswaran, India’s Chief Economic Adviser, holds an essential role in drafting the Economic Survey, which provides insights into the economic conditions and offers policy suggestions. A graduate of IIM Ahmedabad, with a doctorate from the University of Massachusetts, Nageswaran brings both academic and financial market expertise to his role. His upcoming Economic Survey is expected to focus on driving private investment, supporting entrepreneurship, and preparing India for growth despite global financial uncertainties.

Secretary, Department of Expenditure: Manoj Govil

Manoj Govil, a 1991-batch IAS officer from Madhya Pradesh, is responsible for managing the government’s public expenditure. Before taking charge of this department, he served as the Secretary of the Ministry of Corporate Affairs. Govil’s role involves subsidy rationalization, efficient fund allocation for centrally sponsored schemes, and ensuring that spending aligns with revenue targets. His focus on efficient public expenditure is key to maintaining fiscal discipline.

Secretary, Department of Economic Affairs: Ajay Seth

Ajay Seth, heading the Department of Economic Affairs, oversees the preparation of the budget documents and ensures macroeconomic stability. His department is involved in balancing fiscal consolidation with economic growth. As the government moves toward a debt target under its fiscal framework, Seth’s team will work on policies to ensure economic stability amid changing global financial conditions. His role is vital in shaping India’s fiscal future.

Secretary, Department of Financial Services: M Nagaraju

M Nagaraju, a 1993-batch IAS officer, heads the Department of Financial Services and plays a crucial role in ensuring the smooth flow of credit and regulating fintech companies. His work supports the growth of India’s banking and financial services sector, with a focus on financial inclusion. Nagaraju’s experience in opening up the coal sector to private players previously will now help him shape the future of India’s financial services sector.

The Story Behind Nirmala Sitharaman’s Saree

A Special Saree for Budget Day

On Budget Day 2025, Finance Minister Nirmala Sitharaman wore a white saree with a dull gold border featuring intricate black Madhubani art. This saree was gifted by Dulari Devi, a celebrated Madhubani artist from Bihar.

Who is Dulari Devi?

Dulari Devi, a Padma Shri awardee in 2021, is renowned for her expertise in two major styles of Madhubani painting:
✅ ‘Kachni’ (line sketching)
✅ ‘Bharni’ (colored painting)

She had personally requested Sitharaman to wear this saree while presenting the Union Budget 2025.

Sitharaman’s Love for Handloom Sarees

Nirmala Sitharaman has always made a statement by wearing traditional handloom sarees on Budget Day:
✅ 2019: A pink Mangalgiri saree from Andhra Pradesh.
✅ 2020: A bright yellow saree, symbolizing new beginnings and prosperity.
✅ 2021: An off-white Pochampally saree from Telangana, known for its geometric patterns.

A Tribute to India’s Cultural Heritage

Her choice of sarees is not just a fashion statement; it is a strong message of support for India’s rich handloom industry and indigenous art forms. By wearing these traditional weaves, Sitharaman brings national and global attention to the craftsmanship of Indian artisans.

Will Middle Class Get Tax Relief?

Budget 2025: Expected Tax Reforms and Economic Schemes

Ahead of the Budget 2025 announcement, Prime Minister Narendra Modi highlighted the importance of economic support for the middle class, poor, and women. The upcoming budget is expected to introduce tax relief and new welfare programs.

New Tax Policy for the Middle Class

According to sources, the government may introduce:
✅ A 25% tax rate for income between ₹15-18 lakh.
✅ A 30% tax rate for income above ₹18 lakh.
✅ An increase in the basic exemption limit from ₹3 lakh to ₹5 lakh.
✅ Tax exemption for individual contributions to the National Pension Scheme (NPS).

Expansion of Pradhan Mantri Awas Yojana

President Droupadi Murmu announced an expansion of the Pradhan Mantri Awas Yojana (PMAY) to benefit an additional three crore families. The scheme provides affordable housing for the economically weaker section (EWS), lower income group (LIG), and middle-income group I (MIG-I).

Women Empowerment Schemes in Budget 2025

PM Modi’s speech also hinted at new initiatives for women. Budget 2025 is likely to introduce targeted welfare programs to enhance women‘s financial and social empowerment.

What Budget 2025 Means for Citizens

If these proposed tax changes and welfare measures are implemented, they could provide much-needed relief to the middle class, poor, and women. With reduced tax burdens and increased financial support, the economy may see a rise in consumer spending and overall growth.