Nirmala Sitharaman, India’s Finance Minister, presented the Union Budget 2025 on February 1st, 2025. Here are the top 10 updates:
- Income Tax Relief: No income tax for income up to Rs 12 lakh under the new tax regime. Significant relief for the middle class.
- Revised Tax Slabs: New income tax slabs introduced with lower rates for different income levels.
- Focus on MSMEs: Schemes and initiatives announced to support and boost the MSME sector.
- Agriculture and Rural Development: Measures announced for the welfare of farmers and development of the agricultural sector.
- Infrastructure Development: Increased investment in infrastructure projects to drive economic growth.
- Green Growth: Initiatives and policies to promote green energy and sustainable development.
- Education and Skill Development: Focus on improving the education sector and enhancing skill development programs.
- Healthcare: Announcements related to healthcare infrastructure and accessibility to healthcare services.
- Digital India: Continued push for digitalization with initiatives to promote digital infrastructure and services.
- Fiscal Prudence: The budget aims to balance growth objectives with fiscal responsibility.
