Union Budget 2025 - Live Updates & News
FM Nirmala Sitharaman to present Union Budget on 1st February, 2025
Anticipation is building as all eyes turn to the Union Budget 2025, Finance Minister Nirmala Sitharaman is set to present the 8th straight budget on February 1, 2025. Despite being a Saturday, the Indian stock market (BSE & NSE) will remain open for live trading to mark the occasion. Stay tuned as we bring you live updates and insights on the Union Budget 2025 with 5paisa!
Live Budget Updates
Jan 10, 2025 09:59:43 AM IST
NRAI Calls for Industry Status and Supportive Policies for Food Services Sector
The National Restaurant Association of India (NRAI) has urged the government to grant industry status to the food services sector and implement fair e-commerce policies to ensure a level playing field. In its pre-Budget recommendations, the NRAI proposed measures such as allowing extended operating hours for restaurants, offering targeted subsidies, and improving debt financing access for SMEs. It emphasized the need to safeguard restaurants, delivery partners, and consumers while highlighting the sector’s vital role in the economy amidst ongoing challenges.
Jan 09, 2025 09:52:09 AM IST
CII Suggests Key Measures for Growth Ahead of Union Budget 2025
The Confederation of Indian Industry (CII) has proposed a range of measures ahead of the Union Budget 2025, including a reduction in benchmark interest rates to spur growth and targeted efforts to boost employment in labour-intensive sectors like apparel, tourism, and real estate. CII President Sanjiv Puri highlighted the need for labour reforms, swift anti-dumping duties on imports like steel and chemicals, and measures to tackle food inflation. Other suggestions include cutting excise duty on fuel and introducing PLI 2.0 for the garment sector.
Jan 08, 2025 10:24:36 AM IST
NAREDCO Proposes Tax Deduction on Housing Loan Interest
The National Real Estate Development Council (NAREDCO) has urged the government to increase the tax deduction on housing loan interest from ₹2 lakh to ₹5 lakh and grant infrastructure status to the housing sector in the upcoming Budget 2025. Following a pre-budget meeting with Finance Minister Nirmala Sitharaman, NAREDCO Chairman Niranjan Hiranandani highlighted the need to boost affordable housing finance. Additional recommendations focused on driving growth in energy, urban development, and road infrastructure to strengthen the economy.
Jan 07, 2025 11:42:14 AM IST
Finance Minister Concludes Comprehensive Consultations for Budget 2025
Finance Minister Nirmala Sitharaman has wrapped up extensive consultations for the Union Budget 2025, the Finance Ministry announced. These discussions, held from December 6, 2024, involved over 100 participants from nine key stakeholder groups. Representatives included experts from agriculture, trade unions, MSMEs, education, health, infrastructure, and capital markets. The meetings aimed to gather insights from diverse sectors, such as farmers' associations, economists, and industry leaders, to shape the upcoming budget. Additionally, from January 10, 2025, citizens may share their valuable suggestions and ideas for the Union Budget 2025-26 on the MyGov platform.
Jan 06, 2025 11:57:08 AM IST
Tax Relief on FDs and Capital Market Reforms?
As speculation grows around Union Budget 2025, reports suggest potential tax relief on interest earned from bank Fixed Deposits (FDs), which are currently taxed as per individual income tax slabs. Banks have reportedly urged the government to exempt FD interest from income tax, a move that could significantly benefit savers. Meanwhile, Radhika Gupta, MD and CEO of Edelweiss Mutual Fund, has proposed measures to enhance capital market inclusivity and efficiency, advocating for policies that encourage long-term savings in bonds and equity during pre-budget discussions.
Jul 09, 2024 03:03:16 PM IST
Union Budget 2025 to be presented on 1st February, 2025.
Jul 08, 2024 04:21:33 PM IST
Stay Tuned for Live Union Budget 2025 Updates!
Budget News
PLI Scheme for Electronics: ₹25,000 Cr Approved by Finance Ministry
The Finance Ministry has approved a Production-Linked Incentive (PLI) scheme with an allocation of ₹25,000 crore for electronic components, according to a report by CNBC-TV18 citing sources familiar with the matter on January 6.
EEPC India Proposes Faceless GST Audits to Boost Ease of Business
The Engineering Export Promotion Council (EEPC) of India has proposed the introduction of a faceless GST audit system to further enhance the ease of doing business in the country. This forward-thinking recommendation, included in EEPC India’s Budget 2025 proposals, is expected to streamline compliance procedures and reduce operational costs, especially for Micro, Small, and Medium Enterprises (MSMEs).
Union Budget 2024: IT Company Buybacks may become less attractive
The attractiveness of buybacks from information technology (IT) companies is expected to diminish following the Budget 2023-24 announcement, which states that income from share buybacks will now be taxed as dividends for the recipient investor. Analysts anticipate this change will make buybacks less appealing due to increased compliance burdens and potentially higher taxes.
Union Budget 2024: Setting the Path for Viksit Bharat
The Union Budget for 2024-25, unveiled today, marks the inaugural budget of the new coalition government, meeting high expectations from both industry stakeholders and the general public. The budget's central theme aligns with the ambitions of a youthful nation—focusing on employment, skills development, MSMEs, and the middle class.
Budget Blogs
Why Finance Minister Hikes STT on F&Os?
In her Union Budget speech, Finance Minister announced a plan to raise the Securities Transaction Tax or STT on trading in futures and options or F&O. This move aims to deter retail investors from engaging in these high risk financial instruments. Specifically, the tax rate on selling options in securities will increase from 0.0625% to 0.1% of the option premium.
Key Budget Announcements for MSMEs by the Finance Minister
The 2024 Budget focuses on creating jobs, improving skills, supporting small and medium sized enterprises or MSMEs and helping the middle class. It highlights MSMEs and manufacturing especially those industries that need a lot of workers. The government has put together a package for MSMEs that includes financial help, regulatory changes and technical support to help these businesses grow and compete globally.
FM Announces 3 Job Linked Incentive Schemes: Who Will Benefits?
In the Union Budget for 2024-25, the Finance Minister introduced three new incentive programs designed to enhance job creation in the manufacturing and formal sectors. These schemes, part of the Prime Minister's Budget package will be linked to the Employees Provident Fund Organisation or EPFO.
Budget 2024: Gold & Silver Stock to Watch
Highlights of Budget 2024 1. Customs Duty Reduction: Customs duty on gold & silver reduced to 6%, & platinum to 6.4%. 2. Mobile Industry Boost: Basic Customs Duty on mobile phones & accessories cut to 15%. 3. GST Rationalization: government plans to rationalize GST tax structure for better compliance & reduced tax incidents.
Videos related to Budget
How to Trade Post-Budget 2024
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Budget 2024 Highlights
Frequently Asked Questions
Sectors such as healthcare, education, infrastructure, and technology are speculated to receive significant attention. The budget may introduce measures to promote job creation, accelerate digitization, and support sustainability, aligning with India’s long-term development goals.
The complete Union Budget 2025 document, including the Finance Minister’s speech, will be made available shortly after its presentation. You can download it in PDF format from the official government website: www.indiabudget.gov.in.
According to a document of the Finance Ministry, the government aims to reduce the fiscal deficit to below 4.5% of GDP by FY 2025-26. This target aligns with its fiscal consolidation roadmap set in previous budgets while ensuring quality spending on infrastructure, welfare, and economic growth initiatives.
High food prices have been the primary contributor to elevated inflation levels in India. The 2025 Budget may address inflation by focusing on supply-side solutions, such as modernizing food supply chains using technologies like AI and blockchain. These measures could reduce wastage, enhance forecasting, and help stabilize high food prices driving inflation.
The Union Budget can significantly affect the stock market by shaping economic sentiment. Measures like lowering tax rates, increasing exemptions, and controlling inflation can boost investor confidence and consumption. For this reason, the stock market will remain operational on February 1, 2025, which may reflect real-time reactions to the announcements.
Speculations suggest potential relief through higher deductions for education and medical expenses. The government might also revise concessional tax rates for income slabs between ₹7 lakh and ₹15 lakh, encouraging more taxpayers to adopt the new tax regime while reducing their burden.
Although official announcements are awaited, experts anticipate changes such as raising the income tax exemption limit from ₹7 lakh to ₹8 lakh or more. The standard deduction for salaried individuals might increase from ₹75,000 to ₹1 lakh, simplifying tax compliance and offering relief.
Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025. This will mark her eighth consecutive budget presentation, showcasing the government’s priorities in its second full budget of the Modi government’s third term.
The Union Budget is an annual financial statement detailing the government’s revenue and expenditure for the upcoming fiscal year. It is crucial because it sets the economic agenda, influences fiscal policies, and determines resource allocation for key sectors. The budget impacts citizens directly, as it outlines tax policies, public spending, and initiatives that drive national development.
The Union Budget 2025 will be presented on February 1, 2025, at 11:00 am IST in the Lok Sabha. Finance Minister Nirmala Sitharaman, presenting her eighth consecutive budget, will outline the government's financial priorities for FY 2025-26.