budget 2025 date india
EDUCATION
budget 2025 date india
Union Budget 2025: Date, Highlights, and Impact on India
The Union Budget 2025 of India was presented on February 1, 2025, by Finance Minister Nirmala Sitharaman. This budget, crucial for India's economic planning, focused on growth-driven policies, taxation reforms, and strengthening various sectors to achieve sustainable development.
Key Highlights of Budget 2025
1. Taxation Reforms
Income Tax Relief: Individuals earning up to ₹12 lakh annually now benefit from complete tax exemption.
TDS and TCS Adjustments:
Tax Deducted at Source (TDS) limit on interest for senior citizens increased from ₹50,000 to ₹1 lakh.
TDS on rent limit increased from ₹2.4 lakh to ₹6 lakh annually.
GST Simplification: Certain exemptions and adjustments in GST rates to boost the manufacturing and services sectors.
2. Agricultural & Rural Development
Prime Minister Dhan-Dhaanya Krishi Yojana: Targeting 100 districts, benefiting 1.7 crore farmers.
Pulses Self-Reliance Mission: A six-year plan to increase domestic production of key pulses.
Kisan Credit Card (KCC) Expansion: Increased access to credit for 7.7 crore farmers, fishermen, and dairy farmers.
3. Infrastructure & Capital Expenditure
Total Outlay: ₹11.21 trillion allocated for capital expenditure, with a focus on railways, roads, and urban development.
Affordable Housing: Strengthened support for Pradhan Mantri Awas Yojana (PMAY) with an additional ₹60,000 crore.
Green Energy Investments: Increased allocation for solar and wind energy projects.
4. Employment & Skill Development
PM Rozgar Yojana: Targeted at creating 5 million new jobs in the next five years.
Skill Enhancement Programs: ₹10,000 crore allocated to upgrade vocational training institutes.
Startup Funding: Special tax incentives for startups focusing on AI, robotics, and green technology.
5. Digital & Technological Advancement
5G & AI Development: ₹15,000 crore allocated for AI-based research and 5G infrastructure expansion.
E-Governance Initiatives: Enhancement of digital public infrastructure, promoting transparency.
Fintech Sector Boost: Simplified regulations to encourage digital payment ecosystems.
6. Healthcare & Education
Healthcare:
₹2.5 lakh crore allocated to expand the Ayushman Bharat scheme.
New AIIMS hospitals proposed in five states.
Education:
Strengthening of National Education Policy (NEP) implementation.
₹1.8 lakh crore allocated to higher education institutions.
7. Defense & Security
Defense Budget: ₹6.81 trillion, with increased funding for indigenous defense manufacturing.
Cybersecurity Measures: ₹10,000 crore allocated for cybersecurity enhancements and digital protection.
Economic Impact of Budget 2025
Growth Projections
GDP Growth Forecast: Expected to reach 7.2% in FY 2025-26 due to enhanced investments and economic reforms.
Inflation Control: Strategies to stabilize essential commodity prices.
Stock Market Response
Positive Impact: Infrastructure and green energy stocks saw a rise.
Challenges: Some mixed reactions from investors due to tax reforms affecting higher-income groups.
Global and Domestic Business Sentiment
Increased Foreign Direct Investment (FDI): New policies to attract global investors.
Startup & MSME Growth: Tax relaxations and funding schemes to support new businesses.
Conclusion
The Union Budget 2025 aims to drive economic expansion, technological growth, and sustainable development, while offering tax benefits to individuals and businesses. It sets a roadmap for India’s aspiration to become a $5 trillion economy in the coming years.
Stay tuned for more updates and in-depth analyses on how Budget 2025 impacts different sectors and the common citizen!