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Budget 2025 LIVE Updates: Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025 today, February 1, starting at 11 AM. This marks her 8th consecutive budget, making her the first female finance minister to achieve this milestone.
With growing calls for income tax relief from middle-class taxpayers, expectations are high. Adding to the anticipation, Prime Minister Narendra Modi, while addressing the nation ahead of the budget yesterday, said, "I pray that Maa Lakshmi continues to bless the poor and middle class of our country." His statement has fueled optimism regarding possible tax relief measures.
Stay with us as we bring you LIVE updates on the biggest announcements, key policy changes, and their impact on different sectors.
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Feb 01, 2025 12:18 IST
Budget 2025 Live Updates: Tax Slabs Revamped to Benefit All Taxpayers and Boost Middle-Class Growth
Finance Minister Nirmala Sitharaman announced changes in tax slabs and rates across the board to benefit all taxpayers. The new structure aims to substantially reduce taxes for the middle class, leaving more money in their hands to boost household consumption, savings, and investment. The 'nil tax' slab will apply to earnings up to ₹12 lakh (₹12.75 lakh for salaried taxpayers with a standard deduction of ₹75,000).
Zero Income Tax till ₹12 Lakh Income under New Tax Regime
— Ministry of Finance (@FinMinIndia) February 1, 2025
👉 Slabs and rates being changed across the board to benefit all tax-payers
👉 New structure to substantially reduce taxes of middle class and leave more money in their hands, boosting household consumption, savings and… pic.twitter.com/KfQy4a6PGd -
Feb 01, 2025 12:13 IST
Budget 2025 Live Updates: No Income Tax on Earnings Up to ₹12 Lakh for Middle-Class
Finance Minister Nirmala Sitharaman announced that there will be no income tax on earnings of up to ₹12 lakh. This move aims to provide significant relief to the middle class, encouraging growth and increasing disposable income.
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Feb 01, 2025 12:12 IST
Budget 2025 Live Updates: Major Rationalisation of TDS/TCS to Ease Tax Burden
Finance Minister Nirmala Sitharaman announced significant rationalisation of TDS and TCS provisions. The tax deduction limit on interest for senior citizens will be doubled from ₹50,000 to ₹1 lakh. The annual limit for TDS on rent will be increased from ₹2.40 lakh to ₹6 lakh. Additionally, the threshold to collect tax at source on remittances under the RBI’s Liberalised Remittance Scheme will be raised from ₹7 lakh to ₹10 lakh.
Rationalising TDS / TCS
— Ministry of Finance (@FinMinIndia) February 1, 2025
👉 Limit for tax deduction on interest for senior citizens to be doubled from ₹50,000 to ₹1 lakh
👉 Annual limit for TDS on rent to be increased from ₹2.40 lakh to ₹6 lakh
👉Threshold to collect tax at source on remittances under RBI’s Liberalized… pic.twitter.com/HpvSf7EzGA -
Feb 01, 2025 12:10 IST
Budget 2025 Live Updates: FM Nirmala Sitharaman’s Tax Proposals Focus on Ease of Business, Middle-Class Relief and Growth
Finance Minister Nirmala Sitharaman outlined tax proposals aimed at enhancing ease of doing business, promoting voluntary compliance, and reducing compliance burdens. The proposals focus on reforming personal income tax, particularly benefiting the middle class, streamlining TDS and TCS, and encouraging employment and investment growth.
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Feb 01, 2025 12:02 IST
Budget 2025 Live Updates: FM Nirmala Sitharaman Proposes Removal of 7 Tariff Rates in Customs Structure Overhaul
Finance Minister Nirmala Sitharaman announced the removal of 7 tariff rates as part of a comprehensive review of the customs rates structure. This proposal follows the tariff cuts made in the 2023-24 budget, aiming to simplify and streamline the customs process.
#UnionBudget2025 | Finance Minister Nirmala Sitharaman says, "As a part of a comprehensive review of customs rates structure announced in the July 2024 budget, I propose to remove 7 tariff rates - this is over and above the tariffs removed in the 2023-24 budget..." pic.twitter.com/HYXMLJVdw5
— ANI (@ANI) February 1, 2025 -
Feb 01, 2025 11:57 IST
Budget 2025 Live Updates: 10,000 Fellowships Under PM Research Fellowship Scheme for Technological Research
Finance Minister Nirmala Sitharaman announced that 10,000 fellowships will be provided under the PM Research Fellowship Scheme over the next five years. These fellowships aim to support technological research at IITs and IISc, fostering innovation and advancing scientific knowledge.
PM Research Fellowship
— PIB India (@PIB_India) February 1, 2025
10,000 fellowships to be provided under the PM Research Fellowship scheme in next five years, for technological research in IITs and IISc#ViksitBharatBudget2025 #Budget2025 #UnionBudget2025
(3/4) pic.twitter.com/NGPJ9JJxrF -
Feb 01, 2025 11:55 IST
Budget 2025 Live Updates: FM Announces Duty-Free Status for 36 Life-Saving Drugs
Finance Minister Nirmala Sitharaman announced that 36 life-saving drugs will be made duty-free to ensure affordable access to essential medicines. This move is aimed at improving healthcare access across the country.
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Feb 01, 2025 11:53 IST
Budget 2025 Live Updates: Big Reforms in Financial Sector; FDI in Insurance, Pension Products, and KYC Overhaul
Finance Minister Nirmala Sitharaman announced significant reforms aimed at reforming and developing the financial sector. The FDI limit in the insurance sector will be raised from 74% to 100%, allowing more foreign investment. A forum for regulatory coordination will be set up for the development of pension products. Additionally, a revamped Central KYC Registry will be rolled out in 2025 to simplify the KYC process.
Reforming and Developing Financial Sector
— Ministry of Finance (@FinMinIndia) February 1, 2025
-FDI limit for insurance sector to be raised from 74% to 100%
-Forum for regulatory coordination and development of pension products to be set up
-Revamped Central KYC Registry to be rolled out in 2025, to simplify KYC process… pic.twitter.com/rq9VUoXZkQ -
Feb 01, 2025 11:48 IST
Budget 2025 Live Updates: FM Nirmala Sitharaman to Introduce New Income Tax Bill Next Week
Finance Minister Nirmala Sitharaman announced in Parliament that the New Income Tax Bill will be introduced next week. This significant move is expected to bring reforms to the tax structure.
#UnionBudget2025 | "I propose to introduce the New Income Tax Bill next week," says FM Nirmala Sitharaman in Parliament pic.twitter.com/yfHIjzyMxu
— ANI (@ANI) February 1, 2025 -
Feb 01, 2025 11:45 IST
Budget 2025 Live Updates: Govt Focuses on Tourism Investment, MUDRA Loans for Homestays, and Hospitality Sector Growth
Finance Minister Nirmala Sitharaman outlined key measures to boost tourism investment and employment-led growth. The plan includes the development of the top 50 tourist destinations, MUDRA loans for homestays, and a strong emphasis on promoting the hospitality sector, with special focus on medical tourism and the Heal in India initiative.
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Feb 01, 2025 11:39 IST
Budget 2025 Live Updates: Govt to Set Up Rs 1 Lakh Crore Urban Challenge Fund for New Age Cities
Finance Minister Nirmala Sitharaman announced the establishment of an Urban Challenge Fund with a Rs 1 lakh crore allocation. This fund will focus on developing new age cities and implementing proposals to transform urban areas into thriving growth hubs.
#UnionBudget2025 | Finance Minister Nirmala Sitharaman says, "The govt will setup an Urban Challenge Fund of Rs 1 lakh crore to implement the proposals to make cities as growth hubs.." pic.twitter.com/Dw68dTUsHc
— ANI (@ANI) February 1, 2025 -
Feb 01, 2025 11:37 IST
Budget 2025 Live Updates: Govt to Set Up National Institute of Food Technology in Bihar
Finance Minister Nirmala Sitharaman announced the establishment of a National Institute of Food Technology, Entrepreneurship, and Management in Bihar. This initiative aims to promote innovation and entrepreneurship in the food sector.
News Alert! Govt to establish national institute of food technology, entreprenuership and management in Bihar: FM. #BudgetSessionWithPTI #Budget2025WithPTI pic.twitter.com/fhNpUDpYTf
— Press Trust of India (@PTI_News) February 1, 2025 -
Feb 01, 2025 11:34 IST
Budget 2025 Live Updates: Centre for Excellence in AI Education and Infrastructure Boost for IITs
Finance Minister Nirmala Sitharaman announced the establishment of a Centre for Excellence in Artificial Intelligence for education, with an allocation of Rs 500 crore. Additionally, 5 IITs established after 2014 will receive infrastructure upgrades, allowing for the accommodation of 6,500 more students.
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Feb 01, 2025 11:31 IST
Budget 2025 Live Updates: Opposition Demands Discussion on Maha Kumbh Stampede, Walks Out in Protest
Opposition parties raised their demand for a discussion on the Maha Kumbh stampede and walked out of Parliament to mark their protest. The issue continues to spark debate during Budget 2025 proceedings.
#BudgetSession | Opposition parties demanded a discussion on the #MahaKumbh stampede. Walked out to mark their protest. https://t.co/1AAypBZ0D6
— ANI (@ANI) February 1, 2025 -
Feb 01, 2025 11:27 IST
Budget 2025 Live Updates: Scheme Launched for 5 Lakh SC/ST Women Entrepreneurs
Finance Minister Nirmala Sitharaman introduced a new scheme aimed at supporting 5 lakh SC/ST women entrepreneurs. The initiative will provide term loans of up to Rs 2 crore over the next 5 years, empowering women in business and entrepreneurship.
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Feb 01, 2025 11:26 IST
Budget 2025 Live Updates: Govt Enhances Kisan Credit Card Limit to Rs 5 Lakh
Finance Minister Nirmala Sitharaman announced that the government will increase the limit for the interest subvention scheme under the Kisan Credit Card from Rs 3 lakh to Rs 5 lakh. This move aims to provide farmers with greater financial support.
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Feb 01, 2025 11:24 IST
Budget 2025 Live Updates: Big Boost to MSMEs! Investment & Turnover Limits Increased
Finance Minister Nirmala Sitharaman announced a major boost for MSMEs by enhancing investment limits to 2.5 times and turnover limits to 2 times. This move aims to strengthen small businesses, drive growth, and create more job opportunities for youth. Stay tuned for more key budget highlights.
#UnionBudget2025 | Union Finance Minister Nirmala Sitharaman says, "The investment and turnover limits for classification of all MSMEs will be enhanced to 2.5 and 2 times respectively. This will give them the confidence to grow and generate employment for our youth." pic.twitter.com/VNP0Clgj7f
— ANI (@ANI) February 1, 2025 -
Feb 01, 2025 11:14 IST
Budget 2025 Live Updates: PM Dhan Dhyan Krishi Yojana to Benefit 1.7 Crore Farmers, Announces FM
Finance Minister Nirmala Sitharaman has announced the PM Dhan Dhyan Krishi Yojana to support farmers in 100 districts with low yields. The scheme focuses on improving crop intensity, boosting modern farming techniques, and addressing below-average credit access. This initiative is expected to benefit 1.7 crore farmers across India.
FM announces PM Dhan Dhyan Krishi Yojana, covering 100 districts with low yields, modern crop intensity and below average credit parameters
— Press Trust of India (@PTI_News) February 1, 2025 -
Feb 01, 2025 11:11 IST
Budget 2025 Live Updates: Nirmala Sitharaman Outlines 10 Key Focus Areas
Presenting the Union Budget 2025, Finance Minister Nirmala Sitharaman announced that the budget's development measures cover 10 broad areas. The key focus remains on uplifting the poor, empowering youth, supporting farmers, and ensuring women's welfare.
#UnionBudget2025 | Union Finance Minister Nirmala Sitharaman says, "In this Budget, the proposed development measures span 10 broad areas, focussing on the poor, youth, farmers and women." pic.twitter.com/XLEZsCJyAe
— ANI (@ANI) February 1, 2025 -
Feb 01, 2025 11:09 IST
Budget 2025 Live Updates: Nirmala Sitharaman Highlights India's Fastest-Growing Economy
While presenting the Union Budget 2025, Finance Minister Nirmala Sitharaman emphasised India's strong economic growth. She stated that India remains the fastest-growing major economy, with a decade of structural reforms drawing global attention. Highlighting the nation's potential, she called the next five years a crucial period for "Sabka Vikas," ensuring balanced growth across all regions. Stay tuned for more key announcements.
#UnionBudget2025 | Union Finance Minister Nirmala Sitharaman says, "Our economy is the fastest growing among all major economies. Our development track record for the past 10 years and structural reforms have drawn global attention. Confidence in India's capability and potential… pic.twitter.com/oJxx5IOE3e
— ANI (@ANI) February 1, 2025 -
Feb 01, 2025 11:05 IST
Budget 2025 Live Updates: Nirmala Sitharaman Faces Opposition Sloganeering as Proceedings Begin
As Finance Minister Nirmala Sitharaman prepared to present the Union Budget 2025, Opposition MPs raised slogans in the Parliament. Despite the commotion, the budget proceedings continue, with key announcements expected shortly. Stay tuned for real-time updates on Budget 2025.
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Feb 01, 2025 11:02 IST
Budget 2025 Live Updates: Proceedings Begin, Nirmala Sitharaman Set to Present Key Announcements
The proceedings for the Union Budget 2025 have officially started. Finance Minister Nirmala Sitharaman is set to present crucial announcements that will shape India’s economic future. Stay tuned for real-time updates on key highlights, reforms, and allocations from this year’s budget.
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Feb 01, 2025 10:54 IST
Budget 2025 Live Updates: Nirmala Sitharaman Meets President Before Presenting Budget
Finance Minister Nirmala Sitharaman, along with Minister of State for Finance Pankaj Chaudhary and senior officials, met President Droupadi Murmu at Rashtrapati Bhavan before presenting the Union Budget 2025. The President conveyed her best wishes to the Finance Minister and her team for the budget presentation. Stay tuned for live updates on Budget 2025.
Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharaman along with Minister of State for Finance Shri Pankaj Chaudhary and senior officials of the Ministry of Finance called on President Droupadi Murmu at Rashtrapati Bhavan before presenting the Union Budget. The… pic.twitter.com/uFF4ElKUOr
— President of India (@rashtrapatibhvn) February 1, 2025