Budget 2025 Live Updates: What’s Coming Next? Stay Informed!

Budget Live Updates

The first full-blown Budget of Modi 3.0 was presented by Nirmala Sitharaman, who announced some major changes in the income tax slabs. A huge relief for the common class said the Finance Minister. Technically, there is no question of paying any income tax up to an income of Rs.12 lac. 

This was also accompanied by major announcements on TDS, where the annual ceiling on rent was raised from Rs.2.40 lac to Rs.6 lac, giving relief to small taxpayers dealing in small amount 

 

When will budget 2025 be announced?

Budget time today (union budget 2025 date and time) is on 01 February 2025 at 11 am.

 

Budget Highlights 2025

Draft the Annual Financial Statement in a manner that meets the requirements of the Indian constitution and completely balances how our economy is performing. Fiscal deficit for FY25 is 4.4% for FY26.

 

1. New tax regime slabs

Income Tax does not apply to people earning up to Rs.12 lac in the new law. For Salaried Class, Deduction of Income Tax up to 12.75 lacs (after standard deduction of Rs.75,000). 

Tax slab: 

 

2. Agriculture & Rural Development 

• In this scheme, 1.7 Cr farmers will benefit from the economy through 100 districts with lower productivity than average. 
• Targeted Low-Productivity District Development Program: Prime Minister Dhan-Dhaanya Krishi Yojana. 
• A 6-year program of self-sufficiency in pulses Tur, Urad, and Masoor by increasing productivity with climate-resistant seeds to increase farmer income. 
• Kisan Credit Card: A program that raised the loan limit to Rs.5 lac for 77 crore farmers, fishermen, and milk producers. 
• Phase 1 of the Rural Prosperity program focused on 100 agri-districts. The aim is to add skill and under-employment technology. 
• The newly formed Pharhana board will also focus on increasing the production and marketing of makhana in Bihar. 
• Mitihalanchal region of Bihar will now benefit from project Western Koshi Canal as it delivers to 50,000 hectares.

 

3. MSME’s, Entrepreneurship & Employment 

Enhancement in Credit Guarantee: 

• Small have an increase on cover to Rs.1.5 lac cr credit over the next 5 years while Micro enterprises now have it set at Rs.10 crore. 
• In focus areas with a 1% fee, Startups Multi cover has increased to Rs.20 crore. 
• Udyam portal gives credit cards with new micro-enterprise limits for 10 lacs at Rs.5 lacs. 
• The corpus of the fund for funds is Rs.10,000 crore for startups.

 

4. Healthcare & Education 

• Cancer Management: 200 daycare centers in district hospitals by 2025-26. 
• Duty Drawback: Fully exempted 36 lifesaving medicines; 6 others subject to 5% duty. 
• Medical Training: Increase an additional 10,000 seats by 2025-26 (75,000 in 5 years). 
• Atal Tinkering Labs: 50,000 to establish in government schools. 
• Bharat Net: Provision of broadband to all rural secondary schools and primary health centers. 

 

 

5. Infrastructure & Urban Development

• SWAMIH Fund 2: Rs.15,000 crores to complete 1 lakh housing units; 40,000 units by 2025. 
• Urban Challenge Fund: Rs.1 lac crore to allocate for growth hubs, water, and sanitation in cities.
• Maritime Development Fund: Developing corpus of Rs.25,000 crores for shipbuilding and port Infrastructure. 
• UDAN Scheme Expansion: 120 new destinations for regional Connectivity; targeting 4 crore passengers.

 

6. Energy & Environment 

• Nuclear Energy Mission: Rs.20,000 crores for Small Modular Reactors. 
• Clean Tech Manufacturing: Subsidy on solar PV cells, EV batteries, and wind turbines. 
• Critical Minerals: Duty-free on Cobalt and Lithium-Ion scrap and other 12 items for augmenting domestic production. 

 

7. Tourism & Export Promotion 

• Skill development, homestay loan programs, and e-visa facilitation to upgrade 50 tourist destinations. 
• Export Promotion Mission: Aimed at facilitating quicker credit access and strengthening support on cross borders through collaboration between Commerce, MSME, and Finance ministries.
  

 

8. Reforms & Business Regulations

• FDI in insurance bumped to 100% as the limit increased on companies that reinvest premiums in India.
• Jan Vishwas Bill 2.0 has decriminalized over 100 legal provisions.
• Regulatory Reforms: A new high-level committee has been set to questionnaire examine non-financial sector license and certificate issuance.
• Start-up incorporation benefits extended to April 1, 2030, while IFSC benefits procurement has a deadline of March 31, 2030.

 

9. Indirect Taxes initiatives

• Customs Simplification: Liberalized to 8 tariff thresholds, 82 exempted lines on social welfare surcharge support.

 

Nifty 50 

The Nifty 50 and Stock market showed a mixed sign today. The stock indices began the period with a positive trend and gained during trading on account of the Budget. However, after the budget speech in parliament was complete, the 30 currency BSE main index Sensex had dropped 494.1 points, which rendered the benchmark figure of 77,006.47 by the end of the afternoon trading.

The NSE Nifty also fell, but not as drastically to a decrement of 162.35 points thus bringing it to 23,346.05.

Like before the Nifty 50 and NIFTY BANK had also dropped into the red following the mid-session, these benchmark indexes now post-budget are flat to slightly down. As of 1:58 pm, Sensex reached 77,527.06, making a profit of 26.49 points or 0.03 percent up to 0.03 percent whilst Nifty broke even on 23,495.00.

 

Conclusion

With the India budget 2025, the anticipated changes in taxes, farming, businesses, healthcare, and infrastructure are finally set to occur. A big chunk of the income tax is scrapped with the significant beneficial relief of up to Rs.12 lac which is certainly a huge plus for the middle class.