Tax concessions extended till 2030; sops for relocation of MFs, ETFs, boost ODI issuance
The government had set a Budget Estimate (BE) for capex at Rs 11.11 trillion for FY25, against which it is expected to miss the target by Rs 93,000 crore
Annual limit of Rs 2.4 lakh for TDS on rent increased to Rs 6 lakh
The Budget announced a new Fund of Funds (FoF) with an expanded scope of Rs 10,000 crore
Scheme to support design capacity, component manufacturing, and machinery for producing non-leather 'quality footwear'
The announcement of the mission was welcomed by the geospatial industry that said it would be crucial for building smarter cities, with data-driven insights
The objective is to strengthen trust-based economic governance and take transformational measures to enhance ease of doing business, especially in matters of inspections and compliances
The budget allocation for the textile sector saw a steep increase from the FY24-25 revised figure of Rs 3,342 crore to Rs 5,252 crore
Given the importance of logistics, mobility and tourism for the economy, the government has further announced 120 new destinations under the UDAN scheme and 50 new tourist destinations
Eligible start-ups can avail complete deduction of profit and gains for three consecutive years out of 10 years, beginning from the year of incorporation
Insurance and pension regulatory norms require that investment papers must have at least an "AA" rating to be eligible for investment from pension and insurance funds
Nirmala Sitharaman used Telugu poet and playwright Gurajada Apparao's famous words to emphasise the government's vision for Viksit Bharat
The Bahujan Samaj Party chief Mayawati criticised the Budget calling it 'politically motivated'
The Budget also placed a strong emphasis on the gig economy, a sector that plays a crucial role in last-mile deliveries using electric two-wheelers
The Treasury Benches erupted with joy when the restructuring in income-tax slabs was announced, breaking spontaneously into chants of "Modi, Modi"
Public spending on capital expenditure remains a priority due to its strong multiplier effect on economic growth, Finance Minister Nirmala Sitharaman said at the post-Budget press briefing
Nirmala Sitharaman's Budget 2025 puts Makhana in the spotlight, sparking buzz around Nikhil Kamath's viral post on its Rs 6,000 crore global growth potential
Budget 2025: Stills from movies like Krrish, Welcome, and television series were being shared widely to encapsulate the sentiment of the taxpayers
The standard deduction was last hiked in Interim Budget 2024, but only in the new tax regime
Budget 2025 Highlights: As expected, the union government has very little room for fiscal maneuvering and has tried to maintain a fine balance