Finance Minister Nirmala Sitharaman on Saturday also increased the allocation to state-owned National Highways Authority of India (NHAI) to Rs 1,878,03 crore from last year's Rs 1,693,71 crore
Under the SWAMIH Fund, 50,000 dwelling units in stressed housing projects have been completed, and keys handed over to homebuyers
NSE's chief executive and managing director Ashish Chauhan on Saturday welcomed tax proposals in the Union budget, saying it will help increase flows into the markets.
The budget proposals also include an allocation of about Rs 180 crore for operation and maintenance of the SPRs and about Rs 335 crore for purchase of land and construction of new caverns
The reforms are part of the Government's broader strategy to stimulate consumption, enhance ease of doing business and boosting economic growth
Finance Minister revealed plans to facilitate the construction of Greenfield airports in Bihar, aimed at addressing the state's future aviation needs
Bihar remained in focus in the presentation of the Union Budget for the 2025-26 fiscal with Finance Minister Nirmala Sitharaman making several announcements for the state, including makhana board
Union Budget 2025 revises TCS rates on foreign remittances, reducing the tax burden on students funding overseas education through loans or personal savings
Presenting the Budget, Finance Minister Nirmala Sitharaman said the government will support domestic industries in making solar panels, EV batteries, wind turbines and electrolysers
Budget 2025 Highlights: The biggest beneficiary sector for the budget would be consumptions sectors like Staples, QSRs, White goods and Discretionary like Hotels and tourism
Revenue spending growth of 6.7 per cent is somewhat higher than our forecast
Reacting to the budget, CM Mann alleged that Punjab has once again been "ignored" in the budget presented by the Bharatiya Janata Party-led Centre.
Budget 2025: Following the Budget presentation, Prime Minister Narendra Modi congratulated Finance Minister Nirmala Sitharaman and her team for presenting a 'people's Budget'
The government said people earning up to Rs 12.8 lakh ($14,800) per year will not have to pay any taxes, raising its threshold from Rs 700,000
No tax on income up to ₹12 lakh, revised tax slabs, senior citizen benefits, and homeowner relief announced by FM Nirmala Sitharaman to ease the financial burden on the middle-class
The initiatives were allocated Rs 20,070.90 crore allocated in the revised estimates for 2024-25
With a focus on healthcare, defence, agriculture, maritime, and education, the Budget aims to enhance infrastructure, boost self-reliance, and foster long-term growth
Union Budget 2025: This Budget reflects a move towards fiscal consolidation, with lower reliance on borrowings and higher revenue from direct taxes
The Union minister slammed the criticism, wondering why opposition parties are objecting to the development measures for Bihar
Additionally, Union Minister Jyotiraditya Scindia added that it is a composite budget that will take India forward