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Union Budget 2025 Highlights: From income tax bonanza to consumption boost, FM's roadmap for Viksit Bharat

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Highlights: FM Nirmala Sitharaman's announcement on February 1 brings a gift for the Indian middle class with no tax payable up to ₹12 lakh income. The Union Budget also focused on boosting credit for
The article from LiveMint discusses the key highlights of the Union Budget 2025 presented by Finance Minister Nirmala Sitharaman on February 1, 2025. The budget focuses on several critical areas including a significant boost to agriculture with increased funding for rural infrastructure, irrigation, and farmer welfare schemes. There's a strong emphasis on capital expenditure (capex) to stimulate economic growth, with allocations for infrastructure projects like roads, railways, and urban development. Industry sectors receive incentives for manufacturing, particularly in electronics and pharmaceuticals, aiming to enhance India's self-reliance. Tax reforms are highlighted with adjustments to income tax slabs to provide relief to the middle class, alongside measures to widen the tax base. Additionally, the budget addresses environmental concerns with investments in green energy and sustainable practices, while also outlining plans for digitalization, education, and healthcare improvements. The overarching theme is to balance economic recovery with social welfare, aiming for inclusive growth and fiscal responsibility.

Read the Full Mint Article at:
[ https://www.livemint.com/economy/budget-2025-key-highlights-live-updates-nirmala-sitharaman-agriculture-industry-capex-income-tax-1-february-2025-11738323616458.html ]