New income tax slabs and more: The big Budget 2025 announcements, in graphics

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New income tax slabs and more: The big Budget 2025 announcements, in graphics

//business-finance.news-articles.net/content/202 .. e-big-budget-2025-announcements-in-graphics.html

Published in Business and Finance on Saturday, February 1st 2025 at 8:20 GMT by

Firstpost

Finance Minister Nirmala Sitharaman tabled the Union Budget for the financial year 2025-2026 in Parliament on Saturday. From a change in income tax slabs to a boost to IIT infrastructure, here are the

The article from Firstpost discusses the key announcements and expectations for India's Union Budget 2025, which is set to be presented by Finance Minister Nirmala Sitharaman. It highlights the government's focus on infrastructure development, with significant investments planned for roads, railways, and urban development. There's an emphasis on continuing the push towards digitalization, including expanding digital infrastructure and promoting digital payments. The budget also aims to address fiscal consolidation, with efforts to reduce the fiscal deficit. Additionally, there are expectations of reforms in taxation, including potential changes to personal income tax slabs and GST rates. The article also touches on the government's commitment to environmental sustainability, with initiatives for renewable energy and green technologies. Social welfare schemes are expected to receive a boost, particularly in healthcare, education, and rural development, aiming to uplift the economically weaker sections. Lastly, there's a focus on enhancing India's manufacturing sector under initiatives like 'Make in India' to boost employment and economic growth.

Read the Full Firstpost Article at:
[ https://www.firstpost.com/explainers/big-budget-2025-announcements-graphics-13858639.html ]

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