Live Updates and discussion on Union Budget 2025-2026

#Budget2025 New Income tax bill to be introduced next week

Foreign Direct Investment (FDI) limit in the insurance sector has been raised from 74% to 100%. #UnionBudget2025

Promoting Exports to Propel Growth

-Export Promotion Mission to be set up; To improve export credit, cross-border factoring support, and support to MSMEs to tackle non-tariff measures in overseas markets 

-‘BharatTradeNet’ (BTN), Unified platform for trade documentation and financing solutions to be set up as a digital public infrastructure for international trade

-Support to be provided to develop domestic manufacturing capacities for our economy’s integration with global supply chains

-Government to support domestic electronic equipment industry to leverage Industry 4.0 opportunities for benefit of youth -National framework to be formulated as guidance to states for promoting Global Capability Centres in emerging tier-2 cities.

Jal Jeevan Mission

15 crore households connected since 2019. 

Goal

100% rural coverage by 2028 (up from 80%) with increased funding.
#UnionBudget2025

Reforming and Developing Financial Sector

-FDI limit for insurance sector to be raised from 74% to 100%

-Forum for regulatory coordination and development of pension products to be set up

-Revamped Central KYC Registry to be rolled out in 2025, to simplify KYC process

 #ViksitBharatBudget2025 #Budget2025 #UnionBudget2025

The fiscal deficit for FY25 is set at 4.8%, while the estimated fiscal deficit for FY26 stands at 4.4%.#UnionBudget2025

#FinanceMinisterNirmalaSitharaman announced measures to make India a hub for toys.

Propose removal of 7 tariff rates over an above those in removed in earlier budget. Only 8 tariff rates to remain after the new move.#UnionBudget2025

Mining sector reforms, including those for minor minerals, will be encouraged through sharing of best practices and the institution of a State Mining Index. #UnionBudget2025

Prime Minister Dhan-Dhaanya Krishi Yojana: Developing Agri Districts Programme 

 Scheme to cover 100 districts with low productivity, moderate crop intensity and below-average credit parameters

To enhance agricultural productivity, improve irrigation facilities and credit availability

To adopt crop diversification and sustainable agriculture practices To augment post-harvest storage at panchayat and block levels

#Budget2025 #UnionBudget2025

Full exemption of custom duty on 36 lifesaving drugs. This is set to benefit patients suffering from cancer, severe chronic diseases and other rare illnesses.#UnionBudget2025

Big relief for patients

Basic Customs Duty on flat panel displays will increase from 10% to 20%, while duty on fish paste will be reduced from 30% to 5%.#UnionBudget2025

The time limit for provisional assessments in customs has been set at 2 years. This applies specifically to customs assessments.#UnionBudget2025