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Budget 2025 highlights
February 3 , 2025
9 hrs 0 min
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- The Budget has initiated reforms in six domains — taxation, urban development, mining, financial sector, power and regulatory reforms.
- The Union Budget 2025-26 envisaged an expenditure of Rs 50,65,345 crore, an increase of 7.4% over the current fiscal.
- The 2024-25 expenditure (Revised Estimates) is Rs 47.16 lakh crore.
- The Revised Estimate 2024-25 of fiscal deficit is 4.8 per cent of GDP.
- The Budget Estimates 2025-26 is estimated to be 4.4 per cent of GDP.
- No income tax up to ₹12 lakh under new regime.
- Effectively, under the new tax regime with standard deduction of ₹75,000, income of up to ₹12.75 would have no income tax liability.
- The Pradhan Mantri Dhan Dhanya Krishi Yojana for the developing agri-districts was announced in the Budget.
- The investment limit classification will be enhanced 2.5 times for MSMES.
- A new Makhana Board, National Institute of Food Technology, Entrepreneurship and Management were announced for Bihar.
- A new scheme will be launched for 5 lakh women Scheduled Caste and Schedule Tribe first-time entrepreneurs.
- The gig workers will be provided healthcare under PM Jan Arogya Yojana.
- Jal Jeevan Mission, which aims to provide the tap water connection to all rural households, has been extended till 2028.
- As many as 36 lifesaving drugs will now be fully exempted from customs duty.
- 50,000 Atal Tinkering labs will be set up in government schools in the next five years.
- A Deep Tech Fund of Funds will also be explored to catalyse the next generation startups as a part of this initiative.
- A Bharatiya Bhasha Pustak Scheme will be announced to provide digital-form Indian language books for school and higher education.
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