Mobile phones, LED TVs, to get cheaper; electronics manufacturing to double
Finance Minister Nirmala Sitharaman has announced crucial reductions in import duties on several key components.
Finance Minister Nirmala Sitharaman has announced crucial reductions in import duties on several key components.
The Union Budget will play a pivotal role in boosting the income of street vendors and improving the quality of life in urban areas, according to Union Minister for Housing and Urban Affairs Manohar Lal.
As announced by Finance Minister Nirmala Sitharaman, under the new tax regime, individuals with an income of up to Rs 12 lakh will pay no income tax.
This overall allocation for the financial year 2025-26 has increased by 3.3 per cent in comparison to the allocation of Rs 2,616.44 crore (BE) made during last year 2024-25.
Corporate houses in the city seem to have lapped up the Union Budget 2025. Harshavardhan Neotia, chairman Ambuja Neotia Group, for instance, said, “The budget proposals of finance minister Nirmala Sitharaman has provided the vision of a new India story, with a governance that is light touch and trusting, a regulatory regime that is encouraging for industry and policies that are focused on job creation.
Himachal Pradesh Chief Minister ,Thakur Sukhvinder Singh Sukhu,expressed disappointment over the Union Government’s budget- 2025-26, labeling it as “inequitable” as the major part of it is focusing on Bihar. He highlighted several key areas of concern and called for immediate revisions to address the needs of the wider population of state.
Reacting sharply to the Budget, the Congress president called it “directionless” and an attempt by the BJP government to fool the people.
Assam Chief Minister Himanta Biswa Sarma on Saturday said that his government will introduce a new law to legalize buffalo fights in the state, reinforcing Assam’s commitment to preserving its cultural heritage.
This budget ensures progress in high-value manufacturing, employment generation, research innovation, and sustainable growth, he said.
Residents of Delhi woke up to a dense layer of fog on Saturday, reducing visibility to zero for the first time in 15 days, while the air quality index (AQI) remained in the 'very poor' category.
