Union Finance Minister Nirmala Sitharaman, in her Union Budget 2025-26 on Saturday, said the government is determined to ensure that the regulations keep up with technological innovations and global policy developments.
Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2025-26, detailed the roadmap for India's continued economic expansion, placing emphasis on agriculture, micro, small, and medium enterprises (MSMEs), investment, and exports.
Amroha-based artist Zuhaib Khan, who uses graphite-charcoal to create artwork, has made an 8-foot-long portrait of Finance Minister Nirmala Sitharaman to mark the presentation of the Union Budget.
Nadda further said the budget for health infrastructure has marked an "increase of 164 per cent" in the past decade.
Indian startups successfully raised $1.03 billion in July as the government abolished angel tax in the Union Budget 2024-25 which was levied on foreign investors, according to a report on Saturday.
Soon after the presentation of Union Budget 2024-25, the Foreign institutional investors (FIIs) resorted to offloading positions, who had turned aggressive buyers in calendar year 2024.
The Minister said the budget has allocated Rs 1.48 lakh crore specifically for education, employment, and skilling, underscoring the government's commitment to these vital areas.
In the General Budget, Union Finance Minister Nirmala Sitharaman introduced the Pradhan Mantri Janjatiya Unnat Gram Abhiyan for improving the socio-economic conditions of tribal communities.
Union Budget 2024-25 got a thumbs up from most brokerages. However, there remained some apprehensions on the sweeping changes in the capital gains tax regime.
The UP Finance Minister said here on Tuesday that Uttar Pradesh's share in central taxes in the interim budget was Rs 218816.84 crore, which has now increased to Rs 223737.23 crore.
