Budget 2025:

High Points Of Finance Minister Nirmala Sitharaman Speech

Budget 2025:

Finance Minister Nirmala Sitharaman announced Budget 2025 in parliament on Saturday. This was her eighth consecutive Budget and the second budget for the Modi 3.0 government. Here are some of the key points from her speech

Budget Expenditure:

For the first time Budget expenditure crossed Rs 50 lakh crore mark to Rs. 50.65 lakh crore

Income Tax Update:

Finance Minister Nirmala Sitharaman announced during her speech that there will be no tax on income up to Rs 12 lakh under the new tax regime

Tax Deduction Limit For Senior Citizens:

TDS deduction for senior citizens has been increased from Rs 50,000 to Rs 1,00,000. Additionally, the annual limit on rent has been raised to 6 lakh for TDS for senior citizens

Insurance Sector - FDI:

The government has increased the Foreign Direct Investment (FDI) limit in the insurance sector from 74 per cent to 100 per cent, said Fin Min

Centre Of Excellence In AI:

Finance Minister Nirmala Sitharaman said that a Center of Excellence in Artificial Intelligence for education will be set up with an investment of Rs 500 crore

Urban Challenge Fund:

Governement to set up an Urban Challenge Fund of Rs. 1 lakh crore to implement the proposals for ‘Cities as Growth Hubs’, ‘Creative Redevelopment of Cities’ and ‘Water and Sanitation’