February 1, 2025 - My Portfolio

Union Budget 2025: Key Highlights and Takeaways

February 1, 2025February 1, 2025 Kunjbihari Kumawat

The Union Budget for the fiscal year 2025-26 was presented today by Finance Minister Nirmala Sitharaman. This budget, being the first after the general elections, sets the tone for India’s economic trajectory in the coming years. Focused on fiscal consolidation, economic growth, and welfare schemes, the budget aims to balance development with financial prudence. Key Highlights of the Union Budget 2025 1. Fiscal Deficit and Economic Outlook The government has set a fiscal deficit target of 4.4% of GDP, a reduction from last year’s 4.8%. GDP growth projections remain strong,…

Union Budget 2025 …

February 1, 2025February 1, 2025 Kunjbihari Kumawat

Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025 today at 11:00 AM. This budget comes at a pivotal time, with India’s economic growth having slowed to a two-year low of 5.4%. The Economic Survey 2024-25, tabled in Parliament on January 31, 2025, projects GDP growth for FY 2025-26 to be between 6.3% and 6.8%. Key Expectations from the Budget: Income Tax Relief: The middle class is anticipating adjustments in income tax slabs to provide financial relief. Prime Minister Narendra Modi has invoked goddess Lakshmi to shower…