Budget 2025 : FM Sitharaman presents Union Budget, focus on ‘garib, youth, annadata and nari’
NEW DELHI, FEB 1 : Finance Minister Nirmala Sitharaman on Saturday made history as she presented a record eighth consecutive budget, which comes in the backdrop of slowdown in economy.
Presenting the budget, the finance minister outlined 10 key development measures in Budget 2025-26, focusing on poverty, youth, women, agriculture, manufacturing, MSMEs, employment, and inclusive growth.
All eyes are on potential income tax cuts or tweaks to ease the burden on the middle class, struggling with high prices and stagnant wages. Consumers hope for measures to lower household costs, while job seekers look for policies to spur employment.
The Budget for the fiscal year starting April 1 is expected to balance growth-boosting measures with fiscal prudence, focusing on consumption while narrowing the fiscal deficit.
National mission on high-yielding seeds to be launched: FM
India will launch a national mission on high-yielding seeds, Finance Minister Nirmala Sitharaman said on Saturday.
Presenting her 8th straight Budget, she also said a ‘Makhana Board’ will be established in Bihar to improve production and processing of fox nut.
The finance minister also said the government will bring enabling framework for sustaining harvest of fisheries sector in exclusive economic zones and high seas. She also announced a 5-year mission to promote cotton production.
Finance Minister Nirmala Sitharaman on Saturday said the Union Budget 2025-26 will initiate reforms in six areas of taxation, urban development, mining, financial sector, power and regulatory framework.
Presenting her eighth consecutive budget, she said the government’s development track record of the past 10 years and structural reforms have drawn global attention.
A Viksit Bharat will have zero poverty, quality education, high-quality, affordable and comprehensive healthcare, she said and added that the budget’s focus is to take everyone together on inclusive growth path.
-PTI
