Budget 2025 Financial News

India Budget: With the Union Budget 2025-26 approaching, industry players are pinning hopes on significant announcements for the railway sector, particularly in freight operations and infrastructure development. The industry also stressed the need to increase the average speed of freight trains to 50 kmph and deploy advanced 12,000 HP electric locomotives.

Subscribe to enjoy similar stories. With less than a fortnight to go before India’s budget for 2025-26, all eyes are on finance minister Nirmala Sitharaman. Apart from all the usual reasons, this budget has special relevance, as it is the first full-year fiscal plan after last summer’s Lok Sabha elections.

Budget 2025: The government may announce the third phase of the Green Energy Corridor project in the upcoming budget, said people familiar with the matter. GEC-III, details of which are being finalised, will seek to facilitate evacuation of renewable power to ensure supply for industries such as green hydrogen and steel. This is part of the government's strategy to further enhance renewable energy capabilities.

Union Budget: India’s deep tech ecosystem stands at a cornerstone of explosive growth fueled by the synergy of cutting-edge science and entrepreneurial zest to craft solutions for complex global challenges. Deep Tech spans Artificial Intelligence/ Machine Learning, Internet of Things (IoT), Blockchain, Big Data & Analytics, Augmented Reality/ Virtual Reality (AR/VR), Robotics, 3D printing, Drones, and beyond.

Subscribe to enjoy similar stories. New Delhi: India's aviation sector is growing rapidly, this is evident from record breaking domestic passenger movement and pending delivery of over 1000 aircraft to Indian airlines. In November 2024, for the first time ever the daily domestic passenger numbers crossed 5 lakh mark.

Budget 2025: The electronics industry, one of India’s largest export sectors, is hoping for major reforms in the upcoming Union Budget. With nearly all mobile phones sold in India now made locally, electronics manufacturing output reached $115 billion in FY24, with $29 billion coming from exports. The industry has set an ambitious target of achieving $500 billion in output by 2030.

Assocham has pitched for the removal of coal cess stating that the move will support power-intensive industries like aluminium and maintain competitiveness of the domestic industry. In its pre-budget memorandum 2025-26, the industry body said that «high cess on coal (Rs 400 per MT)...be eliminated to support power-intensive industries.»

Budget 2025-26 should announce a PLI scheme for R&D to attract foreign companies and make India a global hub for innovation, said Deloitte India Partner (Direct Tax) Rohinton Sidhwa. He said the government has been pursuing a policy wherein tax holidays are less and more focus is on Production Linked Incentive (PLI) or other schemes which promote investment and employment.

Union Budget 2025 Expectations Live Updates: Anticipation is running high among industry stakeholders and citizens as we get nearer to Finance Minister Nirmala Sitharaman's Budget announcement. From ordinary taxpayers, to tech, healthcare, insurance, and finance sectors, hopes are high for income tax cuts, GST sops and other initiatives.

Union Budget should continue the focus on increasing productivity and creating apt infrastructure for ensuring steady growth in the agriculture sector and increasing rural income.

Union Budget 2025 Expectations Live Updates: From ordinary taxpayers, to tech, healthcare, insurance, and finance sectors, among others — all stakeholders are holding high hopes for Union Finance Minister Nirmala Sitharaman's eighth Budget speech in February.Notably, she completed Pre-Budget Consultation with various stakeholders, unions and other representatives on January 6, ahead of beginning work on Budget 2025-26.FM Sitharaman 8th Budget SpeechIn Sitharaman's eighth Budget speech, likely next month, the industry is expecting significant announcements ranging from income tax breaks, GST rationalisation, industry-specific policies and more, aimed at reviving the economy and boosting consumer sentiments.This will be Sitharaman's second full-fledged Budget in Modi 3.0, and her eighth budget presentation in Parliament. She has presented six annual and two interim budgets under the NDA government's consecutive terms in power.When is the Union Budget 2025 Speech?As per convention over the past years, the finance minister is expected to give her Budget speech in Parliament at 11 am on February 1, 2025.

Budget 2025 approaches, India’s engineering sector, a vital contributor to the nation’s manufacturing and export growth, has outlined a detailed wish list for the government.

Union Budget 2025 draws near, all eyes are on the Government’s fiscal strategy to navigate India’s economic aspirations amidst global uncertainties.

e-commerce exports have seen a commendable rise. An EY-Assocham study put the country’s e-commerce exports at $4-5 billion in FY23, with a target of $200 billion by 2030. E-commerce has helped give small businesses a level playing platform to sell to a much bigger market. The business requires minimal investment and with enablers and push from global players like Amazon, eBay as well as cross-border payment platforms like Payoneer, e-commerce export is becoming a lucrative option for many MSMEs in India.

Nirmala Sitharaman is set to present the Union Budget for the fiscal year 2025-2026 in February 2025, marking her eighth budget under the Modi government.

commerce ministry is likely to seek further extension of the interest equalisation scheme in the forthcoming Budget on pre- and post-shipment rupee export credit for another five years to promote the country's outbound shipments, an official said. The scheme ended on December 31 last year.

Union Budget 2025 Expectations Live Updates: Finance Minister Nirmala Sitharaman's Budget speech is being anticipated as stakeholders and sectors await announcements such as tax breaks, GST updates are expected to revive the economy and boost consumer sections.The finance minister concluded her eighth Pre-Budget Consultation with the stakeholders and representatives from the trade unions ahead of the upcoming Union Budget 2025-26, in New Delhi on January 6. When is the Union Budget 2025 Speech?While there has been no official confirmation from the Centre or Finance Ministry yet, as per recent convention, Sitharaman is expected to present the Union Budget 2025 on February 1, at 11 am.