Union Budget 2025 Live Updates
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The budget is key to challenge consumption woes of India's 400 million urban population, as rising inflation continues to squeeze household incomes. The economy is projected to record its slowest growth since the pandemic, following an 8% expansion last year.
Adding to the uncertainty, geopolitical factors such as potential US tariffs under President Donald Trump and a weakening rupee pose additional risks to India’s economic outlook.
Who gained and lost from Sitharaman's eighth Budget for the 'aam aadmi'.
In a significant relief for middle-class taxpayers, Finance Minister Nirmala Sitharaman unveiled new tax slabs under the New Tax Regime in the Union Budget 2025-26. The revised structure aims to ease the tax burden, particularly for individuals earning up to Rs 12 lakh annually, with salaried individuals benefiting from an exemption limit of Rs 12.75 lakh, including standard deductions.
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