Diabytes
Union Budget 2025 News
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The government has been steadfast on the path of fiscal consolidation, with the fiscal deficit easing from Covid induced high of 9.2 per cent to 4.4 per cent for FY26E (estimated). According to experts, government will largely maintain its “fiscal rectitude and do not expect major deviation from this path”.
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The Ministry of External Affairs (MEA) has allocated Rs 5,483 crore for foreign aid in 2025-26. Bhutan remains the largest recipient, with Rs 2,150 crore. Bangladesh receives Rs 700 crore, reflecting an increase in India’s aid allocations.
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Increasing the FDI limit in the insurance sector to 100 per cent is also a step in the right direction.
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The Union Budget plans to establish daycare cancer centres in every district over the next three years
Cancer incidence in India is rising, with cases expected to increase by 27.7 per cent from 2015 to 2025
According to reports, one in nine people is likely to develop cancer in their lifetime
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In addition, the government has proposed raising the annual threshold for Tax Deduction at Source (TDS) on rent from Rs 2.4 lakh to Rs 6 lakh.
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The RBI's MPC meeting will be another major event, as it will decide key interest rates, the Cash Reserve Ratio (CRR), and the Reverse Repo Rate.
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The Union Budget 2025-26 allocates a record Rs 4.49 lakh crore for women and girls' welfare, marking an 8.86% share, up from 6.8% in the previous fiscal year.
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The increase in allocations has taken place across the board in all the flagship schemes to uplift the tribal population.
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Budget 2025: Finance Minister Nirmala Sitharaman announced the National Manufacturing Mission, which aims to support small, medium, and large industries under the "Make in India" initiative.
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Jaishankar hails Union Budget 2025 as growth-oriented; PM Modi calls it a "force multiplier"; tax exemption raised to ₹12 lakh.
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In a huge relief for taxpayers, the Finance Minister announced a hike in the tax rebate in the Union Budget.
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The new tax regime, introduced under Section 115BAC of the Income Tax Act, 1961, was designed to make taxes simpler by offering lower tax rates.
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Union Budget 2025 boosts Bihar with a greenfield airport, Makhana Board and tax exemption but faces political criticism.
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Budget 2025 Reactions Highlight: In addition to the tax relief, the Finance Minister also introduced reforms to simplify the Tax Deduction at Source (TDS) system.
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The Union Budget 2025-26 introduces crucial reforms in healthcare, including daycare cancer centres, medical education expansion, and tax exemptions on life-saving drugs.
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In Budget 2025, Finance Minister Nirmala Sitharaman announced changes that will impact both consumers and industries. Several life-saving medicines and critical minerals, including cobalt and lithium-ion battery waste, will become cheaper with exemptions from Basic Customs Duty. Additionally, the government is supporting EV and mobile battery manufacturing with more BCD exemptions.
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