Finance Minister Nirmala Sitharaman Presents India's Annual Budget for Fiscal year 2025 2026. The key highlights include:

Today, February 1, 2025, Finance Minister Nirmala Sitharaman presented India's annual budget, focusing on stimulating economic growth and providing relief to the middle class.

 Key highlights of the budget include:

Income Tax Reforms
  • The income tax exemption threshold has been raised to ₹1.2 million (₹12 lakh) per annum, up from ₹700,000, offering significant relief to middle-class taxpayers.
  • Individuals earning ₹1.2 million annually will benefit from a tax reduction of ₹80,000.


Agriculture and Farmer Support
  • A six-year program has been launched to boost the production of pulses and cotton, aiming to reduce import dependence.
  • The budget introduces a national mission to develop high-yielding seed varieties to address challenges from shrinking farmlands and erratic weather.
Economic Growth and Fiscal Management
  • The government projects a fiscal deficit reduction to 4.4% of GDP for the fiscal year 2025-26.
  • Capital expenditure is set at ₹11.2 trillion, with a focus on infrastructure development.

Additional Initiatives
  • The Foreign Direct Investment (FDI) limit in the insurance sector has been raised to 100%, with certain restrictions. 
  • A Nuclear Energy Mission has been announced, aiming to develop at least 100 GW of nuclear power by 2047, including amendments to relevant acts to encourage private sector participation

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