Budget 2025 LIVE Updates: Union Finance Minister Nirmala Sitharaman has began her eighth consecutive Union Budget 2025 presentation in the Lok Sabha at 11 am. Earlier in the day, Sitharaman visited President Droupadi Murmu for her nod on the Budget. The Union cabinet approved the Budget ahead of the speech in Parliament at 11 am today (February 1, 2025).
Key changes announced in tax slabs:
FM Nirmala Sitharaman announced zero income tax on income up to ₹12 lakh income under the new tax regime
Here are the following tax slabs and rates:
₹0-4 lakh – Nil
₹4-5 lakh – 5%
₹8-12 lakh – 10%
₹12-16 lakh – 15%
₹16- ₹20 lakh – 20%
₹20-24 lakh – 25%
Above ₹24 lakh – 30%
Budget Speech 2025 key-takeaways
Here are some of the key-takeaways from FM Nirmala Sitharaman’s Budget speech:
1) Fiscal deficit: The fiscal deficit for FY25 is set at 4.8%, while the estimated fiscal deficit for FY26 stands at 4.4%.
2) On Jan Vishwas Bill: Jan Vishwas Bill 2.0 to be introduced to decriminalise over 100 provisions. Investment friendly index of States to be launched in 2025.
3) Revised tariff rates: Propose removal of 7 tariff rates over an above those in removed in earlier budget. Only 8 tariff rates to remain after the new move.
4) FM announced an outlay of ₹1.5 lakh crore for 50-year interest free loans to states for capex and infrastructure.
5) FM announced that 36 live savings drugs and medicines fully exempted from basic customs duty.
The high-stakes Budget comes amid industry-wide expectations of capex growth and income tax relief for the salaried class. The first part of the Budget Session in the Parliament on Friday (January 31), with the Economic Survey 2025, released by FM Sitharaman.
From today’s budget, India Inc. widely anticipates the government’s measures on higher allocation towards boosting infrastructure, ease of doing business, artificial intelligence (AI) models, among others.
Budget 2025 Speech
Union Finance Minister Nirmala Sitharaman’s Budget 2025 speech began at11 am in the Lok Sabha. This is her eighth consecutive Budget presentation in Parliament and her second full-fledged budget of the Narendra Modi-led NDA government formed in 2024 i.e. Modi 3.0.
The first part of the Budget session began on Friday, January 31, 2025, when FM Sitharaman tabled the Economic Survey 2025 in the Parliament. Catch the LIVE Budget 2025 Speech here
Track real-time coverage of Income tax announcements LIVE as the middle class awaits possible slab revisions, and stay informed on the share market impact as it unfolds.
Budget 2025 LIVE: How new tax slabs work
Zero Income Tax till ₹12 lakh salary under New Tax Regime
- Slabs and rates being changed across the board to benefit all tax-payers
- New structure to substantially reduce taxes of middle class and leave more money in their hands, boosting household consumption, savings and investment
- ‘Nil tax’ slab up to ₹12.00 lakh ( ₹12.75 lakh for salaried tax payers with standard deduction of ₹75,000)
Budget 2025 LIVE: Taxpayers can claims annual value fo 2 self-occupied properties as nil
Govt allows taxpayers to claim annual value of two self-occupied properties as nil, says FM Sitharaman
Budget 2025 Speech LIVE: Shares on spotlight after FM Sitharaman’s Income Tax announcement
HUL, Godrej CP, Trent, Voltas, ITC, DMart shares rise after FM says No income tax payable for those with income up to ₹12 lakh under the new tax regime.
Budget 2025 Speech LIVE: House adjourned
House has been adjourned
Budget 2025 Speech LIVE: Revised Tax slabs under New Tax Regime
Revised Tax slabs under New Tax Regime
₹0-4 lakh – nil
₹4-8 lakh – 5 per cent
₹8-12 lakh – 12 per cent
₹12-16 lakh – 15 per cent
₹16-20 lakh – 20 per cent
₹20-24 lakh – 25 per cent
Above 24 lakh – 30 per cent
Budget 2025 Speech LIVE: Key points about Makhana Board in Bihar
FM Nirmala Sitharaman announced the establishment of Makhana Board in Bihar to improve processing processing, and enable value addition.
Budget 2025 Speech LIVE: New Income-tax Bill to be Introduced
New Income-tax Bill to be Introduced by FM Sitharaman
- New bill will be clear and direct in text with close to half of the present law
- Will be simple to understand, leading to tax certainty and reduced litigation
Budget 2025 Speech LIVE: Medicines to become cheaper?
FM announced that around 36 lifesaving drugs and medicines would be added to the list of medicines fully exempted from Basic Customs Duty. Additionally, 37 more medicines and 13 new patient assistance programmes would be fully exempted from Basic Customs Duty, says FM.
Budget 2025 Speech LIVE: FM announces Deep Tech fund
FM Nirmala Sitharaman mentioned that the Deep Tech fund will further encourage startups from both technical and non-technical backgrounds to bring their ideas to life.
Budget 2025 Speech LIVE: FM Nirmala Sitharaman proposes for life saving drugs to be exempt from basic duties
FM announced that 36 life saving drugs for cancer-rare disease patients would be added in list of medicines fully exempted from basic duties.
Bugdet 2025 Speech LIVE: Fiscal deficit for FY25 is set at 4.8%
Fiscal deficit: The fiscal deficit for FY25 is set at 4.8%, while the estimated fiscal deficit for FY26 stands at 4.4%
Budget 2025 Speech LIVE: ‘50-year-interest-free loans’ for states, says FM
Union Finance Minister Nirmala Sitharaman announced an outlay of ₹1.5 lakh crore for 50-year interest free loans to states for capex and infrastructure.
Budget 2205 Speech LIVE: 36 live saving drugs and medicines fully exempted from basic customs duty
Finance Minister Nirmala Sitharaman announces, 36 live savings drugs and medicines fully exempted from basic customs duty
Budget 2025 Speech LIVE: Promoting Exports to Propel Growth
- Support to be provided to develop domestic manufacturing capacities for our economy’s integration with global supply chains
- Government to support domestic electronic equipment industry to leverage Industry 4.0 opportunities for benefit of youth
- National framework to be formulated as guidance to states for promoting Global Capability Centres in emerging tier-2 cities.
Budget 2025 Speech LIVE: FM proposes increasing FDI limit for insurance sector
Nirmala Sitharaman proposed increasing the FDI limit for insurance sector to 100%.
Budget 2025 Speech LIVE: ‘New Income Tax Bill to be announced next week…’ says FM
FM Nirmala Sitharaman announced that the Government will announce a new Income Tax Bill next week.
Budget 2025 Speech LIVE: Promoting Exports to Propel Growth
- Export Promotion Mission to be set up; To improve export credit, cross-border factoring support, and support to MSMEs to tackle non-tariff measures in overseas markets
- ‘BharatTradeNet’ (BTN), Unified platform for trade documentation and financing solutions to be set up as a digital public infrastructure for international trade
Budget 2025 Speech LIVE: ‘India as a toy manufacturing will unleash innovation…’ says Khaitan & Co partner
Budget 2025 Speech LIVE: Sameer Shah, partner at Khaitan & Co says that turning India into a toy manufacturing hub will “unleash the creativity and innovation of our MSMEs.” He added that this initiative has the potential to bring unique and high-quality toys to the market, and will also allow global brands and leaders to consider India for their manufacturing base.
Budget 2025 Speech LIVE: Focus on product scheme for footwear & leather sectors
The focus on product scheme for footwear & leather sectors is expected to facilitate employment for 22 lakh persons, turnover of ₹4 lakh crore and exports of over ₹ 1.1 lakh crore, according to FM Sitharaman.
Budget 2025 Speech LIVE: ‘Dhan Dhanya Krishi Yojna will help farmers achieve self-sufficiency….’ says Khaitan & Co. partner
Moin Ladha, partner at Khaitan & Co says that the Dhan Dhanya Krishi Yojna will help farmers achieve self-sufficiency and reduce migration. “These measures will allow for higher export of produce outside India and boost cross-border trade, and ultimately limit migration to metro cities,” he added.
Budget 2025 Speech LIVE: PPP in infrastructure
- 3-year pipeline of projects by states to be given that can be implemented in private-public partnership (PPP) mode.
- Each infrastructure-related ministry is to come up with a 3-year plan to be implemented in PPP mode.
- The outlay of ₹1.5 lakh crore is proposed for 50-year interest-free loans.
Budget 2025 Speech LIVE: FM announces 5 National Centres of Excellence for skilling to equip youth
FM announced 5 National Centres of Excellence for Skilling will be established to equip the youth with the necessary skills for global opportunities.
- FM also promised global skilling partnerships to enable India to become a key player in global manufacturing.
- Infrastructure will be expanded in IITs set up after 2015, allowing for 6,500 more students across five IITs.
- A Centre of Excellence for AI in Education will be established with an outlay of ₹500 crore, she added.
Budget 2025 Speech LIVE: FM proposes more seats in medical colleges
FM Nirmala Sitharaman announced that 10,000 seats would be added in medical colleges from next year.
Budget 2025 Speech LIVE: FM proposes new scheme for women
In addition to enhancing the credit limit for MSMEs, the FM also announced a new scheme of ₹5 lakh for women, the Scheduled Cast, and the Scheduled Tribe.
Budget 2025 Speech LIVE: Saksham Anganwadi and Poshan 2.0 to empower women and children with nutrition
Saksham Anganwadi and Poshan 2.0 programs will provide vital nutritional support to 8 crore children, 1 crore mothers, and 20 lakh adolescent girls, focusing on lactating women, adolescent girls, and children.
Budget 2025 Speech LIVE: Manufacturing mission to boost make in India across all industry sizes
A new manufacturing mission under the Make in India initiative will support small, medium, and large industries through comprehensive policy backing and a detailed framework. The mission aims to create an ecosystem for solar PV cells, electrolysers, and grid-scale batteries.
Budget 2025 Speech LIVE: FM announces new funds for startups
FM Nirmala Sitharaman announced a fresh contribution of an additional ₹ 10,000 crore, in addition to existing government contribution of Rs. 10,000 crore for startups.
Budget 2025 Speech LIVE: Plans to establish national institute of food tech in Bihar
FM Sitharaman says, national institute of food tech to be established in Bihar to support entrepreneur, development and to enhance farmer income.
Budget 2025 Speech LIVE: Scheme to focus on manufacture of sustainable toys with a Made in India brand
Budget 2025 Speech LIVE: For the toys sector, the government will implement a scheme to make India a global manufacturing hub.
Budget 2025 Speech LIVE: New scheme announced for SC/ST women offering 5-year term loans
Budget 2025 Speech LIVE: A new scheme has been launched to offer term loans with a five-year tenure, benefiting 5 lakh women from SC/ST communities.
Budget 2025 Speech LIVE: FM Sitharaman announces Dhan Dhaniya Krishi Yojna
Budget 2025 Speech LIVE: Dhan Dhaniya Krishi Yojna in partnership with states to cover 100 districts with low productivity will help 1.7 cr farmers to build rural prosperity, says the FM. She also said the Yojana will generate ample opportunities in rural areas to make migration an option, and not necessity, says FM Nirmala Sitharaman
Budget 2025 Speech LIVE: FoF contribution of ₹10,000 crore to be set up
Budget 2025 Speech LIVE: New Fund of Funds (FoF) with fresh expanded scope & fresh contribution of ₹10,000 crore to be set up. FoF for startups received commitments for over ₹9 lakh crore.
Budget 2025 Speech LIVE: Additional infra for IITs; IIT Patna to be expanded says FM
Budget 2025 Speech LIVE: Additional infrastructure will be increased in the IITs established after 2014, said the FM. She also said that IIT Patna would be expanded
Budget 2025 Speech LIVE: FM unveils focus scheme for footwear and leather industry
Budget 2025 Speech LIVE: The Finance Minister announced a dedicated scheme for India’s footwear and leather sector, expected to generate employment for 22 lakh individuals, achieve a revenue of ₹4 lakh crore, and boost exports to over ₹1.1 lakh crore.
Budget 2025 Speech LIVE: FM says, India Post is set to be transformed into a major public logistics organisation
Budget 2025 Speech LIVE: India Post is set to be transformed into a major public logistics organisation. With the support of India Post Payments Bank and 2.4 lakh dak sevaks, it aims to become a catalyst for rural logistics and development.
Budget 2025 Speech LIVE: Broadband connectivity for all govt secondary schools
Budget 2025 Speech LIVE: FM Nirmala Sitharaman announced that broadband connectivity would be expanded to all government secondary schools and primary health centres in rural areas.
Budget 2025 Speech LIVE: FM Sitharaman says investment and turnover limits for classification of all MSMEs will be enhanced
Budget 2025 Speech LIVE: FM Sitharaman says, “The investment and turnover limits for classification of all MSMEs will be enhanced to 2.5 and 2 times respectively. This will give them the confidence to grow and generate employment for our youth.”
Budget 2025 Speech LIVE: India Post to be transformed, says FM
Budget 2025 Speech LIVE: Nirmala Sitharaman proposes to transform India Post into a large logistical organisation
Budget 2025 Speech LIVE: Limit under Kisan Credit Card enhanced
Budget 2025 Speech LIVE: FM Nirmala Sitharaman announced that the limit under Kisan Credit Card would be enhanced to ₹5 lakh from ₹3 lakh to further flow of credit to farmers.
Budget 2025 Speech LIVE: Govt to support NCDCs, says FM
Budget 2025 Speech LIVE: Government to provide support to National Cooperatives Development Corporations (NCDCs) for its lending operations for cooperative sector.
Budget 2025 Speech LIVE: FM Sitharaman says urea plant to be set up in Assam
Budget 2025 Speech LIVE: FM Sitharaman says, “Urea Plant to be set up in Assam to further augment urea supply”
- Plant with annual capacity of 12.7 lakh metric tons to be set up at Namrup, Assam
- 3 dormant urea plants in the Eastern region had been reopened
Budget 2025 Speech LIVE: ‘Indian economy is the fastest growing…’ says FM
Budget 2025 Speech LIVE: The FM says that the Idnian economy is the fastest-growing among all major global economies. “We see the next five years as a unique opportunity to realize ‘Sabka Vikas’, stimulating balanced growth of all regions”, says FM Nirmala Sitharaman
Budget 2025 Speech LIVE: A glimpse at the proposed measures
Budget 2025 Speech LIVE: The proposed development measures in the Budget 2025 span across the areas of Garib, Youth, Annadata and Nari
Budget 2025 Speech LIVE: FM Sitharaman says measures span 10 broad areas — poor, youth, farmers and women
Budget 2025 Speech LIVE: FM Sitharaman says, “In this Budget, the proposed development measures span 10 broad areas, focussing on the poor, youth, farmers and women.”
Budget 2025 Speech LIVE: FM Sitharaman says, “economy is fastest growing among all major economies”
Budget 2025 Speech LIVE: FM Sitharaman says, “Our economy is the fastest growing among all major economies. Our development track record for the past 10 years and structural reforms have drawn global attention. Confidence in India’s capability and potential has only grown in this period. We see the next 5 years as a unique opportunity to realise sabka vikas, stimulating balanced growth of all regions.”
Budget 2025 Speech LIVE: ‘Generate ample opportunities…’ says FM
Budget 2025 Speech LIVE: The motive is to “generate ample opportunities so that migration is more,” says the Finance Minister.
Budget 2025 Speech LIVE: Opposition has walked out of the Lok Sabha
Budget 2025 Speech LIVE: Opposition has walked out of the Lok Sabha
Budget 2025 Speech LIVE: Finance Minister Nirmala Sitharaman begins her speech
Budget 2025 Speech LIVE: FM Nirmala Sitharaman began her Budget Speech at the Parliament
Budget 2025 Speech LIVE: FM Nirmala Sitharaman begins Budget 2025 announcement in Parliament
Budget 2025 Speech LIVE: Finance Minister Nirmala Sitharaman has begun her Budget 2025 announcement in Parliament.
Budget 2025 Speech LIVE: PHDCCI President Hemant Jain feels Budget needs to ensure falling growth is tackled
Budget 2025 Speech LIVE: President of PHD Chamber of Commerce and Industry (PHDCCI), Hemant Jain told ANI that growth has fallen over the last couple of years, adding that the Budget needs to ensure this is tackled.
“This will happen by giving more money in the hands of the people and also improving the ease of doing business. We expect that income tax will be improved in favour of the middle class and investments will be increased in infrastructure and manufacturing sector…” he said.
