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Latest Business News Live Updates Today (February 1, 2025): Union Budget 2025: One Crore Middle-Income Taxpayers Will Be Exempted From Taxes, Confirms Finance Minister Sitharaman

Catch up on the latest stock market, economy, and financial news and live updates for February 1, 2025

Get the latest news updates and breaking news stories from the Business triggered by the first post of the day.Disclaimer: This is an automatically generated live blog and has not been edited by News24 Team.

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Feb 01, 2025 08:16 PM

Union Budget 2025: One Crore Middle-Income Taxpayers Will Be Exempted From Taxes, Confirms Finance Minister Sitharaman

"One crore people will pay no tax," the Finance Minister told reporters at a post-Budget press conference. She was answering a query about the number of people who will be out of the tax net with the new proposals. Read the full story here

Feb 01, 2025 06:49 PM

Union Budget 2025: Know Key Allocations And Sector-Wide Reforms Announced

According to reports, the healthcare sector has been allotted Rs 98,311 crore. Last time the amount was Rs 89,287 crore. Read the full story here

Feb 01, 2025 06:32 PM

Union Budget 2025: Will Tax Relief Fuel Economic Growth Or Backfire By Reducing Consumption With Increase GST?

Will the tax relief announced by Finance Minister Nirmala Sitharaman in the Union Budget 2025 boost the Indian economy?---Advertisement--- Will the disposable money in the pockets of the salaried people encourage them to spend more so that the economy will get pushed?---Advertisement--- Will it leave the government with less income tax revenue collection and at […] Read the full story here

Feb 01, 2025 06:27 PM

Good News For Vande Bharat Passengers: 20-Coach Trains To Replace 16-Coach Trains On These Routes

There is good news for the passengers of the Thiruvananthapuram-Kasargod and Visakhapatnam-Secunderabad routes. The railways has decided to replace the current 16-coach trains with 20-coach trains on the two routes.  Read the full story here

Feb 01, 2025 06:15 PM

Top 10 Countries With The Largest Gold Reserves In 2024: India Ranks At..

The US holds the largest gold reserves in the world weighing 609,527.85 tonnes with a total value of $8.133 billion... Read the full story here

Feb 01, 2025 03:30 PM

Union Budget 2025: Is BJP Gearing Up For Bihar Elections With Strategic Announcements?

Has the BJP launched preparations for Bihar Assembly Elections 2025, scheduled for November? Did Nirmala Sitharaman begin the preparations with the Union Budget 2025? Read the full story here

Feb 01, 2025 03:00 PM

Union Budget 2025: From Ajay Bagga To NSE MD, Here Are The Takes Of Market Experts

Finance Minister said that Budget 2025 focuses on accelerating growth, inclusive development and empowering India’s Middle Class. In her budgetary speech, she outlined ‘Viksit Bharat’ Vision which includes zero poverty, quality education, healthcare and empowered Women. Read the full story here

Feb 01, 2025 02:45 PM

Union Budget 2025 Highlights: 8 Key Takeaways From Nirmala Sitharaman’s ‘Common-Man’ Budget

There will be 50,000 installments of Atal Tinkering Labs in the Government schools in 5 years. Read the full story here

Feb 01, 2025 01:59 PM

Union Budget 2025: Did Nirmala Sitharaman’s Tax Relief Target Delhi’s Middle-Class Voters?

Did Finance Minister Nirmala Sitharaman prepare the Union Budget 2025 in such a way as to give maximum concessions and benefits to the people of these two states? Read the full story here

Feb 01, 2025 01:43 PM

Union Budget 2025: No Announcement On 8th Pay Commission – What Does This Mean?

Prior to this, several media reports said that the government might announce something major on the new Pay Commission in the Budget. However, News24 reported that the government may not come up with any major announcement on the new Pay Commission. Read the full story here

Feb 01, 2025 01:43 PM

Union Budget 2025: From Amit Shah To Shashi Tharoor – How Political Leaders Reacted?

Union Home Amit Shah posted about this on his X handle and wrote that, "The middle class is always in PM Modi’s heart. Zero Income Tax till Rs 12 Lakh Income. " Read the full story here

Feb 01, 2025 01:30 PM

France Unveils Rafale F-4 Fighter Jet Variant; India’s Ally to Receive F-4 Jets; Know How It’s More Powerful Than The F-3

France has launched its new variant of Rafale fighter jet, F-4. India’s close ally the United Arab Emirates will be its first customer. Read the full story here

Feb 01, 2025 01:18 PM

Budget 2025: Share Market Tumble – Sensex Falls Over 400 Points During The Trade

The stock market is open today despite it being a Saturday. The reason behind this is the presentation of the Union Budget today. Read the full story here

Feb 01, 2025 01:01 PM

Budget 2025: What’s Cheaper And What’s Costlier In FM Nirmala Sitharaman’s Budget | See List

Finance Minister said that Budget 2025 focuses on accelerating growth, inclusive development and empowering India’s Middle Class. In her budgetary speech, she outlined ‘Viksit Bharat’ Vision which includes Zero Poverty, Quality Education, Healthcare And Empowered Women. Read the full story here

Feb 01, 2025 12:55 PM

Budget 2025: How Do New Income Tax Slabs Differ From The Old Ones? Key Details Inside

For salaries taxpayers, the exemption limit is Rs 12.75 lakh with standard deduction of Rs 75,000. Read the full story here

Feb 01, 2025 12:33 PM

Budget 2025: New Tax Slabs And Rates In New Regime Announced- Check Details

One of the most notable changes is the creation of a ‘Nil tax’ slab up to ₹12 lakh of income. Read the full story here

Feb 01, 2025 12:32 PM

Union Budget 2025 Explained: How Will Income Tax Relief Supercharge Consumption, Economic Growth?

Union Budget 2025: Finance Minister Nirmala Sitharaman has boldly decided to raise the level of income exempted from Income Tax. Read the full story here

Feb 01, 2025 12:16 PM

Budget 2025: HUGE Relief For Middle Class! No Income Tax On Earnings Up To Rs 12 Lakh Under New Tax Regime

In a significant announcement, Sitharaman revealed that individuals with an annual income of up to Rs 12 lakh will be exempt from paying income tax. Read the full story here

Feb 01, 2025 12:12 PM

Budget 2025: Finance Minister Announces Rationalization Of TDS, TCS – Check Details

"In the budget of July 2024, the delay of the payments of the TDS up to the due date of filing statements was decriminalized; I propose the same from the TCS provisions as well," said Sitharaman. Read the full story here

Feb 01, 2025 12:06 PM

New Income Tax Bill To Be Introduced Next Week | Union Budget 2025

The idea of a new direct tax code was first mentioned by Sitharaman during the presentation of the 2024/25 budget in July Read the full story here

Feb 01, 2025 11:50 AM

Budget 2025: FDI Limit In Insurance Sector Raised From 74% To 100%

The Finance Minister Nirmala Sitharaman presented her 8th Budget and the Modi government’s second Budget of the third term of the NDA government at 11 am today, February 1. Read the full story here

Feb 01, 2025 10:49 AM

Why Is The Budget Briefcase Always Red? A Tribute To Goddess Lakshmi Or A British-Era Tradition?

In Hinduism, red is considered highly auspicious and is known to attract attention. This is one of the reasons why it is prominently used during the budget presentation. Read the full story here

Feb 01, 2025 09:40 AM

Budget 2025: FM Nirmala Sitharaman Stuns In White Saree Designed By A Padma Awadee, Honors Madhubani Art

During Union Budget 2024-25, Finance Minister Nirmala Sitharaman was dressed in a white silk saree with a purple and gold border. Read the full story here

Feb 01, 2025 09:13 AM

Budget 2025: Share Market Is Hopeful – Sensex & Nifty Open In Green

The Finance Minister Nirmala Sitharaman is set to present her 8th Budget and the Modi government’s second Budget of the third term of the NDA government at 11 am today, February 1. Read the full story here

Feb 01, 2025 08:17 AM

Budget 2025: What Are The Expectations Of Common People? Income Tax Rebate And More

"Being a salaried person, I expect that the Govt will provide some relaxation in tax limit; I hope that the Govt will alter the Rs 5 lakh slab and will exceed that limit upto Rs 7.5 lakhs," ANI quoted Deepak, a salaried person. Read the full story here

Feb 01, 2025 07:48 AM

Budget 2025: Nirmala Sitharaman To Set Record With 8th Consecutive Presentation – Key Takeaways

The economy is facing subdued growth, currency fluctuations, and geopolitical uncertainties, which have slowed down the economic growth rate to a four-year low. Read the full story here

Feb 01, 2025 06:57 AM

Budget 2025: A Fashion Legacy – Finance Minister Nirmala Sitharaman’s Budget Day Attire Over The Years; In Pics

During Union Budget 2024-25, Finance Minister Nirmala Sitharaman was dressed in a white silk saree with a purple and gold border. Read the full story here

First published on: Feb 01, 2025 08:00 AM IST


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