Union Finance Minister Nirmala Sitharaman will present the union budget 2025 on Saturday, February 1 at around 11 am. Moreover, this will be the second budget of the Modi 3.0 government. With this, Sitharaman will become the country’s first Finance Minister to present the Union Budget for the 8th consecutive time.
The upcoming budget may prioritize significant capital spending, mainly on road infrastructure and Indian Railways. Additionally, media reports anticipate income tax relief, particularly on the two regimes. Furthermore, this Budget will be a crucial determinant of India’s economic growth for the next fiscal year. Various stakeholders are eagerly waiting for the announcements that will shape policy decisions and financial strategies.
Union Budget 2025: Where To Watch It LIVE?
The Budget will be televised live on Sansad TV on February 1, allowing citizens to watch the presentation in real-time. Additionally, for thorough coverage, including major announcements and expert analysis, viewers can also switch to prominent news channels and websites. Furthermore, the News24 website will offer extensive coverage, and expert opinions on the upcoming budget.
Key Expectations
Subhash Chandra Garg, former Finance Secretary of India, in an exclusive interview with News24 lists his key expectations from the budget. They are given below:
- Government’s budget is expected to rise to Rs 52-53 trillion this year.
- Capital expenditure will increase to approximately Rs 12 lakh crores.
- Interest expenditure is projected to rise significantly to Rs 30 lakh crores.
- The government may introduce something in the PM Kisan scheme or launch new initiatives for women.
- The maximum income tax rate of 30% should kick in from the income of Rs 25 lakhs.
- Additionally, the FM should consider merging the two existing tax systems into a single, unified system.
- Government should prioritize the disinvestment and privatization programs.
