weather_iconDublin | 7.29 °C | AQI 13
Tuesday, 4 March, 2025

---Advertisement---

India

Union Budget 2025 LIVE Updates: Big Relief For Middle Class! No Income Tax Liability Up To Rs 12 Lakhs

The Budget will be televised live on Sansad TV on February 1, allowing citizens to watch the presentation in real-time.

Union Budget 2025 LIVE Updates: Union Finance Minister Nirmala Sitharaman is presenting the union budget 2025. The Budget speech started at around 11 am. Moreover, this is the second budget of the Modi 3.0 government. With this, Sitharaman became the country’s first Finance Minister to present the Union Budget for the 8th consecutive time. 

The Budget is 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 is offering extensive coverage, and expert opinions on the upcoming budget.

---Advertisement---

Union Budget 2025 LIVE Updates:

---Advertisement---

12:19 (IST) 1 Feb 2025
New Income Tax Slabs Announced

No Tax For 0-4 Lakhs Says FM

4-8 Lakhs -5 %

8-12 Lakhs -10%

12-16 Lakhs -15 %

16-20 Lakhs- 20%

20-24 Lakhs -25%

Above 24 Lakhs- 30% Tax

12:13 (IST) 1 Feb 2025
Big Relief For Middle Class! No Income Tax Liability Up To Rs 12 Lakhs, Says FM

No Income Tax Liability Up To Rs 12 Lakhs, Says FM

#unionbudget2025 | Finance Minister Nirmala Sitharaman says, " I am now happy to announce that there will be no income tax up to an income of Rs 12 lakhs." pic.twitter.com/rDUEulG3b9— ANI (@ANI) February 1, 2025Read: https://news24online.com/business/budget-2025-no-income-tax-till-income-of-rs-12-lakh/459380/
12:12 (IST) 1 Feb 2025
Limit For Tax Deduction For Senior Citizens To Be Doubled To Rs 1 Lakh

Limit For Tax Deduction For Senior Citizens To Be Doubled To Rs 1 Lakh, said FM.

12:11 (IST) 1 Feb 2025
Nirmala Sitharaman Proposes Decriminalization Of TCS Payment Delays In Budget 2025

Finance Minister Nirmala Sitharaman said, "In the budget of July 2024, the delay of the payments of the TDS up to the due date of filing statements was decriminalised; I propose the same from the TCS provisions as well..."

12:09 (IST) 1 Feb 2025
FM Proposes Exemption Of Social Welfare Surcharge On 82 Tariff Lines

Finance Minister Nirmala Sitharaman said, "I propose to exempt social welfare surcharge on 82 tariff lines that are as subject to cess..."

12:07 (IST) 1 Feb 2025
Nirmala Sitharaman Proposes Removal Of 7 Tariff Rates As Part Of Customs Review

Finance Minister Nirmala Sitharaman said, "As a part of a comprehensive review of customs rates structure announced in the July 2024 budget, I propose to remove 7 tariff rates - this is over and above the tariffs removed in the 2023-24 budget..."

12:01 (IST) 1 Feb 2025
FM Nirmala Sitharaman Proposes Rs 1.5 Lakh Crore For States' Infrastructure Via Interest-Free Loans

Investing in the Economy Each infrastructure ministry will come up with a three-year pipeline of projects to be developed in PPP mode. An outlay of ₹1.5 lakh crore is proposed for States’ infrastructure spending through 50-year interest-free loans: FM.

11:56 (IST) 1 Feb 2025
Fiscal Deficit Is Estimated To Be 4.4% Of The GDP, Says FM

Finance Minister Nirmala Sitharaman said, "The fiscal deficit is estimated to be 4.4% of the GDP..."

11:51 (IST) 1 Feb 2025
BIG TICKET REFORM! Nirmala Sitharaman Announces To Allow 100% FDI In Insurance Sector

Finance Minister Nirmala Sitharaman has made a significant announcement, proposing to raise the Foreign Direct Investment (FDI) limit in the insurance sector from 74% to 100%. This move is expected to attract more foreign investments, boosting the sector’s growth and development.

Read: https://news24online.com/business/budget-2025-fdi-limit-in-insurance-sector-from-74-to-100/459323/

11:50 (IST) 1 Feb 2025
New Income Tax Bill Next Week, Says FM Nirmala Sitharaman

'I propose to introduce the New Income Tax Bill next week,' says FM Nirmala Sitharaman.

11:46 (IST) 1 Feb 2025
FM Announces 'Bharat Trade Net' For Streamlined International Trade And Financing Solutions

Finance Minister Nirmala Sitharaman says, "A digital public infrastructure - 'Bharat Trade Net' (BTN) for international trade will be setup as a unified platform for trade documentation and financing solutions. The BTN will be aligned with international practices..."

#unionbudget2025 | Finance Minister Nirmala Sitharaman says, "A digital public infrastructure - 'Bharat Trade Net' (BTN) for international trade will be setup as a unified platform for trade documentation and financing solutions. The BTN will be aligned with international… pic.twitter.com/UQNHpLO2Sf— ANI (@ANI) February 1, 2025
11:44 (IST) 1 Feb 2025
FM Enhances Kisan Credit Card Loan Limit

FM Enhances Kisan Credit Card Loan Limit and announces new Urea Plant in Assam

11:42 (IST) 1 Feb 2025
FM Announces Extension Of Jal Jeevan Mission Until 2028 With Enhanced Funding

"I am pleased to announce the extension of Jal Jeevan Mission until 2028 with an enhanced total outlay," says Union FM Nirmala Sitharaman.

11:40 (IST) 1 Feb 2025
FM Announces Nuclear Energy Mission, Aims For 100 GW By 2047

Finance Minister Nirmala Sitharaman said, "Nuclear Energy Mission for Viksit Bharat. Development of at least 100 gW of Nuclear energy by 2047 is essential for our energy transition. For active partnerships with the private sectors towards this goal, amendments to the Atomic Energy Act and Civil Liability for the Nuclear Damage Act will be taken out.."

11:38 (IST) 1 Feb 2025
Rs 10,000 Crore Fund For Startups And New Scheme For Women, SC/ST Entrepreneurs: FM

Rs 10,000 Crore Fund For Startups And New Scheme For Women, SC/ST Entrepreneurs has been announced by the FM.

11:36 (IST) 1 Feb 2025
Focus Product Scheme For Footwear & Leather Sectors Is Expected To Facilitate Employment For 22 Lakh Persons: FM

FM Sitharaman said that focus 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. Scheme to Make India a Global Toys Hub; To create high-quality toys representing the Made In India brand, she said.

11:36 (IST) 1 Feb 2025
FM Announces Rs 1 Lakh Crore Urban Challenge Fund To Transform Cities Into Growth Hubs

Finance Minister Nirmala Sitharaman says, "The govt will setup an Urban Challenge Fund of Rs 1 lakh crore to implement the proposals to make cities as growth hubs.."

11:34 (IST) 1 Feb 2025
FM Announces Enhanced Credit Guarantee And Customized Credit Cards For MSMEs

Union Finance Minister Nirmala Sitharaman said, "To improve access to credit, the credit guarantee cover will be enhanced. For micro and small enterprises from Rs 5 to Rs 10 crores leading to additional credit of Rs 1.5 Lakh Crores in the next 5 years. For startups, from Rs 10 Crores to Rs 20 Crores with the guarantee fee being moderated to 1% for loans in 27 focus sectors which are important for Aatmanirbhar Bharat. For well-run exporter MSMEs, for term loans up to Rs 20 Crores. Also for the micro-enterprises, we will introduce customised credit cards with a Rs 5 Lkah limit for micro-enterprises registered on Udyam portal."

11:32 (IST) 1 Feb 2025
FM Outlines 'Viksit Bharat' Vision: Zero Poverty, Quality Education, Healthcare And Empowered Women

FM Outlines 'Viksit Bharat' Vision: Zero Poverty, Quality Education, Healthcare And Empowered Women.

11:29 (IST) 1 Feb 2025
Budget 2025 Focuses On Accelerating Growth, Inclusive Development And Empowering India's Middle Class

FM said that Budget 2025 Focuses On Accelerating Growth, Inclusive Development And Empowering India's Middle Class.

11:26 (IST) 1 Feb 2025
PM Krishi Dhan Dhan Yojana Developing Agri Dist Programme: FM

PM Krishi Dhan Dhan Yojana developing agri dist programme, govt will take in partnership with states. Programme will focus on 100 low productivity Districts: FM Sitharaman

11:25 (IST) 1 Feb 2025
FM Announces Increased Investment And Turnover Limits For MSMEs

Union Finance Minister Nirmala Sitharaman said, "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."

11:23 (IST) 1 Feb 2025
Investment Limit For MSME Classification To Be Made 2.5 Times

Investment limit for MSME classification to be made 2.5 times. Turnover limits for MSME classification to be doubled.

11:23 (IST) 1 Feb 2025
FM Announces PM Dhan Dhaanya Krishi Yojana To Boost Agriculture In 100 Low-Productivity Districts

Union Finance Minister Nirmala Sitharaman says, "PM Dhan Dhaanya Krishi Yojana - developing agri districts program...Our government will undertake a PM Dhan Dhaanya Krishi Yojana in partnership with states. Through the convergence of existing schemes and specialised measures, the program will cover 100 districts with low productivity, moderate crop intensity and below-average credit parameters. It aims to enhance cultural productivity..."

11:20 (IST) 1 Feb 2025
MPs From Opposition Parties Walk Out Of Lok Sabha During FM’s Budgetary Speech

MPs from the opposition parties walk out of Lok Sabha as Finance Minister Nirmala Sitharaman reads her budgetary speech.

#watch | #unionbudget2025 | MPs from the opposition parties walk out of Lok Sabha as Finance Minister Nirmala Sitharaman reads her budgetary speechShe began her budgetary speech amid protests by Samajwadi Party MPs including party chief Akhilesh Yadav(Source - Sansad TV) pic.twitter.com/O0qcgw3BS4— ANI (@ANI) February 1, 2025

11:18 (IST) 1 Feb 2025
Urea Plant With 12.7 Lakh Metric Ton Capacity To Be Set Up In Assam – FM

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.

11:14 (IST) 1 Feb 2025
Next 5 Years Are A Unique Opportunity To Realise Sabka Vikas, And Stimulate Growth For All Regions: FM

Next 5 years are a unique opportunity to realise Sabka Vikas, and stimulate growth for all regions: FM Nirmala Sitharaman.

11:14 (IST) 1 Feb 2025
Nirmala Sitharaman Proposes 10 Key Development Areas For Poor, Youth, Farmers And Women

Union Finance Minister Nirmala Sitharaman said, "In this Budget, the proposed development measures span 10 broad areas, focussing on the poor, youth, farmers and women."

11:07 (IST) 1 Feb 2025
We See Next Five Years As A Unique Opportunity To Realize ‘Sabka Vikas’, Says FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman begins the Budget 2025 speech in the Lok Sabha. She said, " Our economy is the fastest-growing among all major global economies. Our development track record of 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 five years as a unique opportunity to realize ‘Sabka Vikas’, stimulating balanced growth of all regions."

11:02 (IST) 1 Feb 2025
Finance Minister Nirmala Sitharaman Begins Budget 2025 Speech

Finance Minister Nirmala Sitharaman begins the Budget 2025 speech in the Lok Sabha. With this, she becomes first Finance Minister to present the Budget for 8th consecutive time.

10:47 (IST) 1 Feb 2025
Union Budget 2025 LIVE: Union Cabinet Meeting Concludes

Union Cabinet Meeting Concludes. Cabinet has approved Union Budget 2025. Union Finance Minister Nirmala Sitharaman will present the Union Budget shortly.

10:44 (IST) 1 Feb 2025
We Don't Have Much Expectations From Budget, Says Congress MP Jairam Ramesh

On Expectations from the Union Budget 2025, Congress MP Jairam Ramesh said, "Budget has an intent, content - it both make the extent of the budget. We don't have much expectations from the budget that some big announcements will be made and that will encourage private investment... Let's see if there will be some tax relaxation for the middle class or not. Also, we need to see if the investors get some relaxation from the 'tax terrorism'. We have demanded some reforms in GST. Modi 3.0 is being discussed all over the world, let's see when GST 2.0 comes."

10:39 (IST) 1 Feb 2025
Cabinet Approves Union Budget 2025

Cabinet has approved Union Budget 2025. Union Finance Minister Nirmala Sitharaman will present the Union Budget shortly.

10:34 (IST) 1 Feb 2025
Union Home Minister Amit Shah Arrives At Parliament

Union Home Minister Amit Shah arrives at parliament. Union Finance Minister Nirmala Sitharaman will present the Union Budget shortly.

10:32 (IST) 1 Feb 2025
JDU MP Sanjay Jha Thanks FM For Honoring Mithila And Bihar With Madhubani Saree

JD(U) MP Sanjay Kumar Jha said, "On behalf of the entire Mithila and Bihar, I extend my gratitude that the Finance Minister Nirmala Sitharaman is wearing a saree with Madhubani painting on it as she presents the #unionbudget2025 today. We were there with her when the 2021 Padma Shri Dulari Devi gifted her the saree. She had requested FM to wear it when she presents the Budget. I thank her that she wore the saree today and gave a message...She has honoured Mithila area and Bihar with this."

10:28 (IST) 1 Feb 2025
Union Cabinet Meeting Begins In Parliament Ahead Of Budget Presentation

Union Cabinet Meeting begins in Parliament Ahead Of Budget Presentation. Union Finance Minister Nirmala Sitharaman will present the Union Budget shortly.

10:25 (IST) 1 Feb 2025
Budget To Focus On Country's Welfare And 'Viksit Bharat' Vision Says, Union Minister Gajendra Singh Shekhawat

Union Minister Gajendra Singh Shekhawat said, "The Budget will be in continuity and will be for the welfare of the country, of the poor and will be a novel and strong step towards the resolve of making 'Viksit Bharat'...

10:15 (IST) 1 Feb 2025
Union Minister Pralhad Joshi Promises Pro-People, Pro-Poor Budget

Union Minister Pralhad Joshi said, "Ever since economy of this country started being taken care of under the leadership of PM Narendra Modi, we have given pro-people, pro-poor, pro-middle class budget. It will be the same this time."

10:11 (IST) 1 Feb 2025
It Will Be For Every Section Of Society, Says Defence Minister Rajnath Singh

Defence Minister Rajnath Singh arrived at the Parliament. He said, "Budget will be presented. It will be for every section of society."

#watch | Defence Minister Rajnath Singh arrives at the Parliament. Union Finance Minister Nirmala Sitharaman will present the #unionbudget2025 at the Parliament today. He says, "Budget will be presented. It will be for every section of society." pic.twitter.com/0QHZ7rfAx1— ANI (@ANI) February 1, 2025

10:09 (IST) 1 Feb 2025
We Have Very Little Expectations From Government Says Businessman Robert Vadra

On expectations from Union Budget 2025, Businessman Robert Vadra said, "We have very little expectations from the government. I would like Nirmala Sitharaman to be among the people, listen to people and the biggest issue has been inflation for a long time and people are in so much trouble, there is unemployment... Kumbh is going on but the fares of trains, flights have also increased. The Union Budget should be in the interest of the people. I think it is not about BJP or Congress or any other party, everyone should be united and the budget should be in the interest of the country and the people."

10:06 (IST) 1 Feb 2025
FM Nirmala Sitharaman Arrives At Parliament

Union Finance Minister Nirmala Sitharaman arrives at the Parliament. She will present the Union Budget shortly.

10:04 (IST) 1 Feb 2025
Sheetal Kalro Highlights Expectations For Farmers, Youth, Women, And Salaried Employees

Sheetal Kalro, Deputy Director General, IMC Chamber of Commerce and Industry said, "There are a lot of expectations with the Budget. This Budget will have a lot of focus on farmers, youth, women, common man and salaried employees...Government has always focussed on senior citizens, their loans, insurances, medical aid are taken note of. A lot of focus will also be on women..."

10:00 (IST) 1 Feb 2025
FM Nirmala Sitharaman Arrives At Parliament

Union Finance Minister Nirmala Sitharaman arrives at the Parliament, after meeting President Droupadi Murmu at Rashtrapati Bhavan. She will present Union Budget at the House, shortly.

09:57 (IST) 1 Feb 2025
FM Nirmala Sitharaman Leaves From Rashtrapati Bhavan

Union Finance Minister Nirmala Sitharaman leaves from Rashtrapati Bhavan after meeting President Droupadi Murmu.

09:54 (IST) 1 Feb 2025
Sanjay Mehta Anticipates Fiscal Discipline, Agriculture And Infrastructure Focus In Budget

Sanjay Mehta, Deputy Director General of IMC Chamber of Commerce said, "...Like every Budget of this government in the last 5 years, the first thing that will be discussed is Fiscal Discipline. FM has always emphasised on this in every Budget. Fiscal discipline will be the focus of this Budget. Then the focus will be on Agriculture, on farmers, on rural development, on employment and manufacturing, on CapEx, on infrastructure. These things are common in the Budget of last 10 years. We hope the same..."

#watch | #unionbudget2025 | Mumbai: Sanjay Mehta, Deputy Director General of IMC Chamber of Commerce says, "...Like every Budget of this government in the last 5 years, the first thing that will be discussed is Fiscal Discipline. FM has always emphasised on this in every Budget.… pic.twitter.com/XrfpN1620K— ANI (@ANI) February 1, 2025
09:52 (IST) 1 Feb 2025
President Droupadi Murmu Offers 'Dahi-Cheeni' To FM Nirmala Sitharaman

President Droupadi Murmu offered 'Dahi-Cheeni' To FM Nirmala Sitharaman. She will present the budget at 11 am today.

09:43 (IST) 1 Feb 2025
FM Nirmala Sitharaman And MoS Finance Pankaj Chaudhary Meet President Droupadi Murmu At Rashtrapati Bhavan

Union Finance Minister Nirmala Sitharaman and MoS Finance Pankaj Chaudhary met President Droupadi Murmu at Rashtrapati Bhavan ahead of the Budget Presentation.

09:39 (IST) 1 Feb 2025
FM Nirmala Sitharaman Meets President Droupadi Murmu Ahead Of Budget Presentation

Union Finance Minister Nirmala Sitharaman and MoS Finance Pankaj Chaudhary meet President Droupadi Murmu at the Rashtrapati Bhavan.

#watch | Delhi | Union Finance Minister Nirmala Sitharaman and MoS Finance Pankaj Chaudhary meet President Droupadi Murmu at the Rashtrapati Bhavan Union Finance Minister Nirmala Sitharaman will present #unionbudget2025, today at Lok Sabha pic.twitter.com/D8PYCoGf4K— ANI (@ANI) February 1, 2025
09:38 (IST) 1 Feb 2025
FM Nirmala Sitharaman And MoS Finance Pankaj Chaudhary Arrive At Rashtrapati Bhavan

Union Finance Minister Nirmala Sitharaman and MoS Finance Pankaj Chaudhary arrive at the Rashtrapati Bhavan to meet President Droupadi Murmu ahead of tabling.

HISTORY

Written By

Vaidika Thapa


Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

Related Story

Live News

---Advertisement---


live

Latest LIVE News Trending Today, Real Time Updates: Jammu-Srinagar National Highway Remains Closed Due To Landslide At Mehad, Ramban

Mar 04, 2025
Latest LIVE News Trending Today, Real Time Updates
  • 11:12 (IST) 4 Mar 2025

    PM Modi Inaugurates Gujarat’s Vantara, Sanctuary For 1.5 Lakh Rescued Wildlife; Visits Advanced Veterinary Hospital

N24 Shorts Logo

SHORTS

Ajinkya Rahane
Sports

KKR Captain Revealed: Ajinkya Rahane To Lead 3-Time Champions In IPL 2025

Rahane will be the 8th player to lead KKR in the IPL after Sourav Ganguly, Brendon McCullum, Gautam Gambhir, Dinesh Karthik, Eoin Morgan, Shreyas Iyer, and Nitish Rana.

View All Shorts

---Advertisement---

Trending