Union Finance Minister Nirmala Sitharaman..
Credit: PTI Photo
Finance Minister Nirmala Sitharaman presented her record eighth Budget this year. After the Budget was presented in the Lok Sabha, the FM also presented the document in the Rajya Sabha.
She said broadband connectivity would be provided to all government secondary schools and primary healthcare centres.
The FM added 50,000 Atal Tinkering Labs would be set up in next 5 years to cultivate scientific temper in young minds.
FM Sitharaman announced setting up 5 national centres for skilling with global expertise.
The Modi govt will launch the Bharatiya Bhasha Pushtak scheme to provide digital forms of Indian language books for schools and higher education, FM said.
The govt will create additional infrastructure in five IITs; to expand IIT Patna, she added.
Finance Minister announced measures to promote nutritional support in the country. Next year 10,000 seats will be added in medical colleges and hospitals; 75,000 seats to be added in next 5 years, she added.
The Union Budget 2025 is the second Budget presented under the Modi 3.0 government, the first having come after the Lok Sabha elections.
Like the previous Budgets, this has kept in mind the government's goal of Viksit Bharat by 2047.
Yesterday, FM Sitharaman tabled the Economic Survey, which projects India's GDP to grow in the range of 6.3-6.8 per cent.In the last Budget, presented in June after NDA won the Lok Sabha polls, FM proposed new income tax slabs -- up to Rs 3 lakh nil, Rs 3-7L 5%, Rs 7-10L 10%, Rs 10-12L 15%, Rs 12-15L 20%, above Rs 15L 30%.
Fiscal deficit was estimated at 4.9 per cent of GDP and Sitharaman had stated the government aimed to reach 4.5 per cent fiscal deficit in 2025-26.
Union Budget 2025 | Nirmala Sitharaman, who continues to be Finance Minister, will present her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', reports suggest there might be a tax relief for those making up to Rs 15 lakh per year. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.