Union Budget 2025 Takeaway | Govt opens up nuclear energy sector for private firms, offers incentives

Nirmala Sitharaman presented her historic eighth Budget on February 1, 2025. Govt plans to amend the Atomic Energy Act and the Civil liability for the Nuclear damage Act to offer opportunities and incentives to private energy firms.

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.

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.

During the budget 2025 presentation FM, Sitharaman revealed that government wants active private participation from private players in nuclear energy sector.

It plans to amend the Atomic Energy Act and the Civil liability for the Nuclear damage Act to offer opportunities and incentives to private energy firms.

Government said 100 GW of nuclear power is essential for the energy transition from coal-based power generation.

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, is presenting 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.