Tuesday, February 25, 2025 | 05:01 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Union Budget session 2025 highlights: Finance Minister Nirmala Sitharaman tables Economic Survey

Budget session latest highlights: Finance Minister Sitharaman tabled the Economic Survey today ahead of the presentation of the Budget. Catch the latest developments related to Union Budget here

Image BS Web Team New Delhi
Nirmala Sitharaman, Nirmala

Union Finance Minister Nirmala Sitharaman

Union Budget session 2025 LIVE updates: Before the 2025 Budget Session, Prime Minister Narendra Modi  expressed confidence that India would achieve its Viksit Bharat goal by its centenary of independence in 2047, stating the budget would energize and inspire the nation. PM Modi said that India has established itself well on the global pedestal, noting this would be the first full Budget of his third term.  PM Modi said that he believes the Budget would provide new momentum to India's growth, assuring that India would achieve developed status by 2047 through the collective determination of its 140 crore citizens. He stressed his administration's third term would pursue comprehensive national development with mission-oriented focus.    Finance Minister Sitharaman is set to deliver her eighth consecutive Union Budget presentation on Saturday, including last year's Interim Budget. The political landscape is more favorable compared to her July 2024 Budget, following BJP victories in key Assembly elections in Maharashtra and Haryana later that year. The current year features only two Assembly elections, marking the lowest number during the government's current five-year term.   The Centre has listed 16 Bills that it would try to pass during the Budget session, among which there are three new pieces of legislation. One of these new proposals is the Immigration and Foreigners Bill, which aims to strengthen legislation for identifying and removing foreign nationals who are residing illegally within the country.
 
During pre-Budget consultations with industry representatives on Monday, several key recommendations were made to the finance ministry. These included middle-class tax relief, fuel excise duty reductions, and maintaining focus on public capital expenditure. The fifth consultation round, attended by Finance Minister Sitharaman and senior officials, emphasized employment creation while also addressing economic consumption stimulation and factor market reforms to enhance growth.
Major industry groups CII and Assocham advocated for granting infrastructure status to the hotel and tourism industry, arguing this would facilitate foreign investment attraction and lower borrowing expenses for the hospitality sector.  The session will run from January 31 to February 13 before breaking for recess to examine the Budget proposals. The session will reconvene on March 10 and continue till April 4.
Read More
8:19 AM

Fundamentals of Indian economy remain robust with stable private consumption, says Economic Survey

"As the country aims to accelerate its economic growth rate in the coming years, it has the tailwind of strong balance sheets in the domestic corporate and financial sectors. But, globalisation is on the retreat," the survey stated.
8:05 AM

Date, time & where to watch FM Nirmala Sitharaman budget speech

Finance Minister Nirmala Sitharaman will begin her Budget speech in Lok Sabha at 11:00 am on February 1.
7:59 AM

India's GDP growth projected between FY26 between 6.3% and 6.8%, economic survey says

Union Finance Minister Nirmala Sitharaman presented the Economic Survey 2025 today.
7:39 AM

News update: Lok Sabha, Rajya Sabha adjourned

The Union Budget session started today with President Droupadi Murmu addressing both Houses of Parliament.
7:27 AM

Union Budget 2025 LIVE updates: Finance Minister Nirmala Sitharaman tables Economic Survey 2024-25

The Economic Survey, prepared by the Economic Division of the Department of Economic Affairs in the Ministry of Finance and formulated under the supervision of the chief economic adviser, provides insights into the state of the economy.
7:17 AM

Union Budget 2025 LIVE updates: Economic Survey likely to project 6.3-6.8% GDP growth

The economic survey, coming a day ahead of the annual budget, is likely to project GDP growth of 6.3 per cent-6.8 per cent in 2025-26, Reuters reported today.
7:12 AM

Incumbent for PM Modi to expose and go after them: Karti Chidambaram on 'foreign interference' remarks

"It's incumbent upon him to expose that foreign interference and use every organ of the state and all forums he has internationally to expose them and go after them legally,” Congress leader Karti Chidambaram said today.
6:57 AM

Union Budget LIVE updates: President Droupadi Murmu departs from Parliament

In her speech, Droupadi Murmu emphasised that government schemes have lifted millions out of poverty and continue to shape India’s future. 
6:48 AM

President Murmu opens Budget session 2025: schemes in focus

President Murmu's speech outlined major government policies and future plans, focusing on housing, healthcare, women empowerment, and youth development. Read here for more details.
6:29 AM

President Murmu on AI, cybercrime, and deepfake technology

President Murmu highlighted the growing threats posed by digital fraud, cybercrime, and deepfake technology. She highlighted that these challenges are critical concerns for social, financial, and national security. Government has started 'India AI Mission' to further India's contribution in the field of artificial intelligence, she said.
6:20 AM

India is making its presence felt as a major global player in field of digital technology, says President

My government has used digital technology as a tool for social justice, equality, says President Murmu. 
6:10 AM

Government setting up modern education system for students through National Education Policy, says Prez Murmu

President Droupadi Murmu underscored her government's commitment to establishing a modern education system for students, under the National Education Policy.
6:03 AM

Digi Payment Sakhis connecting people in remote areas to financial system, says President Murmu

Banking and Digi Payment Sakhis playing important role in connecting people in remote areas to financial system, says President Murmu. 
6:00 AM

Aiming for 3 crore 'Lakhpati Didis', says President Murmu

More than 91 lakh self help groups are being empowered under National Rural Livelihood Mission: President Murmu.
5:56 AM

'One Nation, One Election' and Waqf Amendment Bill big decisions of govt: President Murmu

President Droupadi Murmu underscored tha the government has taken big decisions on issues such as Waqf boards and 'One Nation, One Election' bill. 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 31 2025 | 9:21 AM IST

Explore News