Union Budget 2025 Live News Updates: Here’s all the updates from the Union Budget presented in the Parliament by Finance Minister Nirmala Sitharaman. Look out for announcement regarding changes in income tax rates and slabs, capital expenditures, new infrastructure projects, agriculture and railway spending plans and more.
When is the Union Budget 2025 presented?
The Union Budget will presented by the Finance Minister Nirmala Sitharaman in the Parliament today i.e. February 1, 2025 at about 11 AM. The Stock Markets remain open today despite being a Saturday in lieu of the Budget. businessline has a separate live covering the stock market which you can follow here. The budget will plan out & project the Union Government’s revenues and expenses for the next financial year starting from April 1, 2025 to March 31, 2026.
To know about more prior budgets, please click here.
How & Where to watch the Budget?
The Budget 2025 presentation will be streamed on various platforms. You can watch the live stream of the event in channels like Sansad TV, Doordarshan in addition to most news channels and their respective YouTube channels.
Here’s why the Union Budget 2025 is so important:
Expectations of the Union Government increasing the base exemption limit for income tax are sky high. In addition to that several sectors have expressed their expectations for the budget which we have covered extensively in our Budget Expectations Live which can be read here.
This is the first full fledged budget in the BJP & Modi’s third tenure. This could potentially set the tone for the remaining years of the tenure. This is also the record 8th successive budget presentation by Finance Minister Nirmala Sitharaman.
With GDP numbers in Q2FY 25 showing 5.4% growth and Economic Survey Report released yesterday projecting a modest 6.3% to 6.8% growth in FY26, a lot depends on how the Government is going to respond to it. So, tune into this live blog for all the important announcements in the Union Budget 2025.
ALL UPDATES
- February 01, 2025 07:21
Union Budget 2025 Live: As Budget fever grips, expectation from market experts soar
Expectations for this Budget from market experts were not very high initially, but after a sharp slide in small-cap and mid-cap stocks and correction in benchmark indices this month, several participants are now looking to the event to pump prime sentiment.
The expectation rose further after Prime Minister Narendra Modi said: “I pray to Goddess Lakshmi to shower the poor, middle class with blessings.” The market cheered the statement with the Sensex rising nearly 1 per cent, small-cap 1.83 per cent and BSE Midcap 1.76 per cent.
Read full report here
- February 01, 2025 07:13
Budget 2025: Budget should focus on tax simplification, reduction in personal I-T: EY
The Budget is expected to focus on boosting private capex, tax simplification and reduction in personal income tax, particularly for the lower-income groups, to stimulate demand, EY India said.
The Union Budget for 2025-26 is scheduled to be presented in Parliament on February 1.
EY India, in its Budget expectation note, said with over ₹31 lakh crore stuck in income tax disputes as of 2023-24, there is an urgent need to clear Commissioner of Income Tax (Appeals) backlog and bolster alternate dispute resolution mechanisms like advance pricing agreements and safe harbours.
Read full report here
- February 01, 2025 06:53
Budget 2025 Live Updates: “I pray that Maa Lakshmi continues to bless the poor and middle class,” PM Modi
The Union Budget for Fiscal Year 2025-26 is expected to give boost to middle class and poor, Prime Minister Narendra Modi indicated on Friday. He also said that FY26 Budget will give fresh impetus to the aim of achieving ‘Developed Nation’ status by 2047.
Invoking the goddess Laxmi, the goddess of wealth in his customary address before the Budget Session of Parliament, Modi said: “I pray to Goddess Lakshmi to shower the poor, middle class with blessings.” Further, he said, “I can say with confidence this Budget session will infuse new confidence, energy in attaining our goal of ‘Viksit Bharat’.”
Read full report here
- February 01, 2025 06:50
Budget 2025 Live Updates: Government lists 16 bills for Budget session, opposition demands discussion on Kumbh incident
The Government is expected to introduce key bills, including the Finance Bill, the Foreigners & Immigration Bill, the Banking Laws (Amendment) Bill, the Protection of interest in Aircraft Objects Bill, 2025 among others during the Budget Session of Parliament starting January 31.
The Waqf Bill has also been listed for consideration and passage.
The session will begin with an address by President Draupadi Murmu on Friday followed by the Economic Survey for 2024-25. On Saturday, Finance Minister Nirmala Sitharaman will present her 8th successive Union Budget.
Read full report here
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Published on February 1, 2025
