Union Budget 2025-26 features a range of duty exemptions and reductions across vital sectors, along with some increases aimed at fostering local production.
Experts believe budget will boost consumption by providing income tax relief to the middle class. Despite this, govt expects total revenue to grow at twice the pace of expenditure.
Calling the budget a roadmap for achieving Prime Minister Narendra Modi’s vision of Viksit Bharat, Jaishankar said it would strengthen Atmanirbhar Bharat & India’s global engagement.
Focusing on well-being of small & marginal farmers, boosting income levels through DBTs, launching crop-specific ‘missions’ are some of Modi govt's measures announced in Budget.
Budget announced that India’s nuclear energy capacity, which is currently 8 GW, will develop to 'at least 100 GW by 2047', by promoting small modular reactors.
The govt laid out a plan to make tourism a key sector for employment-led growth in India. FM Sitharaman announced a plan to develop 50 tourist destinations in the country.
The biggest increase in defence allocation is in the pension category—it constitutes 23.60 percent of the total allocation and stands at Rs 1,60,795 crore.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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