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.
From coastal Andhra Pradesh to Jallianwala Bagh in Punjab, from bonfires in UP to midnight pledges in Chennai and Lahore, Vande Mataram was a war cry to galvanise people toward azaadi.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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