Outlook Business Desk
The Union Budget 2025 is expected to be presented on February 1, 2025, by Finance Minister Nirmala Sitharaman, following tradition. While not officially confirmed, this date is highly anticipated for the second full-fledged budget of the Modi 3.0 government
In a departure from tradition, the Indian stock markets (BSE & NSE) will remain open on February 1, 2025, a Saturday, for a live trading session coinciding with the Union Budget 2025 presentation, as per an exchange circular.
Finance Minister Nirmala Sitharaman will present the Union Budget at 11 a.m. on February 1, 2025. This will be her eighth budget presentation, including six annual and two interim budgets.
As Union Budget 2025 nears, salaried individuals are hopeful for income tax relief. Sudhir Kaushik, CEO of Taxspanner, highlighted that while the New Tax Regime encourages spending, it must also address savers' needs without disrupting long-term planning. There’s a call for a balanced, simplified tax regime
Doordarshan and Sansad TV will provide live coverage of FM Nirmala Sitharaman’s budget speech, with online streaming available on their YouTube platforms.
The Interim Budget 2025 will be available in paperless form via the Union Budget Mobile App and on the Union Budget Web Portal (www.indiabudget.gov.in). The app, available in Hindi and English, is accessible to both Android and iOS users.
The Union Budget in India is an annual financial statement detailing income and expenditure. It covers taxation, spending, and economic policies. Key milestones include the first budget in 1947, the shift to 11 AM in 2017, the "Black Budget" in 1973-74, and the digital transition in 2021.