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The Union Budget has allocated the Ministry of Minority Affairs ₹3,350 crore for the financial year 2025-26, which is a 5% increase from the Budget Estimate of 2024-25 at ₹3,183.24 crore. There is a major hike of approximately ₹1,000 crore in grants-in-aid to States, which was increased from ₹527.12 crore in 2024-25 to ₹1,518.31 crore…
Union Minister Ashwini Vaishnaw | Photo Credit: The HIndu The basic customs duty of 2.5% imposed on certain smartphone components has been scrapped, following a glide path recommended by the electronics manufacturing industry last year. Mobile phones are fast emerging as India’s top export commodity, reaching $15.6 billion last year. Slabs for components had been…
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In her budget speech, Union Finance Minister Nirmala Sitharaman spoke about conserving India’s manuscript heritage, on February 1, 2025. | Photo Credit: ANI The Union Budget 2025-26 announced a special mission for the survey, documentation, and conservation of India’s manuscript heritage. Launched as the ‘Gyan Bharatam Mission’, it intends to cover more than one crore manuscripts….
The budgetary allocations for the Information and Broadcasting Ministry recorded a slight decline from ₹4,626.71 crore to ₹4,358.38 crore this year. While proposed funds for the establishment expenditure of the Ministry are pegged at ₹142.70 crore, some ₹38.27 crore for Art and Culture, and ₹401.53 crore for Information and Publicity have been allocated. The government…
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Union Budget 2025 | What’s in it for textile, apparel, footwear and leather sectors? The textile, apparel, footwear and leather sectors got a boost in the Union Budget with the announcement of a Mission on Cotton and a focus product scheme for the footwear and leather sector. Finance Minister Nirmala Sitharaman announced that the focus…
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The strong focus on MSMEs, including provisions for micro-credit cards and increased refinancing limits, will promote growth. | Photo Credit: File Photo The industry bodies in Karnataka have welcomed the Union Budget presented on Saturday and particularly lauded its focus on small industries. The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) commended the…
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Union Budget: What’s in it for aviation? | Video Credit: The Hindu A look at what the Union Budget 2025 had in store for the aviation sector. A modified UDAN scheme will be launched to enhance regional connectivity to 120 new destinations and carry 4 crore passengers in the next 10 years. The scheme will…
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Chhattisgarh Chief Minister Vishnu Deo Sai. File | Photo Credit: PTI Lauding the Union Budget for the upcoming year, Chhattisgarh Chief Minister Vishnu Deo Sai on Saturday (February 1, 2025) called it historic and revolutionary for the upliftment of the middle class and working classes of the society. “This budget presented today is a historic…
Read More “Chhattisgarh CM praises ‘historic’ Budget; Opposition says nothing in it for people” »
Watch: Union Budget 2025 | What’s in it for health sector? The Union Budget 2025-26 has brought several key developments for the health sector. This year’s budget sees an enhanced allocation, a commitment to adding 75,000 medical seats over the next five years, cheaper medicines for cancer, rare diseases, and chronic ailments, as well as…
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Image used for representational purpose. | Photo Credit: Reuters The Union Budget presented by Finance Minister Nirmala Sitharaman on Saturday (February 1, 2025) made some significant proposals for promoting indigenous ship building as also acquisition of Indian-flagged ships. Among them, the Budget has proposed the setting up of a Maritime Development Fund (MDF) to support…
Read More “Budget proposes Maritime Development Fund with ₹25,000-crore corpus” »
