Tag: union budget 2025

Basic import duty on certain phone components scrapped

February 1, 2025 admin

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…

Business

Big Cut For Intelligence Units In Nirmala Sitharaman’s Budget 2025

February 1, 2025 admin

New Delhi: Intelligence gathering has taken a back seat in the Union Budget 2025-26 as the Centre has reduced the flow of funds of several verticals that deal with intelligence collection and dissemination, including the National Security Council Secretariat (NSCS) – the apex body for all matters concerning internal and external security. According to Notes…

Nation

Union Budget 2025-26: Gyan Bharatam Mission launched for conserving India’s manuscript heritage.

February 1, 2025 admin

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….

Business

Slight decline in allocations for I&B Ministry

February 1, 2025 admin

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…

Business

Union Budget 2025 | What’s in it for textile, apparel, footwear and leather sectors?

February 1, 2025 admin

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…

Business

Watch: Union Budget 2025: What’s in it for aviation?

February 1, 2025 admin

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…

Business

Watch: Union Budget 2025 | What’s in it for health sector?

February 1, 2025 admin

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…

Business

Union Budget 2025: Fresh boost for quest towards clean energy

February 1, 2025 admin

In a continuing quest to encourage small and medium firms in the clean energy sector, Union Finance Minister Nirmala Sitharaman has exempted cobalt powder and waste, the scrap of lithium-ion batteries, lead, zinc, and 12 other critical minerals from basic customs duty. In her July 2024 Budget, Ms Sitharaman had already exempted 25 critical minerals…

Business

Union Budget 2025: Education gets better Budget allocation, more money for IITs, central universities

February 1, 2025 admin

The Finance Minister said the total number of students in 23 IITs has increased 100% from 65,000 to 1.35 lakh in the past 10 years. A view of IIT Madras. File The Union Budget 2025-26 has increased the allocation for school and higher education and has announced Bharatiya Bhasha Pustak Scheme to provide digital-form Indian language…

Business

Union Budget 2025: Budgetary allocation for MEA hiked by 15.45%

February 1, 2025 admin

The Union Budget has increased the allocation for the Ministry of External Affairs (MEA) by 15.45%. The total allocation of ₹20,516.61 crore made for the annual requirements of the MEA is, however, without the EXIM bank provisioning that is also part of the MEA’s annual budget plans. The Ministry has received ₹6,750 crore comprising 33%…

Business