Tag: Union Budget

Union Budget 2025: Accelerating Digital India Through Innovation

February 1, 2025 admin

India stands at a defining moment, where AI-driven innovation, digital infrastructure, and a future-ready workforce will determine its global leadership in the digital economy. The Union Budget 2025 is more than a fiscal plan — it is a bold blueprint for a stronger Digital India, prioritising technology-led development, AI-driven modernisation, and inclusive economic growth. As…

Business

Union Budget 2025: A clear road map for Viksit Bharat

February 1, 2025 admin

Kumar Mangalam Birla, Chairperson, Aditya Birla Group, says the Budget also focuses on power sector revitalisation, particularly in electricity distribution and intra-State transmission. | Photo Credit: The Hindu Finance Ministers face a perennial balancing act when crafting Budgets. They must articulate the government’s broader policy vision while maintaining fiscal discipline — a task that is…

Business

Union Budget 2025: Long march to Viksit Bharat has begun

February 1, 2025 admin

This Budget is the first step to Viksit Bharat 2047. Economists have stated that unless the GDP grows by 7.5% continuously for the next 25 years, the dream of Viksit Bharat will remain unrealised, and India will remain in the middle-income trap. With the backdrop of slowing growth (FY 2025 growth expected at 6.4%), India…

Business

Union Budget 2025: A reflection of Centre’s commitment to building resilient and dynamic industrial ecosystem

February 1, 2025 admin

R. Nandini, Chairperson, CII, Southern Region says announcements in the 2025 Budget embody the government’s vision of empowering the economy, creating jobs, and driving sustainable growth | Photo Credit: The Hindu Today’s Budget, announced by Union Finance Minister Nirmala Sitharaman, has received an overwhelmingly positive response from across the nation. Presenting her eighth consecutive Budget,…

Business

Union Budget 2025: Sitharaman proposes many reforms to lift investor mood

February 1, 2025 admin

Union Fianance Minister Nirmala Sitharaman addresses the media on Budget at National Media Centre, in New Delhi on February 1, 2025 | Photo Credit: Sushil Kumar Verma Union Finance Minister Nirmala Sitharaman on Saturday (February 1, 2025) proposed several financial sector reforms to ease compliance, expand services, build robust regulatory environment, promote international and domestic…

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

Industry bodies in Karnataka welcome budget provisions

February 1, 2025 admin

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…

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: Science Ministry gets a hefty hike powered by corpus to finance private R&D

February 1, 2025 admin

In a quest to boost private sector research and development in India, the Union Budget has allocated ₹20,000 crore to the Ministry of Science and Technology (MoST) for “research, development and innovation”, which several scientists have described as “historic”. Typically, the Ministry’s annual budget has averaged around ₹6,000 crore to ₹8,000 crore. “This is a…

Business

Union Budget to position India as global healthcare hub: Prathap Reddy

February 1, 2025 admin

Prathap C Reddy. | Photo Credit: The Hindu Prathap C. Reddy, chairman of Apollo Hospitals, said Union Budget 2025 will serve as a launchpad to establish India as a global centre for advanced healthcare and medical innovation. Praising the Budget, Dr. Reddy said the addition of 75,000 new medical seats over the next five years…

Business