Union Budget 2025 Takeaway: What FM Nirmala Sitharaman said about the focus this time

Mangalore Today News Network

New Delhi, February 1, 2025: Finance Minister Nirmala Sitharaman presented her record eighth Budget this year. After the Budget was presented in the Lok Sabha, the FM also presented the document in the Rajya Sabha.

"The focus of the Budget is taking everyone together on inclusive path", says FM Sitharaman.

She said "Budget to initiate reforms in 6 domains -- taxation, urban development, mining, financial sector, power and regulatory reforms".

The Union Budget 2025 is the second Budget presented under the Modi 3.0 government, the first having come after the Lok Sabha elections. Like the previous Budgets, this has kept in mind the government’s goal of Viksit Bharat by 2047.

Yesterday, FM Sitharaman tabled the Economic Survey, which projects India’s GDP to grow in the range of 6.3-6.8 per cent.

In the last Budget, presented in June after NDA won the Lok Sabha polls, FM proposed new income tax slabs -- up to Rs 3 lakh nil, Rs 3-7L 5%, Rs 7-10L 10%, Rs 10-12L 15%, Rs 12-15L 20%, above Rs 15L 30%. Fiscal deficit was estimated at 4.9 per cent of GDP and Sitharaman had stated the government aimed to reach 4.5 per cent fiscal deficit in 2025-26.