Union Budget Highlights: The Union Budget 2025 is one of the most anticipated financial events of the year, with potential landmark announcements poised to impact every sector of the Indian economy. As the Finance Minister steps up to deliver the budget speech, expectations are high for significant reforms in income tax regulations, healthcare advancements, and other key areas.
This comprehensive guide provides a detailed overview of the Union Budget 2025 highlights, potential major announcements in income tax, health news, and how to access the budget summary PDF. Stay tuned to discover where to watch the live stream of the budget presentation and how to efficiently check the India Budget Summary PDF 2025 for an in-depth understanding of the financial blueprint set to shape the nation’s future.
Union Budget 2025
Budget Day in India is always highly anticipated, with businesses and the general public eagerly awaiting announcements on schemes and initiatives that could impact their financial planning. This year, due to the upcoming elections, the usual Budget 2025 has been replaced with an Interim Budget. However, the Honourable Finance Minister, Smt. Nirmala Sitharaman, has ensured that it is packed with schemes and benefits, much to the satisfaction of the populace.
On February 1, 2025, the Finance Minister unveiled the theme for this year’s Budget: “Viksit Bharat Budget 2025.” She emphasized that the nation remains committed to the vision of Atmanirbhar Bharat, focusing on self-reliance. Additionally, the Interim Budget 2025 prioritizes the welfare and aspirations of the Gareeb (poor), Mahila (women), Yuva (youth), and Annadata (farmers).
An official announcement confirmed that the Union Budget 2025 will be presented on July 23, as approved by President Droupadi Murmu.
Union Budget of India 2025 Details
| Category | Details |
|---|---|
| Event | Union Budget 2025 |
| Theme | Viksit Bharat Budget 2025 |
| Announcement Date | February 1, 2025 (Interim Budget); July 23, 2025 (Final Budget) |
| Time | 11 AM (IST) |
| Location | Parliament, New Delhi |
| Presented By | Finance Minister Nirmala Sitharaman |
| Major Themes | Atmanirbhar Bharat, Welfare of Gareeb (poor), Mahila (women), Yuva (youth), Annadata (Farmers) |
| Budget Expectations (2025) | – Healthcare: Increase spending to 2.5% of GDP by 2025, address access to generic medicines, improve quality control and prescription enforcement |
| – Real Estate: Tax relief for homebuyers, expanded deductions on house loan interest, improved financing, and streamlined approvals | |
| – IT Sector: Emphasis on digitalization, R&D enhancement, skilled talent development, sustainability initiatives | |
| – Education: Increase allocations for infrastructure, teacher training, digital learning tools, vocational training, and holistic development | |
| Expectations for Salaried Individuals | – Increase in Basic Exemption Limit: From Rs. 3 lakh to Rs. 5 lakh |
| – Change in Tax Slabs: Reduction in tax rate for income between Rs. 15 lakh and Rs. 20 lakh | |
| – Revision of Section 80C Limit: Increase to combat inflation and stimulate savings | |
| – Increase in Interest Deduction Limit under Section 24(b): From Rs. 2 lakh to Rs. 3 lakh | |
| – Revision in 80D Limit: Increase deduction limit for medical insurance premiums | |
| Live Streaming | – Doordarshan (DD News and DD National) |
| – Sansad TV | |
| – YouTube (Ministry of Finance, DD News, Sansad TV) | |
| – Press Information Bureau (PIB) | |
| Official Websites | – finmin.nic.in, indiabudget.gov.in |
| Category | Finance |
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Union Budget 2025 Date, Time
The Union Budget is typically presented annually by Finance Minister Nirmala Sitharaman. However, due to the 2025 Lok Sabha Elections, the budget will be announced twice this year. An interim budget was presented on February 1, 2025, with the final budget scheduled for July 23, 2025. This budget must navigate the intricate challenge of launching bold initiatives while maintaining fiscal responsibility amid prevailing economic uncertainties.
- Date: Tuesday, July 23, 2025
- Time: 11 AM (IST)
- Location: Parliament, New Delhi
Budget 2025 Live Updates & Analysis
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Presentation of the Union Budget
Finance Minister Smt. Nirmala Sitharaman presented the Union Budget for the fiscal year 2025-26 in Parliament on July 23, 2025. This marks her seventh Union Budget presentation.
Economic Overview
The Finance Minister highlighted that India’s inflation remains low and stable, moving towards the target of 4%.
Budget Priorities
FM Sitharaman laid down nine priorities for the budget, focusing on:
- Productivity and Resilience in Agriculture
- Employment and Skilling
- Inclusive Human Resource Development and Social Justice
- Manufacturing and Services
- Urban Development
- Emergency Security
- Infrastructure
- Innovation and R&D
- Next-Gen Reforms
Subsequent budgets will build on these priorities and actions.
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Major Allocations
- Education and Employment: ₹1.48 lakh crore allocated for education, employment, and skilling.
- Agricultural Research: A comprehensive review of the agricultural research setup will be undertaken to focus on raising productivity and developing climate-resilient varieties. Funding will be provided in a challenge mode, including to the private sector.
- Natural Farming: One crore farmers will be initiated into natural farming over the next two years, supported by certification and branding. 10,000 bio-input resource centres will be established.
- Self-Sufficiency in Pulses and Oil Seeds: The government will strengthen the production, storage, and marketing of pulses and oil seeds to achieve self-sufficiency.
- Vegetable Production: Large-scale vegetable production will be developed closer to major consumption centres, promoting farmer producer organizations, cooperatives, and startups.
Key Schemes and Initiatives
- National Cooperation Policy: The government will introduce a policy to promote digital public infrastructure for agriculture in partnership with states.
- Employment-Linked Schemes: Incentives will be provided to 30 lakh youth entering the job market by offering one month’s PF (Provident Fund) contribution.
- Working Women Hostels: Hostels will be set up to promote women’s participation in the workforce.
- MGNREGA: Aims to provide 100 days of wage employment to at least one member of every household seeking manual work.
- Mudra Loans: The credit support for MSMEs, Mudra loans limit will be enhanced from ₹10 lakh to ₹20 lakh for those who have successfully repaid previous loans.
- PM Awas Yojana-Urban: An investment of ₹10 lakh crore will address the housing needs of one crore poor and middle-class families, including ₹2.2 lakh crore central assistance over the next five years.
- Water Supply and Sanitation: In partnership with states and MDBs, the government will promote water supply, sewage treatment, and solid waste management projects for 100 large cities.
- Weekly Haat Scheme: A new scheme to promote 100 weekly haats or street food hubs in select cities over the next five years.
- Rooftop Solar Scheme: Launched to promote solar energy.
- Infrastructure Investments: ₹11,11,111 crore allocated for capital expenditure, representing 3.4% of GDP.
- Rural Development: ₹2.66 lakh crore allocated for rural development, including rural infrastructure.
- Tourism Development: Proposals to develop corridors at Vishnupath Temple in Gaya and Mahabodhi Temple in Bodhgaya.
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Financial Measures and Tax Reforms
- Fiscal Deficit: Estimated at 4.9% of GDP, with net tax receipts at ₹25.83 lakh crore.
- Customs Duty Exemptions: Full exemption for three medicines used in cancer treatment.
- Angel Tax Abolition: Angel tax for investors has been abolished.
- Income Tax Act Review: A review of the Income Tax Act of 1961 will be conducted within six months.
- TDS Reforms: Decriminalization of delays in TDS payments up to the filing due date, and TDS rate on e-commerce operators reduced from 1% to 0.1%.
- Capital Gains Taxation: Simplified for benefiting lower and middle-income classes, with an exemption limit increased to ₹1.25 lakh per year. Securities Transaction Tax on Futures and Options contracts increased to 0.2% and 0.1%, respectively.
- New Tax Regime: Revised tax rate structure for different income slabs, with significant savings for salaried employees.
- Customs Duty Reduction: Basic customs duty on gold, silver, and platinum reduced, along with a reduction for mobile phones and chargers.
- Corporate Tax: Reduced to 35% for foreign companies, with revised taxation for charities and cruise operations.
- Defence Allocation: ₹6.2 lakh crore allocated for defence, consistent with the interim budget.
- Telecom Ministry Allocation: ₹1.28 lakh crore, with BSNL receiving ₹82,916 crore.
Additional Highlights
- Venture Capital Fund: A ₹1,000 crore venture capital fund will be set up to expand the space economy.
- Employment for Youth: ₹2 lakh crore allocated to employ 4.1 crore youth over the next five years.
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Budget Expectations 2025 From Industries
Healthcare Sector: Despite recent increases, India’s healthcare expenditure continues to lag behind neighboring countries like Bangladesh and Bhutan. The National Health Policy 2017 aims to increase spending to 2.5% of GDP by 2025, with a strong emphasis on integrating technology into public healthcare. However, access to generic medicines under schemes like PMJAY is hindered by quality control and prescription enforcement challenges. Prioritizing these issues in the upcoming budget could significantly enhance public health services, benefiting millions across the country.
Real Estate Sector: We anticipate that the upcoming budget will address critical challenges in the real estate sector, including tax relief for homebuyers and expanded deductions on house loan interest. Reforms to enhance the availability of affordable housing through improved financing and streamlined approvals are crucial. Stimulating growth will involve incentives for sustainable development and better infrastructure in growing urban areas, ultimately boosting the housing market and increasing homeownership opportunities for many.
IT Sector: The Interim Budget 2025 presents a pivotal opportunity for growth in India’s IT sector, with an emphasis on digitalization and technological advancement across industries such as Fintech, Retail, Health, Real Estate, Manufacturing, and Telecom. Priority should be given to enhancing R&D and nurturing skilled talent to drive economic growth and boost global competitiveness in software development, cybersecurity, and digital solutions. Sustainability-focused initiatives can further drive innovation in agritech, electric vehicles, fintech, and renewable energy, attracting foreign investments and fostering international expansion.
Education Sector: It is crucial to increase allocations for educational infrastructure, teacher training, and digital learning tools. This includes bridging the rural-urban divide in education, enhancing vocational training, and promoting holistic development through arts, sports, and culture. The focus should be on preparing students for modern challenges and fostering a skilled workforce. These measures aim to improve educational standards and support India’s socio-economic development.
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Budget Expectations 2025 for Salaried Individuals
Increase in Basic Exemption Limit: Under the new tax regime, there is an expectation that the current basic exemption limit of Rs. 3 lakh will be increased to Rs. 5 lakh. This change aims to provide significant relief to taxpayers, ensuring that a larger portion of income remains tax-free, thereby boosting disposable income and encouraging spending.
Change in Tax Slabs: Revisions to the tax rate for individuals earning between Rs. 15 lakh and Rs. 20 lakh are also anticipated. Currently, this income bracket faces a 30% tax rate. A reduction to 22-25% would offer much-needed relief to taxpayers in this segment, enhancing their financial well-being and encouraging higher disposable incomes for investments and consumption.
Revision of Section 80C Limit: The Section 80C limit, which has remained unchanged since 2014, is due for a much-needed revision. Given the rising inflation rates, an increase in this limit would help taxpayers better combat inflation. Moreover, it would stimulate savings and investments in key financial instruments like ELSS, tax saver FDs, and PPF, aligning with the broader vision of a financially robust and prosperous India.
Increase in Interest Deduction Limit under Section 24(b): To further encourage homeownership, it is recommended that the government increase the interest deduction limit under Section 24(b) from Rs. 2,00,000 to Rs. 3,00,000. This adjustment would provide additional incentives for purchasing residential properties, supporting both individual financial health and the broader real estate market.
Revision in 80D Limit: Given the rising healthcare costs, there is an expectation for an increase in the deduction limit for medical insurance premiums under Section 80D of the Income Tax Act, 1961. Currently, the limit stands at ₹25,000 for individuals and ₹50,000 for senior citizens. It is anticipated that the budget may raise these limits to ₹50,000 for individuals and ₹75,000 for senior citizens to support healthcare needs substantially. Additionally, extending the benefits of Section 80D to the new tax regime would promote equitable access to healthcare and encourage wider adoption of health insurance.
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Union Budget 2025 Live Streaming
As the Union Budget 2025 approaches, all eyes are on the Finance Minister’s speech, which holds significant implications for India’s economic direction. Knowing where and when to watch the live telecast of this crucial event is essential for staying informed and making timely decisions. Here’s everything you need to know about the timing of the budget, live streaming options, and where to catch the Finance Minister’s speech live.
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1. Doordarshan (DD News and DD National)
You can watch the Finance Minister’s budget speech live on DD News and DD National. These government-run channels provide extensive coverage, ensuring that viewers across the nation can access this important broadcast.
2. Sansad TV
The budget speech will also be available live on Sansad TV, offering another reliable source for catching all the updates and detailed explanations of the budgetary allocations and policies.
3. YouTube Streaming
For those who prefer watching online, the Union Budget 2025 will be streamed live on various official YouTube channels:
- Ministry of Finance’s Official YouTube Channel
- DD News Official YouTube Channel
- Sansad TV YouTube Channel
These channels provide an excellent way to watch the speech on your mobile devices, ensuring you don’t miss any crucial information, no matter where you are.
4. Press Information Bureau (PIB)
Additionally, the budget speech will be streamed live on the Press Information Bureau’s (PIB) official YouTube channel and their official website. This ensures that viewers have multiple reliable sources to access the live telecast.
Additional Online Streaming
For those who prefer digital platforms, the live streaming of the Finance Minister’s speech will also be accessible on the YouTube channels of both Sansad TV and Doordarshan. These platforms provide flexibility, allowing you to watch the speech on various devices, including smartphones, tablets, and computers.
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How to Check India Budget Summary PDF 2025?
For financial enthusiasts, professionals, and the general public, accessing the Budget Summary PDF is essential to understanding the economic direction of the country. Here’s a step-by-step guide on how to check the India Budget Summary PDF for 2025.
Visit Official Government Websites:
- Ministry of Finance Website:
- Budget Portal:
- Navigate to the Budget Section:
- Look for sections like “Union Budget,” “Budget 2025,” etc.
- Find the Budget Summary PDF:
- Locate the document titled “Budget Highlights,” “Budget Summary,” or “Budget PDF.”
- Download the PDF:
- Click the link to open or download the document.
- Ensure you have a PDF reader installed.
Alternative Sources for Summaries:
- Economic Times:
- Business Standard:
- Mint:
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Use Social Media and Apps:
- Follow @FinMinIndia on Twitter for updates.
- Use the Union Budget app on Android and iOS for easy access to documents.
For more detailed analyses, visit nowonline.in.
FAQ’s
What are the main points of the budget 2025?
Budget 2025 Expectations Live Updates: We expect major investments in renewable energy and incentives for companies using green technologies. There will also be increased funding for geospatial data infrastructure and support for smart city projects.
Will the tax slab change in 2025?
In the Union Budget 2025, Finance Minister Sitharaman may update income tax slabs to offer relief to middle-class taxpayers. The new tax slabs under the revised tax regime will lower taxes and make compliance easier.
What is the budget date in July 2025?
Union Finance Minister Nirmala Sitharaman will present the Union Budget 2025-26 on July 23, 2025. This will be her seventh consecutive Budget presentation.
Is today the Union Budget?
Finance Minister Nirmala Sitharaman will present the Union Budget for 2025-26 on July 23 at 11 am, marking her seventh consecutive presentation. The Economic Survey projects a 6.5-7 percent GDP growth and highlights the expansion of MSMEs as crucial for growth during Amrit Kaal.
How is budget 2025 different from budget 2024?
The Union Budget 2024 emphasized fiscal consolidation, infrastructure, agriculture, green growth, and railways, with no changes to tax rates. The Interim Budget 2025 increased capital expenditure and announced new projects for rail infrastructure, SHGs, and more.
Which ministry is Union Budget under?
Designed, developed, and hosted by the National Informatics Centre (NIC). Information provided by the Ministry of Finance, Government of India.
What are the key highlights of the budget 2025?
In the Union Budget 2025, it's important to focus on sustainable growth. Investments should target renewable energy, green infrastructure, and sustainable agriculture. Reducing GST on renewable energy components would also be beneficial.
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