Budget 2025: On Saturday, February 1, 2025, at 11 a.m., Finance Minister Nirmala Sitharaman is expected to deliver the second complete budget of the Modi 3.0 administration before the Parliament.
Budget 2025: According to news outlet NDTV, the government will convene the next budget session from January 31 to February 13, 2025. On Saturday, February 1, 2025, at 11 a.m., Finance Minister Nirmala Sitharaman is expected to deliver the second complete budget of the Modi 3.0 government in the Parliament following the conclusion of stakeholder talks with industry experts.During the budget session on February 1, the Indian stock market will continue to be open for normal trade. Due to the Union Budget 2025–2026, the BSE and NSE stock exchanges will be open on February 1, 2025, even though it is a Saturday. "The Exchange will be holding a live trading session on February 1, 2025, due to the presentation of the Union Budget," the exchanges stated in a circular. On Saturdays and Sundays, the Indian financial market is typically closed.
Budget 2025: Business wants middle-class tax breaks
To stimulate the economy and improve consumer sentiment, the industry anticipates major announcements from Budget 2025, such as income tax reductions, rationalization of the GST rate, industry-specific initiatives, and more. To help the middle class, industry leaders have emphasized the need for changes in the areas of income tax, investment incentives, fiscal policies, and market operations.
In order to further ease compliance constraints and promote wider participation, market experts also advocate for the simplification of TDS regulations for non-resident Indians (NRIs) and the revision of GST provisions for mutual funds.
The upcoming budget, according to India Inc. leaders, offers the government a difficult but crucial chance to improve public spending, address macroeconomic obstacles, and carry out specific reforms that could boost India's growth trajectory and win back the trust of its investors.
Sitharaman will be presenting the budget for the ninth consecutive time. The Budget was previously presented by Morarji Desai six times in a row. It's interesting to note that former Finance Minister P. Chidambaram presented budgets nine times, after Morarji Desai did so ten times. Between 1991 and 1995, former Prime Minister Manmohan Singh delivered five consecutive budgets. Out of his eight talks, Pranab Mukherjee also gave five consecutive presentations.
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