Union Budget 2025
The Union Budget 2025 is set to be a significant event for India’s economic landscape, marking the second full budget of the Modi government’s third term (Modi 3.0). Presented by Finance Minister Nirmala Sitharaman, this budget comes with historical significance as it will be her eighth consecutive Union Budget presentation, making her the first Finance Minister to achieve this feat. The previous record was held by Morarji Desai, who presented six consecutive budgets.
Let’s dive into the detailed schedule, viewing options, and market dynamics surrounding the Union Budget 2025.
Union Budget 2025: Date and Time
The Union Budget 2025 will be presented on Saturday, February 1, 2025, at 11:00 AM in Parliament. The central government has confirmed this date and time, making it a pivotal moment for policymakers, investors, and citizens alike.
Where to Watch the Union Budget 2025 Presentation
If you’re eager to follow the Budget 2025 announcements live, here are your options:
1. Television Broadcast
- Doordarshan and Sansad TV will provide live coverage of the Budget speech.
- Major national and regional news channels will also broadcast the event with expert commentary and analysis.
2. Digital Streaming
- You can watch the live stream on the government’s official YouTube channels and X (formerly Twitter) handles.
- Various news portals will host live streams and provide real-time updates on their platforms.
3. Union Budget Documents
- All budget-related documents, including the Annual Financial Statement, Demand for Grants, and Finance Bill, will be accessible on the official website: www.indiabudget.gov.in.
- These documents will also be available on the Union Budget Mobile App, ensuring easy access for everyone.
Why This Budget is Historically Significant
Nirmala Sitharaman’s Record:
- By presenting her eighth consecutive Union Budget, Sitharaman sets a new benchmark as the longest-serving Finance Minister in terms of consecutive budget presentations.
- Her leadership during challenging times, including the COVID-19 pandemic and global economic turbulence, has been widely acknowledged.
Relevance of February 1:
- February 1 was institutionalized as the budget presentation date in 2017 to allow sufficient time for parliamentary approvals before the new fiscal year starts on April 1.
Markets to Remain Open on Budget Day
Despite February 1, 2025, being a Saturday, both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will remain open for trading during normal hours: 9:15 AM to 3:30 PM. This aligns with past precedents, such as the budgets presented on February 1, 2020, and February 28, 2015, both of which fell on Saturdays.
This decision underscores the significance of the Union Budget for investors and financial markets, ensuring uninterrupted trading opportunities on this crucial day.
Key Highlights to Watch Out For
As the budget approaches, here are some areas of focus that are likely to dominate the discussion:
- Tax Reforms:
- Potential revisions in income tax slabs for individuals.
- Expectations of rationalization in corporate tax rates.
- GST Rate Adjustments:
- Discussions on rate rationalization to boost compliance and simplify the tax structure.
- Capital Expenditure (Capex):
- Increased allocations for infrastructure projects to drive economic growth.
- Incentives for Consumption:
- Measures to boost consumption, particularly in rural areas, to spur demand in key sectors.
- Digital India and Startups:
- New schemes and incentives to support the Digital India mission and the startup ecosystem.
How to Stay Informed
To make the most of the Union Budget 2025, stay tuned to trusted platforms for real-time updates and analysis. Leverage resources like the Union Budget Mobile App and www.indiabudget.gov.in to access official documents and summaries.
For a deeper understanding of the budget’s implications, follow live discussions and expert insights on news channels, social media, and government portals.
Conclusion
The Union Budget 2025 is not just a fiscal exercise but a reflection of India’s economic priorities and aspirations. With markets remaining open, easy access to budget documents, and widespread live coverage, citizens and businesses have every opportunity to stay informed about the government’s plans and initiatives.
As the clock ticks closer to February 1, 2025, anticipation builds for what could be a landmark moment in shaping India’s financial and economic future.
Sources – https://shorturl.at/ZTECF
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