- First digital Budget in the history of India
- Vehicle Scrapping Policy. Vehicle Fitness Test after 20 years in case of Personal vehicle and 15 years in case of commercial vehicles
- 64,180 crores allocated for New Health Schemes
- 35,000 crores allocated for Covid Vaccine
- 7 Mega Textile Investment parks will be launched in 3 years
- 5.54 lakh crore provided for Capital Expenditure
- 1.18 lakh crore for Ministry of Roads
- 1.10 lakh crore allocated to Railways
- Proposal to amend Insurance Act. Proposal to increase FDI from 49% to 74 %.
- Deposit Insurance cover (DICGC Act 1961 to be amended). Easy and time bound access of deposits to help depositors of stress banks.
- Proposal to revive definition of ‘Small Companies’ under Companies Act 2013. Capital less than 2 Cr. and Turnover Less than 20 Cr.
- Disinvestment: IPO of LIC, Announced Disinvestment of Companies will be completed in FY 2021-22
Union Budget 2025: Key Highlights – Higher Tax Exemptions, TDS Relief, and Startup Boost
The Union Budget 2025 has introduced several key tax reforms aimed at providing relief to individuals and businesses. Finance Minister Nirmala Sitharaman, in her record eighth consecutive Budget presentation, announced major changes including higher tax exemptions,...
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