Union Budget News - Latest Updates & Headlines
Centre set to surpass FY25 capex target of Rs 10.18 lakh crore
New Delhi, April 6: The government is poised to surpass its revised capital expenditure (capex) target of Rs 10.18 lakh crore for FY25 by a modest margin.
Lok Sabha passes Finance Bill 2025
New Delhi, March 25: The Lok Sabha passed the Finance Bill 2025 on Tuesday incorporating 35 government amendments as a key part of the process for the proposals of Union Budget 2025-26 to kick in.
Parliament today: Key reports to be tabled, demands for Grants 2025-26 to be made
New Delhi, March 21: The ongoing budget session of the Parliament on Friday will see the tabling of several key reports in both Houses and the Lok Sabha will take up the second stage of the Union Budget.
Parliament Budget Session: Key reports to be tabled in Lok Sabha, Nirmala Sitharaman to make statement
New Delhi, March 21: The Budget Session of Parliament will resume on Friday, with Union Finance Minister Nirmala Sitharaman to make a statement regarding "correction in Receipt Budget 2025-2026" presented along with Union Budget 2025-2026 on February 1.
Govt seeks additional Rs 51,462 crore in supplementary demand for grants
New Delhi, March 10: Finance Minister Nirmala Sitharaman on Monday tabled the second batch of supplementary demands for grants in Parliament, seeking approval for Rs 6,78,508.10 crore in additional spending for the government during financial year 2024-25 that ends March 31 this year.
Gig workers asked to register on e-Shram portal to avail Budget announcement benefits
New Delhi, March 9: The Ministry of Labour and Employment has urged platform workers to register on the e-Shram portal so that they can access the announcements made in the Budget.
Impact of US tariffs will be felt on India, says FM Nirmala Sitharaman
Visakhapatnam, March 6: Union Finance Minister Nirmala Sitharaman on Thursday said that the impact of the US tariffs will be felt on India, adding that Union Minister Piyush Goyal is going to America and holding talks with the government there.
FM Sitharaman launches new credit assessment model for MSMEs
Vishakhapatnam, March 6: Finance Minister Nirmala Sitharaman and Minister of State for Finance Pankaj Chaudhary on Thursday launched the New Credit Assessment Model based on the scoring of digital footprints of MSMEs.
Union Budget paves way for stronger workforce, education system going through huge transformation: PM Modi
New Delhi, March 6: Noting that this year's Union Budget paves the way for a stronger workforce and a growing economy, Prime Minister Narendra Modi on Wednesday said that the country's education system is going through a massive transformation.
Union Minister Sarbananda Sonowal to chair post-budget Industry meet on Feb 27
New Delhi, February 26: Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal will chair a high-level industry consultation in Mumbai on Thursday. The event will bring together industry leaders, government officials, and stakeholders to discuss key maritime sector announcements from Union Budget 2025 and their impact on India's maritime growth, said an official statement from the Ministry of Ports, Shipping and Waterways.
Criticising Union Budget 'unnecessarily' is unfair: Kumaraswamy
Mysuru, Feb 24: Reacting strongly to the criticism against the Union Budget 2025-26, presented recently, Union Minister for Heavy Industries and Steel H.D. Kumaraswamy stated that criticising the Union Budget is unfair.
Citi turns bullish on India, predicts Nifty to hit 26,000 by Dec
Mumbai, Feb 24: Global brokerage firm Citi on Monday said that it expects the Nifty 50 index to touch 26,000 by December this year, a potential 15 per cent upside from current levels.
One-year road map for development: Mansukh Mandaviya on Union Budget 2025-26
Jaipur, February 23: Union Minister Mansukh Mandaviya addressed a press conference at the BJP headquarters in Jaipur and presented his views on the Union Budget 2025-26. Speaking to the reporters, Mandaviya stated that the budget which were presented before was a medium to make announcements; however, since 2014, it has become a roadmap of development. He added that former Prime Minister Rajiv Gandhi spoke about the 21st century but did not have any action plan, due to which his dream remained a dream, whereas he said that PM Modi has created an action plan for developing India until 2047.
High-frequency indicators show pick-up in economic momentum during H2-2024-25: RBI bulletin
New Delhi, February 19: High-frequency indicators point towards a sequential pick-up in the momentum of economic activity during the second half of 2024-25, which is likely to sustain moving forward, RBI said on Wednesday in its monthly bulletin.
Bhupender Yadav slams INDIA bloc; confident of NDA's victory in Bihar elections
Patna, Feb 17: Union Minister Bhupender Yadav took a sharp dig at the opposition INDIA bloc, stating that it has "gone into a block hole". Addressing the media in Patna, Yadav expressed confidence that the NDA will form the next government in Bihar with a massive majority.
If we borrow, we borrow to build, says FM Sitharaman
Mumbai, Feb 17: Finance Minister Nirmala Sitharaman on Monday said that Prime Minister Narendra Modi-led government's "big shift in Budget-making" is ensuring a responsible approach to handling taxpayers' money which is reflected in borrowings directed toward capital asset building.
PM Modi lauds FM Sitharaman's parliament address, says it gave very clear vision of Indian economy
New Delhi, February 15: Prime Minister Narendra Modi praised Finance Minister Nirmala Sitharaman's address in Parliament, stating that it provides a clear picture of the Indian economy and the reform trajectory the government is undertaking.
J-K: Foundation for making developed India has been laid in this budget, says Kiren Rijiju
Srinagar, February 15: Union Minister Kiren Rijiju on Saturday said that the 2025-26 Union Budget has laid the foundation for making India a developed nation by 2047.
PM Modi to announce over Rs 2,000 crore development projects in Bhagalpur: Bihar Minister
Patna, Feb 14: Ahead of Prime Minister Narendra Modi's visit to Bihar's Bhagalpur, the state's Urban Development Minister, Nitin Nabin, has claimed that the Prime Minister will unveil development projects worth more than Rs 2,000 crore for the region.
BJD MP demands special category state status for Odisha
Bhubaneswar, Feb 13: Senior Biju Janata Dal Leader and MP Sasmit Patra on Thursday reiterated the party's demand for special category state status to Odisha.
Union Budget focused on inclusive development, will foster private investment: Sitharaman
New Delhi, February 13: Union Finance Minister Nirmala Sitharaman said on Thursday that the Union Budget 2025-26 aims to ensure inclusive development, with a focus on accelerating growth and boosting private sector investment.
Modi govt's policies uplifted economic standards, strengthened public trust: Sonowal
Agartala, Feb 12: Union Minister for Ports, Shipping, and Waterways, Sarbananda Sonowal, on Wednesday, said that the policies and programs implemented under the leadership of Prime Minister Narendra Modi have significantly improved the socio-economic conditions of the people, further strengthening their trust in the government.
Unless educated children come into mainstream... Kapil Sibal on Union Budget
New Delhi, February 11: Speaking in the Rajya Sabha on the Union Budget, MP Kapil Sibal on Tuesday emphasised that "unless the children get quality education, 'till then Bharat will never be Viksit".
Targeted Budget, focused on rich, big people: Akhilesh Yadav in Lok Sabha
New Delhi, February 11: Samajwadi Party (SP) chief Akhilesh Yadav on Tuesday criticised the Union Budget in the Lok Sabha, terming it as a "targeted budget" and alleged that it is focused on the rich.
Government to use about 99 pc of borrowed resources to finance effective capital expenditure: Sitharaman in Lok Sabha
New Delhi, February 11: Noting that capital budget outlays have not come down, Finance Minister Nirmala Sitharaman on Tuesday said that the government is using almost the entire borrowed resources for financing effective capital expenditure.
Chidambaram says 11 pc tax growth unlikely with tax cuts as RS takes up budget discussion, seeks Bharat Ratna for Manmohan Singh
New Delhi, February 10: Rajya Sabha on Monday took up discussion on the Union Budget with senior Congress leader and former Finance Minister P Chidambaram slamming Union Budget 2024-25 saying that tax proposals not only benefit the middle class but also the rich and richest.
No financial crisis in Puducherry, the centre provided the necessary funds: MoS L Murugan
Puducherry, February 10: Union Minister of State L Murugan on Sunday asserted that there is no financial crisis in Puducherry, adding that the Central Government has allocated the necessary funds for the Union Territory's development.
Budget is growth-centric and aims to empower middle class: Dharmendra Pradhan
New Delhi, February 10: Union Minister Dharmendra Pradhan described the Union Budget as growth-centric, aiming to empower the middle class and uplift vulnerable sections of society, while also stressing that the government is committed to boosting private-sector investment and driving economic development. O
Indian stock market continues to assess 2 big policy moves to boost economy
Mumbai, Feb 8: The stock market saw two major policy moves this week that could significantly impact India's economic trajectory — the Union Budget 2025, which introduced tax cuts to boost consumption and investment, and the RBI's 25 bps rate cut, signalling a shift towards monetary easing, experts said on Saturday.
MPs from Bihar met PM Modi to express gratitude for Budget allocations: Sanjay Jha
Patna, Feb 8: After a delegation of 30 MPs of Bihar met Prime Minister Narendra Modi, JD-U Rajya Sabha MP Sanjay Kumar Jha said the MPs expressed their gratitude for the significant allocations made to Bihar in the Union Budget 2025-26.
NDA MPs from Bihar felicitate PM Modi for Budget announcements for State
New Delhi, February 7: Around 30 Bihar MPs from BJP, JD(U), and other parties of NDA met Prime Minister Narendra Modi in Parliament on Friday.
Union Budget is non-inflationary, says Finance Secretary Tuhin Pandey
New Delhi, February 6: Finance Secretary Tuhin Kanta Pandey has emphasized the government's commitment to maintaining fiscal discipline while fostering economic growth, stating that the Union Budget 2024-25 is "absolutely non-inflationary".
Budget session 2025: General discussion on Union Budget in Parliament today
New Delhi, February 6: Both Houses of Parlaiment are set to discuss on Thursday the Union Budget 2025-2026 that was presented by Finance Minister Nirmala Sitharaman on Saturday.
Amit Shah praises PM Modi for Rs 17,155 cr railway allocation in Gujarat, calls it a golden period of development
New Delhi, February 6: Union Home Minister and Minister of Cooperation, Amit Shah, expressed his gratitude to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for allocating Rs 17,155 crore for railways in Gujarat in the 2025 Union Budget, a minitry release said on Wednesday.
Central budget for K'taka railway nine times higher than UPA era: Union Minister
Bengaluru, Feb 5: Union Minister for Food, Public Distribution and Consumer Affairs Pralhad Joshi said on Wednesday that the BJP-led NDA government has allocated nine times more funds to Karnataka’s railway projects in the latest budget compared to the UPA era.
India's EV adoption remains nascent compared to global counterparts, but budget support to drive growth: Moody's
New Delhi, February 5: India's electric vehicle (EV) adoption remains in its early stages, lagging behind regional and global counterparts, according to a report by Moody's.
Budget to boost consumption sectors, DeekSeek AI an opportunity for Indian IT firms
Bengaluru, Feb 5: The Union Budget will boost consumption sector and long-term policies are favourable for urban housing, insurance and defence-related industries, according to a new report.
Five-year Cotton Mission to increase cotton productivity included in Union Budget
New Delhi, February 4: The Union Budget has unveiled a five-year Cotton Mission aimed to increase cotton productivity, particularly among extra-long staple varieties, leveraging Science and Technology support for farmers, ensuring that the cotton-growing community benefits from modern techniques to boost yield.
Income tax cuts in union budget to boost 2-wheeler and passenger vehicle sales: Jefferies
New Delhi, February 4: Union Budget raising the income tax exemption limit to Rs 12 lakh is expected to give a big boost to the demand of 2-wheelers (2Ws) and passenger vehicles (PVs) according to a report by the global brokerage firm Jefferies.
India's fiscal roadmap: Strong growth and stability despite tax cuts, says S&P Global
New Delhi, Feb 4: India's Union Budget aligns with the expectations of steady fiscal consolidation, reinforcing a positive outlook on the country's sovereign credit ratings, according to a report on Tuesday.