IS THIS UNION BUDGET 2025-25, A New Dawn for
India's Economic Growth?
by Mr. Koushik Ketharam, Founder, www.intelli360.in
The Union
Budget 2025 has set the stage for a transformative era in the Indian economy.
With a bold revision in tax slabs, the government has provided much-needed
relief to middle-class taxpayers, boosting disposable incomes and fueling
domestic consumption. This move is expected to drive growth across key sectors,
further strengthening India's economic resilience.
A major
highlight of this year’s budget is the renewed focus on green energy
initiatives. With substantial allocations for renewable energy projects, electric
mobility, and sustainable infrastructure, India is taking definitive strides
toward a cleaner and greener future. These policies not only reinforce our
global commitment to sustainability but also unlock immense investment and
employment opportunities in the sector.
Furthermore,
the consumption-driven growth story continues to be a strong pillar of India's economic
momentum. Increased disposable incomes, coupled with supportive fiscal
policies, are set to enhance spending across industries, ensuring a robust
demand cycle.
With
these strategic measures, the Budget 2025 instills optimism, setting India
firmly on the path to sustainable economic expansion. As we navigate this
dynamic landscape, businesses and investors must seize the opportunities that
lie ahead in this promising new chapter. Please be in touch for more details
and suggested actions in your investments.
UNION BUDGET 2025-26..!
Quick
snapshot of the key announcements, with a special focus on tax reforms:
Tax Reforms
No Income
Tax for income up to *₹12 lakh*under the new regime.
Two
Self-Occupied Properties can now be valued at Nil for tax purposes (up from
one).
TDS
Threshold on Rent raised to ₹6 lakh (from ₹2.4 lakh).
TCS on
Education Loans up to ₹10 lakh removed for loan from specified financial
institutions
Time
Limit for Updated Returns extended from 2 years to 4 years.
New
Income Tax Bill to be introduced next week, focusing on simplification and ease
of compliance.
TDS/TCS
Rationalization: Reduced number of rates and adjusted thresholds to benefit the
middle class.
Faceless
Assessment and Taxpayer Charter to continue, with 99% of returns processed based
on self-assessment
Healthcare & Education
10,000
additional medical seats in 2025-26; 75,000 seats targeted in 5 years.
200 new
cancer centers to be established.
50,000
Atal Tinkering Labs in govt schools; broadband for all secondary schools.
Agriculture & Rural Development
Kisan
Credit Card limit increased to ₹5 lakh.
6-year
‘Atmanirbharta Mission’ for self-reliance in pulses.
Makhana
Board to be set up in Bihar for value addition.
MSMEs & Startups..
Credit
guarantees cover for MSMEs raised to ₹10 crore.
Deeptech
Fund of Funds to boost tech innovation.
FDI in
insurance hiked to 100%.
Women & Youth Empowerment
New
scheme for SC/ST women offering 5-year term loans.
5
National Centres of Excellence for Skilling to equip youth.
Saksham
Anganwadi & Poshan 2.0 to benefit 8 crore children & 1 crore mothers
Tourism & Culture
Homestays
to get Mudra loans; medical tourism to be promoted.
Top 50
tourist destinations to be developed with states.
Green Energy & Sustainability
Incentives
for renewable energy projects
Mission
for solar PV cells, electrolysers, and grid-scale batteries.
Mr. Koushik Ketharam, Founder, www.intelli360.in
AMFI Registered Mutual Fund
Distributor
www.intelli360.in
assist@intelli360.in
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Disclaimer:
The
information, figures, and points presented in this article are based on the
recent budget announcements. While every effort has been made to ensure
accuracy, errors or omissions may occur. Readers are advised to refer to
official government sources or consult financial experts for precise details.
The author and publisher do not assume any liability for decisions made based
on this article. Any errors or omissions are regretted.
