-The Union FM has concluded the budget after making her speech for nearly an hour and 15 minutes.

The biggest announcement from the budget came in the form of the new tax regime, in which, the income tax exemption has been extended from the current Rs 7 lakh to the new Rs 12 lakh.

This would mean that those earning up to Rs 12 lakh will not be liable to pay taxes.

- Tax on Focus

High TDS only to be levied on Non-Pan taxes. The threshold on TCS has be increased to 7 Lakh.

URL https://twitter.com/ANI/status/1885578349986406755

In addition, the FM also said that the new income tax, that will be introduced next be just, fair and simple, further aiding compliance.

- Life-saving Drugs Exempted From Customs

In a major move, the FM has announced and thereby exempted 35 life-saving drugs from the realm of custom dutys. Thsi brings the price of these life saving drugs down.

She also brought BCD or Basic custom duty on 6 living saving drugs to 5 per cent.

-New Income Tax Bill

The FM said that the new income tax bill will be introduced next week

- FM Sitharaman's Focus On Bihar

After announcing the formation of the Makana Board for Makana farmers in Bihar, FM also announced new scheme for Greenfield airport in the state of Bihar, that goes to poll later this year.

The Patna Airport will be expanded.

Further farmers in Mithilanchal from a project on a canal system which will help farming in 50,000 hectares in Bihar.

- Udan scheme

Modified Udan (Ude Desh ka Aam Nagrik) scheme to be launched. The scheme was launched in 2016 to improve regional connectivity and making air travel more affordable.

- Focus On MSMEs

The FM has laid an emphasis on MSMEs in the country. She said that about 45 per cent of India's exports come from MSMEs.

She laid her focus on 7.5 Crore MSMEs.

The FM said she will increase credit access for MSMEs.

India has over 1 crore registered MSMEs

- FM Announces Scheme for Bihar's Makana Farmers

The FM has announced teh setting up for a new Makana board for Makana farmers.

- FM Announces Agri Scheme

The FM announced a new scheme for the agricultural sector. The scheme according to the FM will benefit about 1.7 crore farmer. This is a scheme that will enhance the agricultural sector.

FM Nirmala Sitharaman Begins Her Budget

FM Nirmala Sitharaman has begun her 8th budget speech in the parliament.

Opposition members created a ruckus in Lok Sabha before the presentation of Budget Speaker Om Birla pointed out Samajwadi Party leader Akhilesh Yadav to follow rules and said members will get the opportunity to raise issue on motion of thanks.

Opposition members continue to raise slogans even as FM begins her eighth budget speech

Opposition has staged a walk out in the Lok Sabha as FM lists priority of Narendra Modi government

The Union Budget for the fiscal year 2025-26 will be presented at 11:00 AM by FM Nirmala Sitharaman.

Anticipations and expectations are running high, as businesses and citizens alike are looking forward to the announcement that will be made in the speech.

What Are The Key Aspects?

Cabinet Approves Budget

After Cabinet meeting that was held in the parliament, the Union Cabinet has approved the Union Budget 2025. Now, the Budget is expected to be presented at 11:00 AM

FM Arrives At The Parliament

After visiting the president at the Rashtrapati Bhavan, the Union Finance Minister has arrived at the Indian Parliament.

'Will be for every section of society'

Union Defence Minister reached the parliament. In his remarks on the budget, Singh said, "Budget will be presented. It will be for every section of society."

Women, Common Man & The Salaried

Sheetal Kalro, Deputy Director General, IMC Chamber of Commerce and Industry says, "There are a lot of expectations with the Budget. This Budget will have a lot of focus on farmers, youth, women, common man and salaried employees.

She further added, the government has always focussed on senior citizens, their loans, insurances, medical aid are taken note of.

-FM Meets President Murmu

The FM has reached the Rashtrapati Bhavan ahead of the budget.

The cabinet is expected to hold a head at 10:30 AM

 Union Finance Minister Nirmala Sitharaman is wearing a saree as a tribute to Madhubani Art and the skill of Padma awardee Dulari Devi.

- The Economic Survey

Sitharaman on Friday tabled the Economic Survey in Parliament. As per the Economic Survey, the GDP growth rate is estimated to slip to 4-year low of 6.4 per cent in the current financial year ending March 2025. India's economy is likely to grow at 6.3-6.8 per cent in 2025-26

-Good News For Middle Class?

The second budget of Modi 3.0 is riding high on expectations. The Budget comes ahead of Delhi polls.

The country will also see an election to the state assembly of Bihar later this year.

Prime Minister Narendra Modi hinted at some bonanza for the middle class with his cryptic tweet on Friday: "I pray that Maa Lakshmi continues to bless the poor and middle class of our country."

9:16 AM- Union Budget 2025

Union Finance Minister Nirmala Sitharaman has departed from the Ministry of Finance for Rashtrapati Bhavan, to meet President Droupadi Murmu.

Budget 2025 copies reach Parliament. Though Finance Minister presents a paperless Budget, the MPs still get a physical copy of the budget.

Nirmala Sitharaman started the tradition of paperless budget presentations by reading her budget speech on a tablet.

Budget To Begin at 11:00 AM

The finance minister Nirmala Sitharaman will present her record 8th Budget Today At 11:00 AM