Saralnama
India's Union Budget 2025-26 aims to promote inclusive growth through reforms in taxation, agriculture, infrastructure, and innovation. Key measures include increasing foreign direct investment in insurance to 100%, introducing a simplified income tax law to reduce complexity, and supporting sectors like agriculture, manufacturing, and tourism. The budget emphasizes enhancing agricultural productivity, rural prosperity, and employment, with initiatives such as broadband connectivity for rural schools, skill development in AI, and welfare for gig workers. It also proposes rationalizing capital gains tax, reducing customs duties on select items, and abolishing angel tax for investors. Infrastructure development includes new power plants, airports, and heritage routes, alongside support for energy transition and maritime development. The government plans to boost exports, MSMEs, and investment through regulatory reforms and public-private partnerships. Social schemes focus on health, education, and urban livelihoods, while innovation is encouraged via research funds and centers of excellence. These efforts collectively target balanced regional growth, economic resilience, and enhanced competitiveness in the global market. (Updated 26 Aug 2025, 14:13 IST; source: link)