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Union Budget 2025 Highlights Focus on Growth, Tax Relief, and Infrastructure

Union Budget 2025 Highlights Focus on Growth, Tax Relief, and Infrastructure
Saralnama

The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, emphasizes economic resilience through agricultural growth, rural prosperity, MSME support, and infrastructure development. Key measures include tax relief with no income tax up to ₹12 lakh under the new regime, extension of startup tax benefits, and increased foreign direct investment in insurance to 100 percent. The budget also introduces an Urban Challenge Fund of ₹1 lakh crore to promote city development, expands credit facilities for farmers and micro-enterprises, and supports sectors like manufacturing, food processing, and healthcare. Initiatives such as the Prime Minister Dhan-Dhaanya Krishi Yojana, enhanced credit through Kisan Credit Cards, and schemes for gig workers aim to foster inclusive growth. The government plans to boost organic farming, reduce customs duties on mobile phones and chargers, and allocate significant funds to healthcare and pharmaceutical industries. These reforms target long-term goals of employment-led development, innovation, and global competitiveness while simplifying tax laws and reducing compliance burdens. (Updated 19 Aug 2025, 22:18 IST; source: link)