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Finance Minister Nirmala Sitharaman presented a record 8th consecutive Union Budget on Saturday (February 1, 2025), focussing on four engines: Agriculture, MSME, Investment, and Exports, to drive the goal of Viksit Bharat.
In a relief to taxpayers, Ms. Sitharaman announced that individuals earning up to ₹12 lakh annually will not have to pay any income tax under the new tax regime. Meanwhile, Bihar remained in focus in the presentation of the Union Budget with Finance Minister Nirmala Sitharaman making several announcements for the State, including setting up of a Makhana Board, financial support for western Kosi canal and support for enhancing capacity of IIT Patna.
Also read: Union Budget 2025 LIVE
Reactions from various political leaders have begun pouring in, especially after the Economic Survey was tabled in the Parliament on January 31, 2025.
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Follow the highlights below to see what political leaders are saying about the Union Budget