How has Budget 2025 affected your domestic budget? What will be dearer? Find out.
India wicketkeeper-batter Wriddhiman Saha retires from all forms of cricket
On Saturday, February 1, 2025, Finance Minister Nirmala Sitharaman presented a record Budget in the 8th Lok Sabha.
Pakistan selectors want Babar Azam to open in CT, hope star batter will emulate Sachin Tendulkar
Prime Minister Narendra Modi has lauded the Union Budget as a "people's budget" that fulfills the dreams of every Indian and said that it is a "force-multiplier" that will boost consumption, investment and growth. He highlighted a host of measures for different sectors, including welfare initiatives for gig workers, tax relief for the middle class, and support for the manufacturing sector.
India head coach Gautam Gambhir has backed Virat Kohli and Rohit Sharma to play crucial roles in the upcoming Champions Trophy, asserting their "massive value" to the team.
The Union health ministry has been allocated Rs 99,858.56 crore in the Budget 2025-2026, an around 11 per cent hike over the Rs 89,974.12 crore in the budget (revised estimates) of 2024-2025 with the government announcing setting up daycare cancer centres at all district hospitals over the next three years.
Individuals earning up to Rs 12 lakh annually will not have to pay any income tax under the new tax regime as Finance Minister Nirmala Sitharaman on Saturday gave relief to middle class by raising exemption limit and rejigging slabs. For salaried employees, this nil tax limit will be Rs 12.75 lakh per annum, after taking into account a standard deduction of Rs 75,000.
Gross GST revenue rose 12.3 per cent to Rs 1.96 lakh crore in January on higher domestic economic activity, government data showed on Saturday. This includes 10.4 per cent growth in revenue from sale of goods and services domestically at Rs 1.47 lakh crore and 19.8 per cent rise in tax revenue from imported goods at Rs 48,382 crore.
Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, founder and CEO, RightHorizons.
'The scrapping of import duty would help Indian companies compete in international markets, thus paving the way for India becoming a space manufacturing hub for the world.'
Shardul Thakur and Tanush Kotian grabbed four wickets each as rampant Mumbai stormed to an innings and 456-run win over Meghalaya to top the Ranji Trophy Elite Group A table in Mumbai on Saturday.
Tejas Shirse broke his own national record in men's 60m hurdles while finishing second at the Elite Indoor Track Meeting in Miramas, France.
Ushering in reforms, Union Finance Minister Nirmala Sitharaman on Saturday proposed to open up the nuclear power sector for private players and announced a Rs 20,000 crore Nuclear Energy Mission for research in the field, with an aim to set up five small and modular reactors by 2033.
15-year-old Indian amateur golfer Kartik Singh made history by becoming the youngest player from the subcontinent to make the cut in an Asian Tour event at the International Series India.
Union Minister Ashwini Vaishnaw on Saturday said the Budget 2025-26 maintained the government's continuous push to improve Railways by allocating Rs 2.52 lakh crore to it and approving projects such as manufacturing 17,500 general coaches, 200 Vande Bharat and 100 Amrit Bharat trains, among others.
The Union Budget 2025-26 on Saturday allocated Rs 2,33,210.68 crore to the Ministry of Home Affairs with the majority of the fund -- Rs 1,60,391.06 crore -- being given to central police forces like Central Reserve Police Force (CRPF), Border Security Force (BSF) and Central Industrial Security Force (CISF) which are responsible for internal security, border guarding and security of vital installations.
Pacers Suraj Sindhu Jaiswal and Sumit Mohanta shared seven wickets to power Bengal to an innings and 13-run win over Punjab in their Elite Group C match of the Ranji Trophy.
Sasikumar Mukund returned to Davis Cup action with a fluent straight-sets victory over lower-ranked Liova Ayite Ajavon, putting India ahead 1-0 in the World Group I play-off tie against Togo, in New Delhi, Saturday.
A 17-year-old girl died at a private hospital in Guwahati, Assam due to suspected Guillain-Barr Syndrome (GBS). The girl, who hailed from Bihar, was admitted to the hospital around 10 days ago and her condition worsened despite being put on ventilator support. Doctors at the hospital said this is the first known case of GBS in Assam this season, although it is a common bacterial disease that affects the nervous system. The girl's death has raised concerns about a possible rise in GBS cases in the coming days.
The Union Budget 2025-26 has allocated Rs 3,481.27 crore for security-related expenditure (SRE) and the Special Infrastructure Scheme for Left Wing Extremist (LWE) areas. The BJP-led Centre has set a target of March 2026 to end the Maoists menace in the country. The allocation is considered significant in the wake of Union Home Minister Amit Shah's repeated statements that the Narendra Modi government has resolved to end Naxalism in the country by March 2026. This year, till January-end, 40 Naxalites have been killed in separate gunfights in the worst Naxal-hit state of Chhattisgarh. Last year, 219 Naxalites were neutralized by security forces in separate encounters in Chhattisgarh. Six Maoists were killed in Odisha in 2024, while eight were arrested and 24 had surrendered. According to the home ministry's data, 48 Naxals have so far been killed this year in all Naxal-affected states, 290 were killed in 2024 and 50 in 2023. The government has also established 290 camps of security forces in Naxal-affected areas since 2019 and 88 more are proposed to be set up in 2025.
The Union Budget 2025-26 has allocated Rs 1,024.30 crore for expenses incurred by the Council of Ministers, the Cabinet Secretariat and the Prime Minister's Office, and for hospitality and entertainment of state guests. The allocated amount is a bit more than the Rs 1,021.83 crore earmarked in 2024-25.
Maharashtra secured both the men's and women's gold medals in the kho kho event at the 38th National Games.
Kash Patel, former Trump aide and vocal critic of investigations into the former president, testified at his Senate confirmation hearing for FBI director.
Strong fifties from Aarya Desai and Jaymeet Patel along with a disciplined bowling performance led by spinner Siddharth Desai powered Gujarat to a dominant nine-wicket victory over Himachal Pradesh
Finance Minister Nirmala Sitharaman presented her eighth budget on Saturday.
The Union Budget 2025-26 has allocated over Rs 1,400 crore to the law ministry to meet carry forward expenditure for holding the 2024 Lok Sabha elections and purchase of new electronic voting machines for the Election Commission. The allocation includes Rs 500 crore for the elections, Rs 300 crore for voter identity cards, Rs 597.80 crore for "other election expenses", and Rs 18.72 crore for new EVMs. The law ministry is the nodal agency for the Election Commission, polls, electoral laws, and appointment of members to the poll panel.
India's decadal census is likely to be further delayed after the budget allocated only Rs 574.80 crore for the exercise, a significant reduction from previous years. The census, originally scheduled for 2021, has been postponed due to the COVID-19 pandemic, and the government has not yet announced a new schedule. The budget allocation suggests that the exercise may not be carried out even after the delay. The upcoming census will be the first digital census, allowing citizens to self-enumerate using a dedicated portal. The exercise will be made compulsory for citizens who wish to self-enumerate, and Aadhaar or mobile numbers will be required. The census will include questions on household demographics, amenities, and economic status.
Spin twins Matthew Kuhnemann and Nathan Lyon combined to dismantle Sri Lanka and bowl Australia to a crushing victory by an innings and 242 runs in the opening Test in Galle on Saturday.
The Department of Social Justice and Empowerment has received Rs 13,611 crore in the Union Budget announced on Saturday, while the allocation for disability welfare now stands at Rs 1,275 crore.
From the 30-share blue-chip pack, Zomato surged over 7 per cent. Maruti, ITC Hotels, ITC, Mahindra & Mahindra, Asian Paints, Titan and IndusInd Bank were among the biggest gainers. Power Grid, Larsen & Toubro, NTPC, UltraTech Cement, HCL Tech, Tech Mahindra, Infosys and Adani Ports were among the laggards.
Neymar has left Saudi Arabian club Al-Hilal to return to Santos, the Brazilian club where both he and Pele made their names.
Netizens broke out into a meme fest as they welcomed Nirmala Sitharaman's tax break.
As per the Budget memorandum, the government has proposed amendment to Sub-Section 2 of Section 23 of Income Tax Act, which relates to determination of annual value of house properties.
As per the Budget memorandum, the government has proposed amendment to Sub-Section 2 of Section 23 of Income Tax Act, which relates to determination of annual value of house properties.
Zakia Jafri, the wife of former Congress MP Ehsan Jafri who was killed in the 2002 Gujarat riots, died on Saturday in Ahmedabad at the age of 86. Ehsan Jafri was among 69 persons who were killed inside Gulbarg Society, a Muslim neighbourhood in Ahmedabad, on February 28, 2002, a day after coaches of the Sabarmati Express train were burnt in Godhra, resulting in the deaths of 59 'karsevaks' returning from Ayodhya. The incident triggered horrific rioting across the state. Zakia Jafri hit the national headlines as she waged a legal battle all the way to the Supreme Court in a bid to hold top political leaders accountable for the large conspiracy for the riots post the Godhra train burning episode. Her son Tanveer Jafri said that his mother was visiting his sister's house in Ahmedabad when she complained of feeling uneasy. The doctor who was called in declared her dead at around 11:30 am. Social activist Teesta Setalvad, who was co-complainant in Jafri's protest petition in the Supreme Court, posted on X that Zakia Jafri was a compassionate leader of the human rights community.
Finance Minister Nirmala Sitharaman on Saturday announced the removal of import duties on 12 critical minerals, lithium-ion batteries scrap, cobalt products, LED, zinc and 36 drugs for cancer and rare diseases.
Ask tax gurus Mihir Tanna, Samkit Maniar, Vivek Lala, Anil Rego, T S Khurana and Mahesh Padmanabhan your Budget-related tax questions
For every rupee in the government coffer, the biggest pie of 66 paise will come from direct and indirect taxes, according to the Union Budget 2025-26 documents. Around 24 paise will come from borrowings and other liabilities, 9 paise from non-tax revenue like divestment, and 1 paise from non-debt capital receipts, the Budget documents said.
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