On February 1, 2025, Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year 2025-26 in Parliament. This marks the eighth budget by Sitharaman, making her the first finance minister in India’s history to present so many budgets. It is also the first budget of Prime Minister Narendra Modi’s third term. Sitharaman emphasised...
Tag: Budget 2025
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Budget 2025: Key Announcements Impacting Real Estate
Key takeaways for the real estate sector include: • Income tax relief for the middle class: The finance minister announced zero income tax for individuals earning up to Rs 12 lakh annually, providing a major consumption boost. This move is also expected to strengthen demand for affordable housing. Additionally, the new income tax bill will...
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Rs 1 trn Urban Challenge Fund to Boost Infrastructure
Finance Minister Nirmala Sitharaman announced that the Indian government will establish a Rs 1 trillion Urban Challenge Fund to enhance urban infrastructure. The fund aims to support cities as centres of economic growth by financing up to 25 per cent of bankable projects, with a focus on creative city redevelopment, water, and sanitation initiatives. The...
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FM Unveils Major Initiatives for Bihar in 2025 Union Budget
In her eighth consecutive budget presentation in Parliament, Union Finance Minister Nirmala Sitharaman laid out a roadmap for achieving “Sabka Vikas” by ensuring inclusive growth across all regions of India. Emphasising the country’s strong economic trajectory, she highlighted India’s position as the fastest-growing economy among major nations. Sitharaman underscored the government’s commitment to harnessing the...
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Budget 2025-26: Industry reactions
Union Finance Minister, Nirmala Sitharaman announced Budget 2025-26 today. The government has planned a number of strategic initiatives which will drive inclusive growth, boost economic growth and provide an impetus to to India’s competitive edge on the global stage. Here’s what industry has to say about various announcements and initiatives announced in the budget: Real...
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Budget 2025-26: Rs 1 lakh crore fund to transform cities
Union Finance Minister, Nirmala Sitharaman announced that the government will create a Rs 1 lakh crore Urban Challenge Fund aimed at transforming cities into growth hubs. The fund will finance 25 per cent of the cost of bankable projects, with an allocation of Rs 10,000 crore for 2025-26. The remaining 50 per cent will be...
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Budget 2025-26: India’s startup ecosystem gets Rs 10,000 crore Fund of Funds
The Union Budget 2025-26 Announced a establishment of a new Fund of Funds with an additional ₹10,000 crore for startups that will provide significant benefits to India’s entrepreneurial ecosystem. Calling it a significant step in strengthening India’s startup ecosystem, Vimal Nadar, Head of Research, Colliers India said, “This fresh infusion, combined with the existing government...