Finance Minister Nirmala Sitharaman will present her 8th consecutive Union Budget Today-February 1, 2025, at 11 a.m., moving closer to Morarji Desai’s record of 10 budgets. The budget is expected to boost economic growth, encourage spending, and control the fiscal deficit. As per the Economic Survey 2024-25, India’s GDP is projected to grow between 6.3% and 6.8% in 2025-26, slightly higher than this year’s 6.4% estimate.
Budget 2025 is expected to bring major changes, including lower taxes for those earning up to Rs 10 lakh annually, a push for affordable electric vehicles, and a fivefold increase in the minimum EPFO pension to Rs 5,000. With trade unions demanding an 8th Pay Commission and higher taxes on the super-rich, the budget aims to address economic slowdown and boost household savings.
The Karnataka High Court is deliberating a plea to dismiss extortion charges against BJP leaders, including Nirmala Sitharaman, linked to the Electoral Bonds scheme. The case arose from a complaint by activist Adarsh R Iyer, alleging illegal donations under duress. The court has temporarily stayed the investigation while assessing the validity of the complaint and the extortion claims.
Today, On 30th September, the Karnataka High Court suspended the investigation of Finance Minister Nirmala Sitharaman related to the Electoral Bonds case, following a petition by BJP member Nalin Kumar Kateel. The complaint, filed by activist Adarsh R. Iyer, alleges extortion linked to electoral bonds, which has faced legal challenges.
PM Modi and leaders across India mourn the loss of eminent jurist Fali S. Nariman at 95. Recognized for his legal brilliance and integrity, Nariman’s legacy spans landmark cases, legal association leadership, and legislative membership. His passing leaves an irreplaceable void in the legal fraternity, though his inspiring contributions will endure for generations.
The Interim Budget 2024, presented by Finance Minister Nirmala Sitharaman, emphasizes uplifting farmers, women, youth, and the impoverished. It focuses on infrastructure, tax rates, fiscal deficit adjustments, and introducing initiatives such as affordable housing and free electricity through solar power. The budget aims for continued government functionality until a new administration presents a full fiscal year budget.
In the Interim Budget 2024, Finance Minister Nirmala Sitharaman allocated Rs 6,461 crore to the Union Law Ministry, Rs 1,709 crore more than the previous year. It covers government expenses and revenues for a short span in an election year until a new government is elected. The 2023-24 budget proposed a total expenditure of Rs 45,03,097 crore.
Landmark Decision: Union Cabinet Endorses 33% Women’s Reservation in Lok Sabha and State Assemblies In a landmark decision, the Union Cabinet, led by Prime Minister Narendra Modi, has sanctioned the Women’s Reservation Bill. This pivotal move comes on the cusp of the forthcoming April elections, with the government keen to resonate with the female electorate, […]