I will be live tweeting the budget 2025
#Budget2025
#Budget2025
@TimesNow First few proposals for agriculture.
The biggest reform is yet to happen - what we need are deeper farm reforms - but that remains a political hit potato.
#Budget2025 @TimesNow
The biggest reform is yet to happen - what we need are deeper farm reforms - but that remains a political hit potato.
#Budget2025 @TimesNow
@TimesNow India Post along with the Payment Bank to be repositioned.
This is good, but they need to change the DNA of the institution. HUGE pipeline to rural wallets
#Budget2025 @TimesNow
This is good, but they need to change the DNA of the institution. HUGE pipeline to rural wallets
#Budget2025 @TimesNow
@TimesNow MSME: 2.5 time limit hike for MSMEs.
Better credit.
Sop to start-ups
And for export MSMEs - more credit
Micro firms - credit card with 5 lakh limit (not sure if this is just another cash transfer)
#Budget2025 @TimesNow
Better credit.
Sop to start-ups
And for export MSMEs - more credit
Micro firms - credit card with 5 lakh limit (not sure if this is just another cash transfer)
#Budget2025 @TimesNow
@TimesNow Set up a national manufacturing mission to further make in India (what govt needs to do is to get out of the way and stop the regulatory cholesterol - India needs its own DOGE)
#Budget2025 @TimesNow
#Budget2025 @TimesNow
@TimesNow Investment:
Atal Tinkering Labs - 5 lakh in schools to push innovation
(good idea except states run these schools and the outcomes are dismal on basic education)
#Budget2025 @TimesNow
Atal Tinkering Labs - 5 lakh in schools to push innovation
(good idea except states run these schools and the outcomes are dismal on basic education)
#Budget2025 @TimesNow
@TimesNow 10000 additional seats in medical seats.
(good move)
Day care cancer centres in all district hospitals
(again positive for cancer patients)
#Budget2025 @TimesNow
(good move)
Day care cancer centres in all district hospitals
(again positive for cancer patients)
#Budget2025 @TimesNow
@TimesNow Social security for gig workers.
ID cards and registration on e-shram
Given health care under Jan Aroyga
1 crore gig workers to benefit
#Budget2025 @TimesNow
ID cards and registration on e-shram
Given health care under Jan Aroyga
1 crore gig workers to benefit
#Budget2025 @TimesNow
@TimesNow 1.5 trillion for 50 year int free loans to states for Capex and reform
(good, but needs performance benchmarks)
#Budget2025 @TimesNow
(good, but needs performance benchmarks)
#Budget2025 @TimesNow
@TimesNow Urban reforms
Challenge fund - 1 trillion to implement cities as growth hub
Finance unto 25% of bankable projects, 50% must be funded from bonds, banks and PPP
Power sector - incentives for electricity distribution pipelines by states
#Budget2025 @TimesNow
Challenge fund - 1 trillion to implement cities as growth hub
Finance unto 25% of bankable projects, 50% must be funded from bonds, banks and PPP
Power sector - incentives for electricity distribution pipelines by states
#Budget2025 @TimesNow
@TimesNow Nuclear energy - 100 GW by 2047 for energy security
(very very important to develop this - nuclear is the game changer)
#Budget2025 @TimesNow
(very very important to develop this - nuclear is the game changer)
#Budget2025 @TimesNow
@TimesNow Modified Udaan scheme for regional connectivity.
Target of 4 crore additional passengers in next 10 years
Support smaller airports and helicopters.
Greenfield airports for Bihar (3rd proposal for Bihar)
#Budget2025 @TimesNow
Target of 4 crore additional passengers in next 10 years
Support smaller airports and helicopters.
Greenfield airports for Bihar (3rd proposal for Bihar)
#Budget2025 @TimesNow
@TimesNow Another fund for helping finish housing projects - 15,000 crore. Another 1 lakh units to be completed.
(good for those with money stuck in half finished housing)
#Budget2025 @TimesNow
(good for those with money stuck in half finished housing)
#Budget2025 @TimesNow
@TimesNow Part B
Hold your hearts people!
New income tax bill soon
Focus on tax-payer ease (we have heard the before. Scares me to hear it again)
#Budget2025 @TimesNow
Hold your hearts people!
New income tax bill soon
Focus on tax-payer ease (we have heard the before. Scares me to hear it again)
#Budget2025 @TimesNow
@TimesNow @gchikermane @rishiagraw Fiscal deficit
2024-25 - 4.8% (excellent!)
2025-26 - 4.4% (excellent!)
#Budget2025 @TimesNow
2024-25 - 4.8% (excellent!)
2025-26 - 4.4% (excellent!)
#Budget2025 @TimesNow
@TimesNow @gchikermane @rishiagraw Part B
Indirect taxes
1. remove 7 tariff rates - only 8 rates left
2. cess only for a few
3. Not more than 1 cess or surcharge - 82 tariff lines removed from cess
#Budget2025 @TimesNow
Indirect taxes
1. remove 7 tariff rates - only 8 rates left
2. cess only for a few
3. Not more than 1 cess or surcharge - 82 tariff lines removed from cess
#Budget2025 @TimesNow
@TimesNow @gchikermane @rishiagraw Direct taxes
(the moment we are all waiting for)
#Budget2025 @TimesNow
(the moment we are all waiting for)
#Budget2025 @TimesNow
@TimesNow @gchikermane @rishiagraw New bill will be half the size of the current rule book
Will be simple
And easy to follow
(waiting with bated breath)
#Budget2025 @TimesNow
Will be simple
And easy to follow
(waiting with bated breath)
#Budget2025 @TimesNow
@TimesNow @gchikermane @rishiagraw Personal income tax reforms with a focus on middle class
TDS and TCS to chnage
#Budget2025 @TimesNow
TDS and TCS to chnage
#Budget2025 @TimesNow
@TimesNow @gchikermane @rishiagraw TDS - rates and thresholds to be reduced
50000 to 1 lakh TDS threshold for sr citizen
TDS on rent hiked to 6 lakh
TCS - 7 to 10 lakh hiked
removed for education where loan is taken
#Budget2025 @TimesNow
50000 to 1 lakh TDS threshold for sr citizen
TDS on rent hiked to 6 lakh
TCS - 7 to 10 lakh hiked
removed for education where loan is taken
#Budget2025 @TimesNow
@TimesNow @gchikermane @rishiagraw Where there is TDS, there is no TCS (not sure of this - will read speech later)
Only in non-PAN cases (this is good)
#Budget2025 @TimesNow
Only in non-PAN cases (this is good)
#Budget2025 @TimesNow
@TimesNow @gchikermane @rishiagraw Personal income tax reforms with focus on middle class!
It is here people!
No income tax payable unto Rs 12 lakh
THIS IS BIG
#Budget2025 @TimesNow
It is here people!
No income tax payable unto Rs 12 lakh
THIS IS BIG
#Budget2025 @TimesNow
@TimesNow @gchikermane @rishiagraw 12.75 lakh effective due to standard deduction
0-4 lakh nil
4-8 lakh 5%
8-12 10%
above 24 lakh 30%
THIS IS HUGE
#Budget2025 @TimesNow
0-4 lakh nil
4-8 lakh 5%
8-12 10%
above 24 lakh 30%
THIS IS HUGE
#Budget2025 @TimesNow
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