LIVE: India Budget Session 2025 Updates

We are updating the live updates from the parliament on the budget session. Keep following us for more information.

• Big update on school education upgrade: Broadband will be provided to all schools
• IIT student count has increased in the past 5 years.
• Centre of Excellence for AI for Education will be setup with 500 crores
• Gig workers for online providers will be arranged for online registration and ID cards will be provided. More over, insurance will be arranged under PM scheme
• Nuclear Energy to be increased by 100 mega-watt by 2047

Deep tech fund

• 10,000 fellowships will be provided in IIT and IISc
• National geo spatial mission will be started to create data

Taxpayer convenience

• New income tax bill to be introduced next week

Consumer Convenience

• CKYC to be introduced by 2025 and made more prevalent

Ease of doing business

• People friendly, trust based ease of doing business regulatory reforms will be performed:
• A committee will be created to suggest changes
• States will be encouraged to participate in reforms
• More than 100 activities will be de-criminalized

Customs and BCDs

• A time limit of 2 years for custom related enquiries to ease compliance

Income Tax Changes

• New income tax bill will be half of the current law in size and rules
• No income tax till 12 lakhs as a rebate