Union Budget<\/a> on February 1.<\/p>\n\n\n\nWhile that being said, the income tax rebates she has announced have been the biggest talking point so far.<\/p>\n\n\n\n
Besides this, the finance minister has also announced various schemes for the MSME sector, women, farmers, the education sector, boosting exports, etc. <\/p>\n\n\n\n
It appears that all these initiatives are announced to boost self-reliance in the country at the same time keeping an eye on Atmanirbhar Bharat.<\/p>\n\n\n\n
The announcement of tax relief has been welcomed as a breath of relief after going through the widespread discontent among the middle class.<\/p>\n\n\n\n
Highlights From Union Budget 2025<\/strong><\/p>\n\n\n\nLet’s go through the key takeaways from Nirmala Sitharaman\u2019s speech.<\/p>\n\n\n\n
Sitharaman said that earlier, the Economic Survey which was tabled in Parliament projected a growth rate of 6.3-6.8 per cent for the next financial year.<\/p>\n\n\n\n
Further adding, \u201cViksit Bharat@2047 envisions India as a developed nation by 2047, the centenary of our independence. This would entail sustained economic growth of close to 8 per cent every year for at least a decade.\u201d<\/p>\n\n\n\n
Moving ahead, the finance minister announced a new fund of funds (FoF) for startups with an expanded scope of Rs 10,000 crore.<\/p>\n\n\n\n
Besides this the centre has also proposed to set up a centre of excellence (CoE) in artificial intelligence (AI) for education with a total investment of Rs 500 crore.<\/p>\n\n\n\n
In addition to this, they will extend the startup incorporation period by 5 years as they want to allow more Indian firms to qualify for these benefits.<\/p>\n\n\n\n
For the gig workers, the government of India has announced that they will get health insurance under the Jan Arogya scheme.<\/p>\n\n\n\n
To implement this, they will be given identity cards, said the finance minister.<\/p>\n\n\n\n
In order to cultivate scientific temper in young minds, 50,000 Atal Tinkering Labs will be set up in the country in the next five years.<\/p>\n\n\n\n
Additionally, the government will be launching the Bharatiya Bhasha Pushtak scheme to provide a digital form of Indian language books for schools and higher education.<\/p>\n","protected":false},"excerpt":{"rendered":"
As we all know, India’s Finance minister, Nirmala Sitharaman announced the Union Budget 2025 for the record eighth time this Saturday. The budget comes with a slew of announcements for the startup and tech sector. In addition to this they have included a fund of funds (FoF), an artificial intelligence (AI) centre and measures to […]<\/p>\n","protected":false},"author":19,"featured_media":1290323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[271,7036,94],"class_list":["post-1290304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-ai","tag-mission-ai","tag-startups"],"acf":[],"yoast_head":"\n
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