Union Budget 2025-26

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New Income-Tax Bill to be introduced in Parliament next week ............................. No personal income tax for income up to Rs 12 lakh under the new regime

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Total govt receipts other than borrowings at Rs 34.96 lakh crore; total expenditure at Rs 50.65 lakh crore ............................. Net tax receipts at Rs 28.37 lakh crore

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Fiscal deficit at 4.4 per cent of GDP ............................. Gross market borrowings at Rs 14.82 lakh crore ............................. Capex expenditure at Rs 11.21 lakh crore or (3.1% of GDP)

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Foreign Direct Investment (FDI) in the insurance sector to be hiked to 100 per cent from 74 per cent ............................. Prime Minister Dhan-Dhaanya Krishi Yojana - The programme to be launched in partnership with States, covering 100 districts, to benefit 1.7 crore farmers

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Government to launch 6-year 'Mission for Aatmanirbharta in Pulses' with focus on Tur, Urad and Masoor ............................. NAFED and NCCF to procure these pulses from farmers in next 4 years

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Comprehensive programme for vegetables and fruits ............................. Makhana Board to be established in Bihar to improve production, processing, value addition, and marketing of fox nuts

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Urea Plant with an annual capacity of 12.7 lakh metric tonnes to be set up at Namrup, Assam ............................. Investment and turnover limits for classification of all MSMEs to be enhanced to 2.5 and 2 times, respectively

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Customised credit cards with Rs 5 lakh limit for micro-enterprises registered on Udyam portal, 10 lakh cards to be issued in 1st year ............................. New Fund of Funds, with expanded scope and a fresh contribution of Rs 10,000 crore to be set up

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New scheme for 5 lakh women, SC and ST first-time entrepreneurs to provide term-loans up to Rs 2 cr in the next 5 years announced ............................. Focus product scheme announced to facilitate employment for 22 lakh persons, generate a turnover of Rs 4 lakh cr and exports of over Rs 1.1 lakh crore

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