India news | Business & Economy: Over the last decade, the number of medical colleges has doubled from 387 in 2013-14 to 780 in 2024-25, marking a 102 per cent increase. During the same period, there was also a substantial rise in MBBS seats.

Union Budget 2025: Govt to set up daycare cancer centres in all district hospitals

Indian Finance Minister Nirmala Sitharaman today (Saturday, Feb 1) presented the Union Budget for 2025-26, a day after unveiling the Economic Survey. Watch in for more details!

Union Budget 2025: 36 life-saving medicines fully exempted from custom duty | WION detailed coverage

India News: Prime Minister Modi praises the Union Budget 2025 as pivotal for India's development journey and growth, highlighting its role in meeting the dreams of 1.4 billion citizens.

‘Force multiplier’ for India’s growth: PM Modi applauds Union Budget 2025

Prime Minister Narendra Modi on Saturday (Feb 1) hailed the Union Budget 2025 as a crucial milestone in India's development journey, emphasising its focus on fulfilling the aspirations of 1.4 billion Indians. Watch in for more details!

'People's Budget': PM Modi hails budget, says it will boost savings, consumption

India News | Business & Economy: Six more lifesaving medicines will be added to the concessional duty list, attracting a reduced customs duty of 5 per cent. Besides, 37 more medicines and 13 new patient assistance programmes will be fully exempt.

Union Budget 2025: 36 life saving drugs, medicines fully exempted from custom duty

India News | Business & Economy | The FM recalled that three AI centres for agriculture, health, and sustainable cities were announced in 2023 and said this new centre will strengthen AI-driven advancements in education. 

India Budget 2025: FM Sitharaman announces AI centre for education, allocates $ 57.6mn

Union Finance Minister Nirmala Sitharaman says, "The FDI limit for the Insurance Sector will be raised from 74 to 100 per cent. This enhanced limit will be available for those companies which invest the entire premium in India. The current guardrails and conditionalities associated with foreign investment will be reviewed and simplified." Watch in for more details!

Budget 2025: Foreign direct investment in insurance hiked 74% to 100% | WION detailed coverage

Discover the upcoming centralised KYC registry, set to revolutionise the customer verification process, as announced by Finance Minister Nirmala Sitharaman.

Union Budget 2025: FM Sitharaman announces revamped central KYC registry

Under the new tax regime, the government has introduced significant changes to benefit taxpayers, especially the middle class. One of the key highlights is the introduction of a "nil tax" slab for income up to ₹12 lakh, meaning individuals with income up to this threshold will pay no income tax. For salaried taxpayers, this limit increases to ₹12.75 lakh due to a standard deduction of ₹75,000.

The revised slabs and rates aim to substantially reduce the tax burden for the middle class, leaving more money in their hands to encourage increased household consumption, savings, and investment. These changes are designed to provide substantial relief to taxpayers and support economic growth.

The government has proposed several changes to rationalise the Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) provisions. The limit for tax deduction on interest income for senior citizens will be doubled from ₹50,000 to ₹1 lakh, providing them with greater tax relief.

Additionally, the annual limit for TDS on rent payments will be increased from ₹2.40 lakh to ₹6 lakh, easing the tax burden for individuals making rent payments.

Budget 2025: Annual Limit Of ₹ 2.4 Lakh For TDS On Rent Raised To ₹ 6 Lakh | WION Detailed Coverage

Sitharaman is presenting her record eighth consecutive Budget on Saturday (Feb 1). The Budget speech is expected to provide a comprehensive overview of the government's fiscal policies, revenue and expenditure proposals, and taxation reforms, along with other important announcements. Finance Minister Nirmala Sitharaman says, "The fiscal deficit is estimated to be 4.4% of the GDP..." Watch in for more details!

Union Budget 2025-26: Fiscal deficit projected at 4.4% of GDP | WION detailed coverage

India news, business, economy: The finance minister in her July Budget had earlier announced a thorough overhaul of the Income Tax Act, 1961

Union Budget 2025: FM Sitharaman to introduce new income tax bill next week

Sitharaman is presenting her record eighth consecutive Budget on Saturday (Feb 1). The Budget speech is expected to provide a comprehensive overview of the government's fiscal policies, revenue and expenditure proposals, and taxation reforms, along with other important announcements.

Union Budget 2025: FM Sitharaman announces Centre for Excellence in AI | WION detailed coverage

India news: FM Sitharaman highlighted the government's vision of 'Sabka Vikas' (Development for All), which she said is aimed at balancing the growth across all regions.

Union Budget 2025: FM Sitharaman vows reforms across six vital domains, from taxes to regulations

India, Business, Economy: Finance Minister Sitharaman introduces new MSME classification criteria to boost growth and streamline business operations.

India Union Budget 2025: Finance Minister announces new classification criteria for MSMEs

Wake up informed with WION's Morning News Brief, bringing you the latest headlines and insights to kickstart your day with a global perspective and clarity.

Morning news brief: India Union Budget 2025; Trump administration to fire FBI agents, and more

As India prepares for the Union Budget 2025, the space sector faces key challenges that require strategic investments and policy reforms. Here are seven areas where the budget could play a crucial role in shaping the future of India’s space industry.

How Union Budget 2025 can bridge structural gaps in India's space sector

Kickstart your morning with WION's Morning News Brief, delivering essential updates and insights to keep you informed and ready for the day ahead.

Morning news brief: 'Black boxes' recovered in US Plane crash; Indian Budget session begins today, and more

As India prepares for its 2025 budget, the youth of the nation are eagerly anticipating changes in education, employment, and social welfare that will shape their future.

India Union Budget 2025: What is the youth expecting?

India news | Business & economy | The Union Budget 2025 is an annual financial statement that will provide a proposal of expenditures and revenues of the federal government for the next fiscal year, starting April 1, 2025, till March 31, 2026. 

Union Budget 2025: Prime Ministers who presented Union Budget

With India’s Union Budget 2025 approaching, citizens and analysts share their expectations. Will the government's proposals match the country's needs, or will there be a gap between promises and outcomes?

India Union Budget 2025: Expectations vs. reality – what can people anticipate?

Union Budget 2025 - Date, time, when and where to watch live?

As India’s Union Budget 2025 nears its final stage of preparation, all eyes are on key measures and reforms that could shape the nation’s economy. Here’s a glimpse at what the budget may hold for individuals, businesses, and the country.

India's Union Budget 2025: What's in it for you? | Final stage of budget prep underway

India News | Business & Economy: The Halwa ceremony, a traditional event marking the final stage of Union Budget preparations, will take place on January 24 at PM in the North Block.

Indian Budget 2025: What is halwa ceremony and its significance

Before the Union Budget is presented, the Finance Ministry hosts the "Halwa Ceremony" approximately 9-10 days prior. This involves preparing halwa in a large kadhai in the North Block's kitchen, with the Finance Minister stirring the sweet dish.

Union Budget 2025: What is Halwa Ceremony? Know date, time, significance and more

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