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Tag: Nirmala
Opposition MPs stage walkout amid Nirmala Sitharaman’s Budget speech
Several opposition MPs staged a walkout during Nirmala Sitharaman’s Budget speech. They were demanding a discussion on the Mahakumbh stampede and walked out to mark their protest.
Opposition MPs shout slogans, right, during presentation of the Union Budget. After the symbolic walkout, all MPs who went out joined the ongoing parliament session.
At least 30 people died and over 60 were injured in the stampede last week. The opposition blamed the BJP-led UP government’s mismanagement for the tragedy.
Nirmala Sitharaman presents Budget 2025
Nirmala Sitharaman presented her eighth consecutive budget in the Parliament. In her opening remarks, she said the government will realise the ‘sab ka vikas’ goal by stimulating balanced growth for all regions.
“Our economy is the fastest growing among all major economies. Our development track record for the past 10 years and structural reforms have drawn global attention. Confidence in India’s capability and potential has only grown in this period. We see the next 5 years as a unique opportunity to realise sabka vikas, stimulating balanced growth of all regions” she said.
She also stressed unlocking the potential of India’s marine sector and said that the government will bring a framework for the sustainable harnessing of fisheries with a special focus on the Andaman and Lakshadweep zones.
“India ranks second largest globally in fish production and aquaculture. Seafood exports are valued at 60,000 crore rupees. To unlock the untapped potential of the marine sector, our government will bring in an enabling framework for the sustainable harnessing of fisheries from the Indian inclusive economic zone and high seas with a special focus on the Andaman and Nicobar and Lakshadweep islands,” she said.
She also highlighted a national mission for cotton production farmers.
“For the benefit of lakhs of cotton-growing farmers, I am pleased to announce a mission for cotton productivity. This five-year mission will facilitate significant improvements in the productivity and sustainability of cotton farming and promote extra-long staple cotton varieties. The best of science and technology support will be provided to farmers,” Sitharaman added.
The Finance Minister also mentioned that the government will establish a Makhana Board in Bihar to benefit farmers in the area.
“Makhna Board will be established in Bihar to improve production, processing, value addition and marketing of Makhana. The people engaged in these activities will be organized into FPOs. The board will provide handholding and training support to Makhana farmers and will also work to ensure they receive the benefits of all relevant government schemes,” she said.
With inputs from ANI
Opposition MPs stage walkout amid Nirmala Sitharaman’s Budget speechIn a dramatic turn of events during Finance Minister Nirmala Sitharaman’s Budget speech, opposition members of Parliament staged a walkout in protest. As Sitharaman began outlining the government’s fiscal plans for the upcoming year, members from various opposition parties stood up and walked out of the Lok Sabha, expressing their dissatisfaction with the budget proposals.
The opposition MPs criticized the government’s budget, calling it “anti-people” and “pro-corporate.” They raised concerns about the lack of measures to address the economic challenges facing the country, as well as the government’s handling of issues such as unemployment, inflation, and farmer distress.
Despite the opposition walkout, Sitharaman continued with her speech, highlighting the government’s priorities and initiatives to boost economic growth and development. She defended the budget as being in the best interest of the nation and emphasized the need for fiscal discipline and prudent financial management.
The walkout by opposition MPs added a dramatic twist to an already highly anticipated Budget session, setting the stage for further debates and discussions on the government’s economic policies and priorities. As the country awaits further details and analysis of the budget proposals, the walkout by opposition members serves as a reminder of the deep divisions and disagreements that exist within the political landscape of India.
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Nirmala Sitharaman Announces Capacity Expansion In IITs
New Delhi:The Union Budget 2025 will have a focus on expansion of the Indian Institutes of Technology, promotion of education in Artificial Intelligence and Indian languages. Finance Minister Nirmala Sitharaman also noted that Budget 2025 focuses on the development of poor, youth, farmers and women.
The number of students have increased in 23 IITs by 100 per cent in the last 10 years. The Budget proposes to divert funds for creation of additional infrastructure in the five IITs established after 2014 for 6,500 students. The government also plans to expand IIT Patna in the country.Â
Ms Sitharaman has announced the set up around 50,000 Atal Tinkering Labs in the country in the next five years. All government secondary schools will be provided with broadband connectivity.Â
With an aim to provide education for better understanding in rural and remote regions, the government will promote education in Indian languages with the Bhartiya Bhasha Pustak Scheme.
Around five centres of excellence will be set up in the country with global expertise.
Centre of excellence in AI for education will announce three sectors of education.
The Union Budget talked about investing in people with Saksham Aganwadi and Poshan 2.0 programme. The programme will benefit more than 8 crore children, 20 lakh girls adolescent girls and pregnant women.Â
Union Finance Minister Nirmala Sitharaman says, “The investment and turnover limits for classification of all MSMEs will be enhanced to 2.5 and 2 times respectively. This will give them the confidence to grow and generate employment for our youth.”
Nirmala Sitharaman is presenting her eighth consecutive Budget. The late Morarji Desai holds the record for the maximum number of Budget speeches — ten — but these were not consecutive. Former Finance Minister P Chidambaram has presented nine Budgets.
In a major development, Finance Minister Nirmala Sitharaman has announced plans for capacity expansion in the Indian Institutes of Technology (IITs). This decision comes as part of the government’s efforts to enhance the quality of education and increase access to higher education for students across the country.The expansion plan includes the establishment of new IITs in different states, as well as the addition of more seats in existing IITs. This move is expected to provide more opportunities for students to pursue their education in prestigious institutions like the IITs.
Sitharaman emphasized the importance of investing in education and research to drive innovation and economic growth in the country. She highlighted the government’s commitment to supporting the expansion of IITs and other higher education institutions to ensure that India remains at the forefront of technological advancements.
The announcement has been welcomed by students, educators, and industry experts alike, who see it as a positive step towards strengthening the education system in India. With the expansion of capacity in IITs, more students will have the opportunity to learn from top-notch faculty, engage in cutting-edge research, and prepare for successful careers in various fields.
Overall, the decision to expand capacity in IITs is a significant milestone in the government’s efforts to promote excellence in higher education and empower the youth of India to achieve their full potential.
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Nirmala Sitharaman, IITs, capacity expansion, education, higher education, government announcement, India, technology, research, development, innovation
#Nirmala #Sitharaman #Announces #Capacity #Expansion #IITsbudget 2025 live: Budget 2025 Live Updates: Nirmala Sitharaman to introduce New Income tax bill next week; China’s factories, new UDAN boost & education push in focus
Budget 2025 Live Updates: Finance Minister Nirmala Sitharaman presented the first full India Budget of Modi 3.0, aiming to balance middle-class tax relief with economic growth needs.This Budget comes as GDP growth is projected to fall to a four-year low of 6.4% in FY24, near its decadal average. The Economic Survey forecasts 6.3-6.8% growth in FY26, well below the pace required to achieve Viksit Bharat by 2047. It stresses the need for land and labour reforms to drive growth.
With India’s world-leading growth showing signs of moderation, the push for an 8% annual growth rate remains crucial. The projected growth for FY25-26 compares to an estimated 6.4% in FY24 and 8.2% in FY23-24.
Budget 2025 Live streaming: When and where to watch Nirmala Sitharaman’s speech;
Budget Speech Timing: Scheduled for 11 a.m. on February 1 in the Lok Sabha.
Live Broadcast: Available on Sansad TV, DD News, and Sansad TV’s YouTube channel.
Online Updates: Follow all Budget 2025 updates on economictimes.comKey numbers to watch out for in the Union Budget for 2025-26:
Fiscal Deficit
Capital Expenditure
Debt Roadmap
Borrowing
Tax Revenue
GST
Nominal GDP
Dividend
Disinvestment & Asset MonetisationBudget FAQs
What is the Union Budget?
The Union Budget is the annual financial statement of the government. It outlines revenue and expenditure for the upcoming financial year.Who presents the Union Budget?
Finance Minister Nirmala Sitharaman presents the Budget in Parliament.When is the Budget presented?
The Budget is presented on February 1.What are the key components of the Budget?
Revenue Budget
Expenditure Budget
Fiscal Deficit
GDP Growth Projections
Policy AnnouncementsWill there be changes in income tax slabs?
Given the pressure on middle class, Nirmala Sitharaman may propose changes in tax slabs, exemptions, and deductions under the old and new tax regimes in the budget.What are the indirect tax changes?
Major indirect taxes are GST, customs, excise duties etc. The Budget can alter GST rates, impose or reduce customs and excise duties, impacting imported goods and services.Get ready for the latest updates on Budget 2025 live! Finance Minister Nirmala Sitharaman is all set to introduce a new Income tax bill next week, paving the way for significant changes in the tax structure.
In addition to the tax reforms, the budget will also focus on boosting China’s factories, promoting the new UDAN (Ude Desh Ka Aam Nagrik) scheme for regional connectivity, and pushing for advancements in education.
Stay tuned for more updates as we bring you the latest developments and analysis on Budget 2025 live! #Budget2025 #NirmalaSitharaman #IncomeTaxBill #ChinaFactories #UDAN #EducationPush”
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Budget 2025, Budget 2025 Live Updates, Nirmala Sitharaman, New Income Tax Bill, China’s factories, UDAN boost, education push, Budget 2025 news, budget updates, government budget, economic news, tax bill announcement, Nirmala Sitharaman news
#budget #live #Budget #Live #Updates #Nirmala #Sitharaman #introduce #Income #tax #bill #week #Chinas #factories #UDAN #boost #education #push #focus
