Budget 2025: There is now five days left for India’s business year 2025-26 to present the Union Budget. The central government will present the budget on 1 February. In the budget, direct tax is announced. The government allocates according to the sector. The eyes of every sector and segment of the country are on this budget. The budget not only affects the prices of the product, but also works to fix prices for the service industry. Every section of the country is hoping that Finance Minister Nirmala Sitharaman will focus on important issues like inflation, employment and economic development in this budget. In the last year’s budget, there was a lot of focus on public infrastructure and sustainability. This time the government can make allotment or announcements about sectors like Railways, Aviation, Healthcare, Hospitality, Data Center and Manufacturing.
Petrol & Diesel
Last year, the government gave a budget of Rs 1.19 trillion to the Ministry of Petroleum and Natural Gas to improve energy infrastructure. However, petroleum subsidy was reduced. This time the Confederation of Indian Industry (CII) has demanded the government to reduce excise duty on fuel. If this recommendation is considered, the prices of petrol and diesel may be reduced, which will reduce the cost of transport and logistics. If this happens, the cost of the products will also be less.
Announcement for healthcare sector
The pharmaceutical sector is expected to change. Companies like Biocon have requested the government to waive tax on medicines for cancer and rare diseases. If this applies, the treatment of serious diseases can be cheap and easily available.
Announcement for electronics and textile sector
Last year, a budget of Rs 15,500 crore was given for electronics manufacturing, which had focus on semiconductors and mobile construction. This time too, the government can take steps to promote self -sufficiency in this sector, which can reduce the prices of smartphones and electronic goods. Financial assistance and tariff are expected to be cut to promote textile and garment industry. This will not only increase competition in global market of Indian clothing, but will also reduce domestic prices.
Middle class can get relief in income tax
The government can change the income tax slab to provide relief to the middle class. It is expected that the range of Section 80C can be increased from Rs 1.5 lakh to Rs 3 lakh. This will give taxpayers a chance to save more.
Railway and infrastructure
This time the railway can be given special attention in the infrastructure. According to reports, the government can focus more on railway modernization than road transport. This will benefit the logistics and manufacturing sector.
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