- Kisan Credit Card limit enhanced frocm Rs. 3 lakh to Rs. 5 lakh
- Additional Infra in 5 IIT’s set up after 2014. IIT Patna to be expanded
- 10,000 more seats to be added in medical colleges in next year and 75,000 in next five years
- Rs. 500 Cr. for Centre for Excellence in AI
- Social Welfare Scheme for GIG workers
- Extension of Jal Jeevan Mission till 2028
- Urban Challenge Fund of Rs. 1 lakh crore to be set up
- Green field airports to be facilitated in Bihar in addition to Patna airport
- Rs. 20,000 Cr. for Private Sector R&D
- Top 50 tourist destinations to be developed. Focus on destinations linked to Budha
- ‘Heal in India’ to be promoted
- FDI limit for Insurance sector to be raised to 100% if entire premium invested in India
- Revamped KYC Registry to be rolled out
- Customs: Rationalize tariff structure
- 36 life saving drugs exempt from duty & 5% duty on 6 life saving drugs
Direct and Indirect tax - New Income tax Bill Next Week
- New Income tax Bill to be simple and close to present
- Personal Income Tax Reforms for Middle class
- NIL Income tax upto 12,00,000
- Income Tax slab changed
- TDS and TCS rationalize
- Limit for TDS on rent increased from Rs. 2.4 lakh to Rs. 6 lakh
- Limit for TDS on Senior citizens enhance from Rs. 50,000 to Rs. 1,00,000
- TCS removed on remittance for education purposes
- ‘Updated Return’ time limit enhanced to 4 years from present 2 years
Highlights of Union Budget 2025.
