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Union Budget 2025: Date, Time, Things to Know

Written by: Kusum KumariUpdated on: Jan 29, 2025, 11:17 AM IST
Union Budget 2025 will be presented by Finance Minister Nirmala Sitharaman on February 1, 2025 at 11 AM. Key sectors expect tax reforms, healthcare, auto, and financial services.
Union Budget 2025: Date, Time, Things to Know
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Finance Minister Nirmala Sitharaman will present the Union Budget 2025. This will be her 8th consecutive Union Budget presentation, making her the first Finance Minister to achieve this feat. The previous record was held by Morarji Desai, who presented 6 consecutive budgets.

Budget 2025 Date and Time

Nirmala Sitharaman will present the Union Budget 2025 in Parliament at 11:00 AM on Saturday, February 1, 2025.

Stock Markets (NSE and BSE) to Remain Open on Union Budget Day

Even though the Budget is being presented on a Saturday, both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain open for trading. The markets will operate during regular hours, from 9:15 AM to 3:30 PM.

This is similar to previous years, such as February 1, 2020, and February 28, 2015, when budgets were also presented on Saturdays with markets open for trading.

Where to Watch the Union Budget 2025 Presentation?

You can follow www.angelone.in/news to follow the live update on the Union Budget 2025.

Accessing the Budget Documents

The Union Budget documents will be available digitally on the official government portal, www.indiabudget.gov.in. The budget documents, including the Annual Financial Statement, Demand for Grants (DG), and the Finance Bill, can also be accessed through the Union Budget Mobile App.

Things to Know Ahead of Union Budget 2025

Seventh Pre-Budget Consultation Meeting

Finance Minister Nirmala Sitharaman will present the Union Budget for 2025-26 on February 1, 2025. In preparation, she chaired the seventh Pre-Budget Consultation meeting with key stakeholders from the financial sector and capital markets. Click here to learn more about the key industry demands and suggestions that emerged during the discussions. 

NAREDCO Proposes Hike in Housing Loan Interest Deduction For Budget 2025

As per news reports, the National Real Estate Development Council (NAREDCO) has urged the government to increase the deduction on housing loan interest payments from ₹2 lakh to ₹5 lakh in the upcoming 2025 Budget. This proposal is aimed at boosting the flow of funds into the affordable housing sector. Click here to learn more about the NAREDCO proposal on the hike in housing loan interest deduction. 

Home Loan Borrowers Hope for Enhanced Tax Benefits in this Budget

As per the Deloitte India report, Home loan borrowers and industry experts have expectations from the Union Budget 2025-26, hoping that Finance Minister Nirmala Sitharaman will address their long-standing demands for increased tax benefits. To know more about the proposals for consolidated and higher tax benefits, click here. 

Automobile Sector’s Expectations from Union Budget 2025

As Budget 2025 approaches, the automobile industry anticipates reforms to simplify GST classification, reduce tax rates on hybrid vehicles, and streamline ITC refunds for EV manufacturers. These measures aim to enhance growth, sustainability, and ease of doing business.

Click here to know more about other key expectations. 

Budget 2025: Key Expectations for Life Sciences & Healthcare Growth

As per Deloitte’s report, India’s pharmaceutical sector has transformed into a global leader in drug and vaccine manufacturing, supplying medicines to over 200 countries. Click here to learn more about the key expectations from the life sciences and healthcare (LSHC) sector, particularly to address ongoing challenges and capitalise on growth opportunities. 

Key Expectations for Union Budget 2025-26: Tax Reforms and Growth Strategies

As per  Deloitte’s report, Union Budget 2025-26 will focus on bolstering private consumption, investment, and export competitiveness while addressing inflation and enhancing infrastructure development. Key tax reforms include simplifying compliance for Non-Resident Indians (NRIs) by enabling direct tax payments from overseas bank accounts and providing clarity on stock option taxation for non-resident employees to reduce litigation. 

To get a deeper dive into 4 major expectations from the union budget 2025-26, click here

Financial Services Sector Expectations in this Budget

As India prepares for the Union Budget 2025, the financial services sector anticipates reforms to enhance growth and sustainability. To learn more about the industry’s expectations for the upcoming Union Budget 2025, as mentioned in various media reports, click here.

Key Expectations for Boosting India’s Retail Sector in Union Budget 2025

As per Deloitte’s Budget Expectations 2025 analysis report, the current landscape of the Indian retail sector is shaped by both challenges and opportunities, with varying dynamics across urban and rural markets. To learn more about the Expectations in the Retail Sector for Union Budget 2025, click here

AMFI Seeks Indexation Return for Debt Funds in Budget 2025

AMFI urges Budget 2025 to restore indexation benefits for debt funds, boost long-term savings, and align taxation with NPS to fuel investor confidence and growth. To know more about the 15-point proposal for the Union Budget 2025-26 by AMFI, click here

Technology, Media, and Telecommunications Sector Expectations in this Budget

The TMT sector anticipates reforms such as tax relief for data centres and rising scope for carrying forward losses on amalgamation. To learn more about the sector’s expectations, click here

ICAI Proposes Joint Taxation for Married Couples in Budget 2025

Budget 2025 could introduce joint taxation for married couples, as suggested by ICAI, offering higher exemptions and improved tax slabs to ease financial burdens. To learn more about the key points of ICAI’s proposal, click here

CII Proposes 10-Point Plan to Simplify Business and Boost Transparency for Budget 2025

CII’s 10-point agenda for Budget 2025 focuses on easing business processes by simplifying regulations, reducing compliance, and improving transparency to boost growth. To know more about the key recommendations by CII, click here

Pharma and Healthcare Sector Seek Tax Relief and Increased Spending in Budget 2025

The Indian pharmaceutical and healthcare industries are optimistic about Finance Minister Nirmala Sitharaman’s upcoming Union Budget 2025. Their wish list includes increased healthcare spending, tax cuts for research and development (R&D), and support for infrastructure growth to drive innovation and accessibility. To know more about the expectation on tax relief, R&D and health care spending, click here

Key Highlights of Last Budgets Under FM Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman’s approach to budget-making over the years has evolved to address the challenges and opportunities of each specific year. To know more about the key highlights from the last Union Budgets, click here

Budget 2025: Space Sector Seeks PLI, Tax Relief, and Boosted Funding

India’s space sector demands a PLI scheme, tax cuts, higher budgets, and strategic incentives in Budget 2025 to drive growth and global competitiveness. To know more about India’s space sector expectations for the Union Budget 2025-26, click here

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

Published on: Jan 28, 2025, 5:29 PM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

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