News Overview

The Finance Minister is presenting 8th Union Budget 2025, and has announced several reforms for the middle class taxpayers, some of which are:

Ambika Cotton Mills surged up to 9% to trade at Rs 1,630 after the announcement, while KPR Mills saw a nearly 4% increase.

On February 1, 2025, the Finance Minister Nirmala Sitharaman announced major changes/reforms for the Tourism and Innovation Sector, which are:

It is significant to remember that the budget from the previous year had made room for projects in Bihar and Andhra Pradesh

RBI's ₹2.1 lakh crore bonus dividend and controlled spending helped maintain the FY25 fiscal target despite slower growth.

Sitharaman said that it will continue the scheme of a fifty-year interest-free loan for capital expenditure to states. It will have a total outlay of Rs 1.5 lakh crore.

An extra Rs 1.5 lakh crore in credit would be made available to MSMEs over the next five years

Crop diversification, better irrigation, and improved credit access will uplift 1.7 crore farmers.

Defence startups and tech innovators, such as IdeaForge and Zen Tech, are likely to remain in focus, with possible government incentives encouraging new investments in the sector.

The board of directors has announced an interim dividend of ₹2 per equity share with face value of ₹1 each.