Summary of Union Budget 2024-2025

The Union Budget 2024-2025, presented by Finance Minister Nirmala Sitharaman, aims to boost economic growth and development. Key highlights include an increased capital expenditure of ₹10 lakh crore, with a focus on infrastructure development such as roads and railways. The budget proposes a new direct tax regime, reducing the highest surcharge rate on income tax from 37% to 25%. There are incentives for the manufacturing and startup sectors, including extended tax benefits for startups. Significant funds are allocated for the agriculture sector, aiming to promote agri-tech and improve farmers' income. Additionally, the budget emphasizes green growth, with investments in renewable energy and sustainable development initiatives.