Union Budget 2025-26 Cleared by Cabinet - India News
India's Union Cabinet approves the Budget 2025-26, paving the way for Finance Minister Nirmala Sitharaman's presentation. Learn more about the budget and its key highlights.
Photograph: Altaf Hussain/Reuters
New Delhi, Feb 1 (PTI) The Union Cabinet headed by Prime Minister Narendra Modi on Saturday approved the Union Budget 2025-26.
Following this, Finance Minister Nirmala Sitharaman will present her eighth record Budget in the Lok Sabha that comes in the backdrop of growth slowing down to four-year-low of 6.4 per cent and clamour for tax relief amid moderation in consumption.
This is the second Budget of the BJP-led NDA government in its third term in office.
Sitharaman had in her first Budget in 2019 replaced the leather briefcase -- which was in use for decades for carrying Budget documents -- with a traditional 'bahi-khata' wrapped in red cloth. Like in the past three years, this year's Budget would also be in paperless form.
Following this, Finance Minister Nirmala Sitharaman will present her eighth record Budget in the Lok Sabha that comes in the backdrop of growth slowing down to four-year-low of 6.4 per cent and clamour for tax relief amid moderation in consumption.
This is the second Budget of the BJP-led NDA government in its third term in office.
Sitharaman had in her first Budget in 2019 replaced the leather briefcase -- which was in use for decades for carrying Budget documents -- with a traditional 'bahi-khata' wrapped in red cloth. Like in the past three years, this year's Budget would also be in paperless form.
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