Context: In the Union Budget 2025-26, Finance and Corporate Affairs Minister of India, Smt. Nirmala Sitharaman, presented a series of direct tax proposals toward better governance, minimizing compliance burden, and furthering economic growth. The reforms deal with personal income tax, voluntary compliance, and creating a business-friendly atmosphere. Personal Income Tax Reforms Income Tax Exemption for the Middle Class: Rationalization of TDS/TCS Encouraging Voluntary Compliance Ease Compliance Burden Charitable Trusts – The period of registration for small charitable trusts will be extended to 10 years from 5 years.Self-Occupied Property: The taxpayers shall be allowed to claim Nil for the annual value of two self-occupied properties without any conditions. Employment and Investment Conclusion The Union Budget 2025-26 proposes a series of direct tax reforms to spur economic growth, enhance governance, and reduce compliance for individuals and businesses. The reforms will alleviate the middle class, lighten tax burdens, and provide a business-friendly environment for start-ups, electronics manufacturing, and infrastructure investment.

Context: The Union Budget 2025-26 presented by the Union Minister for Finance, Smt. Nirmala Sitharaman, has come up with various customs proposals with the objective of rationalizing the tariff structure, eliminating duty inversion, and supporting domestic manufacturing. These proposals are expected to give a fillip to exports, enhance trade, and provide relief to the common man. Rationalizing Customs Tariff Structure Relief on Import of Drugs/Medicines Domestic Manufacture and Value Addition Export Promotion Measures Trade Facilitation and Ease of Doing Business Conclusion The Union Budget 2025-26 shall act as a strong foundation to enhance domestic manufacturing, promote exports, and support trade through radical customs reforms. Simplification of tariffs, relief to critical sectors, and the ease of business operations are closely in line with the overall thrust for sustainable economic growth and competitiveness for India at the global level.

Context: In the Union Budget 2025-26 speech, Union Finance Minister Smt. Nirmala Sitharaman charted out key initiatives to position India Post once again as a facilitator of the rural economy. India Post: Empowering Rural Economy Rural Connectivity and Financial Services Large Scale Extension of Services Service offerings under the India Post brand will expand broadly to encompass India Post: The Public Logistics Organization India Post will be positioned as the giant public logistics organization. All types of stakeholders would be targeted which include the Viswakarmas, entrepreneurs, women’s self-help groups, MSMEs and big business house organizations. Conclusion The Union Budget 2025-26 presents India Post as a catalytic force in the growth of the rural economy with its gamut of services, from financial inclusion to logistics. India Post will empower rural communities, entrepreneur

Context: During her Union Budget 2025-26 speech, Smt. Nirmala Sitharaman, Union Finance Minister announced wide-ranging initiatives directed at the nuclear energy and electricity distribution reforms. Nuclear Energy-Reforms in Electricity Sector Nuclear Energy Mission A Nuclear Energy Mission will be launched with research and development of Small Modular Reactors and would significantly invest Rs 20,000 crore. Nuclear Energy Development Targets Private Sector Partnership Reforms on Electricity Distribution and Transmission Incentivisation of States for Electricity Distribution Additional Borrowing for States Conclusion The Union Budget 2025-26 will set off a transformative course in the progress of nuclear energy with Small Modular Reactors (SMRs) that will further improve the electricity sector with state-level reform incentives. The initiatives undertaken are focused toward private sector involvement and electricity distribution reforms to advance India’s overall energy security and further improve the health of electricity firms.

Context: In Union Budget 2025-26, Smt. Nirmala Sitharaman, Union Finance Minister outlined these enhancements while launching the Implementation of Jal Jeevan Mission providing universal accessible rural drinking water Jal Jeevan Mission  Impact Till Date 100% Coverage Target Infrastructure and Sustainability Focus MoUs with States/UTs In MoUs with states and Union Territories (UTs) separately, the sustainability of the project will be ensured. The scheme will be followed in a more community-oriented approach. Conclusion The Union Budget 2025-26 also aims to strengthen the Jal Jeevan Mission with more funding and extension of the mission till 2028. Under this mission

Context: Presenting the Union Budget 2025-26, Union Finance Minister Smt. Nirmala Sitharaman focused on India’s growth trajectory and highlighted the singular opportunity of the next five years for the realization of the vision of ‘Sabka Vikas’. Key Highlights of the Budget India’s Growth Potential Accelerating Growth & Inclusive Development Four Growth Drivers Vision for ‘Viksit Bharat’ Ten Key Development Measures Conclusion This bold commitment towards developing a Viksit Bharat by the Union Budget 2025-26 rests on inclusivity, empowerment, and innovation towards sustainable growth. The speech of the Finance Minister once again highlights the need for

Context: The Union Budget 2025-26 presents significant measures to promote tourism as a driver of employment-led growth and preserve India’s rich cultural heritage. Key Announcements Tourism as an Employment Sector Development of Main Tourist Sites Gyan Bharatam Mission Conclusion The Budget supports tourism development, with the aim of generating huge employment and promoting both domestic and international tourism while sustaining cultural preservation through the Gyan Bharatam Mission. An integrated approach will thus be undertaken, leveraging rich history, spiritual tourism, and expanding medical tourism sectors of India for sustainable growth. 12. Union Budget 2025-26: Vision for ‘Sabka Vikas’ and Balanced Growth Context: Presenting the Union Budget 2025-26, Union Finance Minister Smt. Nirmala Sitharaman focused on India’s growth trajectory and highlighted the singular opportunity of the next five years for the realization of the vision of ‘Sabka Vikas’. Key Highlights of the Budget India’s Growth Potential Accelerating Growth & Inclusive Development Four Growth Drivers Vision for ‘Viksit Bharat’ Ten Key Development Measures Conclusion This bold commitment towards developing a Viksit Bharat by the Union Budget 2025-26 rests on inclusivity, empowerment, and innovation towards sustainable growth. The speech of the Finance Minister once again highlights the need for nurturing all sectors and regions in order to balance, make equal, and benefit in the long run.

Context: The Union Budget 2025-26 presents significant measures to promote tourism as a driver of employment-led growth and preserve India’s rich cultural heritage. Key Announcements Tourism as an Employment Sector Development of Main Tourist Sites Gyan Bharatam Mission Conclusion The Budget supports tourism development, with the aim of generating huge employment and promoting both domestic and international tourism while sustaining cultural preservation through the Gyan Bharatam Mission. An integrated approach will thus be undertaken, leveraging rich history, spiritual tourism, and expanding medical tourism sectors of India for sustainable growth.

Context: Finance Minister Nirmala Sitharaman unveiled major reforms on infrastructure, state development, asset monetization, mining, and domestic manufacturing. Key Announcements Public-Private Partnerships (PPP) in Infrastructure Infra Development Support to States Asset Monetization Plan (2025-30) Mining Sector Reforms PM Gati Shakti Data Access for Private Sector Support for Domestic Manufacturing & Critical Minerals Conclusion The budget is to make investment in the economy speed up with:

Context: Union Finance Minister Nirmala Sitharaman highlighted investment in people, healthcare, and medical innovation as key drivers of national development. Key Announcements Nutritional Support under Poshan 2.0 & Saksham Anganwadi Expansion of Healthcare Infrastructure Medical Tourism & ‘Heal in India’ Initiative Relief on Import of Life-Saving Drugs & Medicines Conclusion The budget speaks of integral investment in human resources with: