Union finance minister Nirmala Sitharaman presented the Union Budget for 2025-26, marking her shortest full budget speech at 1 hour and 14 minutes. Notable past achievements include delivering the longest budget speech in 2020 and presenting India's first paperless budget in 2021.

Sitharaman will present the budget today at 11:00 am. The Parliamentary Budget session kicked off on January 31, 2025. The session is being conducted in two phases: the first part runs from January 31 to February 13, while the second segment is scheduled between March 10 and April 4.

LIVE: During the Union Budget 2025 announcements, Finance Minister Nirmala Sitharaman said that under the new tax slabs, over one crore taxpayers will be exempt from paying taxes

Finance minister Nirmala Sitharaman announced significant tax relief in the Union Budget, raising the nil-tax threshold to Rs 12 lakh, relieving nearly 1 crore taxpayers. She also extended the time frame for filing updated returns to 48 months.

Prime Minister Modi invoked Goddess Lakshmi on Budget-eve, later Indian taxpayers received significant tax relief. Finance Minister announced revised tax slabs where the biggest benefit is for those earning up to Rs 12.

Finance Minister Nirmala Sitharaman said the top priorities of Budget 2025 will be to boost growth and enhance the spending power of the middle class.