Finance minister Nirmala Sitharaman has announced income tax exemption for individuals earning up to Rs 12 lakh annually under the new regime, providi

Highlights: FM Nirmala Sitharaman's announcement on February 1 brings a gift for the Indian middle class with no tax payable up to ₹12 lakh income.

The meeting would take place a day after the RBI announces the outcome of the Monetary Policy Committee meeting amid wide expectation of a rate cut by the central bank to boost moderating GDP growth.

Sitharaman holds the record for the longest budget speech when her presentation lasted 2 hours and 40 minutes in 2020.

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.

Finance Minister Nirmala Sitharaman will present her eighth Union Budget on February 1, 2025, nearing Morarji Desai's record of 10. India's Budget history includes milestones like the longest speech by Sitharaman in 2020 and the shortest by Hirubhai Patel in 1977.

Nirmala Sitharaman makes history by presenting her 8th consecutive Union Budget 2025, maintaining the record for the most consecutive budgets under a single Prime Minister. Appointed India's first full-time woman finance minister in 2019,

The Union Budget 2025, which will be the second full budget of the Modi 3.0 government, is expected to be presented in Parliament by Finance Minister Nirmala Sitharaman on Saturday, February 1, 2025,