Date | Tuesday, March 25, 2025 |
Lok Sabha Passes Finance Bill 2025 | Passed with 35 government amendments; moves to Rajya Sabha |
Key Amendment | Abolition of 6% digital tax on online advertisements |
Total Expenditure (FY 2025-26) | ₹50.65 lakh crore (7.4% increase over FY 2024-25) |
Capital Expenditure | ₹11.22 lakh crore (Effective: ₹15.48 lakh crore) |
Gross Tax Revenue Collection | ₹42.70 lakh crore |
Gross Borrowing | ₹14.01 lakh crore |
Finance Minister | Nirmala Sitharaman |
Vision | Viksit Bharat by 2047; tax certainty |
Tax Relief Measures | Unprecedented relief for individuals and businesses |
Tax Mobilization Focus | Increased focus on individuals with foreign assets |
Centrally Sponsored Schemes Allocation | ₹5,41,850.21 crore (up from ₹4,15,356.25 crore in FY 2024-25) |
Central Sector Schemes Allocation | ₹16.29 lakh crore (up from ₹15.13 lakh crore in FY 2024-25) |
State Resource Transfer | ₹25,01,284 crore (increase of ₹4,91,668 crore over 2023-24) |
Fiscal Deficit (FY 2025-26) | 4.4% of GDP (down from 4.8% in FY 2024-25) |
GDP Estimate (FY 2025-26) | ₹3,56,97,923 crore (10.1% increase over FY 2024-25) |
National Statistical Office (NSO) | Released Revised Estimates for FY 2024-25 (₹3,24,11,406 crore) |