Budget 2025 Speech LIVE: Nirmala Sitharaman proposes to enhance credit cover for MSMEs to ₹10 crore

The Central government which presented the Union Budget 2025 to Parliament has declared that they will introduce the new Income Tax Bill next week. The proposed Income Tax Bill intends to make the existing Income Tax law easier to understand for everyone. The new Income Tax Bill intends to decrease its length by approximately 60 per cent of the total number of pages.

The upcoming Budget is expected to address the broad industry predictions for the capital expenditure growth together with tax relief for salaried individuals. FM Sitharaman released the Economic Survey 2025 during the first part of the Budget Session in Parliament on January 31.

Live Budget speech

She has been presenting her 8th consecutive budget in the Parliament after her 2nd full-budget in the Narendra Modi-led NDA government in 2024 known as Modi 3.0.

The inaugural stage of the Modi Budget Live ession started on January 31, 2025, when Finance Minister Sitharaman presented the Economic Survey 2025 before Parliament.

The Government plans to unveil a new tax regime 2025 next week according to FM Nirmala Sitharaman's announcement.

Budget 2025 highlights: Budget 2025 Speech LIVE: Growth Through Export Promotion

The government will create an Export Promotion Mission to boost export credit facilities along with cross-border factoring support while extending help to MSMEs to manage non-tariff barriers in foreign markets.

The BharatTradeNet (BTN) system will function as a digital public infrastructure platform to manage trade documentation and financing solutions for international trade.

Sameer Shah from Khaitan & Co argues that developing India as a toy manufacturing hub will spark MSMEs creativity and innovation.

FM Sitharaman stated the product scheme for footwear and leather sectors will create 22 lakh jobs and generate turnover of ₹4 lakh crore with exports exceeding ₹1.1 lakh crore.