Finance Minister Nirmala Sitharaman will present the Union Budget for the 2025-26 fiscal year on Saturday, February 1, 2025. In preparation, the Finance Minister will hold a pre-Budget meeting with representatives from the financial sector and capital markets today.
Key Updates:
- Budget Day Trading:
- Equity markets will operate as usual until 3:30 PM.
- The commodity derivatives market will remain open till 5 PM.
- Industry Expectations:
- FICCI Recommendations:
- Increase capital expenditure (capex) to drive infrastructure growth.
- Simplify tax structures to promote ease of doing business.
- Enhance the healthcare budget to strengthen the sector.
- Establish an independent dispute resolution body for tax-related matters.
- FICCI Recommendations:
With less than five weeks until the Union Budget, industry bodies and stakeholders are actively engaging with the government, submitting their recommendations to shape policies aimed at boosting economic growth, increasing consumption, and enhancing fiscal efficiency.
