Indian Parliament Budget Session 2025: Will This Budget Be a Game-Changer?
The Indian Parliament Budget Session 2025 has been eventful, with significant policy discussions, protests, and budgetary announcements shaping the proceedings. The session began with intense debates over the deportation of Indian nationals from the United States, leading to protests and an adjournment of the Lok Sabha. Opposition members strongly criticized what they described as the "inhumane deportation" of Indian citizens, urging the government to take immediate action. Congress leaders moved adjournment motions to push for a discussion on the matter.
Union Budget 2025-2026: Tax Reforms and Economic Growth
Finance Minister Nirmala Sitharaman presented the Union Budget 2025-2026 on February 1, introducing key tax reforms aimed at boosting economic growth. A major highlight was the revision in income tax slabs, making individuals earning up to Rs 12 lakh annually tax-exempt, a move expected to provide financial relief to the middle class. The budget also included increased farm credit limits to Rs 5 lakh and major investments in healthcare and education, including 10,000 new medical seats.
Infrastructure and Space Sector Boost in Indian Parliament Budget Session 2025
Infrastructure development received substantial allocations, with a focus on expanding India’s space sector. Increased funding for IN-SPACe and satellite broadband services highlights the government's commitment to technological advancements. Additionally, large-scale projects in urban and rural infrastructure aim to drive economic growth and job creation.
Political Reactions and Criticism of Budget 2025
Prime Minister Narendra Modi addressed the Motion of Thanks on President Droupadi Murmu’s speech, reaffirming the government’s commitment to the Constitution and countering opposition criticism. Congress leader Rahul Gandhi and other opposition figures raised concerns over unemployment, inflation, and GST complexities, arguing that the budget lacks concrete solutions for pressing economic challenges. While some view the budget as a step toward inclusive growth, others argue it does not sufficiently address key sectoral concerns.
Other Key Discussions and Future Proceedings
The budget session is split into two parts, with the first concluding on February 13 and the second resuming on March 10, 2025. Other discussions included demands for transparency regarding the Maha Kumbh stampede casualties, highlighting safety concerns during major public events. The session continues to be marked by strong debates on economic policies, international relations, and governance transparency.
The Indian Parliament Budget Session 2025 remains a crucial legislative period with far-reaching economic and political implications. As the session progresses, further developments are expected to shape India’s financial and political landscape.
