Budget 2025 LIVE Updates | FM SitHaraman consults key officials, market leaders in 7th pre-Budget dialogue

The Pre-Budget Consultations: A Critical Step

The pre-Budget dialogues have been an annual affair where the Finance Minister interacts with a diverse group of stakeholders, including representatives from the business community, trade associations, industry experts, and government officials. The aim is to understand the concerns and expectations from different sectors of the economy before finalizing the Budget.

In this 7th round of consultations, the focus was on the ongoing challenges and opportunities that will impact India’s economic recovery post-pandemic. Topics likely discussed include:

 

• • Economic Growth: Suggestions to accelerate growth, improve employment rates, and foster a favorable business environment.

• • Taxation Policies: Potential reforms to enhance tax collection efficiency while keeping the burden on businesses and individuals reasonable.

• • Infrastructure Development: Expanding infrastructure to support sectors like manufacturing, agriculture, and technology.

• • Environmental Sustainability: How to integrate green and sustainable practices into the economy without compromising growth.

What to Expect from Budget 2025?

While the exact details of Budget 2025 remain under wraps, the ongoing consultations offer a glimpse into what might be in store. The government’s focus is likely to be on:

Sustainability and Green Initiatives: Measures to align with global sustainability goals while driving long-term economic growth.
Budget 2025 LIVE Updates | Finance Minister Nirmala Sitharaman will present the Union Budget for the 2025-26 financial year on Saturday, February 1, 2025. She chaired the seventh Pre-Budget Consultation meeting today with stakeholders from the financial sector and capital markets in New Delhi.

Sustaining Growth: Post-pandemic recovery and ensuring that growth is inclusive, especially for rural and underserved areas.

Digital Transformation: Emphasis on expanding India’s digital economy with a focus on infrastructure and connectivity.

Job Creation: Policies to stimulate employment in key sectors and encourage skill development.

The meeting was attended by key officials, including the Finance Secretary and other senior government representatives, as confirmed in a tweet by the Finance Minister.

Stock markets will remain open during the Union Budget 2025 on Saturday, February 1. While equity markets will have a regular trading session until 3:30 PM, the commodity derivatives market will continue until 5 PM.

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