Union Budget 2025: Key Dates, Expectations, and Schedule for the Budget Session

The Budget Session of Parliament is scheduled to start on January 31, 2025, with crucial discussions and announcements that will shape India’s economic future. The session will be held in two parts, with the first part concluding on February 13 and the second part resuming on March 10, ending on April 4.

The Fourth Session of the 18th Lok Sabha will begin on January 31 with the President of India addressing both Houses of Parliament at 11 a.m. This will pave the way for the Union Budget 2025-26, which will be presented by Finance Minister Nirmala Sitharaman on Saturday, February 1, 2025, at 11 a.m.

On January 31, half an hour after the President’s address, the Lok Sabha will meet for transaction of government business. Unless otherwise directed, sittings of Lok Sabha will take place between 11 a.m. and 1 p.m. and from 2 p.m. to 6 p.m.

Finance Minister Nirmala Sitharaman will present her eighth successive Union Budget for the Modi government. The upcoming budget will cover a host of economic issues and lay down a foundation for long-term growth.

Economists, industry leaders, and citizens are all expecting significant reforms and relief in the Union Budget 2025-26. Among these are:

1. Farmers and Small Businesses: Special packages and subsidies to help agriculture and MSMEs.
2. Tax Relief for the Middle Class: Reduce income tax rates and simplify the tax structure for enhanced disposable income.
3. Increasing Domestic Consumption and Employment: Policies to boost domestic consumption and create employment opportunities.
4. GST Reforms: Industry voices have been clamoring for cutting down the rates of Goods and Services Tax to get the economy moving.

Indian industries hope for reforms that can fuel growth and competitiveness. Key demands are:
Tax relief for middle-class taxpayers. Sector-specific incentives to attract investments.

• Increased allocation for infrastructure projects to boost economic activity.

As the countdown to the Union Budget 2025 begins, all eyes are on the announcements and reforms that could redefine India’s growth trajectory. With expectations riding high, this budget is poised to play a critical role in steering the country’s economic and social priorities.