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By - Metla Sudha Sekhar, IT Specialist and Developer

The Union Budget for 2025-26 is expected to be presented by Finance Minister Nirmala Sitharaman on February 1, 2025. The budget will outline the government's revenue and expenditure plans for the upcoming fiscal year, beginning April 1, 2025. It will also include key announcements on taxation, infrastructure, education, healthcare, and other sectors.

Here are some key expectations from the Union Budget 2025-26:

1. Tax Relief: Individuals and businesses are expecting some tax relief measures in the upcoming budget. This could include an increase in the income tax exemption limit, changes in tax slabs, or a reduction in corporate taxes.

2. Infrastructure Development: The government is likely to continue its focus on infrastructure development in the budget. This could include increased allocation for roads, highways, railways, airports, and other key infrastructure projects.

3. Education and Skill Development: The budget is expected to include announcements on education and skill development. This could involve increased funding for schools, colleges, and universities, as well as programs to enhance employability and entrepreneurship.

4. Healthcare: The government may announce measures to improve healthcare services in the country. This could include increased allocation for hospitals, clinics, and medical research, as well as initiatives to promote preventive healthcare and well-being.

5. Agriculture and Rural Development: The budget is likely to focus on supporting farmers and agriculture. This could include measures to enhance crop productivity, improve market linkages, and provide access to technology and credit.

6. Employment Generation: The government is expected to announce initiatives to promote employment generation in the budget. This could involve measures to support startups, small businesses, and labor-intensive industries.

7. Digital Economy: The budget may include announcements to further the development of the digital economy in India. This could involve measures to enhance broadband connectivity, promote e-commerce, and support digital payments.

8. Sustainability and Climate Action: The government is likely to incorporate measures related to sustainability and climate action in the budget. This could include initiatives to promote renewable energy, reduce carbon emissions, and conserve natural resources.

9. Defense and Security: The budget is expected to allocate funds for defense and security. This could include provisions for modernizing the armed forces, acquiring new equipment, and enhancing border security.

10. Fiscal Consolidation: The government is aiming to achieve fiscal consolidation by reducing the budget deficit. The budget may outline measures to control expenditure and increase revenue collections.

These are just some of the key expectations from the Union Budget 2025-26. The actual budget proposals will be announced by the Finance Minister on February 1, 2025.