Gopocket

Gopocket Live Updation (Budget 2025): Promoting Exports to Propel Growth • Support to be provided to develop domestic manufacturing capacities for our economy’s integration with global supply chains • Government to support domestic electronic equipment industry to leverage Industry 4.0 opportunities for benefit of youth • National framework to be formulated as guidance to states for promoting Global Capability Centres in emerging tier-2 cities.

Gopocket Live Updation (Budget 2025): Promoting Exports to Propel Growth • Export Promotion Mission to be set up; To improve export credit, cross-border factoring support, and support to MSMEs to tackle non-tariff measures in overseas markets • ‘BharatTradeNet’ (BTN), Unified platform for trade documentation and financing solutions to be set up as a digital public infrastructure for international trade

Gopocket Live Updation (Budget 2025): Power sector reforms We will incentivise electricity distribution reforms by States, Ms. Sitharaman said while speaking on power sector reforms . “An additional borrowing of 0.5% of GSDP will be allowed to States contingent on these reforms.”

Gopocket Live Updation (Budget 2025): Urban sector reforms Building on the July Budget proposals, Ms. Sitharaman says in her Budget speech, urban sector reforms will be incentivised through an Urban Challenge Fund of ₹1 lakh crore to implement proposals for creative redevelopment of cities and Cities as growth hubs, and for water and sanitation projects. This fund will finance upto 25% of the cost of bankable projects, with a stipulation that at least 50% of the funding is secured through bonds, bank loans and PPPs. Allocation of ₹10,000 crores proposed.

Gopocket Live Updation (Budget 2025): Jal Jeevan Mission Speaking on the Jal Jeevan Mission, Ms. Sitharaman informs that since 2019, the mission has benefited 15 crore households with potable tap water connections. To achieve 100% coverage by 2028 in rural India, from the current 80%, the outlays will be enhanced, she announced.

Gopocket Live Updation (Budget 2025): To Introduce New Income Tax Bill by Next Week

Gopocket Live Updation (Budget 2025): FDI Limit for Insurance hiked to 100%

Gopocket Live Updation (Budget 2025): The focus on product scheme for footwear & leather sectors is expected to facilitate employment for 22 lakh persons, turnover of ₹4 lakh crore and exports of over ₹ 1.1 lakh crore, according to FM Sitharaman.

Gopocket Live Updation (Budget 2025): Investing in the Economy Expanding on the government’s plans to “Investing in the Economy”, Ms. Sitharaman announces that each infrastructure ministry will come up with a three-year pipeline of projects to be developed in PPP mode. An outlay of ₹1.5 lakh crore is proposed for States’ infrastructure spending through 50-year interest free loans. Second Asset Monetisation plan for 2025 -2030 to plough back capital of ₹10 lakh crore in new projects.

Gopocket Live Updation (Budget 2025): Strengthening urban livelihoods; ID cards for gig workers To assist Urban Poor and vulnerable groups, a scheme for socio-economic development for urban workers will be launched. PM SVANidhi, which has benefitted more than 68 lakh street vendors, ill be revamped with enhanced loans and UPI-linked credit cards, and capacity building support. Online platform workers or gig workers provide great dynamism to the new-age services economy, Ms. Sitharaman said, adding that the government will arrange for ID cards for them with registration on the E-shram portal and give them health cover. This will benefit 1 crore gig workers.

Gopocket Live Updation (Budget 2025): Centre of excellence for Artificial Intelligence in Education announcned Continuing her speech on Investment as an engine for growth, Ms. Sitharaman announced the setting up of Centre of excellence for Artificial Intelligence. A centre of excellence for Artificial Intelligence in Education will be set up at a total outlay of ₹500 crore. The government will also focus on expansion of medical education. Ms. Sitharaman notes that the government has added 1.1 lakh UG and PG seats in 10 years. In the next year, 10,000 additional seats to be added in medical education. “Our government will facilitate setting up day-care Cancer centres in all district hospitals in the next three years, with 200 centres to be established in 2025-26 itself.” IITs’ capacity will be expanded. Total number students in 23 IITs has increased 100% from 65,000 to 1.35 lakh in the past 10 years. Additional infrastructure will be created in the five IITs started after 2014 and IIT Patna will also be expanded.

Gopocket Live Updation (Budget 2025): Investment as third engine: Sitharaman Investment - the third engine, Ms. Sitharaman says encompasses investing in people, economy and innovation. Investing in People: Saksham Anganwadi and Poshan 2.0 provides nutritional support to over 8 crore children and 1 crore pregnant women, mothers and 20 lakh adolescent girls. The cost norms will be enhanced in the scheme. 50,000 Atal Tinkering labs will be set up in government schools in the next five years. Broadband connectivity to be provided to all government secondary schools and primary centres in all rural areas. A Bharatiya Bhasha Pustak scheme to be implemented for Indian language books for schools and higher education. Five National centres of excellence for Skilling will be set up with global expertise and partnerships, building on announcements made in July 2024 budget. IITs’ capacity will be expanded. Total number students in 23 IITs has increased 100% from 65,000 to 1.35 lakh in the past 10 years. Additional infrastructure will be created in the five IITs started after 2014 and IIT Patna will also be expanded.

Gopocket Live Updation (Budget 2025): Expansion of medical education • FM announced 10,000 additional seats to be added in medical colleges, • Aim to add 75,000 seats in next 5 years. • 200 cancer centres will be established in 2025-26.

Gopocket Live Updation (Budget 2025): Dhan Dhanya Krishi Yojna will help farmers achieve self-sufficiency….’ says Khaitan & Co. partner

Gopocket Live Updation (Budget 2025): PPP in infrastructure • 3-year pipeline of projects by states to be given that can be implemented in private-public partnership (PPP) mode. • Each infrastructure-related ministry is to come up with a 3-year plan to be implemented in PPP mode. • The outlay of ₹1.5 lakh crore is proposed for 50-year interest-free loans.

Gopocket Live Updation (Budget 2025): FM announces 5 National Centres of Excellence for skilling to equip youth

Gopocket Live Updation (Budget 2025): FM Nirmala Sitharaman announced that 10,000 seats would be added in medical colleges from next year.

Gopocket Live Updation (Budget 2025): Manufacturing Mission Ms. Sitharaman, in her budget speech announced the setting up of a National Manufacturing Mission for small, medium and large industries to further Make In India. The mission will also support clean tech manufacturing and will help build our ecosystem for solar cells, EV batteries, motors, controllers, wind turbines, grid-scale batteries etc.

Gopocket Live Updation (Budget 2025): Measures for labour-intensive sectors For Labour-intensive sectors, to promote employment, our government will undertake specific policy and facilitation measures, says Ms. Sitharaman during her budget speech. For the footwear and leather sector, a Focus Product scheme will be implemented. The scheme is expected to generate 22 lakh jobs. For the toy sector, we will implement a scheme to make India a global hub of toys. For food processing, we will establish a National Institute of Food Technology, Entrepreneurship and Management in Bihar. “This will result in enhanced income for farmers through value addition and skilling, entrepreneurship and employment opportunities for the youth.”

Gopocket Live Updation (Budget 2025): In addition to enhancing the credit limit for MSMEs, the FM also announced a new scheme of ₹5 lakh for women, the Sccheduled Cast, and the Scheduled Tribe.