Budget 2025 Expectations Highlights: Focus On Simplifying GST And Boosting EV Growth

New Delhi: The Union Budget is all set to be presented on February 1, with the customary halwa ceremony set to take place today. The Halwa ceremony, marking the final stage of the Budget preparation process for Union Budget 2025-26, was held in North Block in the presence of Union Finance & Corporate Affairs Minister Nirmala Sitharaman and Union Ministers of State.

A customary Halwa ceremony is performed every year before the “lock-in” process of Budget preparation begins. As part of the ceremony, the Finance Minister will take a tour of the Budget Press and reviewed the preparations besides extending her best wishes to the officials concerned.

Unlike previous years, all the 14 Union Budget documents, including the Annual Financial Statement (commonly known as Budget), Demand for Grants (DG), Finance Bill etc. as prescribed by the Constitution, will available on the “Union Budget Mobile App” for hassle-free access of Budget documents by Members of Parliament (MPs) and the general public using the simplest form of digital convenience. It is bilingual (English & Hindi) and will be available on both Android and iOS platforms. The App can also be downloaded from the Union Budget Web Portal (www.indiabudget.gov.in).

The Budget documents will be available on the Mobile App after the completion of the Budget Speech by the Finance Minister in Parliament on 1st February, 2025.

25 January 2025

25 January 2025 20:36 IST

Budget 2025 Expectations Live: Accelerating India’s Clean Energy Transition

“As the country gears up for Budget 2025, the renewable sector expects increased policy measures, support mechanisms, and targeted investments to accelerate India’s transition to clean energy. To achieve the ambitious 2030 target of 500 GW of renewable energy capacity, we envision enhanced budgetary support for emerging sectors like offshore wind and green hydrogen. In addition, financial incentives for the domestic manufacturing of solar panels, cells, and storage batteries can boost local industry and align with the 'Make in India' initiative," said Yogesh Mudras, Managing Director of Informa Markets in India, offers his views and anticipations for the Renewable Energy sector.

25 January 2025 20:15 IST

Budget 2025 Expectations Live: Transforming India’s Electric Mobility Ecosystem

“With sustainability and the reduction of carbon footprints becoming critical priorities, the EV industry in India is witnessing unprecedented growth. The rising preference for e-scooters, e-bikes, and electric 3-wheelers as eco-friendly alternatives is rapidly gaining traction, particularly in metro cities.

As we approach the Union Budget 2025, we are optimistic about witnessing transformative reforms and policies that will shape the future of electric mobility in India. Addressing infrastructure gaps, supply chain inefficiencies, and high manufacturing costs must take center stage to make EVs more affordable and accessible to the masses said Mr. Anshul Gupta, MD, OPG Mobility.