- Yuva Shakti-driven budget emphasizes on government’s ‘Sankalp’ to focus on poor, underprivileged and the disadvantaged
- First budget prepared in Kartavya Bhawan inspired by 3 Kartavya
- New Income Tax Act, 2025 to come into effect from April 2026, simplified income tax rules and forms to be notified shortly
- Multiplicity of proceedings to be reduced to rationalise penalty and prosecution
- Deduction already available to certain primary cooperative societies to be extended to cattle feed and cotton seed
- Single category of information technology services with common safe harbour margin of 15.5 per cent
- 2000 crore threshold for availing safe harbour for IT services, up from Rs 300 crore
- Foreign cloud service provider to be given tax holiday till 2047
- Exemption from minimum alternate tax to all non-residents paying tax on presumptive basis
- Ministry to set up joint committee to modify INDAS to do away with separate accounting requirement based on ICDS from tax year 2027-28
- Basic Customs Duty exemption given to capital goods used for manufacturing lithium-ion cells for batteries to be extended.
- Basic customs duty to the import of capital goods required for processing of critical minerals to be exempted
- Tariff rate on all dutiable goods imported for personal use to be reduced from 20 pc to 10 pc
- Basic Customs Duty on 17 drugs or medicines to be exempted
- Biopharma Shakti with an outlay of Rs 10,000 crores to build the ecosystem for domestic production of biologics and biosimilars
- Rs 10,000 crore SME growth fund proposed to create MSME’s as future champions
- Public CAPEX enhanced from Rs 11.2 lakh crore in be 2025-26 to Rs 12.2 lakh crore in FY 2026-27
- Seven high-speed rail corridors between cities will be developed as ‘growth connectors’ to promote environmentally sustainable passenger systems.
- Indian Institute of Creative Technologies, Mumbai to setup AVGC content creator labs in 15,000 secondary schools and 500 colleges
- To address the challenges for girl students in higher education stem institutions, one girls hostel will be established in every district
- Government announces a scheme for upskilling 10,000 guides in 20 tourist sites through a standardized, high-quality 12-week training course in hybrid mode, in collaboration with an IIM
- Khelo India Mission to transform the sports sector over the next decade
- Bharat-Vistaar, a multilingual ai tool to integrate the AGRISTACK portals and the ICAR package on agricultural practices with AI systems
- Overseas tour program package reduced from the current 5 percent and 20 percent to 2 percent
- Customs warehousing framework to be transformed into a warehouse operator-centric system with self-declarations, electronic tracking and risk-based audit
- Cargo clearance approvals from various government agencies to be seamlessly processed through a single and interconnected digital window by end of the financial year
