Budget 2025: From relief in taxation to increase in education fund allocation, what students can expect from Finance Minister in upcoming Union Budget

Finance Minister to meet bank heads

The Finance Ministry has scheduled a meeting with the heads of Public Sector Banks (PSBs) on Wednesday (January 15) to assess the progress of key financial inclusion initiatives, including Jan Suraksha and Mudra Yojana.

Know what students expect from upcoming union budget

From relief in taxation to remove securities transaction tax (STT) and long-term capital gains (LTCG) tax, and demanding to increase expenditure on education sector to increase allocation for tourism sector, students expect these things:

Relief in taxation

Individuals and corporations can benefit from tax relief by lowering their tax payments or settling tax debts.

 

LTCG tax and STT removal

Students also expect securities transaction tax (STT) and long-term capital gains (LTCG) tax removal from the Finance Minister.

Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY)

The health insurance scheme coverage should be increased to Rs 10 lakh from the current Rs 5 lakh for one family.

Demand for expansion of capex and PLI

The need to increase capital expenditure (capex) and production linked incentive (PLI) schemes in India is driven by the need to expand manufacturing, reduce import dependency, and generate employment. 

Changes in new tax regime slab

The students also expect changes in the new tax regime slab.

Allocation should be increased for tourism sector

There should be an increase in fund allocations to tourism industry.

Jobs

More jobs should be created specially in the rural areas.

R&D and AI

Government should focus more on the R&D and AI sectors.