In a major reform announcement, FM Nirmala Sitharaman says that FDI limit in insurance sector will be raised from 74% to 100%.Budget 2025 LIVE Updates: Nuclear Energy Mission launched with outlay of Rs 20,000 croreThe Finance Minister has announced the Nuclear Energy Mission for research, development of small modular reactors with an outlay of Rs 20,000 crore.Budget 2025 Live: Promoting competitive cooperative federalismBudget 2025 Live: Finance Minister Nirmala Sitharaman announced that an Investment Friendliness Index for states will be launched in 2025 to promote competitive cooperative federalism. Under the Financial Stability and Development Council (FSDC), a mechanism will be established to assess the impact of existing financial regulations and subsidiary instructions. This initiative aims to enhance the responsiveness and growth of the financial sector. She also highlighted the Jan Vishwas Act 2023, which led to the decriminalization of over 1,080 legal provisions, fostering a more business-friendly regulatory environment.
Budget 2025 Live: Bolstering the domestic electronic equipment industry
Budget 2025 Live: Finance Minister Nirmala Sitharaman emphasized the government’s commitment to bolstering the domestic electronic equipment industry, creating opportunities for youth. A national framework will be developed to guide states in promoting Global Capability Centers (GCCs) in emerging Tier-2 cities, focusing on talent availability, infrastructure upgrades, bylaw reforms, and industry collaboration.
Additionally, the government will enhance infrastructure and warehousing for air cargo, particularly for high-value perishable horticultural produce. Cargo screening and customs protocols will be streamlined to improve efficiency. Sitharaman also highlighted that reforms have been the driving force behind the government’s policies over the past decade.
Budget 2025 Live: Bolstering the domestic electronic equipment industry
Budget 2025 Live: Finance Minister Nirmala Sitharaman emphasized the government’s commitment to bolstering the domestic electronic equipment industry, creating opportunities for youth. A national framework will be developed to guide states in promoting Global Capability Centers (GCCs) in emerging Tier-2 cities, focusing on talent availability, infrastructure upgrades, bylaw reforms, and industry collaboration.Additionally, the government will enhance infrastructure and warehousing for air cargo, particularly for high-value perishable horticultural produce. Cargo screening and customs protocols will be streamlined to improve efficiency. Sitharaman also highlighted that reforms have been the driving force behind the government’s policies over the past decade.
